Marathon Digital Holdings
MARA
401 hedge funds and large institutions have $2.25B invested in Marathon Digital Holdings in 2025 Q4 according to their latest regulatory filings, with 99 funds opening new positions, 128 increasing their positions, 132 reducing their positions, and 82 closing their positions.
21% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 82
2% more funds holding
Funds holding: 392 → 401 (+9)
3% less repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 132
8.57% less ownership
Funds ownership: 74.88% → 66.31% (-8.6%)
25% less call options, than puts
Call options by funds: $652M | Put options by funds: $874M
56% less capital invested
Capital invested by funds: $5.07B → $2.25B (-$2.81B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$38.3M |
| 2 |
MCM
Massar Capital Management
Stamford,
Connecticut
|
+$24.1M |
| 3 |
VanEck Associates
New York
|
+$22.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$20.6M |
| 5 |
SG Americas Securities
New York
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
-$109M |
| 2 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$66.8M |
| 3 |
D.E. Shaw & Co
New York
|
-$65.3M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$64.5M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$51.4M |
MARA Hedge Fund Activity: Q4 2025 in Review
401 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in Marathon Digital Holdings (MARA) for Q4 2025, worth a combined $2.25B — down 56% from $5.07B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new MARA positions and 82 closed out — a net gain of 17 holders — while 128 added to existing stakes and 132 trimmed.
The largest buyer was Bank of America, adding an estimated $38.3M. The largest seller was Two Sigma Advisers, cutting an estimated $109M.
- 401 institutional investors held Marathon Digital Holdings (MARA) as of Q4 2025, up from 392 in Q3 2025.
- Funds reported $2.25B of Marathon Digital Holdings stock for Q4 2025, down 56% quarter-over-quarter.
- 99 funds opened new Marathon Digital Holdings positions in Q4 2025 and 82 closed out, a net change of +17 holders.
- The largest Marathon Digital Holdings buyer in Q4 2025 was Bank of America, an estimated $38.3M added.
- The largest Marathon Digital Holdings seller in Q4 2025 was Two Sigma Advisers, an estimated $109M sold.
Based on aggregated 13F filings for Q4 2025.