Vault-13

GRAYSCALE BITCOIN TRUST ETF GBTC

SHS REP COM UT · ETP · CUSIP 389637109

647 institutional holders +600 vs Q4 2023
76,598,14576.6m shares reported held*
$4.8bnreported value*
597 new 8 added 15 reduced 6 sold out net bought ≈ $3.6bn (+57.9m 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 ($242.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $62.87.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 50Q4 22: 48Q1 23: 43Q2 23: 45Q3 23: 44Q4 23: 47Q1 24: 647647Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202250
Q4 202248
Q1 202343
Q2 202345
Q3 202344
Q4 202347
Q1 2024647

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 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 23Q1 24: 605 bought or addedQ1 24: 21 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221425
Q1 2023817
Q2 20231111
Q3 2023813
Q4 20231418
Q1 202460521

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP New +17,271,326+17.3m
MORGAN STANLEY New +12,816,420+12.8m
MILLENNIUM MANAGEMENT LLC New +3,198,194+3.2m
JANE STREET GROUP, LLC New +1,857,678+1.9m
DISCOVERY CAPITAL MANAGEMENT, LLC / CT New +1,396,017+1.4m
Multicoin Capital Management, LLC New +1,321,808+1.3m
BOOTHBAY FUND MANAGEMENT, LLC New +1,100,000+1.1m
STATE OF WISCONSIN INVESTMENT BOARD New +1,013,000+1.0m
LPL Financial LLC New +962,234+962.2k
HighTower Advisors, LLC New +709,956+710.0k

Biggest sellers

HORIZON KINETICS ASSET MANAGEMENT LLC Reduced -630,521-630.5k
KINGSWOOD WEALTH ADVISORS, LLC Reduced -227,750-227.8k
CORRECT CAPITAL WEALTH MANAGEMENT Reduced -208,447-208.4k
Financial Management Professionals, Inc. Reduced -61,349-61.3k
Benedetti & Gucer, Inc. Reduced -43,981-44.0k
HIGHLINE WEALTH PARTNERS LLC Reduced -29,794-29.8k
Next Capital Management LLC Sold out -19,359-19.4k
Tradition Wealth Management, LLC Sold out -17,231-17.2k
International Private Wealth Advisors LLC Sold out -12,201-12.2k
Garde Capital, Inc. Reduced -11,480-11.5k

