Vault-13

ISHARES BITCOIN TRUST ETF IBIT

SHS BEN INT · ETP · CUSIP 46438F101 · ISIN US46438F1012

1,192 institutional holders +76 vs Q4 2024
274,641,323274.6m shares reported held*
$12.8bnreported value*
218 new 611 added 222 reduced 135 sold out net sold ≈ $2.6bn (-55.3m 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.79. Options: 64 managers hold calls ($3.6bn notional), 54 hold puts ($2.4bn).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ1 24: 444Q2 24: 601Q3 24: 678Q4 24: 1,116Q1 25: 1,1921,192Q1 24Q2 24Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q1 2024444
Q2 2024601
Q3 2024678
Q4 20241,116
Q1 20251,192

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 24: 465 bought or addedQ2 24: 118 cut or sold outQ2 24Q3 24: 443 bought or addedQ3 24: 168 cut or sold outQ3 24Q4 24: 822 bought or addedQ4 24: 165 cut or sold outQ4 24Q1 25: 829 bought or addedQ1 25: 357 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2024465118
Q3 2024443168
Q4 2024822165
Q1 2025829357

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1bn$2bn$3bn$4bnQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $3.6bnQ4 24 puts: $2.9bnQ4 24P/C 0.80Q1 25 calls: $3.6bnQ1 25 puts: $2.4bnQ1 25P/C 0.67
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$0—
Q4 2024$3.6bn$2.9bn0.80
Q1 2025$3.6bn$2.4bn0.67

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +6,229,924+6.2m
Avenir Tech Ltd Added +3,472,963+3.5m
BlackRock, Inc. Added +3,248,304+3.2m
BSN CAPITAL PARTNERS Ltd New +2,800,000+2.8m
CITADEL ADVISORS LLC Added +2,076,388+2.1m
BARCLAYS PLC Added +1,465,014+1.5m
Point72 Asset Management, L.P. Added +1,389,053+1.4m
KALEIDOSCOPE CAPITAL LP Added +973,640+973.6k
Castle Hook Partners LP Added +763,608+763.6k
Tairen Capital Ltd New +737,600+737.6k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -12,263,042-12.3m
JANE STREET GROUP, LLC Reduced -9,581,066-9.6m
Sculptor Capital LP Reduced -9,444,066-9.4m
Jericho Capital Asset Management L.P. Sold out -7,128,000-7.1m
STATE OF WISCONSIN INVESTMENT BOARD Sold out -6,060,351-6.1m
DRW Securities, LLC Reduced -5,291,028-5.3m
Brevan Howard Capital Management LP Reduced -4,000,180-4.0m
TUDOR INVESTMENT CORP ET AL Reduced -3,303,026-3.3m
RK Capital Management, LLC/FL Sold out -3,182,400-3.2m
Galaxy Group Investments LLC Reduced -2,162,100-2.2m

Biggest calls

CITADEL ADVISORS LLC Added $676.2m14.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $580.6m12.4m shares
JANE STREET GROUP, LLC Reduced $547.3m11.7m shares
SIMPLEX TRADING, LLC Reduced $442.7m9.5m shares
IMC-Chicago, LLC Added $223.4m4.8m shares
WOLVERINE TRADING, LLC Added $171.7m3.6m shares
EXCHANGE TRADED CONCEPTS, LLC Added $116.7m2.5m shares
CORRECT CAPITAL WEALTH MANAGEMENT New $116.1m2.5m shares
Polar Asset Management Partners Inc. New $93.6m2.0m shares
Parallax Volatility Advisers, L.P. Added $79.2m1.7m shares

Biggest puts

CITADEL ADVISORS LLC Added $366.0m7.8m shares
JANE STREET GROUP, LLC Added $326.5m7.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $319.1m6.8m shares
GOLDMAN SACHS GROUP INC Reduced $281.2m6.0m shares
SIMPLEX TRADING, LLC Reduced $180.4m3.9m shares
IMC-Chicago, LLC Added $137.3m2.9m shares
Graham Capital Management, L.P. Added $107.7m2.3m shares
BARCLAYS PLC New $93.6m2.0m shares
LMR Partners LLP New $77.3m1.7m shares
WOLVERINE TRADING, LLC Added $59.3m1.2m 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.

