Vault-13

GRAYSCALE BITCOIN TRUST ETF GBTC

SHS REP COM UT · ETP · CUSIP 389637109

620 institutional holders -42 vs Q2 2024
36,796,05336.8m shares reported held*
$1.8bnreported value*
34 new 143 added 214 reduced 76 sold out net sold ≈ $685.3m (-12.9m 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. Holder counts are more reliable. Implied quarter-end price ≈ $49.31.

Trends to Q3 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: 662Q3 24: 620620Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202250
Q4 202248
Q1 202343
Q2 202345
Q3 202344
Q4 202347
Q1 2024647
Q2 2024662
Q3 2024620

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 outQ1 23: 8 bought or addedQ1 23: 17 cut or sold outQ1 23Q2 23: 11 bought or addedQ2 23: 11 cut or sold outQ3 23: 8 bought or addedQ3 23: 13 cut or sold outQ3 23Q4 23: 14 bought or addedQ4 23: 18 cut or sold outQ1 24: 605 bought or addedQ1 24: 21 cut or sold outQ1 24Q2 24: 239 bought or addedQ2 24: 314 cut or sold outQ3 24: 177 bought or addedQ3 24: 290 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221425
Q1 2023817
Q2 20231111
Q3 2023813
Q4 20231418
Q1 202460521
Q2 2024239314
Q3 2024177290

Biggest buyers

GOLDMAN SACHS GROUP INC Added +762,886+762.9k
Greenwich Wealth Management LLC Added +538,256+538.3k
HORIZON KINETICS ASSET MANAGEMENT LLC Added +290,612+290.6k
Focus Partners Wealth Added +270,469+270.5k
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Added +189,585+189.6k
Atlas Wealth Partners, LLC New +153,932+153.9k
LPL Financial LLC Added +85,796+85.8k
MAD RIVER INVESTORS Added +82,187+82.2k
Cresset Asset Management, LLC Added +80,582+80.6k
ICONIQ Capital, LLC New +77,932+77.9k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -9,974,779-10.0m
MILLENNIUM MANAGEMENT LLC Reduced -1,440,864-1.4m
BOOTHBAY FUND MANAGEMENT, LLC Sold out -875,942-875.9k
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Sold out -602,617-602.6k
FLOW TRADERS U.S. LLC Sold out -288,378-288.4k
Sloy Dahl & Holst, LLC Reduced -243,911-243.9k
JANE STREET GROUP, LLC Reduced -212,668-212.7k
Hunting Hill Global Capital, LLC Sold out -200,000-200.0k
Strategic Financial Concepts, LLC Sold out -184,686-184.7k
SCOPUS ASSET MANAGEMENT, L.P. Reduced -160,015-160.0k

Insider purchases and sales in Q3 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 Q3 2024.

