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HUT

Hut 8
HUT

137 hedge funds and large institutions have $645M invested in Hut 8 in 2024 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 36 increasing their positions, 25 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

217% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 18

201% more capital invested

Capital invested by funds: $215M → $645M (+$431M)

61% more call options, than puts

Call options by funds: $111M | Put options by funds: $68.6M

44% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 25

37% more funds holding

Funds holding: 100 → 137 (+37)

25.75% more ownership

Funds ownership: 21.89% → 47.65% (+26%)

Holders
137
Holders Change
+37
Holders Change %
+37%
% of All Funds
1.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
57
Increased
36
Reduced
25
Closed
18
Calls
$111M
Puts
$68.6M
Net Calls
+$42M
Net Calls Change
+$27.2M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$55.7M
2
MCM
Moore Capital Management
New York
+$30.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$27.1M
4
CHP
Castle Hook Partners
New York
+$24M
5
State Street
State Street
Massachusetts
+$15.3M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$26M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$13.2M
3
AFM
Anson Funds Management
Texas
-$2.76M
4
Goldman Sachs
Goldman Sachs
New York
-$1.91M
5
BC
BIT Capital
Germany
-$1.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wolverine Trading
76
Wolverine Trading
Illinois
$402K +$258K +26,849 New
VOYA Investment Management
77
VOYA Investment Management
Georgia
$401K +$257K +26,722 New
Lazard Asset Management
78
Lazard Asset Management
New York
$381K +$245K +25,463 New
ASRS
79
Arizona State Retirement System
Arizona
$337K +$216K +22,483 New
MIM
80
MetLife Investment Management
New Jersey
$306K +$196K +20,395 New
CC
81
Clearline Capital
New York
$280K +$180K +18,709 New
Citigroup
82
Citigroup
New York
$271K -$589K -61,203 -77%
State Board of Administration of Florida Retirement System
83
State Board of Administration of Florida Retirement System
Florida
$258K +$165K +17,190 New
IMC Chicago
84
IMC Chicago
Illinois
$250K +$160K +16,653 New
TWM
85
Triton Wealth Management
Arizona
$248K -$144 -15 -0.1%
RWM
86
Ritholtz Wealth Management
New York
$241K – – –
KAS
87
Kestra Advisory Services
Texas
$239K +$153K +15,919 New
NA
88
NewEdge Advisors
Louisiana
$225K +$142K +14,788 +5,892%
SO
89
STRS Ohio
Ohio
$223K +$143K +14,900 New
BNP Paribas Financial Markets
90
BNP Paribas Financial Markets
France
$223K -$792K -82,263 -85%
Pictet Asset Management
91
Pictet Asset Management
Switzerland
$220K +$41.2K +4,276 +41%
FAIM
92
Financial Advocates Investment Management
Washington
$220K +$4.81K +500 +4%
Capstone Investment Advisors
93
Capstone Investment Advisors
New York
$216K +$139K +14,416 New
Zurich Cantonal Bank
94
Zurich Cantonal Bank
Switzerland
$213K +$29.9K +3,105 +28%
Dimensional Fund Advisors
95
Dimensional Fund Advisors
Texas
$200K +$129K +13,373 New
Wellington Management Group
96
Wellington Management Group
Massachusetts
$200K -$70.1K -7,283 -35%
BBVA
97
Banco Bilbao Vizcaya Argentaria
Spain
$194K -$28.1K -2,923 -18%
CI Investments Inc
98
CI Investments Inc
Ontario, Canada
$174K +$64.1K +6,662 +135%
Mitsubishi UFJ Asset Management
99
Mitsubishi UFJ Asset Management
Japan
$169K -$53.8K -5,592 -33%
Victory Capital Management
100
Victory Capital Management
Texas
$154K +$99.2K +10,305 New
2 3
4
5 6

HUT Hedge Fund Activity: Q2 2024 in Review

137 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Hut 8 (HUT) for Q2 2024, worth a combined $645M — up 201% from $215M a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new HUT positions and 18 closed out — a net gain of 39 holders — while 36 added to existing stakes and 25 trimmed.

The largest buyer was BlackRock, adding an estimated $55.7M. The largest seller was Fidelity Investments, exiting entirely with an estimated $26M sold.

  • 137 institutional investors held Hut 8 (HUT) as of Q2 2024, up from 100 in Q1 2024.
  • Funds reported $645M of Hut 8 stock for Q2 2024, up 201% quarter-over-quarter.
  • 57 funds opened new Hut 8 positions in Q2 2024 and 18 closed out, a net change of +39 holders.
  • The largest Hut 8 buyer in Q2 2024 was BlackRock, an estimated $55.7M added.
  • The largest Hut 8 seller in Q2 2024 was Fidelity Investments, an estimated $26M sold.

Based on aggregated 13F filings for Q2 2024.