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TeraWulf
WULF

270 hedge funds and large institutions have $520M invested in TeraWulf in 2025 Q1 according to their latest regulatory filings, with 69 funds opening new positions, 87 increasing their positions, 77 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

217% more call options, than puts

Call options by funds: $139M | Put options by funds: $43.8M

13% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 61

13% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 77

3% more funds holding

Funds holding: 263 → 270 (+7)

1.05% more ownership

Funds ownership: 49.01% → 50.05% (+1%)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

51% less capital invested

Capital invested by funds: $1.07B → $520M (-$550M)

Holders
270
Holders Change
+7
Holders Change %
+2.66%
% of All Funds
3.62%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.07%
New
69
Increased
87
Reduced
77
Closed
61
Calls
$139M
Puts
$43.8M
Net Calls
+$94.8M
Net Calls Change
-$120M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$48.9M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$20.2M
3
HCM
Hodges Capital Management
Texas
+$15.8M
4
GGI
Galaxy Group Investments
New York
+$8.97M
5
VanEck Associates
VanEck Associates
New York
+$8.75M

Top Sellers

Rank Fund Capital Flow
1
DCM
Driehaus Capital Management
Illinois
-$72.1M
2
SIG
Senator Investment Group
New York
-$18.6M
3
MCM
Moore Capital Management
New York
-$14.1M
4
ZDA
Zweig-DiMenna Associates
New York
-$12.5M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$11M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPC
276
Lone Pine Capital
Connecticut
– -$8.38M -1,480,928 Closed
DFO
277
Duquesne Family Office
New York
– -$8.33M -1,472,225 Closed
GDCM
278
Galaxy Digital Capital Management
New York
– -$7.95M -1,404,015 Closed
GCM
279
GeoSphere Capital Management
Florida
– -$3.68M -650,000 Closed
SAMU
280
SONA Asset Management (US)
New York
– -$2.83M -500,000 Closed
EI
281
EAM Investors
California
– -$2.51M -444,094 Closed
IECM
282
Intrinsic Edge Capital Management
Illinois
– -$2.29M -403,733 Closed
CM
283
Castleark Management
Illinois
– -$1.71M -301,970 Closed
FEG
284
Financial Enhancement Group
Indiana
– -$1.27M -244,999 Closed
Voloridge Investment Management
285
Voloridge Investment Management
Florida
– -$1.37M -242,808 Closed
MC
286
Metavasi Capital
New York
– -$1.13M -200,000 Closed
AWAM
287
Appian Way Asset Management
New York
– -$1.1M -194,623 Closed
HCA
288
Harbour Capital Advisors
Virginia
– -$933K -150,030 Closed
AG
289
Algert Global
California
– -$551K -97,350 Closed
PCM
290
Prelude Capital Management
New York
– -$536K -94,719 Closed
CCS
291
Concentric Capital Strategies
Connecticut
– -$530K -93,722 Closed
QC
292
Quadrature Capital
United Kingdom
– -$527K -92,975 Closed
VF
293
Virtu Financial
New York
– -$469K -82,858 Closed
EGM
294
Engineers Gate Manager
New York
– -$442K -78,117 Closed
WHGC
295
Wealth High Governance Capital
Brazil
– -$353K -62,402 Closed
SRL
296
Scientech Research LLC
New Jersey
– -$310K -54,734 Closed
IC
297
IEQ Capital
California
– -$285K -50,401 Closed
CC
298
Centiva Capital
New York
– -$271K -47,835 Closed
OAM
299
Oxford Asset Management
United Kingdom
– -$228K -40,324 Closed
NL
300
NKCFO LLC
Illinois
– -$226K -40,000 Closed
10 11
12
13 14

WULF Hedge Fund Activity: Q1 2025 in Review

270 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in TeraWulf (WULF) for Q1 2025, worth a combined $520M — down 51% from $1.07B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new WULF positions and 61 closed out — a net gain of 8 holders — while 87 added to existing stakes and 77 trimmed.

The largest buyer was Bank of America, adding an estimated $48.9M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $72.1M sold.

  • 270 institutional investors held TeraWulf (WULF) as of Q1 2025, up from 263 in Q4 2024.
  • Funds reported $520M of TeraWulf stock for Q1 2025, down 51% quarter-over-quarter.
  • 69 funds opened new TeraWulf positions in Q1 2025 and 61 closed out, a net change of +8 holders.
  • The largest TeraWulf buyer in Q1 2025 was Bank of America, an estimated $48.9M added.
  • The largest TeraWulf seller in Q1 2025 was Driehaus Capital Management, an estimated $72.1M sold.

Based on aggregated 13F filings for Q1 2025.