Vault-13

ARK 21SHARES BITCOIN ETF ARKB

SHS BEN INT · ETP · CUSIP 040919102

171 institutional holders -2 vs Q3 2025
35,479,77835.5m shares reported held*
$1.0bnreported value*
19 new 64 added 39 reduced 31 sold out net sold ≈ $224.0m (-7.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($940.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.05. Options: 7 managers hold calls ($12.7m notional), 5 hold puts ($4.8m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q1 24: 79Q2 24: 106Q3 24: 107Q4 24: 144Q1 25: 149Q2 25: 162Q3 25: 173Q4 25: 171171Q1 24Q3 24Q1 25Q3 25Q4 25
Numbers
QuarterHolders
Q1 202479
Q2 2024106
Q3 2024107
Q4 2024144
Q1 2025149
Q2 2025162
Q3 2025173
Q4 2025171

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q2 24: 67 bought or addedQ2 24: 24 cut or sold outQ2 24Q3 24: 58 bought or addedQ3 24: 40 cut or sold outQ4 24: 70 bought or addedQ4 24: 43 cut or sold outQ4 24Q1 25: 80 bought or addedQ1 25: 64 cut or sold outQ2 25: 76 bought or addedQ2 25: 67 cut or sold outQ2 25Q3 25: 87 bought or addedQ3 25: 55 cut or sold outQ4 25: 83 bought or addedQ4 25: 70 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q2 20246724
Q3 20245840
Q4 20247043
Q1 20258064
Q2 20257667
Q3 20258755
Q4 20258370

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ1 25 calls: $25.1mQ1 25 puts: $6.4mQ1 25P/C 0.26Q2 25 calls: $39.1mQ2 25 puts: $21.8mQ2 25P/C 0.56Q3 25 calls: $22.6mQ3 25 puts: $15.4mQ3 25P/C 0.68Q4 25 calls: $12.7mQ4 25 puts: $4.8mQ4 25P/C 0.38
Numbers
QuarterCallsPutsP/C
Q1 2025$25.1m$6.4m0.26
Q2 2025$39.1m$21.8m0.56
Q3 2025$22.6m$15.4m0.68
Q4 2025$12.7m$4.8m0.38

Biggest buyers

Schonfeld Strategic Advisors LLC Added +782,428+782.4k
ARK Investment Management LLC Added +548,789+548.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +476,601+476.6k
MILLENNIUM MANAGEMENT LLC Added +354,014+354.0k
HSBC HOLDINGS PLC Added +180,000+180.0k
BIP Wealth, LLC New +139,661+139.7k
RENAISSANCE TECHNOLOGIES LLC Added +81,000+81.0k
MORGAN STANLEY Added +76,100+76.1k
CITADEL ADVISORS LLC Added +73,206+73.2k
Farringdon Capital, Ltd. Added +50,610+50.6k