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HORIZON KINETICS ASSET MANAGEMENT LLC 11.50% of their portfolio NEW YORK, NY 15,208,06015.2m $768.0m $768.0m 11.50% Added +290.6k +290,612
2 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,423,0691.4m $71.9m $71.9m 0.01% Added +762.9k +762,886
3 Multicoin Capital Management, LLC 25.24% of their portfolio AUSTIN, TX 1,321,8081.3m $66.8m $66.8m 25.24% Unchanged
4 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,116,7281.1m $56.4m $56.4m 0.03% Added +85.8k +85,796
5 Greenwich Wealth Management LLC 2.06% of their portfolio GREENWICH, CT 1,076,8201.1m $30.2m $30.2m 2.06% Added +538.3k +538,256
6 Focus Partners Wealth 0.09% of their portfolio ST LOUIS, MO 728,041728.0k $28.5m $28.5m 0.09% Added +270.5k +270,469
7 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 690,512690.5k $34.9m $34.9m 0.05% Reduced -20.0k -19,987
8 Wealthfront Advisers LLC 0.08% of their portfolio Palo Alto, CA 505,310505.3k $25.5m $25.5m 0.08% Reduced -25.7k -25,711
9 EagleClaw Capital Managment, LLC 3.42% of their portfolio BOSTON, MA 404,550404.6k $20.4m $20.4m 3.42% Reduced -60.6k -60,620
10 MAD RIVER INVESTORS 10.92% of their portfolio BOSTON, MA 389,745389.7k $19.7m $19.7m 10.92% Added +82.2k +82,187
11 Moors & Cabot, Inc. 0.93% of their portfolio BOSTON, MA 368,975369.0k $18.6m $18.6m 0.93% Added +1.3k +1,305
12 Beaumont Financial Advisors, LLC 1.43% of their portfolio NEEDHAM, MA 362,172362.2k $18.3m $18.3m 1.43% Reduced -1.4k -1,364
13 Cresset Asset Management, LLC 0.06% of their portfolio Chicago, IL 326,638326.6k $16.5m $16.5m 0.06% Added +80.6k +80,582
14 Ovata Capital Management Ltd 6.46% of their portfolio HONG KONG, K3 302,300302.3k $15.3m $15.3m 6.46% Reduced -39.9k -39,900
15 One Charles Private Wealth Services, LLC 5.75% of their portfolio HINGHAM, MA 299,215299.2k $15.1m $15.1m 5.75% Reduced -2.0k -1,987
16 KINGSWOOD WEALTH ADVISORS, LLC 1.07% of their portfolio SAN DIEGO, CA 296,762296.8k $15.0m $15.0m 1.07% Added +1.5k +1,480
17 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 289,202289.2k $14.6m $14.6m 0.05% Added +920 +920
18 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 259,441259.4k $13.1m $13.1m 0.02% Reduced -20.3k -20,301
19 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 246,458246.5k $12.4m $12.4m 0.03% Reduced -41.9k -41,878
20 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio ORLANDO, FL 193,415193.4k $3.8k $3.8k 0.01% Added +189.6k +189,585
21 Sequoia Financial Advisors, LLC 0.10% of their portfolio Akron, OH 180,068180.1k $9.1m $9.1m 0.10% Added +5.1k +5,120
22 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 175,081175.1k $8.8m $8.8m 0.02% Reduced -15.2k -15,168
23 HFG Wealth Management, LLC 5.45% of their portfolio The Woodlands, TX 160,617160.6k $8.6m $8.6m 5.45% Unchanged
24 Atlas Wealth Partners, LLC 11.85% of their portfolio WYOMISSING, PA 153,932153.9k $7.8m $7.8m 11.85% New
25 RBF Capital, LLC 0.39% of their portfolio RENO, NV 150,000150.0k $7.6m $7.6m 0.39% Unchanged
26 Sloy Dahl & Holst, LLC 1.27% of their portfolio Vancouver, WA 147,525147.5k $7.5m $7.5m 1.27% Reduced -243.9k -243,911
27 Aristides Capital LLC 3.08% of their portfolio LOUISVILLE, KY 147,131147.1k $7.4m $7.4m 3.08% Reduced -147.1k -147,131
28 Mariner, LLC 0.01% of their portfolio Overland Park, KS 140,252140.3k $7.1m $7.1m 0.01% Reduced -5.6k -5,559
29 Pasadena Private Wealth, LLC 1.49% of their portfolio PASADENA, CA 138,691138.7k $7.0m $7.0m 1.49% Added +7.4k +7,399
30 Birch Hill Investment Advisors LLC 0.33% of their portfolio Boston, MA 137,511137.5k $6.9m $6.9m 0.33% Unchanged
31 Guild Investment Management, Inc. 4.17% of their portfolio WESTLAKE VILLAGE, CA 135,190135.2k $3.8m $3.8m 4.17% Added +67.6k +67,595
32 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 129,716129.7k $6.6m $6.6m 0.04% Reduced -33.2k -33,163
