SOLANA CO HSDT
COM CL A NEW · Common Stock · CUSIP 42328V876
- SectorFinancials
- IndustryFinance Services
- HeadquartersPhiladelphia, PA
- FilingsSEC EDGAR
* 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. Shares outstanding: 60.5m as of 2026-08-12, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $1.65. Options: 2 managers hold calls ($130.5k notional), 3 hold puts ($33.8k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2025 | 2 |
| Q3 2025 | 19 |
| Q4 2025 | 39 |
| Q1 2026 | 44 |
| Q2 2026 | 42 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2025 | 19 | 2 |
| Q4 2025 | 25 | 9 |
| Q1 2026 | 17 | 18 |
| Q2 2026 | 21 | 15 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $1.3m | $296.8k | 0.24 |
| Q1 2026 | $184.8k | $93.2k | 0.50 |
| Q2 2026 | $130.5k | $33.8k | 0.26 |
Biggest buyers
| Pantera Capital Partners LP | Added | +1.1m |
| Saba Capital Management, L.P. | Added | +250.8k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +231.4k |
| BlackRock, Inc. | Added | +171.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +141.4k |
| WOLVERINE ASSET MANAGEMENT LLC | New | +114.2k |
| VANGUARD FIDUCIARY TRUST CO | Added | +104.0k |
| XTX Topco Ltd | Added | +66.4k |
| CITADEL ADVISORS LLC | New | +59.7k |
| JANE STREET GROUP, LLC | New | +57.3k |
Biggest sellers
| Yorkville Advisors Global, LP | Reduced | -785.0k |
| Hel Ved Capital Management Ltd | Sold out | -436.0k |
| Ghisallo Capital Management LLC | Sold out | -223.1k |
| Polar Asset Management Partners Inc. | Sold out | -125.3k |
| Rockefeller Capital Management L.P. | Reduced | -100.0k |
| MORGAN STANLEY | Reduced | -83.4k |
| Brevan Howard Capital Management LP | Sold out | -60.2k |
| MARSHALL WACE, LLP | Sold out | -59.6k |
| CIBC WORLD MARKET INC. | Reduced | -29.6k |
| GSA CAPITAL PARTNERS LLP | Sold out | -15.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $89.6k54.3k shares |
| JANE STREET GROUP, LLC | Added | $40.9k24.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $23.1k14.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.4k5.1k shares |
| GROUP ONE TRADING LLC | Reduced | $2.3k1.4k 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.
| Holder | Stake |
|---|---|
| Fusion Summer Ltd 13D · may seek influence +3.2 pts · filed 2026-05-13 | 20.2% |
| Solana Rocket Holdings Ltd 13G · passive no change · filed 2026-08-24 | 10.0% |
Morehead Daniel Wayne
13D · may seek influence
+1.4 pts · filed 2026-09-15
Stated purposeItem 4 of the Statement is hereby amended and supplemented as follows: The information set forth or incorporated in Item 3 and Item 6 of this Amendment is hereby incorporated by reference in its entirety into this Item 4. On September 11, 2026, Blockchain Fund exercised Cash Pre-Funded Warrants for 1,000,000 Class A Common Shares at an exercise price of $0.001 per share, for an aggregate cash payment to the Issuer of $1,000. Other than as described in this Item 4, none of the Reporting Persons presently has any additional plans or proposals that relate to or that would result in any of the transactions or other matters specified in clauses (a) through (j) of Item 4 of this Schedule 13D, but depending on the factors discussed herein, the Reporting Persons may change their purpose or formu… Full filing |
9.8% |
| Kathmere Capital Management, LLC 13G · institution new · filed 2026-03-02 | 8.7% |
Fell to 5% or below in the last year: Polar Asset Management Partners Inc. (4.0%, 2026-05-15)
Insider purchases and sales since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Pantera Capital Partners LP 8.08% of their portfolio | 5.0m $8.2m | Added +1.1m |
| Kathmere Capital Management, LLC 0.40% of their portfolio | 4.6m $7.6m | Unchanged |
| Arrington Capital Management, LLC 1.21% of their portfolio | 658.9k $1.1m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 632.9k $1.0m | Added +171.7k |
| VR Advisory Services Ltd 0.09% of their portfolio | 581.3k $959.2k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 560.4k $924.7k | Added +13.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 556.0k $917.4k | Added +231.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 512.0k $845.2k | Added +141.4k |
| Saba Capital Management, L.P. 0.02% of their portfolio | 316.1k $521.5k | Added +250.8k |
| Yorkville Advisors Global, LP 0.57% of their portfolio | 300.0k $495.0k | Reduced -785.0k |
| Avenir Tech Ltd 0.08% of their portfolio | 290.7k $479.6k | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 255.4k $421.4k | Added +104.0k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 244.9k $404.1k | Reduced -100.0k |
| QUATTRO FINANCIAL ADVISORS LLC 0.07% of their portfolio | 209.0k $344.9k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 145.6k $240.2k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 136.5k $225.2k | Reduced -83.4k |
| Cetera Investment Advisers 0.00% of their portfolio | 117.4k $193.7k | Reduced -500 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 114.2k $188.4k | New |
| XTX Topco Ltd 0.00% of their portfolio | 113.3k $186.9k | Added +66.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 108.1k $178.3k | Added +38.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 59.7k $98.6k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 59.1k $97.5k | Added +361 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 57.3k $94.6k | New |
| Virtu Financial LLC 0.00% of their portfolio | 26.3k $43.0k | New |
| Grant Private Wealth Management Inc 0.02% of their portfolio | 25.0k $41.3k | Unchanged |
| RED REEF ADVISORS LLC 0.03% of their portfolio | 21.4k $35.3k | Reduced -3.0k |
| PEAPACK GLADSTONE FINANCIAL CORP 0.00% of their portfolio | 17.0k $28.0k | Added +5.0k |
| UBS Group AG 0.00% of their portfolio | 16.8k $27.7k | Added +15.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 15.7k $26.0k | Unchanged |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 12.3k $20.3k | Reduced -29.6k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 12.3k $20.2k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 3.5k $5.7k | Added +3.3k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 2.3k $3.9k | Reduced -203 |
| BARCLAYS PLC 0.00% of their portfolio | 1.9k $3.1k | New |
| WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio | 750 $1.4k | Added +393 |
| HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio | 500 $825 | Unchanged |
| American Capital Advisory, LLC 0.00% of their portfolio | 235 $388 | Unchanged |
| L1 Global Manager Pty Ltd 0.00% of their portfolio | 203 $334 | Unchanged |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 192 $317 | Added +191 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 150 $260 | Unchanged |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 107 $177 | New |
| DANSKE BANK A/S 0.00% of their portfolio | 1 $2 | Unchanged |