Vault-13

CIRCLE INTERNET GROUP INC CRCL

COM CL A · Common Stock · CUSIP 172573107 · ISIN US1725731079

Peer-to-peer payments technology company

241 institutional holders
78,974,28279.0m shares reported held*
$14.3bnreported value*

* 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

CallsPuts
$0$1bn$2bn$3bnQ3 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: $2.4bnQ2 25 puts: $2.1bnQ2 25P/C 0.90
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$2.4bn$2.1bn0.90

Biggest buyers

General Catalyst Group Management, LLC New +20,120,769+20.1m
FMR LLC New +13,747,308+13.7m
IDG China Capital Fund III Associates L.P. New +11,676,488+11.7m
MARSHALL WACE, LLP New +8,534,470+8.5m
VANGUARD GROUP INC New +3,452,624+3.5m
BlackRock, Inc. New +3,437,216+3.4m
ARK Investment Management LLC New +2,924,403+2.9m
Atlas Merchant Capital LLC New +1,786,814+1.8m
UBS Group AG New +741,468+741.5k
CITADEL ADVISORS LLC New +718,689+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.

HolderStakeChangeShares Last filed
Allaire Jeremy 13G · exempt (held before listing) new · filed 2025-08-13 8.1% new 18.5m≈ $1.2bn 2025-08-13
Chuang Xi Capital Ltd 13G · exempt (held before listing) -1.2 pts · filed 2026-08-11 7.4% -1.2 pts 17.4m≈ $1.1bn 2026-08-11
OAK MANAGEMENT CORP 13G · exempt (held before listing) new · filed 2025-08-12 5.7% new 11.9m≈ $744.1m 2025-08-12

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)

