Hut 8
319 hedge funds and large institutions have $3.51B invested in Hut 8 in 2025 Q4 according to their latest regulatory filings, with 111 funds opening new positions, 96 increasing their positions, 85 reducing their positions, and 48 closing their positions.
131% more first-time investments, than exits
New positions opened: 111 | Existing positions closed: 48
88% more funds holding in top 10
Funds holding in top 10: 8 → 15 (+7)
62% more call options, than puts
Call options by funds: $927M | Put options by funds: $572M
46% more capital invested
Capital invested by funds: $2.4B → $3.51B (+$1.1B)
21% more funds holding
Funds holding: 263 → 319 (+56)
13% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 85
6.5% more ownership
Funds ownership: 65.67% → 72.16% (+6.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SRS Investment Management
New York
|
+$127M |
| 2 |
SHCM
Sachem Head Capital Management
New York
|
+$125M |
| 3 |
OMC
Oasis Management Company
Grand Cayman,
Cayman Islands
|
+$88.4M |
| 4 |
JP Morgan Chase
New York
|
+$65.9M |
| 5 |
VARA
Value Aligned Research Advisors
Princeton,
New Jersey
|
+$37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$61.7M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$47.4M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$46.3M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$41.6M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$39.4M |
HUT Hedge Fund Activity: Q4 2025 in Review
319 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Hut 8 (HUT) for Q4 2025, worth a combined $3.51B — up 46% from $2.4B a quarter earlier.
Buyers outnumbered sellers: 111 funds opened new HUT positions and 48 closed out — a net gain of 63 holders — while 96 added to existing stakes and 85 trimmed.
The largest buyer was SRS Investment Management, opening a new position worth an estimated $127M. The largest seller was Jane Street, cutting an estimated $61.7M.
- 319 institutional investors held Hut 8 (HUT) as of Q4 2025, up from 263 in Q3 2025.
- Funds reported $3.51B of Hut 8 stock for Q4 2025, up 46% quarter-over-quarter.
- 111 funds opened new Hut 8 positions in Q4 2025 and 48 closed out, a net change of +63 holders.
- The largest Hut 8 buyer in Q4 2025 was SRS Investment Management, an estimated $127M added.
- The largest Hut 8 seller in Q4 2025 was Jane Street, an estimated $61.7M sold.
Based on aggregated 13F filings for Q4 2025.