VanEck Bitcoin Trust
HODL
128 hedge funds and large institutions have $511M invested in VanEck Bitcoin Trust in 2026 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 44 increasing their positions, 32 reducing their positions, and 22 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 32
17.06% more ownership
Funds ownership: 35% → 52.07% (+17%)
16% more capital invested
Capital invested by funds: $439M → $511M (+$72.1M)
9% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 22
1% less funds holding
Funds holding: 129 → 128 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$185M |
| 2 |
Jane Street
New York
|
+$13.1M |
| 3 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$6.04M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$4.41M |
| 5 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$24.4M |
| 2 |
SC
Syon Capital
San Francisco,
California
|
-$14M |
| 3 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$5.26M |
| 4 |
HCA
Heck Capital Advisors
Rhinelander,
Wisconsin
|
-$3.89M |
| 5 |
NG
Norden Group
Provo,
Utah
|
-$3.58M |
HODL Hedge Fund Activity: Q2 2026 in Review
128 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in VanEck Bitcoin Trust (HODL) for Q2 2026, worth a combined $511M — up 16% from $439M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new HODL positions and 22 closed out — a net gain of 2 holders — while 44 added to existing stakes and 32 trimmed.
The largest buyer was VanEck Associates, adding an estimated $185M. The largest seller was Susquehanna International Group, cutting an estimated $24.4M.
- 128 institutional investors held VanEck Bitcoin Trust (HODL) as of Q2 2026, down from 129 in Q1 2026.
- Funds reported $511M of VanEck Bitcoin Trust stock for Q2 2026, up 16% quarter-over-quarter.
- 24 funds opened new VanEck Bitcoin Trust positions in Q2 2026 and 22 closed out, a net change of +2 holders.
- The largest VanEck Bitcoin Trust buyer in Q2 2026 was VanEck Associates, an estimated $185M added.
- The largest VanEck Bitcoin Trust seller in Q2 2026 was Susquehanna International Group, an estimated $24.4M sold.
Based on aggregated 13F filings for Q2 2026.