BuyingSelling
10010Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 8 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—8$98.1m—
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-06 General Catalyst Partners VI, L.P. +2 10% owner · See footnote Sold 3,550,724 $29.30 $104.0m3.6m shares -15%
2025-06-06 Allaire Jeremy Chairman and CEO, director Sold 1,582,160 $29.30 $46.4m1.6m shares -100%
2025-06-06 Zhou Quan +5 10% owner Sold 1,467,633 $29.30 $43.0m1.5m shares -10%
2025-06-06 Neville Patrick Sean Director Sold 1,000,000 $29.30 $29.3m1.0m shares -100%
2025-06-06 Zhou Quan +5 10% owner Sold 859,871 $29.30 $25.2m859.9k shares -10%
2025-06-06 Chandhok Nikhil Chief Product & Tech. Officer Sold 300,000 $29.30 $8.8m300.0k shares -33%
2025-06-06 Fox-Geen Jeremy Chief Financial Officer Sold 200,000 $29.30 $5.9m200.0k shares -38%
2025-06-06 BURNS M MICHELE Director Sold 133,312 $29.30 $3.9m133.3k shares -28%
2025-06-06 Tarbert Heath President and CLO Sold 80,000 $29.30 $2.3m80.0k shares -11%
2025-06-06 Date Rajeev V Director Sold 50,000 $29.30 $1.5m50.0k shares -17%
2025-06-06 Ostling Danita K Director Sold 3,027 $29.30 $88.7k3.0k shares -9%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 General Catalyst Group Management, LLC 84.87% of their portfolio CAMBRIDGE, MA 20,120,76920.1m $3.6bn $3.6bn 84.87% New
2 FMR LLC 0.14% of their portfolio BOSTON, MA 13,747,30813.7m $2.5bn $2.5bn 0.14% New
3 IDG China Capital Fund III Associates L.P. 95.83% of their portfolio CENTRAL HONG KONG, F4 11,676,48811.7m $2.1bn $2.1bn 95.83% New
4 MARSHALL WACE, LLP 1.84% of their portfolio LONDON, X0 8,534,4708.5m $1.5bn $1.5bn 1.84% New
5 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 3,452,6243.5m $625.9m $625.9m 0.01% New
6 BlackRock, Inc. 0.01% of their portfolio New York, NY 3,437,2163.4m $623.1m $623.1m 0.01% New
7 ARK Investment Management LLC 3.89% of their portfolio ST. PETERSBURG, FL 2,924,4032.9m $530.2m $530.2m 3.89% New
8 Atlas Merchant Capital LLC 97.43% of their portfolio New York, NY 1,786,8141.8m $323.9m $323.9m 97.43% New
9 UBS Group AG 0.03% of their portfolio ZURICH, V8 741,468741.5k $134.4m $134.4m 0.03% New
10 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 718,689718.7k $130.3m $130.3m 0.11% New
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.19% of their portfolio BALA CYNWYD, PA 690,038690.0k $125.1m $125.1m 0.19% New
12 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 689,260689.3k $125.0m $125.0m 0.01% New
13 Pantera Capital Partners LP 45.77% of their portfolio SAN FRANCISCO, CA 442,898442.9k $80.3m $80.3m 45.77% New
14 Squarepoint Ops LLC 0.16% of their portfolio NEW YORK, NY 403,225403.2k $73.1m $73.1m 0.16% New
15 Amova Asset Management Americas, Inc. 0.72% of their portfolio New York, NY 401,720401.7k $72.5m $72.5m 0.72% New
16 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 361,170361.2k $65.5m $65.5m 0.00% New
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 359,979360.0k $65.3m $65.3m 0.00% New
18 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 340,065340.1k $61.7m $61.7m 0.04% New
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 327,957328.0k $59.5m $59.5m 0.00% New
20 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 320,868320.9k $58.2m $58.2m 0.01% New
21 VAN ECK ASSOCIATES CORP 0.06% of their portfolio NEW YORK, NY 308,417308.4k $55.9m $55.9m 0.06% New
22 SOROS FUND MANAGEMENT LLC 0.95% of their portfolio NEW YORK, NY 305,000305.0k $55.3m $55.3m 0.95% New
23 ExodusPoint Capital Management, LP 0.66% of their portfolio NEW YORK, NY 297,661297.7k $54.0m $54.0m 0.66% New
24 Liberty Street Advisors, Inc. 64.05% of their portfolio New York, NY 290,200290.2k $52.6m $52.6m 64.05% First filing
25 Freestone Grove Partners LP 0.39% of their portfolio San Francisco, CA 286,582286.6k $52.0m $52.0m 0.39% New
