undamentalytics Newsletter

BTC Digital Ltd.: which funds bought and sold

Institutions that bought and sold BTC Digital shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 8 institutions that filed 13F reports for both quarters added to or opened positions in BTC Digital, and 6 cut or closed them. Together they added a net 1.0M shares, +316.0% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 404K shares (+1172.8%); index fund managers held the same number of shares overall. 6 opened a new position and 5 sold out entirely.

Bought, Q2 2026 8 institutions, 6 of them new holders Sold, Q2 2026 6 institutions, 5 of them sold out
Net change, all compared +1.0M shares (+316.0%)
Net change, active managers +404K shares (+1172.8%), 1 bought, 1 sold

Buyers versus sellers

institutions compared, 15
Active managers and hedge funds 1 bought · 1 sold · +404K
Index fund managers 0 bought · 0 sold · 0
Other institutions 7 bought · 5 sold · +644K

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
L1 Global Manager Pty Ltd +526K New position 526K $433,369
Hudson Bay Capital Management LP Hedge fund +439K New position 439K $334,205
Empery Asset Management, LP +351K New position 351K $288,912
Susquehanna International Group, LLP +32K New position 32K $26,664
Gts Securities LLC +17K New position 17K $14,291
Corecap Advisors, LLC +3,000 New position 3,000 $2,470
Northwestern Mutual Wealth Management Co +541 +6011.1% 550 $453
Sbi Securities Co., Ltd. +62 +0.7% 9,102 $7,495

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
UBS Group AG −236K −99.2% 1,967 $1,619
Citadel Advisors LLC Hedge fund −34K Sold out 0 —
Xtx Topco Ltd −18K Sold out 0 —
Citigroup Inc −17K Sold out 0 —
Two Sigma Securities, LLC −16K Sold out 0 —
Legacy Wealth Managment, LLC −17 Sold out 0 —

New positions

largest by value
InstitutionSharesValue June 30, 2026
L1 Global Manager Pty Ltd 526K $433,369
Hudson Bay Capital Management LPHedge fund 439K $334,205
Empery Asset Management, LP 351K $288,912
Susquehanna International Group, LLP 32K $26,664
Gts Securities LLC 17K $14,291
Corecap Advisors, LLC 3,000 $2,470

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Citadel Advisors LLCHedge fund 34K $38,595
Xtx Topco Ltd 18K $20,177
Citigroup Inc 17K $18,658
Two Sigma Securities, LLC 16K $17,902
Legacy Wealth Managment, LLC 17 $20

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
10
Ten largest holders
100.0%
of 13F-reported shares
Index fund managers
0.0%
of 13F-reported shares
Active managers and hedge funds
31.8%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 1 1 1 1 +404K +1172.8%
Index fund managers 0 0 0 0 0 —
Other institutions 7 5 5 4 +644K +216.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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