Vault-13

GRAYSCALE BITCOIN TRUST ETF GBTC

SHS REP COM UT · ETP · CUSIP 389637109

47 institutional holders +3 vs Q3 2023
17,108,22017.1m shares reported held*
$591.8mreported value*
7 new 7 added 7 reduced 11 sold out net sold ≈ $213.4m (-6.2m 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 ≈ $34.59.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 50Q4 22: 48Q1 23: 43Q2 23: 45Q3 23: 44Q4 23: 4747Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202250
Q4 202248
Q1 202343
Q2 202345
Q3 202344
Q4 202347

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 14 bought or addedQ4 22: 25 cut or sold outQ4 22Q1 23: 8 bought or addedQ1 23: 17 cut or sold outQ1 23Q2 23: 11 bought or addedQ2 23: 11 cut or sold outQ2 23Q3 23: 8 bought or addedQ3 23: 13 cut or sold outQ3 23Q4 23: 14 bought or addedQ4 23: 18 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221425
Q1 2023817
Q2 20231111
Q3 2023813
Q4 20231418

Biggest buyers

Benedetti & Gucer, Inc. New +71,878+71.9k
Financial Management Professionals, Inc. Added +62,113+62.1k
KINGSWOOD WEALTH ADVISORS, LLC Added +26,159+26.2k
CARRET ASSET MANAGEMENT, LLC New +7,388+7.4k
EQUITABLE TRUST CO New +5,874+5.9k
HANTZ FINANCIAL SERVICES, INC. Added +2,610+2.6k
PENSION & WEALTH MANAGEMENT ADVISORS, INC. Added +1,166+1.2k
Horrell Capital Management, Inc. Added +200+200
NVWM, LLC Added +128+128
FSA Wealth Management LLC New +47+47

Biggest sellers

ARK Investment Management LLC Sold out -5,630,602-5.6m
Aristides Capital LLC Reduced -463,041-463.0k
HORIZON KINETICS ASSET MANAGEMENT LLC Reduced -179,003-179.0k
Formidable Asset Management, LLC Sold out -20,144-20.1k
Curran Financial Partners, LLC Sold out -17,532-17.5k
First Horizon Advisors, Inc. Sold out -12,075-12.1k
First National Trust Co Sold out -10,816-10.8k
HIGHLINE WEALTH PARTNERS LLC Reduced -2,799-2.8k
WR Wealth Planners, LLC Sold out -1,490-1.5k
Cornerstone Planning Group LLC Sold out -1,200-1.2k