Biggest sellers

JANE STREET GROUP, LLC Reduced -6,479,262-6.5m
HBK INVESTMENTS L P Reduced -1,285,150-1.3m
Apollo Management Holdings, L.P. Sold out -1,275,000-1.3m
Elequin Capital, LP Reduced -359,838-359.8k
Galaxy Group Investments LLC Reduced -175,180-175.2k
KALEIDOSCOPE CAPITAL LP Reduced -168,809-168.8k
SIMPLEX TRADING, LLC Reduced -168,239-168.2k
Strategic Blueprint, LLC Sold out -147,429-147.4k
Aristides Capital LLC Reduced -146,150-146.2k
SIH Partners, LLLP Sold out -84,774-84.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.5m187.8k shares
CITADEL ADVISORS LLC Reduced $3.0m102.9k shares
IMC-Chicago, LLC New $2.6m88.8k shares
JANE STREET GROUP, LLC Reduced $1.2m40.0k shares
SIMPLEX TRADING, LLC Reduced $386.2k13.3k shares
Walleye Trading LLC New $52.3k1.8k shares
GROUP ONE TRADING LLC Reduced $34.8k1.2k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $2.3m80.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m37.9k shares
IMC-Chicago, LLC New $618.6k21.3k shares
SIMPLEX TRADING, LLC Reduced $543.0k18.7k shares
Walleye Trading LLC New $168.4k5.8k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARK Investment Management LLC 1.32% of their portfolio ST. PETERSBURG, FL 6,871,5056.9m $199.5m $199.5m 1.32% Added +548.8k +548,789
2 Galaxy Group Investments LLC 20.63% of their portfolio NEW YORK, NY 5,117,5005.1m $148.6m $148.6m 20.63% Reduced -175.2k -175,180
3 Schonfeld Strategic Advisors LLC 0.70% of their portfolio NEW YORK, NY 4,768,7074.8m $138.5m $138.5m 0.70% Added +782.4k +782,428
4 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 4,314,1384.3m $125.3m $125.3m 0.09% Added +354.0k +354,014
5 Intesa Sanpaolo S.p.A. 4.68% of their portfolio TURIN, L6 2,488,7652.5m $72.6m $72.6m 4.68% First filing
6 HBK INVESTMENTS L P 0.62% of their portfolio DALLAS, TX 1,966,8872.0m $57.1m $57.1m 0.62% Reduced -1.3m -1,285,150
7 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 1,776,0311.8m $51.6m $51.6m 0.06% Reduced -6.5m -6,479,262
8 KALEIDOSCOPE CAPITAL LP 8.00% of their portfolio BOSTON, MA 721,208721.2k $20.9m $20.9m 8.00% Reduced -168.8k -168,809
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 518,390518.4k $15.1m $15.1m 0.02% Added +476.6k +476,601
10 Cyndeo Wealth Partners, LLC 0.65% of their portfolio ST. PETERSBURG, FL 413,772413.8k $12.0m $12.0m 0.65% Added +17.4k +17,421
11 TITLEIST ASSET MANAGEMENT, LLC 0.91% of their portfolio SAN ANTONIO, TX 386,051386.1k $11.2m $11.2m 0.91% Reduced -3.1k -3,093
12 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 360,000360.0k $10.5m $10.5m 0.00% Added +180.0k +180,000
13 STATE OF MICHIGAN RETIREMENT SYSTEM 0.04% of their portfolio EAST LANSING, MI 300,000300.0k $8.7m $8.7m 0.04% Unchanged
14 DRW Securities, LLC 0.58% of their portfolio CHICAGO, IL 262,193262.2k $7.6m $7.6m 0.58% Added +2.8k +2,789
15 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 234,169234.2k $6.8m $6.8m 0.00% Added +73.2k +73,206
16 Palatine Hill Wealth Management, LLC 4.94% of their portfolio BIRMINGHAM, MI 210,881210.9k $6.1m $6.1m 4.94% First filing
17 MADDEN SECURITIES Corp 1.78% of their portfolio DALLAS, TX 201,359201.4k $5.8m $5.8m 1.78% Reduced -22.0k -22,005