Insider purchases and sales in Q1 2024

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 Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.63% of their portfolio BALA CYNWYD, PA 17,271,32617.3m $1.1bn $1.1bn 1.63% New
2 HORIZON KINETICS ASSET MANAGEMENT LLC 17.89% of their portfolio NEW YORK, NY 14,974,18715.0m $945.9m $945.9m 17.89% Reduced -630.5k -630,521
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 12,816,42012.8m $809.6m $809.6m 0.02% New
4 MILLENNIUM MANAGEMENT LLC 0.17% of their portfolio NEW YORK, NY 3,198,1943.2m $202.0m $202.0m 0.17% New
5 JANE STREET GROUP, LLC 0.15% of their portfolio NEW YORK, NY 1,857,6781.9m $117.3m $117.3m 0.15% New
6 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 11.99% of their portfolio SOUTH NORWALK, CT 1,396,0171.4m $88.2m $88.2m 11.99% New
7 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.50% of their portfolio SAN FRANCISCO, CA 1,349,0771.3m $85.2m $85.2m 0.50% Not comparable
8 Multicoin Capital Management, LLC 27.75% of their portfolio AUSTIN, TX 1,321,8081.3m $83.5m $83.5m 27.75% New
9 BOOTHBAY FUND MANAGEMENT, LLC 1.94% of their portfolio NEW YORK, NY 1,100,0001.1m $69.5m $69.5m 1.94% New
10 STATE OF WISCONSIN INVESTMENT BOARD 0.17% of their portfolio MADISON, WI 1,013,0001.0m $63.7m $63.7m 0.17% New
11 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 962,234962.2k $60.8m $60.8m 0.03% New
12 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 709,956710.0k $44.8m $44.8m 0.07% New
13 BUCKINGHAM STRATEGIC WEALTH, LLC 0.41% of their portfolio CLAYTON, MO 620,619620.6k $39.2m $39.2m 0.41% New
14 Greenwich Wealth Management LLC 2.72% of their portfolio GREENWICH, CT 540,672540.7k $34.2m $34.2m 2.72% New
15 Sloy Dahl & Holst, LLC 7.78% of their portfolio Vancouver, WA 521,747521.7k $33.0m $33.0m 7.78% New
16 EagleClaw Capital Managment, LLC 5.35% of their portfolio BOSTON, MA 467,895467.9k $29.6m $29.6m 5.35% New
17 Bracebridge Capital, LLC 5.08% of their portfolio BOSTON, MA 419,910419.9k $26.5m $26.5m 5.08% New
18 MAD RIVER INVESTORS 17.53% of their portfolio BOSTON, MA 399,725399.7k $25.3m $25.3m 17.53% New
19 Moors & Cabot, Inc. 1.33% of their portfolio BOSTON, MA 387,030387.0k $24.4m $24.4m 1.33% New
20 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 357,381357.4k $22.6m $22.6m 0.05% New
21 Global Assets Advisory, LLC 0.22% of their portfolio ORLANDO, FL 349,514349.5k $5.6k $5.6k 0.22% New
22 Ovata Capital Management Ltd 11.25% of their portfolio HONG KONG, K3 342,200342.2k $21.6m $21.6m 11.25% New
23 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 341,473341.5k $21.6m $21.6m 0.08% New
24 Hunting Hill Global Capital, LLC 12.51% of their portfolio New York, NY 337,416337.4k $21.3m $21.3m 12.51% New
25 One Charles Private Wealth Services, LLC 8.36% of their portfolio HINGHAM, MA 303,808303.8k $19.2m $19.2m 8.36% New
26 CORRECT CAPITAL WEALTH MANAGEMENT 4.43% of their portfolio CLAYTON, MO 303,420303.4k $19.2m $19.2m 4.43% Reduced -208.4k -208,447
27 KINGSWOOD WEALTH ADVISORS, LLC 2.16% of their portfolio SAN DIEGO, CA 296,220296.2k $18.7m $18.7m 2.16% Reduced -227.8k -227,750
28 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 283,308283.3k $17.9m $17.9m 0.03% New
29 Cresset Asset Management, LLC 0.08% of their portfolio Chicago, IL 250,468250.5k $15.8m $15.8m 0.08% New
30 HBK INVESTMENTS L P 0.37% of their portfolio DALLAS, TX 233,187233.2k $14.7m $14.7m 0.37% Not comparable
31 HFG Wealth Management, LLC 8.03% of their portfolio The Woodlands, TX 215,760215.8k $13.6m $13.6m 8.03% New
