Vault-13

ISHARES BITCOIN TRUST ETF IBIT

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

1,441 institutional holders +249 vs Q1 2025
374,694,385374.7m shares reported held*
$22.7bnreported value*
312 new 683 added 234 reduced 75 sold out net bought ≈ $5.7bn (+97.0m 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 ($28.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $60.59. Options: 76 managers hold calls ($6.7bn notional), 60 hold puts ($5.7bn).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ1 24: 444Q2 24: 601Q3 24: 678Q4 24: 1,116Q1 25: 1,192Q2 25: 1,4411,441Q1 24Q2 24Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 2024444
Q2 2024601
Q3 2024678
Q4 20241,116
Q1 20251,192
Q2 20251,441

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 25Q2 25: 995 bought or addedQ2 25: 309 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q2 2024465118
Q3 2024443168
Q4 2024822165
Q1 2025829357
Q2 2025995309

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bn$8bnQ3 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 0.67Q2 25 calls: $6.7bnQ2 25 puts: $5.7bnQ2 25P/C 0.84
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$3.6bn$2.9bn0.80
Q1 2025$3.6bn$2.4bn0.67
Q2 2025$6.7bn$5.7bn0.84

Biggest buyers

JANE STREET GROUP, LLC Added +17,449,165+17.4m
Brevan Howard Capital Management LP Added +15,938,935+15.9m
Weiss Asset Management LP Added +5,101,974+5.1m
IMC-Chicago, LLC New +4,132,010+4.1m
MILLENNIUM MANAGEMENT LLC Added +3,847,182+3.8m
Proficio Capital Partners LLC Added +3,771,450+3.8m
CLEAR STREET LLC Added +3,489,913+3.5m
Castle Hook Partners LP Added +3,458,123+3.5m
MORGAN STANLEY Added +2,969,160+3.0m
JPMORGAN CHASE & CO Added +2,953,342+3.0m

