Fidelity Wise Origin Bitcoin Fund
FBTC
676 hedge funds and large institutions have $3.35B invested in Fidelity Wise Origin Bitcoin Fund in 2025 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 321 increasing their positions, 138 reducing their positions, and 115 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 321 | Existing positions reduced: 138
8% more call options, than puts
Call options by funds: $240M | Put options by funds: $222M
2% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 115
0.42% less ownership
Funds ownership: 29.38% → 28.96% (-0.42%)
1% less funds holding
Funds holding: 683 → 676 (-7)
25% less capital invested
Capital invested by funds: $4.44B → $3.35B (-$1.09B)
36% less funds holding in top 10
Funds holding in top 10: 47 → 30 (-17)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$216M |
| 2 |
Morgan Stanley
New York
|
+$60.4M |
| 3 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$59.4M |
| 4 |
MIC
Means Investment Company
Bangor,
Maine
|
+$24.2M |
| 5 |
PCM
Patient Capital Management
Baltimore,
Maryland
|
+$14.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$171M |
| 2 |
TCC
Trans-Canada Capital
Montreal,
Quebec, Canada
|
-$77.1M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$48.4M |
| 4 |
Goldman Sachs
New York
|
-$41.2M |
| 5 |
EC
Elequin Capital
New York
|
-$41.1M |
FBTC Hedge Fund Activity: Q4 2025 in Review
676 institutional investors reported a position in Fidelity Wise Origin Bitcoin Fund (FBTC) for Q4 2025, worth a combined $3.35B — down 25% from $4.44B a quarter earlier.
Buyers outnumbered sellers: 117 funds opened new FBTC positions and 115 closed out — a net gain of 2 holders — while 321 added to existing stakes and 138 trimmed.
The largest buyer was Jane Street, adding an estimated $216M. The largest seller was Sculptor Capital, cutting an estimated $171M.
- 676 institutional investors held Fidelity Wise Origin Bitcoin Fund (FBTC) as of Q4 2025, down from 683 in Q3 2025.
- Funds reported $3.35B of Fidelity Wise Origin Bitcoin Fund stock for Q4 2025, down 25% quarter-over-quarter.
- 117 funds opened new Fidelity Wise Origin Bitcoin Fund positions in Q4 2025 and 115 closed out, a net change of +2 holders.
- The largest Fidelity Wise Origin Bitcoin Fund buyer in Q4 2025 was Jane Street, an estimated $216M added.
- The largest Fidelity Wise Origin Bitcoin Fund seller in Q4 2025 was Sculptor Capital, an estimated $171M sold.
Based on aggregated 13F filings for Q4 2025.