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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
ETC
26
Exchange Traded Concepts
Oklahoma
$4.54M +$1.54M +346,750 +26%
Mirae Asset Global ETFs Holdings
27
Mirae Asset Global ETFs Holdings
Hong Kong
$4.41M +$831K +186,541 +13%
Point72 Asset Management
28
Point72 Asset Management
Connecticut
$4.37M -$5.75M -1,291,640 -45%
First Trust Advisors
29
First Trust Advisors
Illinois
$4.13M +$541K +121,447 +9%
VCM
30
Vennlight Capital Management
Connecticut
$4.09M +$5.1M +1,145,874 +326%
STP
31
Science & Technology Partners
New York
$3.83M -$8.4M -1,884,819 -57%
QT
32
Quantbot Technologies
New York
$3.7M +$6.04M +1,356,070 New
Walleye Capital
33
Walleye Capital
New York
$3.68M +$6M +1,347,717 New
Marshall Wace
34
Marshall Wace
United Kingdom
$3.63M +$5.51M +1,235,692 +1,323%
AWM
35
Axxcess Wealth Management
California
$2.73M – – –
ACM
36
Aurelius Capital Management
New York
$2.52M +$4.11M +923,031 New
CAM
37
Cresset Asset Management
Illinois
$2.4M +$3.83M +858,837 +3,931%
CM
38
CastleKnight Management
New York
$2.39M +$2.95M +661,700 +309%
CF
39
Cantor Fitzgerald
New York
$2.23M +$3.63M +815,880 New
CSS
40
Cubist Systematic Strategies
Connecticut
$2.18M +$3.56M +798,918 New
Bank of New York Mellon
41
Bank of New York Mellon
New York
$1.98M -$85K -19,090 -3%
State of Wisconsin Investment Board
42
State of Wisconsin Investment Board
Wisconsin
$1.86M +$1.19M +266,439 +64%
Wealth Enhancement Advisory Services
43
Wealth Enhancement Advisory Services
Minnesota
$1.86M -$5.29K -1,187 -0.2%
Group One Trading
44
Group One Trading
Illinois
$1.85M -$10.9M -2,450,395 -78%
UIC
45
Uniplan Investment Counsel
Wisconsin
$1.84M +$518K +116,341 +21%
Universal-Beteiligungs- und Servicegesellschaft
46
Universal-Beteiligungs- und Servicegesellschaft
Germany
$1.82M -$3.01M -675,292 -50%
MCM
47
Moore Capital Management
New York
$1.82M -$14.1M -3,160,170 -83%
PC
48
ParaFi Capital
New York
$1.78M -$891K -200,000 -24%
N
49
Nuveen
North Carolina
$1.77M -$146K -32,780 -5%
JP Morgan Chase
50
JP Morgan Chase
New York
$1.59M -$1.19M -266,023 -31%
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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.