Insider purchases and sales in Q1 2025

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 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.21% of their portfolio NEW YORK, NY 23,378,95423.4m $1.1bn $1.1bn 0.21% Reduced -698.9k -698,907
2 Brevan Howard Capital Management LP 28.68% of their portfolio ST. HELIER, Y9 21,567,12221.6m $1.0bn $1.0bn 28.68% Reduced -4.0m -4,000,180
3 MILLENNIUM MANAGEMENT LLC 0.80% of their portfolio NEW YORK, NY 17,587,15617.6m $823.3m $823.3m 0.80% Reduced -12.3m -12,263,042
4 Avenir Tech Ltd 93.71% of their portfolio CENTRAL, HONG KONG, K3 14,766,76014.8m $691.2m $691.2m 93.71% Added +3.5m +3,472,963
5 Symmetry Investments LP 45.68% of their portfolio ST HELIER, Y9 10,853,60010.9m $508.1m $508.1m 45.68% Reduced -1.8m -1,825,208
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.82% of their portfolio BALA CYNWYD, PA 10,648,97010.6m $498.5m $498.5m 0.82% Added +6.2m +6,229,924
7 Mubadala Investment Co PJSC 2.32% of their portfolio Abu Dhabi, C0 8,726,9728.7m $408.5m $408.5m 2.32% Added +491.4k +491,439
8 D. E. Shaw & Co., Inc. 0.45% of their portfolio New York, NY 8,121,9688.1m $380.2m $380.2m 0.45% Reduced -1.5m -1,545,463
9 Capula Management Ltd 2.68% of their portfolio Grand Cayman, E9 7,742,1607.7m $362.4m $362.4m 2.68% Reduced -1.5m -1,526,726
10 Marex Group Ltd 5.86% of their portfolio London, X0 6,534,5866.5m $305.9m $305.9m 5.86% Reduced -196.0k -196,015
11 JANE STREET GROUP, LLC 0.55% of their portfolio NEW YORK, NY 6,518,4346.5m $305.1m $305.1m 0.55% Reduced -9.6m -9,581,066
12 BlackRock, Inc. 0.01% of their portfolio New York, NY 5,853,4065.9m $274.0m $274.0m 0.01% Added +3.2m +3,248,304
13 FARALLON CAPITAL MANAGEMENT, L.L.C. 1.46% of their portfolio SAN FRANCISCO, CA 5,793,8005.8m $271.2m $271.2m 1.46% Reduced -1.5m -1,465,300
14 Schonfeld Strategic Advisors LLC 1.70% of their portfolio NEW YORK, NY 5,416,6815.4m $253.6m $253.6m 1.70% Reduced -1.2m -1,219,776
15 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 5,014,6235.0m $234.7m $234.7m 0.02% Added +153.5k +153,540
16 TUDOR INVESTMENT CORP ET AL 1.98% of their portfolio STAMFORD, CT 4,745,5264.7m $222.1m $222.1m 1.98% Reduced -3.3m -3,303,026
17 Galaxy Group Investments LLC 46.93% of their portfolio NEW YORK, NY 4,675,4904.7m $218.9m $218.9m 46.93% Reduced -2.2m -2,162,100
18 Point72 Asset Management, L.P. 0.56% of their portfolio STAMFORD, CT 4,250,0224.3m $198.9m $198.9m 0.56% Added +1.4m +1,389,053
19 BARCLAYS PLC 0.08% of their portfolio LONDON, X0 3,938,0783.9m $184.3m $184.3m 0.08% Added +1.5m +1,465,014
20 CRCM LP 60.21% of their portfolio SAN FRANCISCO, CA 3,154,8103.2m $147.7m $147.7m 60.21% Added +142.7k +142,685
21 CITADEL ADVISORS LLC 0.14% of their portfolio MIAMI, FL 3,139,0793.1m $146.9m $146.9m 0.14% Added +2.1m +2,076,388
22 MACQUARIE GROUP LTD 0.18% of their portfolio Sydney, NSW 2000, C3 3,077,2923.1m $144.0m $144.0m 0.18% Added +175.0k +175,000
23 Sculptor Capital LP 2.95% of their portfolio New York, NY 2,813,4592.8m $131.7m $131.7m 2.95% Reduced -9.4m -9,444,066
