CIRCLE INTERNET GROUP INC CRCL
COM CL A · Common Stock · CUSIP 172573107 · ISIN US1725731079
Peer-to-peer payments technology company
- SectorFinancials
- IndustryFinance Services
- HeadquartersNew York, NY
- Founded2013
- Websitecircle.com
- FilingsSEC EDGAR
* 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 ($61.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $181.28. Options: 27 managers hold calls ($2.4bn notional), 41 hold puts ($2.1bn).
Trends to Q2 2025
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $0 | $0 | — |
| Q4 2024 | $0 | $0 | — |
| Q1 2025 | $0 | $0 | — |
| Q2 2025 | $2.4bn | $2.1bn | 0.90 |
Biggest buyers
| General Catalyst Group Management, LLC | New | +20.1m |
| FMR LLC | New | +13.7m |
| IDG China Capital Fund III Associates L.P. | New | +11.7m |
| MARSHALL WACE, LLP | New | +8.5m |
| VANGUARD GROUP INC | New | +3.5m |
| BlackRock, Inc. | New | +3.4m |
| ARK Investment Management LLC | New | +2.9m |
| Atlas Merchant Capital LLC | New | +1.8m |
| UBS Group AG | New | +741.5k |
| CITADEL ADVISORS LLC | New | +718.7k |
Biggest sellers
| None |
Biggest calls
| JANE STREET GROUP, LLC | New | $765.0m4.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $639.2m3.5m shares |
| IMC-Chicago, LLC | New | $268.4m1.5m shares |
| CITADEL ADVISORS LLC | New | $249.7m1.4m shares |
| SIMPLEX TRADING, LLC | New | $138.5m764.2k shares |
| WOLVERINE TRADING, LLC | New | $116.6m646.1k shares |
| GROUP ONE TRADING LLC | New | $53.7m296.1k shares |
| PEAK6 LLC | New | $42.7m235.4k shares |
| Walleye Trading LLC | New | $34.7m191.5k shares |
| Meridiem Capital Partners LP | New | $9.1m50.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $849.0m4.7m shares |
| JANE STREET GROUP, LLC | New | $292.1m1.6m shares |
| CITADEL ADVISORS LLC | New | $282.0m1.6m shares |
| IMC-Chicago, LLC | New | $246.7m1.4m shares |
| SIMPLEX TRADING, LLC | New | $135.0m744.7k shares |
| WOLVERINE TRADING, LLC | New | $99.0m548.9k shares |
| Galaxy Group Investments LLC | New | $43.1m238.0k shares |
| Owl Creek Asset Management, L.P. | New | $34.6m190.9k shares |
| GROUP ONE TRADING LLC | New | $26.9m148.4k shares |
| Hel Ved Capital Management Ltd | New | $17.9m98.5k 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.
| Holder | Stake |
|---|---|
| Allaire Jeremy 13G · exempt (held before listing) new · filed 2025-08-13 | 8.1% |
| Chuang Xi Capital Ltd 13G · exempt (held before listing) -1.2 pts · filed 2026-08-11 | 7.4% |
| OAK MANAGEMENT CORP 13G · exempt (held before listing) new · filed 2025-08-12 | 5.7% |
Fell to 5% or below in the last year: Breyer Capital L.L.C. (3.2%, 2026-02-17), General Catalyst Group Management Holdings GP, LLC (0.0%, 2026-02-17), FMR LLC (0.3%, 2026-02-05), Accel XI L.P. (4.4%, 2025-11-13)
Insider purchases and sales in Q2 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 8 | $98.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-06 | General Catalyst Partners VI, L.P. +2 10% owner · See footnote | Sold | $104.0m3.6m shares |
| 2025-06-06 | Allaire Jeremy Chairman and CEO, director | Sold | $46.4m1.6m shares |
| 2025-06-06 | Zhou Quan +5 10% owner | Sold | $43.0m1.5m shares |
| 2025-06-06 | Neville Patrick Sean Director | Sold | $29.3m1.0m shares |
| 2025-06-06 | Zhou Quan +5 10% owner | Sold | $25.2m859.9k shares |
| 2025-06-06 | Chandhok Nikhil Chief Product & Tech. Officer | Sold | $8.8m300.0k shares |
| 2025-06-06 | Fox-Geen Jeremy Chief Financial Officer | Sold | $5.9m200.0k shares |
| 2025-06-06 | BURNS M MICHELE Director | Sold | $3.9m133.3k shares |
| 2025-06-06 | Tarbert Heath President and CLO | Sold | $2.3m80.0k shares |
| 2025-06-06 | Date Rajeev V Director | Sold | $1.5m50.0k shares |
