Vault-13

GRAYSCALE BITCOIN TRUST ETF GBTC

SHS REP COM UT · ETP · CUSIP 389637109

662 institutional holders +15 vs Q1 2024
50,237,99350.2m shares reported held*
$2.7bnreported value*
113 new 126 added 220 reduced 94 sold out net sold ≈ $1.3bn (-24.8m 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 ($204.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.06.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 50Q4 22: 48Q1 23: 43Q2 23: 45Q3 23: 44Q4 23: 47Q1 24: 647Q2 24: 662662Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202250
Q4 202248
Q1 202343
Q2 202345
Q3 202344
Q4 202347
Q1 2024647
Q2 2024662

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 outQ2 23: 11 bought or addedQ2 23: 11 cut or sold outQ2 23Q3 23: 8 bought or addedQ3 23: 13 cut or sold outQ4 23: 14 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 605 bought or addedQ1 24: 21 cut or sold outQ2 24: 239 bought or addedQ2 24: 314 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221425
Q1 2023817
Q2 20231111
Q3 2023813
Q4 20231418
Q1 202460521
Q2 2024239314

Biggest buyers

GOLDMAN SACHS GROUP INC New +660,183+660.2k
Wealthfront Advisers LLC New +531,021+531.0k
Beaumont Financial Advisors, LLC New +363,536+363.5k
Focus Partners Wealth Added +258,173+258.2k
FLOW TRADERS U.S. LLC Added +183,946+183.9k
Strategic Financial Concepts, LLC Added +180,830+180.8k
Aristides Capital LLC Added +147,131+147.1k
Pasadena Private Wealth, LLC New +131,292+131.3k
Red Door Wealth Management, LLC New +96,430+96.4k
IMC-Chicago, LLC New +95,053+95.1k

Biggest sellers

MORGAN STANLEY Reduced -12,813,640-12.8m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -7,258,839-7.3m
MILLENNIUM MANAGEMENT LLC Reduced -1,657,330-1.7m
JANE STREET GROUP, LLC Reduced -1,546,660-1.5m
STATE OF WISCONSIN INVESTMENT BOARD Sold out -1,013,000-1.0m
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Reduced -793,400-793.4k
Bracebridge Capital, LLC Sold out -419,910-419.9k
Global Assets Advisory, LLC Reduced -342,438-342.4k
CORRECT CAPITAL WEALTH MANAGEMENT Reduced -275,738-275.7k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -224,058-224.1k