24 BSN CAPITAL PARTNERS Ltd 6.48% of their portfolio 2,800,0002.8m $133.2m $133.2m 6.48% New
25 Pine Ridge Advisers LLC 8.87% of their portfolio NEW YORK, NY 2,212,7052.2m $103.6m $103.6m 8.87% Added +4.6k +4,630
26 Graham Capital Management, L.P. 3.28% of their portfolio ROWAYTON, CT 2,211,8522.2m $103.5m $103.5m 3.28% Reduced -136.0k -136,037
27 Weiss Asset Management LP 2.64% of their portfolio BOSTON, MA 2,115,8642.1m $99.0m $99.0m 2.64% Added +171.8k +171,759
28 ParaFi Capital LP 43.07% of their portfolio NEW YORK, NY 1,887,5011.9m $88.4m $88.4m 43.07% Unchanged
29 CANTOR FITZGERALD, L. P. 3.22% of their portfolio NEW YORK, NY 1,837,8471.8m $86.0m $86.0m 3.22% Added +201.1k +201,093
30 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 1,532,8391.5m $71.8m $71.8m 0.04% Reduced -350.9k -350,921
31 Castle Hook Partners LP 1.84% of their portfolio NEW YORK, NY 1,496,4921.5m $70.1m $70.1m 1.84% Added +763.6k +763,608
32 Pinpoint Asset Management Ltd 12.05% of their portfolio HONG KONG, K3 1,483,5781.5m $69.4m $69.4m 12.05% Unchanged
33 DRW Securities, LLC 5.73% of their portfolio CHICAGO, IL 1,443,8901.4m $67.6m $67.6m 5.73% Reduced -5.3m -5,291,028
34 Fortress Investment Group LLC 10.88% of their portfolio NEW YORK, NY 1,325,0001.3m $62.0m $62.0m 10.88% Unchanged
35 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,281,9791.3m $60.0m $60.0m 0.02% Added +529.4k +529,396
36 Senator Investment Group LP 3.14% of their portfolio New York, NY 1,265,0001.3m $59.2m $59.2m 3.14% Not comparable
37 KALEIDOSCOPE CAPITAL LP 32.53% of their portfolio BOSTON, MA 1,168,8891.2m $54.7m $54.7m 32.53% Added +973.6k +973,640
38 Betterment LLC 0.10% of their portfolio NEW YORK, NY 870,342870.3k $40.7m $40.7m 0.10% Added +102.1k +102,070
39 HORIZON KINETICS ASSET MANAGEMENT LLC 0.46% of their portfolio NEW YORK, NY 870,320870.3k $40.7m $40.7m 0.46% Added +6.0k +6,048
40 MAPLELANE CAPITAL, LLC 3.77% of their portfolio New York, NY 865,000865.0k $40.5m $40.5m 3.77% Added +110.1k +110,103
41 Verition Fund Management LLC 0.22% of their portfolio GREENWICH, CT 809,799809.8k $37.9m $37.9m 0.22% Reduced -258.1k -258,127
42 Ovata Capital Management Ltd 13.63% of their portfolio HONG KONG, K3 761,468761.5k $35.9m $35.9m 13.63% Added +340.2k +340,200
43 Tairen Capital Ltd 2.28% of their portfolio HONG KONG, K3 737,600737.6k $34.5m $34.5m 2.28% New
44 Private Advisor Group, LLC 0.20% of their portfolio MORRISTOWN, NJ 711,800711.8k $33.3m $33.3m 0.20% Added +292.0k +292,019
45 Wealthfront Advisers LLC 0.09% of their portfolio Palo Alto, CA 708,008708.0k $33.1m $33.1m 0.09% Added +190.1k +190,109
46 ALLEN OPERATIONS LLC 5.16% of their portfolio NEW YORK, NY 670,200670.2k $31.4m $31.4m 5.16% New
47 Financial Sense Advisors, Inc. 8.91% of their portfolio SAN DIEGO, CA 665,772665.8k $31.2m $31.2m 8.91% Added +38.3k +38,303
48 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 6.33% of their portfolio NEW YORK, NY 656,430656.4k $30.7m $30.7m 6.33% Reduced -58.0k -58,027
49 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 643,340643.3k $30.1m $30.1m 0.02% Added +55.3k +55,308
