Hut 8
160 hedge funds and large institutions have $571M invested in Hut 8 in 2024 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 45 increasing their positions, 37 reducing their positions, and 23 closing their positions.
104% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 23
56% more call options, than puts
Call options by funds: $71M | Put options by funds: $45.4M
22% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 37
17% more funds holding
Funds holding: 137 → 160 (+23)
3.19% more ownership
Funds ownership: 47.65% → 50.84% (+3.2%)
12% less capital invested
Capital invested by funds: $645M → $571M (-$74.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCM
JAT Capital Management
Greenwich,
Connecticut
|
+$35M |
| 2 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$16.4M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$10.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.13M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$6.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHP
Castle Hook Partners
New York
|
-$37.3M |
| 2 |
MCM
Moore Capital Management
New York
|
-$18.5M |
| 3 |
JP Morgan Chase
New York
|
-$15.4M |
| 4 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$8.56M |
| 5 |
Millennium Management
New York
|
-$6.66M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Capstone Investment Advisors
New York
| – | -$216K | -14,416 | Closed |
|
177
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$52.7K | -3,473 | Closed |
|
|
FIA
178
FNY Investment Advisers
New York
| – | -$36K | -2,440 | Closed |
|
|
RWMG
179
Redwood Wealth Management Group
Medford,
New Jersey
| – | -$24K | -1,600 | Closed |
|
|
CC
180
Cypress Capital
Franklin,
Tennessee
| – | -$1.2K | -80 | Closed |
|
|
AF
181
Aviso Financial
Toronto,
Ontario, Canada
| – | -$517 | -35 | Closed |
|
|
AF
182
Advisornet Financial
Minnetonka,
Minnesota
| – | -$60 | -4 | Closed |
|
|
C
183
Covestor
London,
United Kingdom
| – | +$80 | +6 | New |
|
HUT Hedge Fund Activity: Q3 2024 in Review
160 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Hut 8 (HUT) for Q3 2024, worth a combined $571M — down 12% from $645M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new HUT positions and 23 closed out — a net gain of 24 holders — while 45 added to existing stakes and 37 trimmed.
The largest buyer was JAT Capital Management, opening a new position worth an estimated $35M. The largest seller was Castle Hook Partners, exiting entirely with an estimated $37.3M sold.
- 160 institutional investors held Hut 8 (HUT) as of Q3 2024, up from 137 in Q2 2024.
- Funds reported $571M of Hut 8 stock for Q3 2024, down 12% quarter-over-quarter.
- 47 funds opened new Hut 8 positions in Q3 2024 and 23 closed out, a net change of +24 holders.
- The largest Hut 8 buyer in Q3 2024 was JAT Capital Management, an estimated $35M added.
- The largest Hut 8 seller in Q3 2024 was Castle Hook Partners, an estimated $37.3M sold.
Based on aggregated 13F filings for Q3 2024.