Coinbase
COIN
999 hedge funds and large institutions have $19.9B invested in Coinbase in 2025 Q1 according to their latest regulatory filings, with 159 funds opening new positions, 432 increasing their positions, 255 reducing their positions, and 167 closing their positions.
69% more repeat investments, than reductions
Existing positions increased: 432 | Existing positions reduced: 255
2% less call options, than puts
Call options by funds: $7.05B | Put options by funds: $7.22B
5% less first-time investments, than exits
New positions opened: 159 | Existing positions closed: 167
3% less funds holding
Funds holding: 1,029 → 999 (-30)
3.9% less ownership
Funds ownership: 58.95% → 55.05% (-3.9%)
9% less funds holding in top 10
Funds holding in top 10: 34 → 31 (-3)
34% less capital invested
Capital invested by funds: $30B → $19.9B (-$10.1B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$360M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
+$309M |
| 3 |
Morgan Stanley
New York
|
+$281M |
| 4 |
Amundi
Paris,
France
|
+$240M |
| 5 |
Renaissance Technologies
New York
|
+$237M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.31B |
| 2 |
Jane Street
New York
|
-$1.22B |
| 3 |
MCM
Multicoin Capital Management
Austin,
Texas
|
-$265M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$231M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$169M |
COIN Hedge Fund Activity: Q1 2025 in Review
999 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Coinbase (COIN) for Q1 2025, worth a combined $19.9B — down 34% from $30B a quarter earlier.
Sellers outnumbered buyers: 167 funds closed out of COIN and 159 opened new positions — a net loss of 8 holders — while 255 trimmed existing stakes and 432 added.
The largest buyer was National Bank of Canada, adding an estimated $360M. The largest seller was Fidelity Investments, cutting an estimated $1.31B.
- 999 institutional investors held Coinbase (COIN) as of Q1 2025, down from 1,029 in Q4 2024.
- Funds reported $19.9B of Coinbase stock for Q1 2025, down 34% quarter-over-quarter.
- 159 funds opened new Coinbase positions in Q1 2025 and 167 closed out, a net change of -8 holders.
- The largest Coinbase buyer in Q1 2025 was National Bank of Canada, an estimated $360M added.
- The largest Coinbase seller in Q1 2025 was Fidelity Investments, an estimated $1.31B sold.
Based on aggregated 13F filings for Q1 2025.