Insider purchases and sales in Q2 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 Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HORIZON KINETICS ASSET MANAGEMENT LLC 13.88% of their portfolio NEW YORK, NY 14,917,44814.9m $794.2m $794.2m 13.88% Reduced -56.7k -56,739
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.93% of their portfolio BALA CYNWYD, PA 10,012,48710.0m $533.1m $533.1m 0.93% Reduced -7.3m -7,258,839
3 MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 1,540,8641.5m $82.0m $82.0m 0.07% Reduced -1.7m -1,657,330
4 Multicoin Capital Management, LLC 22.85% of their portfolio AUSTIN, TX 1,321,8081.3m $70.4m $70.4m 22.85% Unchanged
5 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,030,9321.0m $54.9m $54.9m 0.03% Added +68.7k +68,698
6 BOOTHBAY FUND MANAGEMENT, LLC 1.43% of their portfolio NEW YORK, NY 875,942875.9k $46.6m $46.6m 1.43% Reduced -224.1k -224,058
7 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 710,499710.5k $37.8m $37.8m 0.06% Added +543 +543
8 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 660,183660.2k $35.1m $35.1m 0.01% New
9 BUCKINGHAM STRATEGIC WEALTH, LLC 0.33% of their portfolio CLAYTON, MO 602,940602.9k $32.1m $32.1m 0.33% Reduced -17.7k -17,679
10 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 4.26% of their portfolio SOUTH NORWALK, CT 602,617602.6k $32.1m $32.1m 4.26% Reduced -793.4k -793,400
11 Greenwich Wealth Management LLC 2.09% of their portfolio GREENWICH, CT 538,564538.6k $28.7m $28.7m 2.09% Reduced -2.1k -2,108
12 Wealthfront Advisers LLC 0.10% of their portfolio Palo Alto, CA 531,021531.0k $28.3m $28.3m 0.10% New
13 EagleClaw Capital Managment, LLC 4.46% of their portfolio BOSTON, MA 465,170465.2k $24.8m $24.8m 4.46% Reduced -2.7k -2,725
14 Focus Partners Wealth 0.08% of their portfolio ST LOUIS, MO 457,572457.6k $24.4m $24.4m 0.08% Added +258.2k +258,173
15 Sloy Dahl & Holst, LLC 4.38% of their portfolio Vancouver, WA 391,436391.4k $20.8m $20.8m 4.38% Reduced -130.3k -130,311
16 Moors & Cabot, Inc. 1.04% of their portfolio BOSTON, MA 367,670367.7k $19.6m $19.6m 1.04% Reduced -19.4k -19,360
17 Beaumont Financial Advisors, LLC 1.55% of their portfolio NEEDHAM, MA 363,536363.5k $19.4m $19.4m 1.55% New
18 Ovata Capital Management Ltd 9.90% of their portfolio HONG KONG, K3 342,200342.2k $18.2m $18.2m 9.90% Unchanged
19 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 311,018311.0k $16.6m $16.6m 0.02% Reduced -1.5m -1,546,660
20 MAD RIVER INVESTORS 10.97% of their portfolio BOSTON, MA 307,558307.6k $16.4m $16.4m 10.97% Reduced -92.2k -92,167
21 One Charles Private Wealth Services, LLC 6.67% of their portfolio HINGHAM, MA 301,202301.2k $16.0m $16.0m 6.67% Reduced -2.6k -2,606
22 KINGSWOOD WEALTH ADVISORS, LLC 1.42% of their portfolio SAN DIEGO, CA 295,282295.3k $15.7m $15.7m 1.42% Reduced -938 -938
23 Aristides Capital LLC 3.28% of their portfolio LOUISVILLE, KY 294,262294.3k $15.7m $15.7m 3.28% Added +147.1k +147,131
24 FLOW TRADERS U.S. LLC 0.76% of their portfolio NEW YORK, NY 288,378288.4k $15.4m $15.4m 0.76% Added +183.9k +183,946
25 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 288,336288.3k $15.4m $15.4m 0.04% Reduced -69.0k -69,045
26 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 288,282288.3k $15.3m $15.3m 0.06% Reduced -53.2k -53,191
27 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 279,742279.7k $14.9m $14.9m 0.02% Reduced -3.6k -3,566
28 Cresset Asset Management, LLC 0.06% of their portfolio Chicago, IL 246,056246.1k $13.1m $13.1m 0.06% Reduced -4.4k -4,412
29 SCOPUS ASSET MANAGEMENT, L.P. 0.33% of their portfolio NEW YORK, NY 200,000200.0k $10.6m $10.6m 0.33% Added +25.1k +25,124
30 Hunting Hill Global Capital, LLC 5.27% of their portfolio New York, NY 200,000200.0k $10.6m $10.6m 5.27% Reduced -137.4k -137,416
31 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 190,249190.2k $10.1m $10.1m 0.02% Reduced -3.0k -3,043