| 2025-06-06 | Ostling Danita K Director | Sold | $88.7k3.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| General Catalyst Group Management, LLC 84.87% of their portfolio | 20.1m $3.6bn | New |
| FMR LLC 0.14% of their portfolio | 13.7m $2.5bn | New |
| IDG China Capital Fund III Associates L.P. 95.83% of their portfolio | 11.7m $2.1bn | New |
| MARSHALL WACE, LLP 1.84% of their portfolio | 8.5m $1.5bn | New |
| VANGUARD GROUP INC 0.01% of their portfolio | 3.5m $625.9m | New |
| BlackRock, Inc. 0.01% of their portfolio | 3.4m $623.1m | New |
| ARK Investment Management LLC 3.89% of their portfolio | 2.9m $530.2m | New |
| Atlas Merchant Capital LLC 97.43% of their portfolio | 1.8m $323.9m | New |
| UBS Group AG 0.03% of their portfolio | 741.5k $134.4m | New |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 718.7k $130.3m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.19% of their portfolio | 690.0k $125.1m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 689.3k $125.0m | New |
| Pantera Capital Partners LP 45.77% of their portfolio | 442.9k $80.3m | New |
| Squarepoint Ops LLC 0.16% of their portfolio | 403.2k $73.1m | New |
| Amova Asset Management Americas, Inc. 0.72% of their portfolio | 401.7k $72.5m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 361.2k $65.5m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 360.0k $65.3m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 340.1k $61.7m | New |
| MORGAN STANLEY 0.00% of their portfolio | 328.0k $59.5m | New |
| Capital World Investors 0.01% of their portfolio | 320.9k $58.2m | New |
| VAN ECK ASSOCIATES CORP 0.06% of their portfolio | 308.4k $55.9m | New |
| SOROS FUND MANAGEMENT LLC 0.95% of their portfolio | 305.0k $55.3m | New |
| ExodusPoint Capital Management, LP 0.66% of their portfolio | 297.7k $54.0m | New |
| Liberty Street Advisors, Inc. 64.05% of their portfolio | 290.2k $52.6m | First filing |
| Freestone Grove Partners LP 0.39% of their portfolio | 286.6k $52.0m | New |
| ABRAMS CAPITAL MANAGEMENT, L.P. 0.82% of their portfolio | 275.0k $49.9m | New |
| TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio | 269.6k $48.9m | New |
| Invesco Ltd. 0.01% of their portfolio | 262.8k $47.6m | New |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 250.0k $45.3m | New |
| Rheos Capital Works Inc. 2.61% of their portfolio | 250.0k $45.3m | New |
| Capital International Investors 0.01% of their portfolio | 231.5k $42.0m | New |
| GILDER GAGNON HOWE & CO LLC 0.40% of their portfolio | 206.1k $37.4m | New |
| Davidson Kempner Capital Management LP 0.55% of their portfolio | 200.0k $36.3m | Not comparable |
| Bain Capital Public Equity Management II, LLC 1.68% of their portfolio | 195.4k $35.4m | New |
| BAILLIE GIFFORD & CO 0.03% of their portfolio | 189.1k $34.3m | New |
| Schonfeld Strategic Advisors LLC 0.24% of their portfolio | 179.2k $32.5m | New |
| STATE STREET CORP 0.00% of their portfolio | 152.6k $27.7m | New |
| Hudson Bay Capital Management LP 0.18% of their portfolio | 151.8k $27.5m | New |
| Granahan Investment Management, LLC 1.02% of their portfolio | 138.7k $25.2m | New |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 136.8k $24.8m | New |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 135.7k $24.6m | New |
| TIGER GLOBAL MANAGEMENT LLC 0.07% of their portfolio | 125.0k $22.7m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 123.3k $22.4m | New |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 114.5k $20.8m | New |
| Yong Rong (HK) Asset Management Ltd 4.81% of their portfolio | 110.0k $19.9m | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.24% of their portfolio | 101.5k $18.4m | New |
| CloudAlpha Capital Management Limited/Hong Kong 2.26% of their portfolio | 101.0k $18.3m | New |
| Endowment Wealth Management, Inc. 9.35% of their portfolio | 100.0k $18.1m | New |
