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iShares Bitcoin Trust

1,650 hedge funds and large institutions have $18.8B invested in iShares Bitcoin Trust in 2025 Q4 according to their latest regulatory filings, with 297 funds opening new positions, 789 increasing their positions, 395 reducing their positions, and 238 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 789 | Existing positions reduced: 395

29% more call options, than puts

Call options by funds: $10.6B | Put options by funds: $8.24B

25% more first-time investments, than exits

New positions opened: 297 | Existing positions closed: 238

2% more funds holding

Funds holding: 1,6221,650 (+28)

2.92% less ownership

Funds ownership: 30.76%27.84% (-2.9%)

20% less funds holding in top 10

Funds holding in top 10: 130104 (-26)

30% less capital invested

Capital invested by funds: $26.9B → $18.8B (-$8.03B)

Holders
1,650
Holders Change
+28
Holders Change %
+1.73%
% of All Funds
20.08%
Holding in Top 10
104
Holding in Top 10 Change
-26
Holding in Top 10 Change %
-20%
% of All Funds
1.27%
New
297
Increased
789
Reduced
395
Closed
238
Calls
$10.6B
Puts
$8.24B
Net Calls
+$2.38B
Net Calls Change
-$2.2B
Name Holding Trade Value Shares
Change
Change in
Stake
HCM
1201
Hilton Capital Management
New York
$268K +$306K +5,395 New
HF
1202
Holcombe Financial
Georgia
$268K +$5.68K +100 +2%
PA
1203
Pinnacle Associates
New York
$267K +$9.77K +172 +3%
BWP
1204
Balboa Wealth Partners
Arizona
$267K +$306K +5,384 New
CAM
1205
Claret Asset Management
Quebec, Canada
$267K
LFS
1206
Legacy Financial Strategies
Kansas
$267K +$61.4K +1,080 +25%
OFP
1207
OLIO Financial Planning
Virginia
$267K +$63.3K +1,115 +26%
MAM
1208
Madison Asset Management
Wisconsin
$267K +$96.6K +1,700 +46%
MFA
1209
Millington Financial Advisors
Illinois
$267K
CPA
1210
Capital Performance Advisors
California
$266K +$305K +5,362 New
RPCONE
1211
Retirement Planning Company of New England
Rhode Island
$265K -$16.9K -298 -5%
JSW
1212
Journey Strategic Wealth
New Jersey
$265K -$16.4M -288,777 -98%
JFG
1213
JMG Financial Group
Illinois
$265K -$170K -2,986 -36%
PGAM
1214
Princeton Global Asset Management
New Jersey
$265K -$35.2K -620 -10%
XF
1215
XML Financial
Maryland
$265K -$17.1K -301 -5%
VF
1216
Vawter Financial
Ohio
$264K
HIS
1217
Harvest Investment Services
Illinois
$264K +$7.9K +139 +3%
SWMG
1218
Signature Wealth Management Group
Georgia
$263K +$104K +1,836 +53%
KFSC
1219
Keystone Financial Services (Colorado)
Colorado
$262K +$99K +1,742 +49%
TWC
1220
TD Waterhouse Canada
Ontario, Canada
$262K -$66.4K -1,169 -18%
JJBC
1221
James J. Burns & Company
New York
$262K +$54.6K +961 +22%
CPW
1222
Cogent Private Wealth
Florida
$261K +$299K +5,266 New
CSB
1223
City State Bank
Iowa
$261K -$457K -8,040 -60%
TGAM
1224
TBH Global Asset Management
Tennessee
$260K +$60.6K +1,066 +26%
IWMO
1225
Integrated Wealth Management (Ohio)
Ohio
$260K +$297K +5,234 New