33 Fielder Capital Group LLC 2.14% of their portfolio NASHVILLE, TN 128,364128.4k $6.5m $6.5m 2.14% Reduced -426 -426
34 Brookstone Capital Management 0.09% of their portfolio WHEATON, IL 126,621126.6k $6.4m $6.4m 0.09% Reduced -574 -574
35 LAKEWOOD CAPITAL MANAGEMENT, LP 0.51% of their portfolio New York, NY 123,500123.5k $6.2m $6.2m 0.51% Unchanged
36 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 123,013123.0k $6.2m $6.2m 0.00% Reduced -23.9k -23,938
37 Foundations Investment Advisors, LLC 0.12% of their portfolio PHOENIX, AZ 114,446114.4k $5.8m $5.8m 0.12% Added +1.8k +1,815
38 INDEPENDENT FINANCIAL GROUP, LLC 0.21% of their portfolio SAN DIEGO, CA 112,142112.1k $5.7m $5.7m 0.21% Reduced -3.9k -3,864
39 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 108,296108.3k $5.5m $5.5m 0.02% Reduced -200 -200
40 Claro Advisors Inc. 0.70% of their portfolio BOSTON, MA 107,800107.8k $5.4m $5.4m 0.70% Reduced -2.0k -1,982
41 ONCE CAPITAL MANAGEMENT, LLC 2.47% of their portfolio NEW YORK, NY 107,700107.7k $5.4m $5.4m 2.47% Unchanged
42 BLUE SQUARE ASSET MANAGEMENT, LLC 2.91% of their portfolio NEW YORK, NY 107,323107.3k $5.4m $5.4m 2.91% Added +15.0k +14,989
43 Larson Financial Group LLC 0.29% of their portfolio ST LOUIS, MO 102,433102.4k $5.2m $5.2m 0.29% Added +68.8k +68,768
44 TRAPHAGEN INVESTMENT ADVISORS LLC 0.52% of their portfolio ORADELL, NJ 101,337101.3k $5.1m $5.1m 0.52% Reduced -4.8k -4,791
45 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 100,000100.0k $5.0m $5.0m 0.00% Reduced -1.4m -1,440,864
46 Independent Advisor Alliance 0.18% of their portfolio CHARLOTTE, NC 98,51298.5k $5.0m $5.0m 0.18% Added +10.5k +10,484
47 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 98,35098.3k $5.0m $5.0m 0.01% Reduced -212.7k -212,668
48 Red Door Wealth Management, LLC 0.81% of their portfolio Memphis, TN 96,43096.4k $4.9m $4.9m 0.81% Unchanged
49 Legacy Wealth Asset Management, LLC 1.25% of their portfolio WOODBURY, MN 92,17292.2k $4.7m $4.7m 1.25% Reduced -2.7k -2,689
50 Van Hulzen Asset Management, LLC 0.33% of their portfolio EL DORADO HILLS, CA 90,43890.4k $4.6m $4.6m 0.33% Reduced -4.1k -4,068
51 BECK CAPITAL MANAGEMENT, LLC 1.15% of their portfolio AUSTIN, TX 85,50185.5k $4.3m $4.3m 1.15% Reduced -274 -274
52 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 83,31583.3k $4.2m $4.2m 0.00% Added +458 +458
53 NewEdge Wealth, LLC 0.07% of their portfolio STAMFORD, CT 80,95881.0k $4.1m $4.1m 0.07% Unchanged
54 Intellectus Partners, LLC 1.03% of their portfolio SAN FRANCISCO, CA 79,93479.9k $4.0m $4.0m 1.03% Added +3.2k +3,165
55 ICONIQ Capital, LLC 0.08% of their portfolio SAN FRANCISCO, CA 77,93277.9k $3.9m $3.9m 0.08% New
56 Fiduciary Trust Co 0.05% of their portfolio Boston, MA 77,11577.1k $3.9m $3.9m 0.05% Reduced -1.9k -1,900
57 MONECO ADVISORS, LLC 0.48% of their portfolio FAIRFIELD, CT 76,94776.9k $3.9m $3.9m 0.48% Reduced -223 -223
58 Fiduciary Alliance LLC 0.51% of their portfolio GREENVILLE, SC 76,68376.7k $3.9m $3.9m 0.51% Added +13.1k +13,114
59 Ascension Capital Advisors, Inc. 1.75% of their portfolio Houston, TX 74,21074.2k $3.7m $3.7m 1.75% Reduced -312 -312
60 Global Retirement Partners, LLC 0.11% of their portfolio San Rafael, CA 69,40169.4k $3.5m $3.5m 0.11% Added +3.9k +3,858
61 Pekin Hardy Strauss, Inc. 0.44% of their portfolio CHICAGO, IL 68,28268.3k $3.4m $3.4m 0.44% Reduced -3.6k -3,575
62 SELDON CAPITAL LP 1.88% of their portfolio SAN FRANCISCO, CA 66,10766.1k $3.3m $3.3m 1.88% Unchanged
63 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 65,12565.1k $3.3m $3.3m 0.00% Added +26.8k +26,843
64 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 62,70262.7k $3.2m $3.2m 0.02% Reduced -5.4k -5,431
65 FAGAN ASSOCIATES, INC. 0.52% of their portfolio TROY, NY 61,07561.1k $3.1m $3.1m 0.52% Reduced -785 -785
66 J. Safra Sarasin Holding AG 0.05% of their portfolio BASEL, V8 61,05061.0k $3.1m $3.1m 0.05% Added +21.1k +21,050
