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VanEck Bitcoin Trust

129 hedge funds and large institutions have $439M invested in VanEck Bitcoin Trust in 2026 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

12,000% more call options, than puts

Call options by funds: $726K | Put options by funds: $6K

26% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 35

5.04% more ownership

Funds ownership: 29.96%35% (+5%)

4% less funds holding

Funds holding: 134129 (-5)

9% less capital invested

Capital invested by funds: $482M → $439M (-$43.4M)

10% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 29

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
129
Holders Change
-5
Holders Change %
-3.73%
% of All Funds
1.58%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
26
Increased
44
Reduced
35
Closed
29
Calls
$726K
Puts
$6K
Net Calls
+$720K
Net Calls Change
+$490K

HODL Hedge Fund Activity: Q1 2026 in Review

129 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in VanEck Bitcoin Trust (HODL) for Q1 2026, worth a combined $439M — down 9% from $482M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of HODL and 26 opened new positions — a net loss of 3 holders — while 35 trimmed existing stakes and 44 added.

The largest buyer was Tidal Investments, adding an estimated $24.1M. The largest seller was Jane Street, cutting an estimated $20.6M.

  • 129 institutional investors held VanEck Bitcoin Trust (HODL) as of Q1 2026, down from 134 in Q4 2025.
  • Funds reported $439M of VanEck Bitcoin Trust stock for Q1 2026, down 9% quarter-over-quarter.
  • 26 funds opened new VanEck Bitcoin Trust positions in Q1 2026 and 29 closed out, a net change of -3 holders.
  • The largest VanEck Bitcoin Trust buyer in Q1 2026 was Tidal Investments, an estimated $24.1M added.
  • The largest VanEck Bitcoin Trust seller in Q1 2026 was Jane Street, an estimated $20.6M sold.

Based on aggregated 13F filings for Q1 2026.