Biggest sellers

Marex Group Ltd Reduced -6,413,723-6.4m
Point72 Asset Management, L.P. Reduced -3,017,682-3.0m
CRCM LP Reduced -1,546,728-1.5m
BANK OF MONTREAL /CAN/ Sold out -1,532,839-1.5m
CITADEL ADVISORS LLC Reduced -1,487,656-1.5m
D. E. Shaw & Co., Inc. Reduced -758,473-758.5k
DRW Securities, LLC Reduced -747,461-747.5k
ExodusPoint Capital Management, LP Sold out -540,449-540.4k
New Vernon Capital Holdings II LLC Reduced -522,738-522.7k
GROUP ONE TRADING LLC Sold out -292,663-292.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.6bn25.6m shares
CITADEL ADVISORS LLC Added $1.0bn16.7m shares
JANE STREET GROUP, LLC Added $1.0bn16.6m shares
SIMPLEX TRADING, LLC Added $755.4m12.3m shares
GOLDMAN SACHS GROUP INC Added $440.4m7.2m shares
IMC-Chicago, LLC Added $357.5m5.8m shares
GROUP ONE TRADING LLC Added $161.8m2.6m shares
Castle Hook Partners LP New $153.0m2.5m shares
BlueCrest Capital Management Ltd New $148.0m2.4m shares
Belvedere Trading LLC Added $127.3m2.1m shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $816.6m13.3m shares
JANE STREET GROUP, LLC Added $778.0m12.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $752.7m12.3m shares
CITADEL ADVISORS LLC Added $530.5m8.7m shares
SIMPLEX TRADING, LLC Added $465.4m7.6m shares
IMC-Chicago, LLC Added $298.8m4.9m shares
Galaxy Group Investments LLC New $195.9m3.2m shares
Belvedere Trading LLC Added $191.0m3.1m shares
CLEAR STREET LLC Added $182.1m3.0m shares
Graham Capital Management, L.P. Added $153.5m2.5m 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 Q2 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 Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brevan Howard Capital Management LP 25.25% of their portfolio ST. HELIER, Y9 37,506,05737.5m $2.3bn $2.3bn 25.25% Added +15.9m +15,938,935
2 GOLDMAN SACHS GROUP INC 0.25% of their portfolio NEW YORK, NY 25,620,48925.6m $1.6bn $1.6bn 0.25% Added +2.2m +2,241,535
3 JANE STREET GROUP, LLC 2.37% of their portfolio NEW YORK, NY 23,967,59924.0m $1.5bn $1.5bn 2.37% Added +17.4m +17,449,165
4 MILLENNIUM MANAGEMENT LLC 1.18% of their portfolio NEW YORK, NY 21,434,33821.4m $1.3bn $1.3bn 1.18% Added +3.8m +3,847,182
5 Avenir Tech Ltd 86.42% of their portfolio CENTRAL, HONG KONG, K3 16,558,66316.6m $1.0bn $1.0bn 86.42% Added +1.8m +1,791,903
6 Symmetry Investments LP 57.56% of their portfolio ST HELIER, Y9 11,234,74011.2m $687.7m $687.7m 57.56% Added +381.1k +381,140
7 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.05% of their portfolio BALA CYNWYD, PA 11,165,23711.2m $683.4m $683.4m 1.05% Added +516.3k +516,267
8 Capula Management Ltd 7.12% of their portfolio Grand Cayman, E9 9,481,2339.5m $580.3m $580.3m 7.12% Added +1.7m +1,739,073
9 Mubadala Investment Co PJSC 2.81% of their portfolio Abu Dhabi, C0 8,726,9728.7m $534.2m $534.2m 2.81% Unchanged
10 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 7,983,7838.0m $488.7m $488.7m 0.03% Added +3.0m +2,969,160
11 BlackRock, Inc. 0.01% of their portfolio New York, NY 7,885,5927.9m $482.7m $482.7m 0.01% Added +2.0m +2,032,186
12 D. E. Shaw & Co., Inc. 0.45% of their portfolio New York, NY 7,363,4957.4m $450.7m $450.7m 0.45% Reduced -758.5k -758,473
13 Weiss Asset Management LP 6.99% of their portfolio BOSTON, MA 7,217,8387.2m $441.8m $441.8m 6.99% Added +5.1m +5,101,974
14 FARALLON CAPITAL MANAGEMENT, L.L.C. 1.96% of their portfolio SAN FRANCISCO, CA 7,020,0507.0m $429.7m $429.7m 1.96% Added +1.2m +1,226,250