26 ABRAMS CAPITAL MANAGEMENT, L.P. 0.82% of their portfolio Boston, MA 275,000275.0k $49.9m $49.9m 0.82% New
27 TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio NEW YORK, NY 269,600269.6k $48.9m $48.9m 0.09% New
28 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 262,785262.8k $47.6m $47.6m 0.01% New
29 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 250,000250.0k $45.3m $45.3m 0.01% New
30 Rheos Capital Works Inc. 2.61% of their portfolio Tokyo, M0 250,000250.0k $45.3m $45.3m 2.61% New
31 Capital International Investors 0.01% of their portfolio Los Angeles, CA 231,478231.5k $42.0m $42.0m 0.01% New
32 GILDER GAGNON HOWE & CO LLC 0.40% of their portfolio New York, NY 206,105206.1k $37.4m $37.4m 0.40% New
33 Davidson Kempner Capital Management LP 0.55% of their portfolio New York, NY 200,000200.0k $36.3m $36.3m 0.55% Not comparable
34 Bain Capital Public Equity Management II, LLC 1.68% of their portfolio Boston, MA 195,384195.4k $35.4m $35.4m 1.68% New
35 BAILLIE GIFFORD & CO 0.03% of their portfolio EDINBURGH, X0 189,085189.1k $34.3m $34.3m 0.03% New
36 Schonfeld Strategic Advisors LLC 0.24% of their portfolio NEW YORK, NY 179,178179.2k $32.5m $32.5m 0.24% New
37 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 152,602152.6k $27.7m $27.7m 0.00% New
38 Hudson Bay Capital Management LP 0.18% of their portfolio STAMFORD, CT 151,799151.8k $27.5m $27.5m 0.18% New
39 Granahan Investment Management, LLC 1.02% of their portfolio WALTHAM, MA 138,732138.7k $25.2m $25.2m 1.02% New
40 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 136,824136.8k $24.8m $24.8m 0.01% New
41 T. Rowe Price Investment Management, Inc. 0.02% of their portfolio BALTIMORE, MD 135,650135.7k $24.6m $24.6m 0.02% New
42 TIGER GLOBAL MANAGEMENT LLC 0.07% of their portfolio New York, NY 125,000125.0k $22.7m $22.7m 0.07% New
43 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 123,313123.3k $22.4m $22.4m 0.00% New
44 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 114,520114.5k $20.8m $20.8m 0.05% New
45 Yong Rong (HK) Asset Management Ltd 4.81% of their portfolio SHEUNG WAN, K3 110,000110.0k $19.9m $19.9m 4.81% New
46 EXCHANGE TRADED CONCEPTS, LLC 0.24% of their portfolio Oklahoma City, OK 101,477101.5k $18.4m $18.4m 0.24% New
47 CloudAlpha Capital Management Limited/Hong Kong 2.26% of their portfolio HONG KONG, K3 101,010101.0k $18.3m $18.3m 2.26% New
48 Endowment Wealth Management, Inc. 9.35% of their portfolio APPLETON, WI 100,000100.0k $18.1m $18.1m 9.35% New
49 SG Americas Securities, LLC 0.08% of their portfolio NEW YORK, NY 98,21798.2k $17.8m $17.8m 0.08% New
50 LMR Partners LLP 0.23% of their portfolio LONDON, X0 82,15182.2k $14.9m $14.9m 0.23% New
51 Zimmer Partners, LP 0.33% of their portfolio NEW YORK, NY 80,00080.0k $14.5m $14.5m 0.33% New
52 Board of Trustees of The Leland Stanford Junior University 1.54% of their portfolio STANFORD, CA 78,66278.7k $14.3m $14.3m 1.54% New
53 Walleye Capital LLC 0.13% of their portfolio NEW YORK, NY 75,00075.0k $13.6m $13.6m 0.13% New
54 Ghisallo Capital Management LLC 0.36% of their portfolio BOSTON, MA 75,00075.0k $13.6m $13.6m 0.36% New
55 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 66,98867.0k $12.1m $12.1m 0.00% New
56 Woodline Partners LP 0.06% of their portfolio San Francisco, CA 65,00065.0k $11.8m $11.8m 0.06% New
57 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 63,54463.5k $11.5m $11.5m 0.00% New
58 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 61,67461.7k $11.2m $11.2m 0.00% New
59 NORGES BANK 0.00% of their portfolio OSLO, Q8 57,29557.3k $10.4m $10.4m 0.00% Not comparable
60 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 55,77455.8k $10.1m $10.1m 0.01% New
61 Driehaus Capital Management LLC 0.08% of their portfolio Chicago, IL 54,49754.5k $9.9m $9.9m 0.08% New