18 Dakota Wealth Management 0.09% of their portfolio PALM BEACH GARDENS, FL 180,299180.3k $5.2m $5.2m 0.09% Reduced -7.7k -7,702
19 Farringdon Capital, Ltd. 1.23% of their portfolio LONDON, X0 172,183172.2k $5.0m $5.0m 1.23% Added +50.6k +50,610
20 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 170,603170.6k $5.0m $5.0m 0.01% Added +43.6k +43,565
21 Blue Trust, Inc. 0.05% of their portfolio BRENTWOOD, TN 163,403163.4k $4.7m $4.7m 0.05% Added +33.9k +33,872
22 INTERCAPITAL, LLC 2.44% of their portfolio AUSTIN, TX 160,000160.0k $4.6m $4.6m 2.44% First filing
23 BIP Wealth, LLC 0.14% of their portfolio ATLANTA, GA 139,661139.7k $4.1m $4.1m 0.14% New
24 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 127,600127.6k $3.7m $3.7m 0.01% Added +81.0k +81,000
25 Concurrent Investment Advisors, LLC 0.04% of their portfolio Tampa, FL 124,600124.6k $3.6m $3.6m 0.04% Reduced -762 -762
26 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 111,701111.7k $3.2m $3.2m 0.01% Reduced -28.4k -28,376
27 BENJAMIN EDWARDS INC 0.03% of their portfolio Clayton, MO 104,781104.8k $3.0m $3.0m 0.03% Reduced -9.1k -9,079
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 104,454104.5k $3.0m $3.0m 0.00% Added +10.9k +10,927
29 Bayshore Capital Advisors, LLC 1.45% of their portfolio TAMPA, FL 100,000100.0k $2.9m $2.9m 1.45% First filing
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 99,999100.0k $2.9m $2.9m 0.00% Added +76.1k +76,100
31 MEITAV INVESTMENT HOUSE LTD 0.03% of their portfolio BENE-BERAQ, L3 97,66097.7k $2.8m $2.8m 0.03% Added +18.8k +18,773
32 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 94,28294.3k $2.7m $2.7m 0.00% Added +12.8k +12,764
33 RPO LLC 3.08% of their portfolio Stamford, CT 92,57092.6k $2.7m $2.7m 3.08% Added +15.0k +15,000
34 OLD MISSION CAPITAL LLC 0.10% of their portfolio CHICAGO, IL 90,96791.0k $2.6m $2.6m 0.10% Reduced -33.0k -33,003
35 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 90,89890.9k $2.6m $2.6m 0.01% Added +1.4k +1,382
36 One Charles Private Wealth Services, LLC 0.68% of their portfolio HINGHAM, MA 89,96190.0k $2.6m $2.6m 0.68% Reduced -194 -194
37 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 86,74786.7k $2.5m $2.5m 0.00% Reduced -42.7k -42,660
38 Wealthcare Advisory Partners LLC 0.05% of their portfolio WEST CHESTER, PA 85,72385.7k $2.5m $2.5m 0.05% Added +6.6k +6,553
39 EverSource Wealth Advisors, LLC 0.08% of their portfolio BIRMINGHAM, AL 75,22775.2k $2.2m $2.2m 0.08% Added +34.0k +33,968
40 Prospera Financial Services Inc 0.03% of their portfolio Dallas, TX 72,28172.3k $2.1m $2.1m 0.03% Reduced -2.1k -2,148
41 Belpointe Asset Management LLC 0.07% of their portfolio RENO, NV 63,22863.2k $1.8m $1.8m 0.07% Added +3.1k +3,059
42 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 53,98254.0k $1.6m $1.6m 0.00% Added +139 +139
43 Freedom Financial Partners LLC 0.57% of their portfolio OAKDALE, MN 53,80153.8k $1.6m $1.6m 0.57% Added +2.1k +2,062
44 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 53,35753.4k $1.5m $1.5m 0.00% Reduced -978 -978
45 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 50,31350.3k $1.5m $1.5m 0.05% New
