Hut 8
206 hedge funds and large institutions have $610M invested in Hut 8 in 2025 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 75 increasing their positions, 54 reducing their positions, and 39 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
96% more call options, than puts
Call options by funds: $83.6M | Put options by funds: $42.8M
39% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 54
15% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 39
1% more funds holding
Funds holding: 203 → 206 (+3)
3.95% less ownership
Funds ownership: 54.54% → 50.59% (-4%)
42% less capital invested
Capital invested by funds: $1.05B → $610M (-$437M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$28.5M |
| 2 |
JCM
JAT Capital Management
Greenwich,
Connecticut
|
+$25.4M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$15.3M |
| 4 |
MGP
M&G plc
London,
United Kingdom
|
+$13M |
| 5 |
BC
BIT Capital
Berlin,
Germany
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCAM
Jericho Capital Asset Management
New York
|
-$37.4M |
| 2 |
Voloridge Investment Management
Jupiter,
Florida
|
-$24.2M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$23M |
| 4 |
MCM
Moore Capital Management
New York
|
-$22.2M |
| 5 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$14.2M |
HUT Hedge Fund Activity: Q1 2025 in Review
206 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Hut 8 (HUT) for Q1 2025, worth a combined $610M — down 42% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new HUT positions and 39 closed out — a net gain of 6 holders — while 75 added to existing stakes and 54 trimmed.
The largest buyer was Qube Research & Technologies (QRT), adding an estimated $28.5M. The largest seller was Jericho Capital Asset Management, exiting entirely with an estimated $37.4M sold.
- 206 institutional investors held Hut 8 (HUT) as of Q1 2025, up from 203 in Q4 2024.
- Funds reported $610M of Hut 8 stock for Q1 2025, down 42% quarter-over-quarter.
- 45 funds opened new Hut 8 positions in Q1 2025 and 39 closed out, a net change of +6 holders.
- The largest Hut 8 buyer in Q1 2025 was Qube Research & Technologies (QRT), an estimated $28.5M added.
- The largest Hut 8 seller in Q1 2025 was Jericho Capital Asset Management, an estimated $37.4M sold.
Based on aggregated 13F filings for Q1 2025.