62 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 53,49353.5k $9.7m $9.7m 0.01% New
63 IMC-Chicago, LLC 0.23% of their portfolio CHICAGO, IL 50,92950.9k $9.2m $9.2m 0.23% New
64 WOLVERINE TRADING, LLC 0.22% of their portfolio CHICAGO, IL 47,89647.9k $8.6m $8.6m 0.22% New
65 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 44,77844.8k $8.1m $8.1m 0.01% New
66 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 38,62838.6k $7.0m $7.0m 0.00% New
67 PEAK6 LLC 0.11% of their portfolio AUSTIN, TX 35,20035.2k $6.4m $6.4m 0.11% New
68 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 35,00035.0k $6.3m $6.3m 0.01% New
69 Philadelphia Financial Management of San Francisco, LLC 1.41% of their portfolio SAN FRANCISCO, CA 35,00035.0k $6.3m $6.3m 1.41% New
70 Covalis Capital LLP 0.77% of their portfolio LONDON, X0 33,50033.5k $6.1m $6.1m 0.77% New
71 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 32,70032.7k $5.9m $5.9m 0.00% New
72 BERKSHIRE CAPITAL HOLDINGS INC 2.00% of their portfolio San Jose, CA 31,55031.6k $5.7m $5.7m 2.00% New
73 Bain Capital Public Equity, LP 3.55% of their portfolio Boston, MA 29,61629.6k $5.4m $5.4m 3.55% New
74 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 29,39829.4k $5.3m $5.3m 0.02% New
75 Polymer Capital Management (HK) LTD 0.81% of their portfolio HONG KONG, K3 28,56528.6k $5.2m $5.2m 0.81% New
76 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 27,15627.2k $4.9m $4.9m 0.01% New
77 Polymer Capital Management (US) LLC 0.80% of their portfolio NEW YORK, NY 27,03027.0k $4.9m $4.9m 0.80% New
78 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.41% of their portfolio DUBLIN 2, L2 25,46425.5k $4.6m $4.6m 0.41% New
79 Tower Research Capital LLC (TRC) 0.11% of their portfolio NEW YORK, NY 22,28122.3k $4.0m $4.0m 0.11% New
80 Atom Investors LP 0.35% of their portfolio AUSTIN, TX 22,04522.0k $4.0m $4.0m 0.35% New
81 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 21,22321.2k $3.8m $3.8m 0.00% New
82 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 20,88520.9k $3.8m $3.8m 0.03% New
83 SCOPUS ASSET MANAGEMENT, L.P. 0.10% of their portfolio NEW YORK, NY 20,85020.9k $3.8m $3.8m 0.10% New
84 BlueCrest Capital Management Ltd 0.40% of their portfolio ST HELIER, Y9 20,00020.0k $3.6m $3.6m 0.40% New
85 SIH Partners, LLLP 0.34% of their portfolio Wilmington, DE 19,99620.0k $3.6m $3.6m 0.34% New
86 CANTOR FITZGERALD, L. P. 0.09% of their portfolio NEW YORK, NY 19,47619.5k $3.5m $3.5m 0.09% New
87 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 19,36319.4k $3.5m $3.5m 0.00% New
88 SBI Securities Co., Ltd. 0.10% of their portfolio TOKYO, M0 19,19619.2k $3.5m $3.5m 0.10% New
89 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 19,16619.2k $3.5m $3.5m 0.00% New
90 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 18,70918.7k $3.4m $3.4m 0.02% New
91 Jain Global LLC 0.05% of their portfolio NEW YORK, NY 18,42218.4k $3.3m $3.3m 0.05% New
92 Marex Group Ltd 0.06% of their portfolio London, X0 18,32118.3k $3.3m $3.3m 0.06% New
93 XTX Topco Ltd 0.14% of their portfolio LONDON, X0 18,30918.3k $3.3m $3.3m 0.14% New
94 Telligent Fund, LP 2.98% of their portfolio HONG KONG, K3 18,00018.0k $3.3m $3.3m 2.98% New
95 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 16,85416.9k $3.1m $3.1m 0.00% New
96 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 16,69116.7k $3.0m $3.0m 0.00% New
97 GF FUND MANAGEMENT CO. LTD. 0.06% of their portfolio GUANGZHOU, F4 15,26115.3k $2.8m $2.8m 0.06% New
98 DNCA FINANCE 0.21% of their portfolio PARIS, I0 15,00015.0k $2.7m $2.7m 0.21% New
99 Longaeva Partners L.P. 0.65% of their portfolio Chicago, IL 15,00015.0k $2.7m $2.7m 0.65% New
100 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 14,61414.6k $2.6m $2.6m 0.00% New