Coinbase
COIN
922 hedge funds and large institutions have $27.6B invested in Coinbase in 2024 Q1 according to their latest regulatory filings, with 211 funds opening new positions, 274 increasing their positions, 299 reducing their positions, and 101 closing their positions.
109% more first-time investments, than exits
New positions opened: 211 | Existing positions closed: 101
46% more capital invested
Capital invested by funds: $18.8B → $27.6B (+$8.72B)
12% more funds holding
Funds holding: 825 → 922 (+97)
4% more funds holding in top 10
Funds holding in top 10: 51 → 53 (+2)
2% less call options, than puts
Call options by funds: $7.48B | Put options by funds: $7.62B
8% less repeat investments, than reductions
Existing positions increased: 274 | Existing positions reduced: 299
2.92% less ownership
Funds ownership: 56.44% → 53.52% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.16B |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$472M |
| 3 |
CAC
Cowen and Company
New York
|
+$211M |
| 4 |
APM
a16z Perennial Management
Menlo Park,
California
|
+$188M |
| 5 |
N
Natixis
Paris,
France
|
+$171M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
-$752M |
| 2 |
Morgan Stanley
New York
|
-$406M |
| 3 |
ACM
AH Capital Management
Menlo Park,
California
|
-$394M |
| 4 |
NAMA
Nikko Asset Management Americas
New York
|
-$386M |
| 5 |
Jane Street
New York
|
-$378M |
COIN Hedge Fund Activity: Q1 2024 in Review
922 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Coinbase (COIN) for Q1 2024, worth a combined $27.6B — up 46% from $18.8B a quarter earlier.
Buyers outnumbered sellers: 211 funds opened new COIN positions and 101 closed out — a net gain of 110 holders — while 274 added to existing stakes and 299 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $1.16B. The largest seller was ARK Investment Management, cutting an estimated $752M.
- 922 institutional investors held Coinbase (COIN) as of Q1 2024, up from 825 in Q4 2023.
- Funds reported $27.6B of Coinbase stock for Q1 2024, up 46% quarter-over-quarter.
- 211 funds opened new Coinbase positions in Q1 2024 and 101 closed out, a net change of +110 holders.
- The largest Coinbase buyer in Q1 2024 was Fidelity Investments, an estimated $1.16B added.
- The largest Coinbase seller in Q1 2024 was ARK Investment Management, an estimated $752M sold.
Based on aggregated 13F filings for Q1 2024.