Which hedge funds own GBTC? GRAYSCALE BITCOIN TRUST ETF, Q2 2026 13F holders
12 tracked hedge funds disclosed a position in GBTC (GRAYSCALE BITCOIN TRUST ETF) in their Q2 2026 13F filings, worth $591.3m in total. The largest holder by portfolio weight is Horizon Kinetics (Murray Stahl) at 6.3% of its book. 1 opened a new position this quarter: Citadel Advisors LLC. 3 exited: Seldon Capital LP, Wilmar Advisors LLC, Renaissance Technologies LLC.
- 12
- Holders Tracked managers whose filing for the quarter reports a long equity position in the security.
- 1
- New this quarter Holders whose previous filing (at most two quarters earlier) did not report the security.
- 3
- Exited this quarter Tracked managers whose previous filing reported the security and whose filing for the quarter does not.
- $14.3m
- Inflow, new holders Combined value of the positions the new holders reported for the quarter.
- $6.3m
- Outflow, exits Combined value the exiting managers reported for the security in their previous filing.
- $591m
- Combined value Sum of the holders' reported positions in the security.
- 1.0%
- Share of managers holding Holders as a share of tracked managers filing for that quarter. Comparable across the 2024 coverage expansion, where the raw holder count is not.
Holders, Q2 2026
| Horizon Kinetics (Murray Stahl) Long-only investor | 6.3% | −13% | reduced |
| Once Capital Management, LLC Hedge fund | 1.0% | 0.0% | held |
| ACT Capital Management, LLC Hedge fund | 0.5% | 0.0% | held |
| Pilgrim Partners Asia Pte Ltd Hedge fund | 0.5% | 0.0% | held |
| Lakewood Capital Management, LP Hedge fund | 0.3% | 0.0% | held |
| ICONIQ Capital, LLC Hedge fund | 0.1% | 0.0% | held |
| Granville Capital, Inc. Hedge fund | 0.1% | 0.0% | held |
| Citadel Advisors LLC Hedge fund | 0.01% | – | new |
| Millennium Management LLC Hedge fund | 0.0% | 0.0% | held |
| Qube Research & Technologies Ltd Hedge fund | 0.0% | −52% | reduced |
| Schonfeld Strategic Advisors LLC Hedge fund | 0.0% | 0.0% | held |
| CVA Family Office, LLC Family office | 0.0% | 0.0% | held |
Exited since the previous filing
| Seldon Capital LP | 1.1% | $3.0m |
| Wilmar Advisors LLC | 0.1% | $116k |
| Renaissance Technologies LLC | 0.01% | $3.2m |
Ownership over time
Who discovered GBTC first? Beta
The run: Q1 2020 → Q1 2021, +603%
| Multicoin Capital Management, LLC high conviction | Q1 2025 | – | +27.5 pts |
| Horizon Kinetics (Murray Stahl) high conviction | Q4 2023 | – | +15.0 pts |
| Aristides Capital LLC high conviction | Q1 2023 | – | +11.2 pts |
| Seldon Capital LP | Q1 2024 | – | +0.5 pts |
| Once Capital Management, LLC | Q1 2024 | – | +0.1 pts |
| Spark Investment Management LLC high conviction | Q1 2024 | – | −0.9 pts |
| Discovery Capital Management, LLC high conviction | Q1 2024 | – | −1.9 pts |
| Hunting Hill Global Capital, LLC high conviction | Q1 2024 | – | −2.0 pts |
Split-adjusted quarter-end prices, excluding dividends. They describe the stock while each manager held it, not the return it earned.