Vault-13

ASSET ENTITIES INC

CL B NEW · CUSIP 04541A204

27 institutional holders +20 vs Q1 2025
13,823,46513.8m shares reported held*
$25.1mreported value*
21 new 4 added 0 reduced 1 sold out net bought ≈ $24.8m (+13.8m 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. Holder counts are more reliable. Implied quarter-end price ≈ $1.81. Options: 6 managers hold calls ($4.5m notional), 9 hold puts ($4.9m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 24: 6Q4 24: 5Q1 25: 7Q2 25: 2727Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 20246
Q4 20245
Q1 20257
Q2 202527

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 24: 3 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 4 bought or addedQ1 25: 1 cut or sold outQ1 25Q2 25: 25 bought or addedQ2 25: 1 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 202432
Q1 202541
Q2 2025251

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $4.5mQ2 25 puts: $4.9mQ2 25P/C 1.09
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$4.5m$4.9m1.09

Biggest buyers

MILLENNIUM MANAGEMENT LLC New +11,111,111+11.1m
STEADFAST CAPITAL MANAGEMENT LP New +915,425+915.4k
VANGUARD GROUP INC New +632,827+632.8k
UBS Group AG Added +497,921+497.9k
GEODE CAPITAL MANAGEMENT, LLC Added +117,249+117.2k
Cable Car Capital, LP New +107,000+107.0k
MORGAN STANLEY New +71,200+71.2k
STATE STREET CORP New +51,220+51.2k
JANE STREET GROUP, LLC New +43,379+43.4k
BlackRock, Inc. New +37,213+37.2k

Biggest sellers

IFP Advisors, Inc Sold out -10,000-10.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $3.0m801.2k shares
GROUP ONE TRADING LLC New $585.0k156.0k shares
JANE STREET GROUP, LLC New $307.9k82.1k shares
SIMPLEX TRADING, LLC New $279.0k74.5k shares
IMC-Chicago, LLC New $271.1k72.3k shares
CITADEL ADVISORS LLC New $79.9k21.3k shares

Biggest puts

Anson Funds Management LP New $3.4m897.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $424.1k113.1k shares
Graham Capital Management, L.P. New $411.8k109.8k shares
GROUP ONE TRADING LLC New $324.0k86.4k shares
SIMPLEX TRADING, LLC New $207.0k55.3k shares
WOLVERINE TRADING, LLC New $69.6k17.8k shares
Hunting Hill Global Capital, LLC New $64.5k17.2k shares
Marex Group Ltd New $54.0k14.4k shares
Cable Car Capital, LP New $26.2k7.0k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
CITADEL ADVISORS LLC 13G · passive investor new · filed 2025-08-25 8.1% new 1.3m 2025-08-25
Asset Entities Holdings, LLC 13G · exempt (held before listing) -5.1 pts · filed 2025-07-03 7.8% -5.1 pts 1.3m 2025-07-03
STEADFAST CAPITAL MANAGEMENT LP 13G · passive investor new · filed 2025-06-30 5.4% new 793.2k 2025-06-30
SUSQUEHANNA SECURITIES, LLC 13G · institution new · filed 2025-08-14 5.1% new 802.7k 2025-08-14

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 11,111,11111.1m $14.9m $14.9m 0.01% New
2 STEADFAST CAPITAL MANAGEMENT LP 0.06% of their portfolio NEW YORK, NY 915,425915.4k $3.4m $3.4m 0.06% New
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 632,827632.8k $2.4m $2.4m 0.00% New
4 UBS Group AG 0.00% of their portfolio ZURICH, V8 510,424510.4k $1.9m $1.9m 0.00% Added +497.9k +497,921
5 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 149,585149.6k $560.9k $560.9k 0.00% Added +117.2k +117,249
6 Cable Car Capital, LP 0.17% of their portfolio SAN FRANCISCO, CA 107,000107.0k $401.2k $401.2k 0.17% New
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 71,20071.2k $267.0k $267.0k 0.00% New
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 51,22051.2k $192.1k $192.1k 0.00% New
9 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 43,37943.4k $162.7k $162.7k 0.00% New
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 37,21337.2k $139.5k $139.5k 0.00% New
11 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 33,54533.5k $125.8k $125.8k 0.01% New
12 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 21,00021.0k $78.8k $78.8k 0.00% New
13 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 20,27720.3k $76.0k $76.0k 0.00% New
14 Virtu Financial LLC 0.00% of their portfolio New York, NY 19,98720.0k $75.0k $75.0k 0.00% New
15 Mariner, LLC 0.00% of their portfolio Overland Park, KS 16,84916.8k $63.2k $63.2k 0.00% New
16 Marex Group Ltd 0.00% of their portfolio London, X0 14,40014.4k $54.0k $54.0k 0.00% New
17 Bellecapital International Ltd. 0.01% of their portfolio ZURICH, V8 11,23111.2k $42.1k $42.1k 0.01% New
18 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 11,12511.1k $43.5k $43.5k 0.00% New
19 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,00011.0k $41.2k $41.2k 0.00% New
20 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 10,96911.0k $41.1k $41.1k 0.00% Added +7.1k +7,057
21 Ground Swell Capital, LLC 0.07% of their portfolio FOLLY BEACH, SC 10,73410.7k $40.3k $40.3k 0.07% New
22 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 10,55910.6k $39.6k $39.6k 0.00% New
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,6351.6k $6.1k $6.1k 0.00% Added +1.6k +1,599
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 350350 $2.0k $2.0k 0.00% New
25 CURIO WEALTH, LLC 0.00% of their portfolio ANNAPOLIS, MD 260260 $975 $975 0.00% New
26 EQUITEC PROPRIETARY MARKETS, LLC 0.00% of their portfolio CHICAGO, IL 160160 $600 $600 0.00% Unchanged
27 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged