Coinbase
COIN
825 hedge funds and large institutions have $18.8B invested in Coinbase in 2023 Q4 according to their latest regulatory filings, with 280 funds opening new positions, 204 increasing their positions, 206 reducing their positions, and 52 closing their positions.
438% more first-time investments, than exits
New positions opened: 280 | Existing positions closed: 52
142% more capital invested
Capital invested by funds: $7.78B → $18.8B (+$11.1B)
122% more funds holding in top 10
Funds holding in top 10: 23 → 51 (+28)
35% more funds holding
Funds holding: 610 → 825 (+215)
1.91% more ownership
Funds ownership: 54.53% → 56.44% (+1.9%)
1% less repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 206
30% less call options, than puts
Call options by funds: $5.15B | Put options by funds: $7.35B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$395M |
| 2 |
Morgan Stanley
New York
|
+$253M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$129M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$104M |
| 5 |
Goldman Sachs
New York
|
+$63.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NAMA
Nikko Asset Management Americas
New York
|
-$261M |
| 2 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
-$261M |
| 3 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
-$219M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
-$106M |
| 5 |
Renaissance Technologies
New York
|
-$94.4M |
COIN Hedge Fund Activity: Q4 2023 in Review
825 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Coinbase (COIN) for Q4 2023, worth a combined $18.8B — up 142% from $7.78B a quarter earlier.
Buyers outnumbered sellers: 280 funds opened new COIN positions and 52 closed out — a net gain of 228 holders — while 204 added to existing stakes and 206 trimmed.
The largest buyer was Jane Street, adding an estimated $395M. The largest seller was Nikko Asset Management Americas, cutting an estimated $261M.
- 825 institutional investors held Coinbase (COIN) as of Q4 2023, up from 610 in Q3 2023.
- Funds reported $18.8B of Coinbase stock for Q4 2023, up 142% quarter-over-quarter.
- 280 funds opened new Coinbase positions in Q4 2023 and 52 closed out, a net change of +228 holders.
- The largest Coinbase buyer in Q4 2023 was Jane Street, an estimated $395M added.
- The largest Coinbase seller in Q4 2023 was Nikko Asset Management Americas, an estimated $261M sold.
Based on aggregated 13F filings for Q4 2023.