Marathon Digital Holdings
MARA
392 hedge funds and large institutions have $5.07B invested in Marathon Digital Holdings in 2025 Q3 according to their latest regulatory filings, with 82 funds opening new positions, 168 increasing their positions, 90 reducing their positions, and 48 closing their positions.
87% more repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 90
71% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 48
45% more capital invested
Capital invested by funds: $3.5B → $5.07B (+$1.56B)
10.88% more ownership
Funds ownership: 64.01% → 74.88% (+11%)
8% more funds holding
Funds holding: 362 → 392 (+30)
15% less call options, than puts
Call options by funds: $1.67B | Put options by funds: $1.96B
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
+$125M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$104M |
| 3 |
D.E. Shaw & Co
New York
|
+$99.9M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
+$85.9M |
| 5 |
MG
Marex Group
London,
|
+$75.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$36.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$34.9M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$34.6M |
| 4 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$22.1M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$21.4M |
MARA Hedge Fund Activity: Q3 2025 in Review
392 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Marathon Digital Holdings (MARA) for Q3 2025, worth a combined $5.07B — up 45% from $3.5B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new MARA positions and 48 closed out — a net gain of 34 holders — while 168 added to existing stakes and 90 trimmed.
The largest buyer was Two Sigma Advisers, opening a new position worth an estimated $125M. The largest seller was American Century Companies, cutting an estimated $36.4M.
- 392 institutional investors held Marathon Digital Holdings (MARA) as of Q3 2025, up from 362 in Q2 2025.
- Funds reported $5.07B of Marathon Digital Holdings stock for Q3 2025, up 45% quarter-over-quarter.
- 82 funds opened new Marathon Digital Holdings positions in Q3 2025 and 48 closed out, a net change of +34 holders.
- The largest Marathon Digital Holdings buyer in Q3 2025 was Two Sigma Advisers, an estimated $125M added.
- The largest Marathon Digital Holdings seller in Q3 2025 was American Century Companies, an estimated $36.4M sold.
Based on aggregated 13F filings for Q3 2025.