Insider purchases and sales in Q4 2023

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 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HORIZON KINETICS ASSET MANAGEMENT LLC 11.32% of their portfolio NEW YORK, NY 15,604,70815.6m $540.2m $540.2m 11.32% Reduced -179.0k -179,003
2 KINGSWOOD WEALTH ADVISORS, LLC 2.06% of their portfolio SAN DIEGO, CA 523,970524.0k $18.1m $18.1m 2.06% Added +26.2k +26,159
3 CORRECT CAPITAL WEALTH MANAGEMENT 4.48% of their portfolio CLAYTON, MO 511,867511.9k $17.7m $17.7m 4.48% First filing
4 Financial Management Professionals, Inc. 0.55% of their portfolio AUSTIN, TX 97,27897.3k $3.4m $3.4m 0.55% Added +62.1k +62,113
5 Benedetti & Gucer, Inc. 1.30% of their portfolio ATLANTA, GA 71,87871.9k $2.5m $2.5m 1.30% New
6 Williams Jones Wealth Management, LLC. 0.02% of their portfolio NEW YORK, NY 42,77042.8k $1.5m $1.5m 0.02% Unchanged
7 HIGHLINE WEALTH PARTNERS LLC 0.59% of their portfolio SHERMAN OAKS, CA 35,31935.3k $1.2m $1.2m 0.59% Reduced -2.8k -2,799
8 Canton Hathaway, LLC 0.28% of their portfolio PROVIDENCE, RI 27,20027.2k $942.0k $942.0k 0.28% Unchanged
9 ROTHSCHILD INVESTMENT LLC 0.07% of their portfolio CHICAGO, IL 22,63522.6k $783.6k $783.6k 0.07% First filing
10 SVB WEALTH LLC 0.02% of their portfolio BOSTON, MA 22,23822.2k $769.9k $769.9k 0.02% Reduced -423 -423
11 Next Capital Management LLC 0.29% of their portfolio NEW YORK, NY 19,35919.4k $670.2k $670.2k 0.29% Reduced -235 -235
12 Garde Capital, Inc. 0.05% of their portfolio SEATTLE, WA 17,40317.4k $602.0k $602.0k 0.05% Reduced -1.1k -1,063
13 Tradition Wealth Management, LLC 0.06% of their portfolio EDINA, MN 17,23117.2k $597.0k $597.0k 0.06% Unchanged
14 Ancora Advisors LLC 0.01% of their portfolio Cleveland, OH 15,27015.3k $528.6k $528.6k 0.01% Unchanged
15 Aristides Capital LLC 0.03% of their portfolio LOUISVILLE, KY 15,09015.1k $63.6k $63.6k 0.03% Reduced -463.0k -463,041
16 International Private Wealth Advisors LLC 0.42% of their portfolio SAN DIEGO, CA 12,20112.2k $422.4k $422.4k 0.42% First filing
17 Horrell Capital Management, Inc. 0.09% of their portfolio LITTLE ROCK, AR 8,7268.7k $302.0k $302.0k 0.09% Added +200 +200
18 CARRET ASSET MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 7,3887.4k $255.8k $255.8k 0.03% New
19 STEPHEN J. GARRY & ASSOCIATES, LLC 0.25% of their portfolio GARDEN CITY, NY 6,5106.5k $225.4k $225.4k 0.25% First filing
20 EQUITABLE TRUST CO 0.02% of their portfolio NASHVILLE, TN 5,8745.9k $203.4k $203.4k 0.02% New
21 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 5,8145.8k $201.0k $201.0k 0.00% Added +2.6k +2,610
22 Able Wealth Management LLC 0.18% of their portfolio Toms River, NJ 5,6135.6k $194.3k $194.3k 0.18% First filing
23 Winch Advisory Services, LLC 0.02% of their portfolio Appleton, WI 1,9051.9k $66.0k $66.0k 0.02% Unchanged
24 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.04% of their portfolio WALTHAM, MA 1,7411.7k $60.3k $60.3k 0.04% Added +1.2k +1,166
25 Kathleen S. Wright Associates Inc. 0.03% of their portfolio PITTSBURGH, PA 1,5571.6k $58.8k $58.8k 0.03% Unchanged
26 Clear Point Advisors Inc. 0.04% of their portfolio MELVILLE, NY 1,1501.1k $39.8k $39.8k 0.04% First filing
27 Main Management LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,1001.1k $38.0k $38.0k 0.00% Unchanged
28 Mango Five Family, Inc. 0.01% of their portfolio RENO, NV 1,0001.0k $34.6k $34.6k 0.01% First filing
29 Front Row Advisors LLC 0.01% of their portfolio TIBURON, CA 550550 $19.0k $19.0k 0.01% Unchanged
30 Bartlett & Co. LLC 0.00% of their portfolio CINCINNATI, OH 415415 $14.0k $14.0k 0.00% Unchanged
31 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 415415 $14.4k $14.4k 0.00% Unchanged
32 West Oak Capital, LLC 0.01% of their portfolio WESTLAKE VILLAGE, CA 320320 $12.0k $12.0k 0.01% Unchanged
33 FNY Investment Advisers, LLC 0.01% of their portfolio NEW YORK, NY 300300 $10.0k $10.0k 0.01% Unchanged
34 Cassady Schiller Wealth Management, LLC 0.00% of their portfolio CINCINNATI, OH 246246 $8.5k $8.5k 0.00% Unchanged
35 NVWM, LLC 0.00% of their portfolio YARDLEY, PA 228228 $7.9k $7.9k 0.00% Added +128 +128
36 MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio Windsor, CT 227227 $7.9k $7.9k 0.00% Unchanged
37 ATLAS CAPITAL ADVISORS INC. 0.00% of their portfolio JACKSON, WY 165165 $5.7k $5.7k 0.00% Unchanged
38 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 137137 $4.7k $4.7k 0.00% Added +12 +12
39 Global Financial Private Client, LLC 0.00% of their portfolio Sarasota, FL 111111 $3.8k $3.8k 0.00% Unchanged
40 HBC Financial Services, PLLC 0.00% of their portfolio SEATTLE, WA 100100 $3.0k $3.0k 0.00% Unchanged
41 THOMPSON INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio MADISON, WI 6060 $2.1k $2.1k 0.00% Reduced -240 -240
42 Game Plan Financial Advisors, LLC 0.00% of their portfolio WESTLAKE, OH 5050 $1.7k $1.7k 0.00% First filing
43 FSA Wealth Management LLC 0.00% of their portfolio Needham, MA 4747 $2.0k $2.0k 0.00% New
44 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 2020 $692 $692 0.00% New
45 Private Ocean, LLC 0.00% of their portfolio SAN RAFAEL, CA 1414 $485 $485 0.00% New
46 LAFFER TENGLER INVESTMENTS, INC. 0.00% of their portfolio Scottsdale, AZ 1010 $346 $346 0.00% Unchanged
47 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 1010 $346 $346 0.00% New