15 Schonfeld Strategic Advisors LLC 2.61% of their portfolio NEW YORK, NY 5,664,2155.7m $346.7m $346.7m 2.61% Added +247.5k +247,534
16 Galaxy Group Investments LLC 49.11% of their portfolio NEW YORK, NY 5,439,1005.4m $332.9m $332.9m 49.11% Added +763.6k +763,610
17 Castle Hook Partners LP 4.46% of their portfolio NEW YORK, NY 4,954,6155.0m $303.3m $303.3m 4.46% Added +3.5m +3,458,123
18 TUDOR INVESTMENT CORP ET AL 2.08% of their portfolio STAMFORD, CT 4,489,4444.5m $274.8m $274.8m 2.08% Reduced -256.1k -256,082
19 Sculptor Capital LP 4.45% of their portfolio New York, NY 4,487,2474.5m $274.7m $274.7m 4.45% Added +1.7m +1,673,788
20 BARCLAYS PLC 0.10% of their portfolio LONDON, X0 4,190,0584.2m $256.5m $256.5m 0.10% Added +252.0k +251,980
21 IMC-Chicago, LLC 6.32% of their portfolio CHICAGO, IL 4,132,0104.1m $252.9m $252.9m 6.32% New
22 Proficio Capital Partners LLC 1.74% of their portfolio NEWTON, MA 3,919,2803.9m $27.9m $27.9m 1.74% Added +3.8m +3,771,450
23 CLEAR STREET LLC 1.32% of their portfolio NEW YORK, NY 3,649,9133.6m $223.4m $223.4m 1.32% Added +3.5m +3,489,913
24 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,217,0563.2m $196.9m $196.9m 0.01% Added +3.0m +2,953,342
25 MACQUARIE GROUP LTD 0.23% of their portfolio Sydney, NSW 2000, C3 3,077,2923.1m $188.4m $188.4m 0.23% Unchanged
26 Mint Tower Capital Management B.V. 26.25% of their portfolio AMSTERDAM, P7 2,849,2852.8m $174.4m $174.4m 26.25% Added +2.6m +2,617,925
27 BSN CAPITAL PARTNERS Ltd 13.10% of their portfolio 2,800,0002.8m $166.9m $166.9m 13.10% Unchanged
28 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 2,627,8902.6m $160.9m $160.9m 0.04% Added +2.1m +2,067,322
29 Graham Capital Management, L.P. 4.76% of their portfolio ROWAYTON, CT 2,555,7082.6m $156.4m $156.4m 4.76% Added +343.9k +343,856
30 Al Warda Investments RSC Ltd 100.00% of their portfolio ABU DHABI, C0 2,411,0342.4m $147.6m $147.6m 100.00% First filing
31 Tairen Capital Ltd 14.79% of their portfolio HONG KONG, K3 2,364,7002.4m $144.7m $144.7m 14.79% Added +1.6m +1,627,100
32 Pine Ridge Advisers LLC 9.70% of their portfolio NEW YORK, NY 2,159,5902.2m $132.2m $132.2m 9.70% Reduced -53.1k -53,115
33 HARVARD MANAGEMENT CO INC 8.12% of their portfolio BOSTON, MA 1,906,0001.9m $116.7m $116.7m 8.12% New
34 ParaFi Capital LP 21.05% of their portfolio NEW YORK, NY 1,875,0031.9m $114.8m $114.8m 21.05% Reduced -12.5k -12,498
35 Pinpoint Asset Management (Singapore) Pte. Ltd. 19.82% of their portfolio SINGAPORE, U0 1,852,7061.9m $113.4m $113.4m 19.82% First filing
36 Senator Investment Group LP 4.28% of their portfolio New York, NY 1,812,0001.8m $110.9m $110.9m 4.28% Added +547.0k +547,000
37 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,800,3521.8m $110.2m $110.2m 0.04% Added +518.4k +518,373
38 BlueCrest Capital Management Ltd 11.76% of their portfolio ST HELIER, Y9 1,731,8641.7m $106.0m $106.0m 11.76% Added +1.4m +1,370,824
39 CITADEL ADVISORS LLC 0.09% of their portfolio MIAMI, FL 1,651,4231.7m $101.1m $101.1m 0.09% Reduced -1.5m -1,487,656
40 CRCM LP 29.24% of their portfolio SAN FRANCISCO, CA 1,608,0821.6m $98.4m $98.4m 29.24% Reduced -1.5m -1,546,728
41 CANTOR FITZGERALD, L. P. 2.36% of their portfolio NEW YORK, NY 1,572,1581.6m $96.2m $96.2m 2.36% Reduced -265.7k -265,689
42 Belvedere Trading LLC 7.54% of their portfolio CHICAGO, IL 1,563,3911.6m $95.7m $95.7m 7.54% Added +1.5m +1,503,839
43 Trivest Advisors Ltd 3.51% of their portfolio Hong Kong, K3 1,477,8001.5m $90.5m $90.5m 3.51% New