50 IvyRock Asset Management (HK) Ltd 13.49% of their portfolio SHEUNG WAN, K3 613,100613.1k $28.7m $28.7m 13.49% Added +500 +500
51 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 584,587584.6k $27.4m $27.4m 0.04% Added +77.6k +77,576
52 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 560,568560.6k $26.2m $26.2m 0.01% Added +557.3k +557,270
53 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 559,397559.4k $26.2m $26.2m 0.09% Added +27.4k +27,443
54 Aristides Capital LLC 9.51% of their portfolio LOUISVILLE, KY 546,998547.0k $25.6m $25.6m 9.51% Added +32.5k +32,500
55 Logan Stone Capital, LLC 11.84% of their portfolio CHICAGO, IL 542,904542.9k $25.4m $25.4m 11.84% Reduced -492.4k -492,411
56 ExodusPoint Capital Management, LP 0.33% of their portfolio NEW YORK, NY 540,449540.4k $25.3m $25.3m 0.33% Reduced -883.5k -883,451
57 New Vernon Capital Holdings II LLC 0.26% of their portfolio Morristown, NJ 534,149534.1k $11.4k $11.4k 0.26% New
58 Mariner, LLC 0.04% of their portfolio Overland Park, KS 530,934530.9k $24.9m $24.9m 0.04% Added +86.0k +85,960
59 Oxler Private Wealth LLC 8.33% of their portfolio Rye Brook, NY 506,460506.5k $23.7m $23.7m 8.33% Added +6.2k +6,186
60 SIMPLEX TRADING, LLC 0.84% of their portfolio CHICAGO, IL 503,019503.0k $23.5m $23.5m 0.84% New
61 All-Stars Investment Ltd 7.23% of their portfolio HONG KONG, K3 501,000501.0k $23.5m $23.5m 7.23% Added +55.0k +55,000
62 Ardmore Road Asset Management LP 2.34% of their portfolio WESTPORT, CT 488,000488.0k $22.8m $22.8m 2.34% Added +450.5k +450,544
63 HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 1.94% of their portfolio SINGAPORE, U0 485,299485.3k $22.7m $22.7m 1.94% Added +265.8k +265,791
64 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 1.90% of their portfolio Englewood, NJ 456,262456.3k $21.4m $21.4m 1.90% Added +171.3k +171,272
65 Copperleaf Capital, LLC 12.72% of their portfolio CONCORD, NC 454,603454.6k $21.3m $21.3m 12.72% Added +53.2k +53,176
66 Trans-Canada Capital Inc. 1.61% of their portfolio MONTREAL, A8 430,901430.9k $20.2m $20.2m 1.61% New
67 Paragon Advisors, LLC 7.56% of their portfolio COLLEGE STATION, TX 427,137427.1k $20.0m $20.0m 7.56% Added +21.9k +21,925
68 Verde Servicos Internacionais S.A. 11.39% of their portfolio SAO PAULO, D5 426,100426.1k $19.9m $19.9m 11.39% Reduced -9.0k -9,000
69 Parkwood LLC 1.93% of their portfolio CLEVELAND, OH 422,072422.1k $19.8m $19.8m 1.93% Added +72.1k +72,072
70 WOLVERINE ASSET MANAGEMENT LLC 0.38% of their portfolio CHICAGO, IL 421,153421.2k $19.7m $19.7m 0.38% Added +385.7k +385,658
71 Tidal Investments LLC 0.17% of their portfolio Milwaukee, WI 417,141417.1k $19.5m $19.5m 0.17% Added +167.6k +167,554
72 Financial Engines Advisors L.L.C. 0.04% of their portfolio SANTA CLARA, CA 407,310407.3k $19.1m $19.1m 0.04% Added +87.8k +87,752
73 LAKEWOOD CAPITAL MANAGEMENT, LP 1.66% of their portfolio New York, NY 398,510398.5k $18.7m $18.7m 1.66% Reduced -114.2k -114,250
74 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 398,381398.4k $18.6m $18.6m 0.04% Added +55.4k +55,382
