Coinbase
COIN
614 hedge funds and large institutions have $7.22B invested in Coinbase in 2023 Q1 according to their latest regulatory filings, with 131 funds opening new positions, 158 increasing their positions, 172 reducing their positions, and 72 closing their positions.
91% more capital invested
Capital invested by funds: $3.78B → $7.22B (+$3.44B)
82% more first-time investments, than exits
New positions opened: 131 | Existing positions closed: 72
8% more funds holding
Funds holding: 569 → 614 (+45)
8% more funds holding in top 10
Funds holding in top 10: 26 → 28 (+2)
1.76% more ownership
Funds ownership: 56.53% → 58.29% (+1.8%)
8% less repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 172
31% less call options, than puts
Call options by funds: $1.53B | Put options by funds: $2.21B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$328M |
| 2 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$155M |
| 3 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$77.9M |
| 4 |
NAMA
Nikko Asset Management Americas
New York
|
+$77.7M |
| 5 |
Coatue Management
New York
|
+$38.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$106M |
| 2 |
Two Sigma Advisers
New York
|
-$79.6M |
| 3 |
Two Sigma Investments
New York
|
-$74.8M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$64.9M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$50.2M |
COIN Hedge Fund Activity: Q1 2023 in Review
614 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Coinbase (COIN) for Q1 2023, worth a combined $7.22B — up 91% from $3.78B a quarter earlier.
Buyers outnumbered sellers: 131 funds opened new COIN positions and 72 closed out — a net gain of 59 holders — while 158 added to existing stakes and 172 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $328M. The largest seller was Renaissance Technologies, cutting an estimated $106M.
- 614 institutional investors held Coinbase (COIN) as of Q1 2023, up from 569 in Q4 2022.
- Funds reported $7.22B of Coinbase stock for Q1 2023, up 91% quarter-over-quarter.
- 131 funds opened new Coinbase positions in Q1 2023 and 72 closed out, a net change of +59 holders.
- The largest Coinbase buyer in Q1 2023 was Fidelity Investments, an estimated $328M added.
- The largest Coinbase seller in Q1 2023 was Renaissance Technologies, an estimated $106M sold.
Based on aggregated 13F filings for Q1 2023.