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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$48.9M |
| 2 |
D.E. Shaw & Co
New York
|
+$20.2M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$15.8M |
| 4 |
GGI
Galaxy Group Investments
New York
|
+$8.97M |
| 5 |
VanEck Associates
New York
|
+$8.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
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
Chicago,
Illinois
|
-$11M |
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.