75 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 389,545389.5k $18.2m $18.2m 0.02% Added +93.9k +93,933
76 KADENSA CAPITAL Ltd 2.22% of their portfolio CENTRAL, K3 381,511381.5k $17.9m $17.9m 2.22% Added +7.7k +7,721
77 GenTrust, LLC 0.83% of their portfolio MIAMI, FL 368,034368.0k $17.2m $17.2m 0.83% Added +345 +345
78 BlueCrest Capital Management Ltd 2.70% of their portfolio ST HELIER, Y9 361,040361.0k $16.9m $16.9m 2.70% Reduced -820.0k -819,987
79 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 360,287360.3k $16.9m $16.9m 0.00% Reduced -50.3k -50,273
80 Yarbrough Capital, LLC 0.72% of their portfolio FRANKLIN, TN 360,149360.1k $16.9m $16.9m 0.72% Added +48.9k +48,938
81 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 2.99% of their portfolio Reston, VA 353,073353.1k $16.5m $16.5m 2.99% Added +78.2k +78,151
82 Jain Global LLC 0.33% of their portfolio NEW YORK, NY 347,641347.6k $16.3m $16.3m 0.33% New
83 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 346,623346.6k $16.2m $16.2m 0.03% Added +155.0k +154,998
84 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 344,955345.0k $16.1m $16.1m 0.02% New
85 Cresset Asset Management, LLC 0.08% of their portfolio Chicago, IL 328,905328.9k $15.4m $15.4m 0.08% Added +125.5k +125,498
86 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 325,241325.2k $15.2m $15.2m 0.00% Added +118.6k +118,605
87 SkyBridge Capital II, LLC 100.00% of their portfolio NEW YORK, NY 325,110325.1k $15.2m $15.2m 100.00% Added +147.6k +147,595
88 Engineers Gate Manager LP 0.25% of their portfolio NEW YORK, NY 319,489319.5k $15.0m $15.0m 0.25% New
89 PPSC Investment Service Corp 1.70% of their portfolio TOKYO, M0 317,000317.0k $14.8m $14.8m 1.70% New
90 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 315,832315.8k $10.2m $10.2m 0.06% Added +175.7k +175,681
91 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 312,401312.4k $14.6m $14.6m 0.01% Added +69.4k +69,358
92 Foundations Investment Advisors, LLC 0.27% of their portfolio PHOENIX, AZ 311,353311.4k $14.6m $14.6m 0.27% Added +13.8k +13,753
93 Zhang Financial LLC 0.77% of their portfolio PORTAGE, MI 310,982311.0k $14.6m $14.6m 0.77% Added +15.1k +15,110
94 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 300,595300.6k $14.1m $14.1m 0.02% Reduced -27.4k -27,444
95 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 294,029294.0k $13.8m $13.8m 0.02% Added +36.7k +36,747
96 GROUP ONE TRADING LLC 0.57% of their portfolio CHICAGO, IL 292,663292.7k $13.7m $13.7m 0.57% Added +255.4k +255,385
97 Strong Tower Advisory Services 3.16% of their portfolio MINNEAPOLIS, MN 289,860289.9k $12.8m $12.8m 3.16% Reduced -3.8k -3,845
98 AlTi Global, Inc. 0.35% of their portfolio NEW YORK, NY 284,877284.9k $13.3m $13.3m 0.35% Added +137.1k +137,132
99 Main Street Research LLC 0.86% of their portfolio SAUSALITO, CA 280,632280.6k $13.1m $13.1m 0.86% New
100 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 276,741276.7k $13.0m $13.0m 0.03% Added +141.4k +141,444