Hut 8
201 hedge funds and large institutions have $1.03B invested in Hut 8 in 2025 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 84 increasing their positions, 42 reducing their positions, and 46 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
100% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 42
69% more capital invested
Capital invested by funds: $610M → $1.03B (+$421M)
50% more call options, than puts
Call options by funds: $191M | Put options by funds: $128M
2.57% more ownership
Funds ownership: 50.59% → 53.16% (+2.6%)
9% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 46
2% less funds holding
Funds holding: 206 → 201 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$33.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.5M |
| 3 |
VARA
Value Aligned Research Advisors
Princeton,
New Jersey
|
+$13.8M |
| 4 |
BlackRock
New York
|
+$9.79M |
| 5 |
Millennium Management
New York
|
+$7.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCM
JAT Capital Management
Greenwich,
Connecticut
|
-$35M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$23.3M |
| 3 |
D.E. Shaw & Co
New York
|
-$10.1M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$9.53M |
| 5 |
MGP
M&G plc
London,
United Kingdom
|
-$8.33M |
HUT Hedge Fund Activity: Q2 2025 in Review
201 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Hut 8 (HUT) for Q2 2025, worth a combined $1.03B — up 69% from $610M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of HUT and 42 opened new positions — a net loss of 4 holders — while 42 trimmed existing stakes and 84 added.
The largest buyer was Ameriprise, adding an estimated $33.9M. The largest seller was JAT Capital Management, cutting an estimated $35M.
- 201 institutional investors held Hut 8 (HUT) as of Q2 2025, down from 206 in Q1 2025.
- Funds reported $1.03B of Hut 8 stock for Q2 2025, up 69% quarter-over-quarter.
- 42 funds opened new Hut 8 positions in Q2 2025 and 46 closed out, a net change of -4 holders.
- The largest Hut 8 buyer in Q2 2025 was Ameriprise, an estimated $33.9M added.
- The largest Hut 8 seller in Q2 2025 was JAT Capital Management, an estimated $35M sold.
Based on aggregated 13F filings for Q2 2025.