32 Strategic Financial Concepts, LLC 0.01% of their portfolio SAN ANTONIO, TX 184,686184.7k $20.7k $20.7k 0.01% Added +180.8k +180,830
33 Sequoia Financial Advisors, LLC 0.11% of their portfolio Akron, OH 174,948174.9k $9.3m $9.3m 0.11% Reduced -28 -28
34 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 162,879162.9k $8.2m $8.2m 0.05% Reduced -8.6k -8,630
35 HFG Wealth Management, LLC 5.45% of their portfolio The Woodlands, TX 160,617160.6k $8.6m $8.6m 5.45% Reduced -55.1k -55,143
36 RBF Capital, LLC 0.47% of their portfolio RENO, NV 150,000150.0k $8.0m $8.0m 0.47% Unchanged
37 COWEN AND COMPANY, LLC 0.22% of their portfolio NEW YORK, NY 148,000148.0k $7.9m $7.9m 0.22% Unchanged
38 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 146,951147.0k $7.8m $7.8m 0.00% Reduced -21.2k -21,200
39 Mariner, LLC 0.02% of their portfolio Overland Park, KS 145,811145.8k $7.8m $7.8m 0.02% Added +12.5k +12,526
40 Birch Hill Investment Advisors LLC 0.35% of their portfolio Boston, MA 137,511137.5k $7.3m $7.3m 0.35% Unchanged
41 Virtu Financial LLC 0.51% of their portfolio New York, NY 137,123137.1k $7.3m $7.3m 0.51% Added +84.1k +84,134
42 Pasadena Private Wealth, LLC 1.62% of their portfolio PASADENA, CA 131,292131.3k $7.0m $7.0m 1.62% New
43 Fielder Capital Group LLC 2.64% of their portfolio NASHVILLE, TN 128,790128.8k $6.9m $6.9m 2.64% Reduced -2.0k -1,966
44 Brookstone Capital Management 0.12% of their portfolio WHEATON, IL 127,195127.2k $7.3m $7.3m 0.12% Reduced -6.3k -6,338
45 LAKEWOOD CAPITAL MANAGEMENT, LP 0.57% of their portfolio New York, NY 123,500123.5k $6.6m $6.6m 0.57% Unchanged
46 INDEPENDENT FINANCIAL GROUP, LLC 0.25% of their portfolio SAN DIEGO, CA 116,006116.0k $6.2m $6.2m 0.25% Added +661 +661
47 Foundations Investment Advisors, LLC 0.15% of their portfolio PHOENIX, AZ 112,631112.6k $6.0m $6.0m 0.15% Added +470 +470
48 Claro Advisors Inc. 0.91% of their portfolio BOSTON, MA 109,782109.8k $5.8m $5.8m 0.91% Reduced -2.1k -2,145
49 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 108,496108.5k $5.8m $5.8m 0.02% Reduced -350 -350
50 ONCE CAPITAL MANAGEMENT, LLC 2.84% of their portfolio NEW YORK, NY 107,700107.7k $5.7m $5.7m 2.84% Unchanged
51 TRAPHAGEN INVESTMENT ADVISORS LLC 0.61% of their portfolio ORADELL, NJ 106,128106.1k $5.7m $5.7m 0.61% Reduced -11.1k -11,063
52 Red Door Wealth Management, LLC 0.90% of their portfolio Memphis, TN 96,43096.4k $5.1m $5.1m 0.90% New
53 IMC-Chicago, LLC 0.16% of their portfolio CHICAGO, IL 95,05395.1k $5.1m $5.1m 0.16% New
54 Legacy Wealth Asset Management, LLC 1.42% of their portfolio WOODBURY, MN 94,86194.9k $5.1m $5.1m 1.42% Reduced -9.8k -9,844
55 Van Hulzen Asset Management, LLC 0.34% of their portfolio EL DORADO HILLS, CA 94,50694.5k $5.0m $5.0m 0.34% Added +1.4k +1,350
56 BLUE SQUARE ASSET MANAGEMENT, LLC 2.87% of their portfolio NEW YORK, NY 92,33492.3k $4.9m $4.9m 2.87% Added +9.4k +9,430
57 Independent Advisor Alliance 0.16% of their portfolio CHARLOTTE, NC 88,02888.0k $4.7m $4.7m 0.16% Added +35.6k +35,618
58 BECK CAPITAL MANAGEMENT, LLC 1.26% of their portfolio AUSTIN, TX 85,77585.8k $4.6m $4.6m 1.26% Reduced -881 -881
59 DRW Securities, LLC 0.27% of their portfolio CHICAGO, IL 83,35183.4k $4.4m $4.4m 0.27% New
60 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 82,85782.9k $4.4m $4.4m 0.00% Added +1.1k +1,074
61 HOWE & RUSLING INC 0.40% of their portfolio ROCHESTER, NY 81,55181.6k $4.3m $4.3m 0.40% Unchanged
62 NewEdge Wealth, LLC 0.09% of their portfolio STAMFORD, CT 80,95881.0k $4.3m $4.3m 0.09% Reduced -200 -200
63 Fiduciary Trust Co 0.06% of their portfolio Boston, MA 79,01579.0k $4.2m $4.2m 0.06% Unchanged
64 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 77,29277.3k $4.1m $4.1m 0.01% Added +2.2k +2,188
65 MONECO ADVISORS, LLC 0.60% of their portfolio FAIRFIELD, CT 77,17077.2k $4.1m $4.1m 0.60% Reduced -27.5k -27,460
66 Intellectus Partners, LLC 1.12% of their portfolio SAN FRANCISCO, CA 76,76976.8k $4.1m $4.1m 1.12% Reduced -2.9k -2,900