| SG Americas Securities, LLC 0.08% of their portfolio | 98.2k $17.8m | New |
| LMR Partners LLP 0.23% of their portfolio | 82.2k $14.9m | New |
| Zimmer Partners, LP 0.33% of their portfolio | 80.0k $14.5m | New |
| Board of Trustees of The Leland Stanford Junior University 1.54% of their portfolio | 78.7k $14.3m | New |
| Walleye Capital LLC 0.13% of their portfolio | 75.0k $13.6m | New |
| Ghisallo Capital Management LLC 0.36% of their portfolio | 75.0k $13.6m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 67.0k $12.1m | New |
| Woodline Partners LP 0.06% of their portfolio | 65.0k $11.8m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 63.5k $11.5m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 61.7k $11.2m | New |
| NORGES BANK 0.00% of their portfolio | 57.3k $10.4m | Not comparable |
| CITIGROUP INC 0.01% of their portfolio | 55.8k $10.1m | New |
| Driehaus Capital Management LLC 0.08% of their portfolio | 54.5k $9.9m | New |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 53.5k $9.7m | New |
| IMC-Chicago, LLC 0.23% of their portfolio | 50.9k $9.2m | New |
| WOLVERINE TRADING, LLC 0.22% of their portfolio | 47.9k $8.6m | New |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 44.8k $8.1m | New |
| BARCLAYS PLC 0.00% of their portfolio | 38.6k $7.0m | New |
| PEAK6 LLC 0.11% of their portfolio | 35.2k $6.4m | New |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 35.0k $6.3m | New |
| Philadelphia Financial Management of San Francisco, LLC 1.41% of their portfolio | 35.0k $6.3m | New |
| Covalis Capital LLP 0.77% of their portfolio | 33.5k $6.1m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 32.7k $5.9m | New |
| BERKSHIRE CAPITAL HOLDINGS INC 2.00% of their portfolio | 31.6k $5.7m | New |
| Bain Capital Public Equity, LP 3.55% of their portfolio | 29.6k $5.4m | New |
| Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio | 29.4k $5.3m | New |
| Polymer Capital Management (HK) LTD 0.81% of their portfolio | 28.6k $5.2m | New |
| Allianz Asset Management GmbH 0.01% of their portfolio | 27.2k $4.9m | New |
| Polymer Capital Management (US) LLC 0.80% of their portfolio | 27.0k $4.9m | New |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.41% of their portfolio | 25.5k $4.6m | New |
| Tower Research Capital LLC (TRC) 0.11% of their portfolio | 22.3k $4.0m | New |
| Atom Investors LP 0.35% of their portfolio | 22.0k $4.0m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 21.2k $3.8m | New |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 20.9k $3.8m | New |
| SCOPUS ASSET MANAGEMENT, L.P. 0.10% of their portfolio | 20.9k $3.8m | New |
| BlueCrest Capital Management Ltd 0.40% of their portfolio | 20.0k $3.6m | New |
| SIH Partners, LLLP 0.34% of their portfolio | 20.0k $3.6m | New |
| CANTOR FITZGERALD, L. P. 0.09% of their portfolio | 19.5k $3.5m | New |
| LPL Financial LLC 0.00% of their portfolio | 19.4k $3.5m | New |
| SBI Securities Co., Ltd. 0.10% of their portfolio | 19.2k $3.5m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 19.2k $3.5m | New |
| Tidal Investments LLC 0.02% of their portfolio | 18.7k $3.4m | New |
| Jain Global LLC 0.05% of their portfolio | 18.4k $3.3m | New |
| Marex Group Ltd 0.06% of their portfolio | 18.3k $3.3m | New |
| XTX Topco Ltd 0.14% of their portfolio | 18.3k $3.3m | New |
| Telligent Fund, LP 2.98% of their portfolio | 18.0k $3.3m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 16.9k $3.1m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 16.7k $3.0m | New |
| GF FUND MANAGEMENT CO. LTD. 0.06% of their portfolio | 15.3k $2.8m | New |
| DNCA FINANCE 0.21% of their portfolio | 15.0k $2.7m | New |
| Longaeva Partners L.P. 0.65% of their portfolio | 15.0k $2.7m | New |
| Baird Financial Group, Inc. 0.00% of their portfolio | 14.6k $2.6m | New |