Hut 8
100 hedge funds and large institutions have $215M invested in Hut 8 in 2024 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 37 increasing their positions, 15 reducing their positions, and 30 closing their positions.
147% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 15
88% more capital invested
Capital invested by funds: $114M → $215M (+$100M)
29% more call options, than puts
Call options by funds: $66.5M | Put options by funds: $51.7M
12.33% more ownership
Funds ownership: 9.56% → 21.89% (+12%)
6% less funds holding
Funds holding: 106 → 100 (-6)
20% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 30
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$24.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$20.6M |
| 3 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$14.5M |
| 4 |
BC
BIT Capital
Berlin,
Germany
|
+$13.3M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$8.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$4.91M |
| 2 |
Morgan Stanley
New York
|
-$3.95M |
| 3 |
Two Sigma Investments
New York
|
-$2.29M |
| 4 |
AFM
Anson Funds Management
Dallas,
Texas
|
-$2.19M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$1.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
US Bancorp
Minneapolis,
Minnesota
| – | -$4.42K | -331 | Closed |
|
|
S
127
SignatureFD
Atlanta,
Georgia
| – | -$4.24K | -318 | Closed |
|
|
PS
128
Principal Securities
Des Moines,
Iowa
| – | -$3.39K | -254 | Closed |
|
129
Simplex Trading
Chicago,
Illinois
| – | -$1.75K | -199 | Closed |
|
|
AF
130
Advisornet Financial
Minnetonka,
Minnesota
| – | -$2K | -150 | Closed |
|
HUT Hedge Fund Activity: Q1 2024 in Review
100 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Hut 8 (HUT) for Q1 2024, worth a combined $215M — up 88% from $114M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of HUT and 24 opened new positions — a net loss of 6 holders — while 15 trimmed existing stakes and 37 added.
The largest buyer was Vanguard Group, adding an estimated $24.2M. The largest seller was Mirae Asset Global Investments, exiting entirely with an estimated $4.91M sold.
- 100 institutional investors held Hut 8 (HUT) as of Q1 2024, down from 106 in Q4 2023.
- Funds reported $215M of Hut 8 stock for Q1 2024, up 88% quarter-over-quarter.
- 24 funds opened new Hut 8 positions in Q1 2024 and 30 closed out, a net change of -6 holders.
- The largest Hut 8 buyer in Q1 2024 was Vanguard Group, an estimated $24.2M added.
- The largest Hut 8 seller in Q1 2024 was Mirae Asset Global Investments, an estimated $4.91M sold.
Based on aggregated 13F filings for Q1 2024.