46 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 49,72649.7k $1.4m $1.4m 0.01% Reduced -879 -879
47 Aristides Capital LLC 0.49% of their portfolio LOUISVILLE, KY 48,88048.9k $1.4m $1.4m 0.49% Reduced -146.2k -146,150
48 CHASE INVESTMENT COUNSEL CORP 0.36% of their portfolio CHARLOTTESVILLE, VA 44,67644.7k $1.3m $1.3m 0.36% Unchanged
49 Mariner, LLC 0.00% of their portfolio Overland Park, KS 43,69043.7k $1.3m $1.3m 0.00% Reduced -15.7k -15,725
50 Mustard Seed Financial, LLC 0.78% of their portfolio Magnolia, AR 42,54842.5k $1.2m $1.2m 0.78% Added +4.7k +4,729
51 TWO SIGMA SECURITIES, LLC 0.16% of their portfolio NEW YORK, NY 41,18741.2k $1.2m $1.2m 0.16% New
52 Geneos Wealth Management Inc. 0.03% of their portfolio ENGLEWOOD, CO 40,90840.9k $1.2m $1.2m 0.03% Unchanged
53 Triad Wealth Partners, LLC 0.11% of their portfolio LAWRENCE, KS 40,70940.7k $1.2m $1.2m 0.11% New
54 HBW ADVISORY SERVICES LLC 0.13% of their portfolio SIMI VALLEY, CA 40,57040.6k $1.2m $1.2m 0.13% Added +6.6k +6,553
55 Taylor & Morgan Wealth Management, LLC 0.65% of their portfolio TROY, MI 40,07740.1k $1.2m $1.2m 0.65% New
56 Wisconsin Wealth Advisors, LLC 1.06% of their portfolio SUN PRAIRIE, WI 37,39937.4k $1.1m $1.1m 1.06% Reduced -666 -666
57 Virtu Financial LLC 0.04% of their portfolio New York, NY 35,23435.2k $1.0m $1.0m 0.04% Reduced -4.4k -4,419
58 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 35,16935.2k $1.0m $1.0m 0.01% Added +1.7k +1,663
59 Venture Visionary Partners LLC 0.03% of their portfolio Sylvania, OH 32,64332.6k $948.0k $948.0k 0.03% Reduced -4.3k -4,275
60 TRED AVON FAMILY WEALTH, LLC 0.30% of their portfolio EASTON, MD 31,27631.3k $908.3k $908.3k 0.30% Unchanged
61 DEBUSSY CAPITAL MANAGEMENT LP 0.12% of their portfolio CHICAGO, IL 30,75030.8k $893.0k $893.0k 0.12% Added +3.3k +3,285
62 Well Done, LLC 0.13% of their portfolio HOLLAND, MI 30,51030.5k $886.0k $886.0k 0.13% Unchanged
63 CITIZENS FINANCIAL GROUP INC/RI 0.01% of their portfolio PROVIDENCE, RI 27,57327.6k $800.7k $800.7k 0.01% Unchanged
64 MERITAGE PORTFOLIO MANAGEMENT 0.05% of their portfolio OVERLAND PARK, KS 27,35127.4k $794.3k $794.3k 0.05% Unchanged
65 Union Bancaire Privee, UBP SA 0.01% of their portfolio GENEVA 1, V8 27,02427.0k $637.5k $637.5k 0.01% Added +6.3k +6,298
66 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 27,01127.0k $784.4k $784.4k 0.01% Reduced -319 -319
67 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 26,95026.9k $782.6k $782.6k 0.00% Added +550 +550
68 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 25,27725.3k $734.0k $734.0k 0.01% Added +5.1k +5,124
69 OxenFree Capital LLC 0.38% of their portfolio MELBOURNE, FL 25,01525.0k $726.4k $726.4k 0.38% Added +25 +25
70 Marex Group Ltd 0.01% of their portfolio London, X0 25,00025.0k $726.0k $726.0k 0.01% Added +5.0k +5,000
71 Castle Rock Wealth Management, LLC 0.13% of their portfolio WALNUT CREEK, CA 24,95125.0k $607.1k $607.1k 0.13% Reduced -61.5k -61,481
72 RWA WEALTH PARTNERS, LLC 0.01% of their portfolio BOSTON, MA 24,44124.4k $709.8k $709.8k 0.01% New
73 AdvisorNet Financial, Inc 0.04% of their portfolio MINNETONKA, MN 24,38324.4k $708.1k $708.1k 0.04% Added +5.1k +5,086