32 Focus Partners Wealth 0.10% of their portfolio ST LOUIS, MO 199,399199.4k $12.6m $12.6m 0.10% New
33 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 193,292193.3k $12.2m $12.2m 0.03% New
34 SAPIENT CAPITAL LLC 0.26% of their portfolio INDIANAPOLIS, IN 187,718187.7k $11.9m $11.9m 0.26% New
35 Sculptor Capital LP 0.26% of their portfolio New York, NY 184,914184.9k $11.7m $11.7m 0.26% New
36 Sequoia Financial Advisors, LLC 0.14% of their portfolio Akron, OH 174,976175.0k $11.1m $11.1m 0.14% New
37 SCOPUS ASSET MANAGEMENT, L.P. 0.36% of their portfolio NEW YORK, NY 174,876174.9k $11.0m $11.0m 0.36% New
38 Kestra Advisory Services, LLC 0.07% of their portfolio AUSTIN, TX 171,509171.5k $10.8m $10.8m 0.07% New
39 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 168,151168.2k $10.6m $10.6m 0.00% New
40 RBF Capital, LLC 0.53% of their portfolio RENO, NV 150,000150.0k $9.5m $9.5m 0.53% New
41 COWEN AND COMPANY, LLC 0.37% of their portfolio NEW YORK, NY 148,000148.0k $9.3m $9.3m 0.37% New
42 Aristides Capital LLC 3.94% of their portfolio LOUISVILLE, KY 147,131147.1k $9.3m $9.3m 3.94% Added +132.0k +132,041
43 Birch Hill Investment Advisors LLC 0.42% of their portfolio Boston, MA 137,511137.5k $8.7m $8.7m 0.42% New
44 Brookstone Capital Management 0.15% of their portfolio WHEATON, IL 133,533133.5k $8.4m $8.4m 0.15% New
45 Mariner, LLC 0.02% of their portfolio Overland Park, KS 133,285133.3k $8.4m $8.4m 0.02% New
46 Fielder Capital Group LLC 3.69% of their portfolio NASHVILLE, TN 130,756130.8k $8.3m $8.3m 3.69% New
47 LAKEWOOD CAPITAL MANAGEMENT, LP 0.68% of their portfolio New York, NY 123,500123.5k $7.8m $7.8m 0.68% New
48 TRAPHAGEN INVESTMENT ADVISORS LLC 0.79% of their portfolio ORADELL, NJ 117,191117.2k $7.4m $7.4m 0.79% New
49 INDEPENDENT FINANCIAL GROUP, LLC 0.33% of their portfolio SAN DIEGO, CA 115,345115.3k $7.3m $7.3m 0.33% New
50 Foundations Investment Advisors, LLC 0.19% of their portfolio PHOENIX, AZ 112,161112.2k $7.1m $7.1m 0.19% New
51 Claro Advisors Inc. 1.23% of their portfolio BOSTON, MA 111,927111.9k $7.1m $7.1m 1.23% New
52 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 108,846108.8k $6.9m $6.9m 0.02% New
53 Redhawk Wealth Advisors, Inc. 1.12% of their portfolio MINNEAPOLIS, MN 108,610108.6k $6.9m $6.9m 1.12% New
54 ONCE CAPITAL MANAGEMENT, LLC 3.98% of their portfolio NEW YORK, NY 107,700107.7k $6.8m $6.8m 3.98% New
55 Legacy Wealth Asset Management, LLC 1.84% of their portfolio WOODBURY, MN 104,705104.7k $6.6m $6.6m 1.84% New
56 MONECO ADVISORS, LLC 1.05% of their portfolio FAIRFIELD, CT 104,630104.6k $6.6m $6.6m 1.05% New
57 FLOW TRADERS U.S. LLC 0.35% of their portfolio NEW YORK, NY 104,432104.4k $6.6m $6.6m 0.35% New
58 WOLVERINE TRADING, LLC 0.07% of their portfolio CHICAGO, IL 103,944103.9k $6.6m $6.6m 0.07% New
59 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 94,90094.9k $6.0m $6.0m 0.01% New
60 Van Hulzen Asset Management, LLC 0.39% of their portfolio EL DORADO HILLS, CA 93,15693.2k $5.9m $5.9m 0.39% New
61 BECK CAPITAL MANAGEMENT, LLC 1.57% of their portfolio AUSTIN, TX 86,65686.7k $5.5m $5.5m 1.57% New
62 Zhang Financial LLC 0.40% of their portfolio PORTAGE, MI 84,90784.9k $5.4m $5.4m 0.40% New
63 BLUE SQUARE ASSET MANAGEMENT, LLC 3.48% of their portfolio NEW YORK, NY 82,90482.9k $5.2m $5.2m 3.48% New
64 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 81,78381.8k $5.2m $5.2m 0.01% New
65 HOWE & RUSLING INC 0.49% of their portfolio ROCHESTER, NY 81,55181.6k $5.2m $5.2m 0.49% New
