TeraWulf
WULF
274 hedge funds and large institutions have $930M invested in TeraWulf in 2025 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 105 increasing their positions, 70 reducing their positions, and 41 closing their positions.
123% more call options, than puts
Call options by funds: $211M | Put options by funds: $94.9M
79% more capital invested
Capital invested by funds: $520M → $930M (+$410M)
50% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 70
17% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 41
5.33% more ownership
Funds ownership: 50.05% → 55.39% (+5.3%)
1% more funds holding
Funds holding: 270 → 274 (+4)
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$17.6M |
| 2 |
Two Sigma Investments
New York
|
+$12.6M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$11.5M |
| 4 |
Morgan Stanley
New York
|
+$10.7M |
| 5 |
SAMU
SONA Asset Management (US)
New York
|
+$9.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$18.5M |
| 2 |
D.E. Shaw & Co
New York
|
-$14M |
| 3 |
GGI
Galaxy Group Investments
New York
|
-$6.83M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$6.69M |
| 5 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
-$4.53M |
WULF Hedge Fund Activity: Q2 2025 in Review
274 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in TeraWulf (WULF) for Q2 2025, worth a combined $930M — up 79% from $520M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new WULF positions and 41 closed out — a net gain of 7 holders — while 105 added to existing stakes and 70 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $17.6M. The largest seller was Dimensional Fund Advisors, cutting an estimated $18.5M.
- 274 institutional investors held TeraWulf (WULF) as of Q2 2025, up from 270 in Q1 2025.
- Funds reported $930M of TeraWulf stock for Q2 2025, up 79% quarter-over-quarter.
- 48 funds opened new TeraWulf positions in Q2 2025 and 41 closed out, a net change of +7 holders.
- The largest TeraWulf buyer in Q2 2025 was Jane Street, an estimated $17.6M added.
- The largest TeraWulf seller in Q2 2025 was Dimensional Fund Advisors, an estimated $18.5M sold.
Based on aggregated 13F filings for Q2 2025.