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VanEck Bitcoin Trust

87 hedge funds and large institutions have $248M invested in VanEck Bitcoin Trust in 2025 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 20 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 14

55% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 20

7% more funds holding

Funds holding: 8187 (+6)

11% less capital invested

Capital invested by funds: $279M → $248M (-$30.5M)

66.02% less ownership

Funds ownership: 87.13%21.11% (-66%)

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
87
Holders Change
+6
Holders Change %
+7.41%
% of All Funds
1.17%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
23
Increased
31
Reduced
20
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SAM
51
Synergy Asset Management
Washington
$280K -$316K -12,004 -50%
IF
52
IRON Financial
Illinois
$279K +$580 +22 +0.2%
Fisher Asset Management
53
Fisher Asset Management
Washington
$276K +$312K +11,840 New
KIA
54
Kraematon Investment Advisors
Massachusetts
$252K +$285K +10,818 New
AWM
55
Accurate Wealth Management
Florida
$245K +$272K +10,330 New
BCI
56
Brinker Capital Investments
Pennsylvania
$245K -$13.1K -496 -5%
OPS
57
Orion Portfolio Solutions
Nebraska
$245K -$13.1K -496 -5%
BL
58
Balentine LLC
Georgia
$232K +$57.9K +2,198 +28%
CMI
59
Clare Market Investments
Texas
$217K -$34.2K -1,300 -12%
IWC
60
Integrated Wealth Concepts
Massachusetts
$216K -$12.4K -470 -5%
EFS
61
Essex Financial Services
Connecticut
$210K -$76.8K -2,916 -24%
PA
62
Parallel Advisors
California
$137K +$79 +3 +0.1%
MCM
63
MAI Capital Management
Ohio
$104K -$104K -3,932 -47%
SAM
64
S.A. Mason
Michigan
$72.4K +$81.8K +3,105 New
Carson Wealth (CWM LLC)
65
Carson Wealth (CWM LLC)
Nebraska
$60K +$31.7K +1,203 +87%
AF
66
Advisornet Financial
Minnesota
$44.3K -$10.5K -400 -17%
NOI
67
Newton One Investments
Delaware
$30.9K
ME
68
McIlrath & Eck
Washington
$21.2K -$3.16K -120 -12%
LC
69
Lavaca Capital
Texas
$16.4K +$18.5K +704 New
CFD
70
Creative Financial Designs
Indiana
$14K
FFA
71
Farther Finance Advisors
California
$12.6K +$26 +1 +0.2%
CWM
72
Copia Wealth Management
Oregon
$11.9K +$13.5K +512 New
SWM
73
Spire Wealth Management
Virginia
$11.2K +$3.69K +140 +41%
PNC Financial Services Group
74
PNC Financial Services Group
Pennsylvania
$9.42K
EC
75
Elequin Capital
New York
$8.95K

HODL Hedge Fund Activity: Q1 2025 in Review

87 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in VanEck Bitcoin Trust (HODL) for Q1 2025, worth a combined $248M — down 11% from $279M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new HODL positions and 14 closed out — a net gain of 9 holders — while 31 added to existing stakes and 20 trimmed.

The largest buyer was NEOS Investment Management, adding an estimated $24.8M. The largest seller was Boothbay Fund Management, exiting entirely with an estimated $31.7M sold.

  • 87 institutional investors held VanEck Bitcoin Trust (HODL) as of Q1 2025, up from 81 in Q4 2024.
  • Funds reported $248M of VanEck Bitcoin Trust stock for Q1 2025, down 11% quarter-over-quarter.
  • 23 funds opened new VanEck Bitcoin Trust positions in Q1 2025 and 14 closed out, a net change of +9 holders.
  • The largest VanEck Bitcoin Trust buyer in Q1 2025 was NEOS Investment Management, an estimated $24.8M added.
  • The largest VanEck Bitcoin Trust seller in Q1 2025 was Boothbay Fund Management, an estimated $31.7M sold.

Based on aggregated 13F filings for Q1 2025.