66 NewEdge Wealth, LLC 0.10% of their portfolio STAMFORD, CT 81,15881.2k $4.3m $4.3m 0.10% New
67 Intellectus Partners, LLC 1.32% of their portfolio SAN FRANCISCO, CA 79,66979.7k $5.0m $5.0m 1.32% New
68 Fiduciary Trust Co 0.08% of their portfolio Boston, MA 79,01579.0k $5.0m $5.0m 0.08% New
69 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 78,83478.8k $5.0m $5.0m 0.04% New
70 CIBC Private Wealth Group LLC 0.01% of their portfolio ATLANTA, GA 78,80878.8k $4.9m $4.9m 0.01% New
71 AlphaQ Advisors LLC 2.95% of their portfolio Winter Park, FL 77,65277.7k $4.9m $4.9m 2.95% New
72 Simplicity Wealth,LLC 0.11% of their portfolio SUMMIT, NJ 75,48075.5k $4.8m $4.8m 0.11% New
73 Bleakley Financial Group, LLC 0.14% of their portfolio PARSIPPANY, NJ 75,48075.5k $4.8m $4.8m 0.14% New
74 Ascension Capital Advisors, Inc. 2.64% of their portfolio Houston, TX 75,23275.2k $4.8m $4.8m 2.64% New
75 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 75,10475.1k $4.7m $4.7m 0.01% New
76 Carnegie Investment Counsel 0.14% of their portfolio PEPPER PIKE, OH 72,93172.9k $4.6m $4.6m 0.14% New
77 Pekin Hardy Strauss, Inc. 0.62% of their portfolio CHICAGO, IL 72,27372.3k $4.6m $4.6m 0.62% New
78 Guild Investment Management, Inc. 5.52% of their portfolio WESTLAKE VILLAGE, CA 68,40068.4k $4.3m $4.3m 5.52% New
79 KESTRA PRIVATE WEALTH SERVICES, LLC 0.09% of their portfolio AUSTIN, TX 66,47866.5k $4.2m $4.2m 0.09% New
80 SELDON CAPITAL LP 2.53% of their portfolio SAN FRANCISCO, CA 66,10766.1k $4.2m $4.2m 2.53% New
81 Visionary Wealth Advisors 0.28% of their portfolio O'FALLON, IL 65,78865.8k $4.2m $4.2m 0.28% New
82 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 64,84064.8k $4.1m $4.1m 0.02% New
83 FAGAN ASSOCIATES, INC. 0.74% of their portfolio TROY, NY 62,36062.4k $3.9m $3.9m 0.74% New
84 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 61,27461.3k $3.9m $3.9m 0.01% New
85 Bray Capital Advisors 0.96% of their portfolio Naples, FL 60,11260.1k $3.8m $3.8m 0.96% New
86 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 59,80059.8k $3.8m $3.8m 0.04% New
87 EPIQ PARTNERS, LLC 2.49% of their portfolio MINNEAPOLIS, MN 59,25059.2k $3.7m $3.7m 2.49% New
88 NTV Asset Management LLC 0.56% of their portfolio Charleston, WV 58,29758.3k $3.7m $3.7m 0.56% New
89 Convergence Financial, LLC 1.52% of their portfolio COLUMBIA, MO 58,11358.1k $3.7m $3.7m 1.52% New
90 Smithfield Trust Co 0.19% of their portfolio PITTSBURGH, PA 56,19556.2k $3.5m $3.5m 0.19% New
91 Merit Financial Group, LLC 0.07% of their portfolio ALPHARETTA, GA 55,72255.7k $3.1m $3.1m 0.07% New
92 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 53,32653.3k $3.4m $3.4m 0.00% New
93 Fiduciary Alliance LLC 0.58% of their portfolio GREENVILLE, SC 53,27953.3k $3.3m $3.3m 0.58% New
94 Virtu Financial LLC 0.26% of their portfolio New York, NY 52,98953.0k $3.3m $3.3m 0.26% New
95 Independent Advisor Alliance 0.12% of their portfolio CHARLOTTE, NC 52,41052.4k $3.3m $3.3m 0.12% New
96 Sowell Financial Services LLC 0.16% of their portfolio NORTH LITTLE ROCK, AR 52,19352.2k $3.3m $3.3m 0.16% New
97 Cyndeo Wealth Partners, LLC 0.27% of their portfolio ST. PETERSBURG, FL 51,41151.4k $3.2m $3.2m 0.27% New
98 Marathon Trading Investment Management LLC 1.25% of their portfolio RADNOR, PA 50,00050.0k $3.2m $3.2m 1.25% New
99 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 48,48148.5k $3.1m $3.1m 0.00% New
100 Wealthspire Advisors, LLC 0.04% of their portfolio NEW YORK, NY 47,89347.9k $3.0m $3.0m 0.04% New