44 Jain Global LLC 1.39% of their portfolio NEW YORK, NY 1,456,9231.5m $89.2m $89.2m 1.39% Added +1.1m +1,109,282
45 Trans-Canada Capital Inc. 6.05% of their portfolio MONTREAL, A8 1,451,7011.5m $88.9m $88.9m 6.05% Added +1.0m +1,020,800
46 Fortress Investment Group LLC 11.48% of their portfolio NEW YORK, NY 1,325,0001.3m $81.1m $81.1m 11.48% Unchanged
47 Elequin Capital, LP 10.61% of their portfolio NEW YORK, NY 1,255,6821.3m $76.9m $76.9m 10.61% Added +1.1m +1,117,231
48 Verition Fund Management LLC 0.44% of their portfolio GREENWICH, CT 1,243,7391.2m $76.1m $76.1m 0.44% Added +433.9k +433,940
49 Point72 Asset Management, L.P. 0.18% of their portfolio STAMFORD, CT 1,232,3401.2m $75.4m $75.4m 0.18% Reduced -3.0m -3,017,682
50 NINE MASTS CAPITAL Ltd 28.80% of their portfolio CENTRAL, K3 1,193,3901.2m $73.0m $73.0m 28.80% New
51 WOLVERINE ASSET MANAGEMENT LLC 1.19% of their portfolio CHICAGO, IL 1,162,7941.2m $71.2m $71.2m 1.19% Added +741.6k +741,641
52 Ovata Capital Management Ltd 15.10% of their portfolio HONG KONG, K3 1,142,8051.1m $69.8m $69.8m 15.10% Added +381.3k +381,337
53 OLD MISSION CAPITAL LLC 1.74% of their portfolio CHICAGO, IL 1,068,7981.1m $65.4m $65.4m 1.74% Added +1.0m +1,021,784
54 WINTON GROUP Ltd 3.28% of their portfolio LONDON, X0 1,047,4081.0m $64.1m $64.1m 3.28% Added +871.5k +871,482
55 Cerity Partners LLC 0.11% of their portfolio NEW YORK, NY 1,038,0591.0m $63.5m $63.5m 0.11% Added +639.7k +639,678
56 Logan Stone Capital, LLC 28.94% of their portfolio CHICAGO, IL 1,004,8501.0m $61.5m $61.5m 28.94% Added +461.9k +461,946
57 HORIZON KINETICS ASSET MANAGEMENT LLC 0.70% of their portfolio NEW YORK, NY 961,927961.9k $58.9m $58.9m 0.70% Added +91.6k +91,607
58 Hudson Bay Capital Management LP 0.38% of their portfolio STAMFORD, CT 948,821948.8k $58.1m $58.1m 0.38% Added +673.9k +673,887
59 KALEIDOSCOPE CAPITAL LP 22.91% of their portfolio BOSTON, MA 943,010943.0k $57.7m $57.7m 22.91% Reduced -225.9k -225,879
60 Betterment LLC 0.12% of their portfolio NEW YORK, NY 883,141883.1k $54.1m $54.1m 0.12% Added +12.8k +12,799
61 HRTG GPE, LLC 6.33% of their portfolio WILSON, WY 870,845870.8k $53.3m $53.3m 6.33% New
62 MARINER INVESTMENT GROUP LLC 18.39% of their portfolio NEW YORK, NY 831,680831.7k $50.9m $50.9m 18.39% New
63 LMR Partners LLP 0.72% of their portfolio LONDON, X0 750,109750.1k $45.9m $45.9m 0.72% Added +492.1k +492,134
64 DRW Securities, LLC 3.00% of their portfolio CHICAGO, IL 696,429696.4k $42.6m $42.6m 3.00% Reduced -747.5k -747,461
65 Verde Servicos Internacionais S.A. 18.19% of their portfolio SAO PAULO, D5 678,159678.2k $41.5m $41.5m 18.19% Added +252.1k +252,059
66 Private Advisor Group, LLC 0.22% of their portfolio MORRISTOWN, NJ 674,048674.0k $41.3m $41.3m 0.22% Reduced -37.8k -37,752
67 Wealthfront Advisers LLC 0.11% of their portfolio Palo Alto, CA 671,585671.6k $41.1m $41.1m 0.11% Reduced -36.4k -36,423
68 ALLEN OPERATIONS LLC 5.64% of their portfolio NEW YORK, NY 670,200670.2k $41.0m $41.0m 5.64% Unchanged
69 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 646,275646.3k $39.6m $39.6m 0.03% Added +2.9k +2,935
70 Financial Sense Advisors, Inc. 9.43% of their portfolio SAN DIEGO, CA 635,966636.0k $38.9m $38.9m 9.43% Reduced -29.8k -29,806
71 Cambridge Investment Research Advisors, Inc. 0.12% of their portfolio FAIRFIELD, IA 619,316619.3k $37.9m $37.9m 0.12% Added +59.9k +59,919
72 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 5.94% of their portfolio NEW YORK, NY 615,233615.2k $37.7m $37.7m 5.94% Reduced -41.2k -41,197
