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CRCL

Circle Internet Group
CRCL

328 hedge funds and large institutions have $11.8B invested in Circle Internet Group in 2025 Q3 according to their latest regulatory filings, with 162 funds opening new positions, 98 increasing their positions, 52 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more first-time investments, than exits

New positions opened: 162 | Existing positions closed: 67

88% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 52

42.45% more ownership

Funds ownership: 0% → 42.45% (+42%)

38% more funds holding

Funds holding: 238 → 328 (+90)

18% more funds holding in top 10

Funds holding in top 10: 11 → 13 (+2)

18% less capital invested

Capital invested by funds: $14.4B → $11.8B (-$2.56B)

23% less call options, than puts

Call options by funds: $2.06B | Put options by funds: $2.68B

Holders
328
Holders Change
+90
Holders Change %
+37.82%
% of All Funds
4.31%
Holding in Top 10
13
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+18.18%
% of All Funds
0.17%
New
162
Increased
98
Reduced
52
Closed
67
Calls
$2.06B
Puts
$2.68B
Net Calls
-$614M
Net Calls Change
-$833M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$389M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$336M
3
BlackRock
BlackRock
New York
+$171M
4
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$152M
5
NAMA
Nikko Asset Management Americas
New York
+$141M

Top Sellers

1
GCGM
General Catalyst Group Management
Massachusetts
-$177M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$125M
3
Citadel Advisors
Citadel Advisors
Florida
-$108M
4
ICCFIA
IDG China Capital Fund III Associates
China
-$103M
5
Marshall Wace
Marshall Wace
United Kingdom
-$75.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCGM
1
General Catalyst Group Management
Massachusetts
$2.52B -$177M -1,119,728 -6%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$1.72B -$125M -787,509 -6%
ICCFIA
3
IDG China Capital Fund III Associates
China
$1.46B -$103M -649,801 -6%
Marshall Wace
4
Marshall Wace
United Kingdom
$1.07B -$75.2M -474,946 -6%
Vanguard Group
5
Vanguard Group
Pennsylvania
$740M +$336M +2,126,072 +62%
BlackRock
6
BlackRock
New York
$599M +$171M +1,082,068 +31%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$417M +$389M +2,458,044 +356%
AIM
8
ARK Investment Management
Florida
$393M +$6.73M +42,537 +1%
AMC
9
Atlas Merchant Capital
New York
$224M -$15.7M -99,438 -6%
Sumitomo Mitsui Trust Group
10
Sumitomo Mitsui Trust Group
Japan
$172M +$152M +959,309 +282%
NAMA
11
Nikko Asset Management Americas
New York
$171M +$141M +892,359 +222%
UBS Group
12
UBS Group
Switzerland
$143M +$53.5M +338,407 +46%
Morgan Stanley
13
Morgan Stanley
New York
$138M +$113M +716,159 +218%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$133M +$101M +638,409 +177%
State Street
15
State Street
Massachusetts
$95.8M +$90.2M +570,014 +374%
WAM
16
Weiss Asset Management
Massachusetts
$92.8M +$111M +700,000 New
CS
17
Clear Street
New York
$83.8M +$100M +631,957 New
KCMH
18
Keywise Capital Management (HK)
Hong Kong
$72.9M +$87M +549,900 New
Citigroup
19
Citigroup
New York
$66.4M +$70.4M +444,979 +798%
Bank of America
20
Bank of America
North Carolina
$62.5M +$64.5M +407,718 +642%
Nomura Holdings
21
Nomura Holdings
Japan
$59.3M +$70.8M +447,121 New
Capital Fund Management (CFM)
22
Capital Fund Management (CFM)
France
$56.4M +$67.3M +425,413 New
T. Rowe Price Associates
23
T. Rowe Price Associates
Maryland
$55.5M -$42.8M -270,780 -39%
PCP
24
Pantera Capital Partners
California
$55.5M -$3.9M -24,648 -6%
VanEck Associates
25
VanEck Associates
New York
$54.7M +$16.5M +104,405 +34%
1
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CRCL Hedge Fund Activity: Q3 2025 in Review

328 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Circle Internet Group (CRCL) for Q3 2025, worth a combined $11.8B — down 18% from $14.4B a quarter earlier.

Buyers outnumbered sellers: 162 funds opened new CRCL positions and 67 closed out — a net gain of 95 holders — while 98 added to existing stakes and 52 trimmed.

The largest buyer was Susquehanna International Group, adding an estimated $389M. The largest seller was General Catalyst Group Management, cutting an estimated $177M.

  • 328 institutional investors held Circle Internet Group (CRCL) as of Q3 2025, up from 238 in Q2 2025.
  • Funds reported $11.8B of Circle Internet Group stock for Q3 2025, down 18% quarter-over-quarter.
  • 162 funds opened new Circle Internet Group positions in Q3 2025 and 67 closed out, a net change of +95 holders.
  • The largest Circle Internet Group buyer in Q3 2025 was Susquehanna International Group, an estimated $389M added.
  • The largest Circle Internet Group seller in Q3 2025 was General Catalyst Group Management, an estimated $177M sold.

Based on aggregated 13F filings for Q3 2025.