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Coinbase

1,262 hedge funds and large institutions have $33.4B invested in Coinbase in 2025 Q4 according to their latest regulatory filings, with 192 funds opening new positions, 509 increasing their positions, 409 reducing their positions, and 228 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more call options, than puts

Call options by funds: $ | Put options by funds: $

less ownership

Funds ownership:

less funds holding

Funds holding:

16% less first-time investments, than exits

New positions opened: 192 | Existing positions closed: 228

18% less funds holding in top 10

Funds holding in top 10: 4033 (-7)

30% less capital invested

Capital invested by funds: $47.8B → $33.4B (-$14.4B)

Holders
1,262
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
33
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$11.7B
Puts
$10.1B
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
NC
151
NZS Capital
Colorado
$19.2M
Group One Trading
152
Group One Trading
Illinois
$19.2M
Northwestern Mutual Wealth Management
153
Northwestern Mutual Wealth Management
Wisconsin
$19M
AQR Capital Management
154
AQR Capital Management
Connecticut
$18.3M
OMC
155
Old Mission Capital
Illinois
$18M
PFM
156
Privium Fund Management
Netherlands
$17.9M
Ohio Public Employees Retirement System (OPERS)
157
Ohio Public Employees Retirement System (OPERS)
Ohio
$17.6M
Handelsbanken Fonder
158
Handelsbanken Fonder
Sweden
$17.5M
IEFM
159
IQ EQ Fund Management
Ireland
$17M
Rafferty Asset Management
160
Rafferty Asset Management
New York
$16.8M
TBWA
161
Three Bridge Wealth Advisors
California
$16.8M
MCM
162
Massar Capital Management
Connecticut
$16.7M
Envestnet Asset Management
163
Envestnet Asset Management
Illinois
$16.7M
KK
164
KLP Kapitalforvaltning
Norway
$16.5M
Vontobel Holding
165
Vontobel Holding
Switzerland
$16.4M
Stifel Financial
166
Stifel Financial
Missouri
$16.3M
Nomura Asset Management
167
Nomura Asset Management
Japan
$16M
State of New Jersey Common Pension Fund D
168
State of New Jersey Common Pension Fund D
New Jersey
$15.9M
ECSS
169
Eurizon Capital SGR SpA
$15.9M
GAM
170
Generali Asset Management
Italy
$15.8M
Victory Capital Management
171
Victory Capital Management
Texas
$15.6M
SO
172
STRS Ohio
Ohio
$15.4M
Wealthfront Advisers
173
Wealthfront Advisers
California
$14.9M
State of Tennessee, Department of Treasury
174
State of Tennessee, Department of Treasury
Tennessee
$14.8M
Teacher Retirement System of Texas
175
Teacher Retirement System of Texas
Texas
$14.3M