74 Q Fund Management (Hong Kong) Ltd 0.65% of their portfolio HONG KONG, K3 24,00024.0k $697.0k $697.0k 0.65% Unchanged
75 RAINEY & RANDALL WEALTH ADVISORS INC. 0.11% of their portfolio Celebration, FL 23,78023.8k $690.6k $690.6k 0.11% Added +1.7k +1,706
76 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 22,96623.0k $666.9k $666.9k 0.01% Reduced -225 -225
77 First Heartland Consultants, Inc. 0.05% of their portfolio LAKE ST. LOUIS, MO 22,00522.0k $639.0k $639.0k 0.05% Added +1.6k +1,645
78 Interchange Capital Partners, LLC 0.12% of their portfolio PITTSBURGH, PA 21,79521.8k $632.9k $632.9k 0.12% Reduced -873 -873
79 Broadhurst Jeffrey B 0.66% of their portfolio WEST POINT, PA 21,77921.8k $632.5k $632.5k 0.66% First filing
80 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 20,92020.9k $642.5k $642.5k 0.00% Added +4.5k +4,485
81 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 19,02919.0k $552.6k $552.6k 0.02% Reduced -168.2k -168,239
82 Beacon Financial Advisory LLC 0.12% of their portfolio CLEVELAND, OH 18,12918.1k $526.5k $526.5k 0.12% Added +1.8k +1,775
83 Teucrium Investment Advisors, LLC 0.57% of their portfolio BURLINGTON, VT 17,93417.9k $520.8k $520.8k 0.57% First filing
84 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 17,65817.7k $671.4k $671.4k 0.00% Unchanged
85 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 17,41917.4k $505.8k $505.8k 0.00% Added +1.8k +1,843
86 Encompass More Asset Management 0.09% of their portfolio Danville, CA 16,91516.9k $491.2k $491.2k 0.09% Added +8.3k +8,286
87 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 16,67316.7k $484.2k $484.2k 0.00% New
88 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 16,22716.2k $471.2k $471.2k 0.01% Added +180 +180
89 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 15,60015.6k $453.0k $453.0k 0.00% Added +12.0k +12,000
90 Arete Wealth Advisors, LLC 0.03% of their portfolio CHICAGO, IL 15,39315.4k $447.0k $447.0k 0.03% Reduced -3.3k -3,258
91 CERTIOR FINANCIAL GROUP, LLC 0.30% of their portfolio KING OF PRUSSIA, PA 15,00015.0k $435.6k $435.6k 0.30% Unchanged
92 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 14,53914.5k $422.2k $422.2k 0.00% Reduced -3.3k -3,323
93 CLARK FINANCIAL SERVICES GROUP INC /BD 0.23% of their portfolio CHESTERFIELD, MO 13,89213.9k $434.7k $434.7k 0.23% Added +509 +509
94 Empower Advisory Group, LLC 0.00% of their portfolio Greenwood Village, CO 13,59413.6k $394.8k $394.8k 0.00% Added +4.0k +3,954
95 Advyzon Investment Management, LLC 0.05% of their portfolio LISLE, IL 13,45913.5k $390.8k $390.8k 0.05% Reduced -896 -896
96 Douglass Winthrop Advisors, LLC 0.01% of their portfolio NEW YORK, NY 12,20012.2k $354.3k $354.3k 0.01% Added +4.2k +4,200
97 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 12,14912.1k $352.8k $352.8k 0.00% Added +2.0k +1,985
98 Wealth Preservation Advisors, LLC 0.18% of their portfolio CHATTANOOGA, TN 12,00012.0k $348.5k $348.5k 0.18% Reduced -12.8k -12,821
99 NorthRock Partners, LLC 0.01% of their portfolio MINNEAPOLIS, MN 11,86011.9k $344.4k $344.4k 0.01% Unchanged
100 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 11,85011.8k $344.1k $344.1k 0.00% Added +1.2k +1,200