Marathon Digital Holdings
MARA
363 hedge funds and large institutions have $3.5B invested in Marathon Digital Holdings in 2025 Q2 according to their latest regulatory filings, with 65 funds opening new positions, 156 increasing their positions, 92 reducing their positions, and 48 closing their positions.
194% more capital inflows, than outflows
Capital inflows: $470M | Capital outflows: $160M
70% more repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 92
35% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 48
4.97% more ownership
Funds ownership: 59.03% → 64.01% (+5%)
4% more funds holding
Funds holding: 348 → 363 (+15)
29% less call options, than puts
Call options by funds: $874M | Put options by funds: $1.23B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marex Group
London,
|
+$70M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$54.5M |
| 3 |
Galaxy Group Investments
New York
|
+$28.6M |
| 4 |
Renaissance Technologies
New York
|
+$25.9M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$23.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$40M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
-$14.8M |
| 3 |
JP Morgan Chase
New York
|
-$13.4M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$6.25M |
| 5 |
Private Advisor Group
Morristown,
New Jersey
|
-$5.4M |
MARA Hedge Fund Activity: Q2 2025 in Review
363 of the 7,627 institutional investors tracked by Wall St. Rank reported a position in Marathon Digital Holdings (MARA) for Q2 2025, worth a combined $3.5B — up 49% from $2.35B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new MARA positions and 48 closed out — a net gain of 17 holders — while 156 added to existing stakes and 92 trimmed.
The largest buyer was Marex Group, adding an estimated $70M. The largest seller was Morgan Stanley, cutting an estimated $40M.
- 363 institutional investors held Marathon Digital Holdings (MARA) as of Q2 2025, up from 348 in Q1 2025.
- Funds reported $3.5B of Marathon Digital Holdings stock for Q2 2025, up 49% quarter-over-quarter.
- 65 funds opened new Marathon Digital Holdings positions in Q2 2025 and 48 closed out, a net change of +17 holders.
- The largest Marathon Digital Holdings buyer in Q2 2025 was Marex Group, an estimated $70M added.
- The largest Marathon Digital Holdings seller in Q2 2025 was Morgan Stanley, an estimated $40M sold.
Based on aggregated 13F filings for Q2 2025.