67 Verde Capital Management 0.92% of their portfolio CLARKSTON, MI 60,61660.6k $3.1m $3.1m 0.92% Reduced -3.5k -3,505
68 Bleakley Financial Group, LLC 0.09% of their portfolio PARSIPPANY, NJ 60,38960.4k $3.0m $3.0m 0.09% Added +1.3k +1,349
69 Convergence Financial, LLC 0.63% of their portfolio COLUMBIA, MO 58,62758.6k $3.0m $3.0m 0.63% Added +145 +145
70 NTV Asset Management LLC 0.39% of their portfolio Charleston, WV 58,48758.5k $3.0m $3.0m 0.39% Unchanged
71 Smithfield Trust Co 0.14% of their portfolio PITTSBURGH, PA 56,19556.2k $2.8m $2.8m 0.14% Unchanged
72 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 55,63055.6k $2.8m $2.8m 0.00% Reduced -21.7k -21,662
73 EPIQ PARTNERS, LLC 1.55% of their portfolio MINNEAPOLIS, MN 55,50055.5k $2.8m $2.8m 1.55% Reduced -3.5k -3,500
74 STEVENS CAPITAL MANAGEMENT LP 0.39% of their portfolio RADNOR, PA 54,90054.9k $2.8m $2.8m 0.39% New
75 Bray Capital Advisors 0.67% of their portfolio Naples, FL 54,26154.3k $2.7m $2.7m 0.67% Reduced -5.9k -5,851
76 Sowell Financial Services LLC 0.12% of their portfolio NORTH LITTLE ROCK, AR 52,64852.6k $2.7m $2.7m 0.12% Added +634 +634
77 Advisory Services Network, LLC 0.06% of their portfolio ATLANTA, GA 51,63351.6k $2.7m $2.7m 0.06% Unchanged
78 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 51,48151.5k $2.6m $2.6m 0.00% Added +3.0k +3,000
79 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 50,41050.4k $2.5m $2.5m 0.01% Reduced -981 -981
80 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 49,40449.4k $2.5m $2.5m 0.01% Added +19.5k +19,467
81 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 48,63648.6k $2.5m $2.5m 0.03% Reduced -5.3k -5,350
82 FinTrust Capital Advisors, LLC 0.41% of their portfolio Greenville, SC 48,39648.4k $2.4m $2.4m 0.41% Reduced -500 -500
83 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 48,14548.1k $2.4m $2.4m 0.00% Added +2.0k +1,976
84 KESTRA PRIVATE WEALTH SERVICES, LLC 0.04% of their portfolio AUSTIN, TX 47,97548.0k $2.4m $2.4m 0.04% Reduced -15.0k -15,021
85 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 47,00147.0k $2.4m $2.4m 0.02% Added +10.0k +10,022
86 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 46,87346.9k $2.4m $2.4m 0.00% Reduced -12.8k -12,783
87 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 46,52246.5k $2.3m $2.3m 0.00% Reduced -7.0k -7,023
88 Proficio Capital Partners LLC 0.23% of their portfolio NEWTON, MA 46,11246.1k $2.3m $2.3m 0.23% Unchanged
89 Wealthspire Advisors, LLC 0.02% of their portfolio NEW YORK, NY 46,06346.1k $2.3m $2.3m 0.02% Reduced -1.5k -1,508
90 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 45,33345.3k $2.3m $2.3m 0.01% Unchanged
91 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 44,91344.9k $2.3m $2.3m 0.01% Added +9.2k +9,152
92 Cyndeo Wealth Partners, LLC 0.15% of their portfolio ST. PETERSBURG, FL 43,54343.5k $2.2m $2.2m 0.15% Reduced -2.8k -2,825
93 Waverly Advisors, LLC 0.04% of their portfolio BIRMINGHAM, AL 41,97142.0k $2.1m $2.1m 0.04% Reduced -900 -900
94 Watts Gwilliam & Co., LLC 0.45% of their portfolio GILBERT, AZ 41,76741.8k $2.1m $2.1m 0.45% First filing
95 Gallacher Capital Management LLC 0.95% of their portfolio LONE TREE, CO 40,93640.9k $2.1m $2.1m 0.95% Reduced -102 -102
96 Interchange Capital Partners, LLC 0.72% of their portfolio PITTSBURGH, PA 40,00440.0k $2.0m $2.0m 0.72% Reduced -317 -317
97 SCOPUS ASSET MANAGEMENT, L.P. 0.06% of their portfolio NEW YORK, NY 39,98540.0k $2.0m $2.0m 0.06% Reduced -160.0k -160,015
98 Visionary Wealth Advisors 0.12% of their portfolio O'FALLON, IL 39,42739.4k $2.0m $2.0m 0.12% Reduced -542 -542
99 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 38,96839.0k $2.0m $2.0m 0.02% Reduced -3.3k -3,295
100 Compass Ion Advisors, LLC 0.24% of their portfolio CONSHOHOCKEN, PA 38,81038.8k $2.0m $2.0m 0.24% Reduced -8.4k -8,371