Coinbase
COIN
1,327 hedge funds and large institutions have $47.8B invested in Coinbase in 2025 Q3 according to their latest regulatory filings, with 231 funds opening new positions, 612 increasing their positions, 324 reducing their positions, and 135 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 612 | Existing positions reduced: 324
71% more first-time investments, than exits
New positions opened: 231 | Existing positions closed: 135
40% more call options, than puts
Call options by funds: $21.3B | Put options by funds: $15.3B
6% more funds holding
Funds holding: 1,255 → 1,327 (+72)
0.94% more ownership
Funds ownership: 64.94% → 65.88% (+0.94%)
1% less capital invested
Capital invested by funds: $48.1B → $47.8B (-$295M)
26% less funds holding in top 10
Funds holding in top 10: 54 → 40 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$681M |
| 2 |
BlackRock
New York
|
+$349M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$226M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$219M |
| 5 |
State Street
Boston,
Massachusetts
|
+$205M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APM
a16z Perennial Management
Menlo Park,
California
|
-$536M |
| 2 |
Jane Street
New York
|
-$296M |
| 3 |
Renaissance Technologies
New York
|
-$259M |
| 4 |
Squarepoint
New York
|
-$170M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$151M |
COIN Hedge Fund Activity: Q3 2025 in Review
1,327 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Coinbase (COIN) for Q3 2025, worth a combined $47.8B — down 0.61% from $48.1B a quarter earlier.
Buyers outnumbered sellers: 231 funds opened new COIN positions and 135 closed out — a net gain of 96 holders — while 612 added to existing stakes and 324 trimmed.
The largest buyer was Vanguard Group, adding an estimated $681M. The largest seller was a16z Perennial Management, exiting entirely with an estimated $536M sold.
- 1,327 institutional investors held Coinbase (COIN) as of Q3 2025, up from 1,255 in Q2 2025.
- Funds reported $47.8B of Coinbase stock for Q3 2025, down 0.61% quarter-over-quarter.
- 231 funds opened new Coinbase positions in Q3 2025 and 135 closed out, a net change of +96 holders.
- The largest Coinbase buyer in Q3 2025 was Vanguard Group, an estimated $681M added.
- The largest Coinbase seller in Q3 2025 was a16z Perennial Management, an estimated $536M sold.
Based on aggregated 13F filings for Q3 2025.