73 IvyRock Asset Management (HK) Ltd 17.23% of their portfolio SHEUNG WAN, K3 610,100610.1k $37.3m $37.3m 17.23% Reduced -3.0k -3,000
74 MAPLELANE CAPITAL, LLC 2.29% of their portfolio New York, NY 606,000606.0k $37.1m $37.1m 2.29% Reduced -259.0k -259,000
75 Anatole Investment Management Ltd 6.35% of their portfolio CENTRAL, K3 603,167603.2k $36.9m $36.9m 6.35% New
76 O'Neil Global Advisors, Inc. 8.46% of their portfolio LOS ANGELES, CA 600,311600.3k $36.7m $36.7m 8.46% Added +451.4k +451,426
77 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 595,930595.9k $36.5m $36.5m 0.05% Added +11.3k +11,343
78 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 586,686586.7k $35.9m $35.9m 0.04% Added +197.1k +197,141
79 Mariner, LLC 0.05% of their portfolio Overland Park, KS 575,649575.6k $35.2m $35.2m 0.05% Added +44.7k +44,715
80 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 561,678561.7k $34.4m $34.4m 0.06% Added +215.1k +215,055
81 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 5.43% of their portfolio Reston, VA 540,834540.8k $33.1m $33.1m 5.43% Added +187.8k +187,761
82 Financial Engines Advisors L.L.C. 0.06% of their portfolio SANTA CLARA, CA 529,888529.9k $32.4m $32.4m 0.06% Added +122.6k +122,578
83 Yarbrough Capital, LLC 1.14% of their portfolio FRANKLIN, TN 524,213524.2k $32.1m $32.1m 1.14% Added +164.1k +164,064
84 NewEdge Advisors, LLC 0.11% of their portfolio NEW ORLEANS, LA 516,704516.7k $21.0m $21.0m 0.11% Added +200.9k +200,872
85 HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 2.46% of their portfolio SINGAPORE, U0 515,058515.1k $31.5m $31.5m 2.46% Added +29.8k +29,759
86 Tidal Investments LLC 0.21% of their portfolio Milwaukee, WI 514,055514.1k $31.5m $31.5m 0.21% Added +96.9k +96,914
87 Oxler Private Wealth LLC 9.82% of their portfolio Rye Brook, NY 510,654510.7k $31.3m $31.3m 9.82% Added +4.2k +4,194
88 All-Stars Investment Ltd 10.29% of their portfolio HONG KONG, K3 501,000501.0k $30.7m $30.7m 10.29% Unchanged
89 Yong Rong (HK) Asset Management Ltd 7.38% of their portfolio SHEUNG WAN, K3 500,000500.0k $30.6m $30.6m 7.38% New
90 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 2.33% of their portfolio Englewood, NJ 485,991486.0k $29.7m $29.7m 2.33% Added +29.7k +29,729
91 Paragon Advisors, LLC 7.54% of their portfolio COLLEGE STATION, TX 471,755471.8k $28.9m $28.9m 7.54% Added +44.6k +44,618
92 Polar Asset Management Partners Inc. 0.72% of their portfolio TORONTO, A6 471,313471.3k $28.8m $28.8m 0.72% New
93 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 467,794467.8k $28.6m $28.6m 0.00% Added +107.5k +107,507
94 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 465,084465.1k $28.5m $28.5m 0.01% Added +139.8k +139,843
95 Copperleaf Capital, LLC 14.22% of their portfolio CONCORD, NC 459,138459.1k $28.1m $28.1m 14.22% Added +4.5k +4,535
96 Aristides Capital LLC 8.89% of their portfolio LOUISVILLE, KY 456,154456.2k $27.9m $27.9m 8.89% Reduced -90.8k -90,844
97 Cresset Asset Management, LLC 0.13% of their portfolio Chicago, IL 439,801439.8k $26.9m $26.9m 0.13% Added +110.9k +110,896
98 AlTi Global, Inc. 0.67% of their portfolio NEW YORK, NY 426,318426.3k $26.9m $26.9m 0.67% Added +141.4k +141,441
99 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 423,576423.6k $25.9m $25.9m 0.02% Added +111.2k +111,175
100 Squarepoint Ops LLC 0.06% of their portfolio NEW YORK, NY 423,029423.0k $25.9m $25.9m 0.06% Added +332.7k +332,726