67 Ascension Capital Advisors, Inc. 2.11% of their portfolio Houston, TX 74,52274.5k $4.0m $4.0m 2.11% Reduced -710 -710
68 Pekin Hardy Strauss, Inc. 0.53% of their portfolio CHICAGO, IL 71,85771.9k $3.8m $3.8m 0.53% Reduced -416 -416
69 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 68,13368.1k $3.6m $3.6m 0.03% Reduced -10.7k -10,701
70 Guild Investment Management, Inc. 4.11% of their portfolio WESTLAKE VILLAGE, CA 67,59567.6k $3.6m $3.6m 4.11% Reduced -805 -805
71 SELDON CAPITAL LP 1.92% of their portfolio SAN FRANCISCO, CA 66,10766.1k $3.5m $3.5m 1.92% Unchanged
72 Global Retirement Partners, LLC 0.11% of their portfolio San Rafael, CA 65,54365.5k $3.5m $3.5m 0.11% Added +25.7k +25,720
73 Verde Capital Management 1.08% of their portfolio CLARKSTON, MI 64,12164.1k $3.4m $3.4m 1.08% New
74 Fiduciary Alliance LLC 0.57% of their portfolio GREENVILLE, SC 63,56963.6k $3.5m $3.5m 0.57% Added +10.3k +10,290
75 KESTRA PRIVATE WEALTH SERVICES, LLC 0.07% of their portfolio AUSTIN, TX 62,99663.0k $3.4m $3.4m 0.07% Reduced -3.5k -3,482
76 FAGAN ASSOCIATES, INC. 0.58% of their portfolio TROY, NY 61,86061.9k $3.3m $3.3m 0.58% Reduced -500 -500
77 Bray Capital Advisors 0.80% of their portfolio Naples, FL 60,11260.1k $3.2m $3.2m 0.80% Unchanged
78 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 59,65659.7k $3.2m $3.2m 0.00% Added +13.6k +13,645
79 Simplicity Wealth,LLC 0.07% of their portfolio SUMMIT, NJ 59,04059.0k $3.1m $3.1m 0.07% Reduced -16.4k -16,440
80 Bleakley Financial Group, LLC 0.09% of their portfolio PARSIPPANY, NJ 59,04059.0k $3.1m $3.1m 0.09% Reduced -16.4k -16,440
81 EPIQ PARTNERS, LLC 2.13% of their portfolio MINNEAPOLIS, MN 59,00059.0k $3.1m $3.1m 2.13% Reduced -250 -250
82 Redhawk Wealth Advisors, Inc. 0.48% of their portfolio MINNEAPOLIS, MN 58,86258.9k $3.1m $3.1m 0.48% Reduced -49.7k -49,748
83 NTV Asset Management LLC 0.45% of their portfolio Charleston, WV 58,48758.5k $3.1m $3.1m 0.45% Added +190 +190
84 Convergence Financial, LLC 0.82% of their portfolio COLUMBIA, MO 58,48258.5k $3.1m $3.1m 0.82% Added +369 +369
85 Smithfield Trust Co 0.16% of their portfolio PITTSBURGH, PA 56,19556.2k $3.0m $3.0m 0.16% Unchanged
86 Merit Financial Group, LLC 0.07% of their portfolio ALPHARETTA, GA 55,72255.7k $3.0m $3.0m 0.07% Unchanged
87 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 53,98654.0k $2.9m $2.9m 0.03% Reduced -5.8k -5,814
88 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 53,54553.5k $2.9m $2.9m 0.00% Added +219 +219
89 Sowell Financial Services LLC 0.13% of their portfolio NORTH LITTLE ROCK, AR 52,01452.0k $2.8m $2.8m 0.13% Reduced -179 -179
90 Advisory Services Network, LLC 0.06% of their portfolio ATLANTA, GA 51,63351.6k $2.7m $2.7m 0.06% Added +4.7k +4,690
91 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 51,39151.4k $2.7m $2.7m 0.01% Reduced -9.9k -9,883
92 Carnegie Investment Counsel 0.08% of their portfolio PEPPER PIKE, OH 49,82149.8k $2.7m $2.7m 0.08% Reduced -23.1k -23,110
93 FinTrust Capital Advisors, LLC 0.47% of their portfolio Greenville, SC 48,89648.9k $2.6m $2.6m 0.47% Added +2.5k +2,500
94 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 48,48148.5k $2.6m $2.6m 0.00% Unchanged
95 Wealthspire Advisors, LLC 0.03% of their portfolio NEW YORK, NY 47,57147.6k $2.5m $2.5m 0.03% Reduced -322 -322
96 Compass Ion Advisors, LLC 0.43% of their portfolio CONSHOHOCKEN, PA 47,18147.2k $3.0m $3.0m 0.43% Unchanged
97 Cyndeo Wealth Partners, LLC 0.19% of their portfolio ST. PETERSBURG, FL 46,36846.4k $2.5m $2.5m 0.19% Reduced -5.0k -5,043
98 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 46,16946.2k $2.3m $2.3m 0.00% Reduced -32.6k -32,639
99 Proficio Capital Partners LLC 0.26% of their portfolio NEWTON, MA 46,11246.1k $2.5m $2.5m 0.26% Unchanged
100 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 45,33345.3k $2.4m $2.4m 0.01% Reduced -19.5k -19,507