iShares Bitcoin Trust
IBIT
1,547 hedge funds and large institutions have $13.2B invested in iShares Bitcoin Trust in 2026 Q1 according to their latest regulatory filings, with 160 funds opening new positions, 768 increasing their positions, 395 reducing their positions, and 244 closing their positions.
94% more repeat investments, than reductions
Existing positions increased: 768 | Existing positions reduced: 395
16% more call options, than puts
Call options by funds: $7.82B | Put options by funds: $6.72B
3.13% less ownership
Funds ownership: 27.86% → 24.74% (-3.1%)
7% less funds holding
Funds holding: 1,659 → 1,547 (-112)
27% less funds holding in top 10
Funds holding in top 10: 107 → 78 (-29)
30% less capital invested
Capital invested by funds: $18.8B → $13.2B (-$5.65B)
34% less first-time investments, than exits
New positions opened: 160 | Existing positions closed: 244
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BHCM
Brevan Howard Capital Management
St. Helier,
Jersey
|
+$812M |
| 2 |
JP Morgan Chase
New York
|
+$228M |
| 3 |
Morgan Stanley
New York
|
+$166M |
| 4 |
Walleye Capital
New York
|
+$138M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$114M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$651M |
| 2 |
Jane Street
New York
|
-$625M |
| 3 |
CM
Capula Management
Grand Cayman,
Cayman Islands
|
-$471M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
-$249M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$239M |
IBIT Hedge Fund Activity: Q1 2026 in Review
1,547 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in iShares Bitcoin Trust (IBIT) for Q1 2026, worth a combined $13.2B — down 30% from $18.8B a quarter earlier.
Sellers outnumbered buyers: 244 funds closed out of IBIT and 160 opened new positions — a net loss of 84 holders — while 395 trimmed existing stakes and 768 added.
The largest buyer was Brevan Howard Capital Management, adding an estimated $812M. The largest seller was Millennium Management, cutting an estimated $651M.
- 1,547 institutional investors held iShares Bitcoin Trust (IBIT) as of Q1 2026, down from 1,659 in Q4 2025.
- Funds reported $13.2B of iShares Bitcoin Trust stock for Q1 2026, down 30% quarter-over-quarter.
- 160 funds opened new iShares Bitcoin Trust positions in Q1 2026 and 244 closed out, a net change of -84 holders.
- The largest iShares Bitcoin Trust buyer in Q1 2026 was Brevan Howard Capital Management, an estimated $812M added.
- The largest iShares Bitcoin Trust seller in Q1 2026 was Millennium Management, an estimated $651M sold.
Based on aggregated 13F filings for Q1 2026.