Vault-13

ISHARES BITCOIN TRUST ETF IBIT

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

1,558 institutional holders -109 vs Q4 2025
342,610,985342.6m shares reported held*
$13.2bnreported value*
133 new 772 added 398 reduced 243 sold out net sold ≈ $1.0bn (-26.9m 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 ($42.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.49. Options: 88 managers hold calls ($7.8bn notional), 77 hold puts ($6.7bn).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

01k2kQ1 24: 444Q2 24: 601Q3 24: 678Q4 24: 1,116Q1 25: 1,192Q2 25: 1,441Q3 25: 1,632Q4 25: 1,667Q1 26: 1,5581,558Q1 24Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q1 2024444
Q2 2024601
Q3 2024678
Q4 20241,116
Q1 20251,192
Q2 20251,441
Q3 20251,632
Q4 20251,667
Q1 20261,558

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 24: 465 bought or addedQ2 24: 118 cut or sold outQ3 24: 443 bought or addedQ3 24: 168 cut or sold outQ3 24Q4 24: 822 bought or addedQ4 24: 165 cut or sold outQ1 25: 829 bought or addedQ1 25: 357 cut or sold outQ1 25Q2 25: 995 bought or addedQ2 25: 309 cut or sold outQ3 25: 1,167 bought or addedQ3 25: 336 cut or sold outQ3 25Q4 25: 945 bought or addedQ4 25: 635 cut or sold outQ1 26: 905 bought or addedQ1 26: 641 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024465118
Q3 2024443168
Q4 2024822165
Q1 2025829357
Q2 2025995309
Q3 20251,167336
Q4 2025945635
Q1 2026905641

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bnQ2 25 calls: $6.7bnQ2 25 puts: $5.7bnQ2 25P/C 0.84Q3 25 calls: $14.6bnQ3 25 puts: $10.1bnQ3 25P/C 0.69Q4 25 calls: $10.6bnQ4 25 puts: $8.3bnQ4 25P/C 0.78Q1 26 calls: $7.8bnQ1 26 puts: $6.7bnQ1 26P/C 0.86
Numbers
QuarterCallsPutsP/C
Q2 2025$6.7bn$5.7bn0.84
Q3 2025$14.6bn$10.1bn0.69
Q4 2025$10.6bn$8.3bn0.78
Q1 2026$7.8bn$6.7bn0.86

Biggest buyers

Brevan Howard Capital Management LP Added +18,756,030+18.8m
JPMORGAN CHASE & CO Added +5,275,077+5.3m
MORGAN STANLEY Added +3,823,119+3.8m
Walleye Capital LLC Added +3,188,515+3.2m
IMC-Chicago, LLC Added +2,624,274+2.6m
Mubadala Investment Co PJSC Added +2,019,594+2.0m
D. E. Shaw & Co., Inc. Added +1,561,154+1.6m
NEOS Investment Management LLC Added +1,340,068+1.3m
BlackRock, Inc. Added +1,237,968+1.2m
Pilgrim Partners Asia Pte Ltd Added +1,221,000+1.2m

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -15,046,206-15.0m
JANE STREET GROUP, LLC Reduced -14,443,568-14.4m
Schonfeld Strategic Advisors LLC Reduced -5,747,011-5.7m
Weiss Asset Management LP Reduced -5,521,755-5.5m
59 North Capital Management, LP Sold out -3,921,034-3.9m
MARSHALL WACE, LLP Sold out -3,447,749-3.4m
CITADEL ADVISORS LLC Reduced -2,751,452-2.8m
GOLDMAN SACHS GROUP INC Reduced -2,699,993-2.7m
HARVARD MANAGEMENT CO INC Reduced -2,309,000-2.3m
Marex Group Ltd Reduced -2,255,098-2.3m

Biggest calls

JANE STREET GROUP, LLC Added $1.7bn45.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.6bn42.0m shares
CITADEL ADVISORS LLC Reduced $937.3m24.4m shares
IMC-Chicago, LLC Reduced $556.9m14.5m shares
SIMPLEX TRADING, LLC Reduced $505.6m13.2m shares
GOLDMAN SACHS GROUP INC Added $263.0m6.8m shares
Parallax Volatility Advisers, L.P. Added $256.8m6.0m shares
EXCHANGE TRADED CONCEPTS, LLC Reduced $159.3m4.1m shares
Belvedere Trading LLC Added $145.1m3.8m shares
JPMORGAN CHASE & CO Reduced $142.2m3.8m shares

Biggest puts

JANE STREET GROUP, LLC Added $1.7bn44.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $903.0m23.5m shares
GOLDMAN SACHS GROUP INC Reduced $625.5m16.3m shares
IMC-Chicago, LLC Added $436.2m11.4m shares
CITADEL ADVISORS LLC Reduced $427.8m11.1m shares
SIMPLEX TRADING, LLC Added $381.5m9.9m shares
BARCLAYS PLC Added $228.5m5.9m shares
JPMORGAN CHASE & CO Added $179.2m4.8m shares
LMR Partners LLP Reduced $164.2m4.3m shares
Parallax Volatility Advisers, L.P. Added $140.2m3.3m 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 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 in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brevan Howard Capital Management LP 9.31% of their portfolio ST. HELIER, Y9 24,304,78824.3m $933.8m $933.8m 9.31% Added +18.8m +18,756,030
2 MILLENNIUM MANAGEMENT LLC 0.55% of their portfolio NEW YORK, NY 19,287,31819.3m $741.0m $741.0m 0.55% Reduced -15.0m -15,046,206
3 Avenir Tech Ltd 88.94% of their portfolio CENTRAL, HONG KONG, K3 18,276,10018.3m $702.2m $702.2m 88.94% Reduced -11.2k -11,223
4 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 17,985,05118.0m $691.0m $691.0m 0.09% Reduced -2.7m -2,699,993
5 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 17,263,77817.3m $663.3m $663.3m 0.04% Added +3.8m +3,823,119
6 Mubadala Investment Co PJSC 2.76% of their portfolio Abu Dhabi, C0 14,721,91714.7m $565.6m $565.6m 2.76% Added +2.0m +2,019,594
7 BlackRock, Inc. 0.01% of their portfolio New York, NY 14,009,30414.0m $538.2m $538.2m 0.01% Added +1.2m +1,237,968
8 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 8,302,6918.3m $312.8m $312.8m 0.02% Added +5.3m +5,275,077
9 Abu Dhabi Investment Council Co P.J.S.C 32.39% of their portfolio ABU DHABI, C0 8,218,7128.2m $315.8m $315.8m 32.39% First filing
10 Galaxy Digital Inc. 45.10% of their portfolio NEW YORK, NY 7,464,0767.5m $286.8m $286.8m 45.10% First filing
11 Laurore Ltd 100.00% of their portfolio HONG KONG, K3 6,846,2796.8m $263.0m $263.0m 100.00% Reduced -1.9m -1,940,000
12 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 6,504,1606.5m $249.9m $249.9m 0.05% Reduced -75.1k -75,102
13 D. E. Shaw & Co., Inc. 0.19% of their portfolio New York, NY 6,260,4516.3m $240.5m $240.5m 0.19% Added +1.6m +1,561,154
14 JANE STREET GROUP, LLC 0.24% of their portfolio NEW YORK, NY 5,872,2125.9m $225.6m $225.6m 0.24% Reduced -14.4m -14,443,568
15 Marex Group Ltd 2.15% of their portfolio London, X0 5,393,6725.4m $207.2m $207.2m 2.15% Reduced -2.3m -2,255,098
16 BARCLAYS PLC 0.06% of their portfolio LONDON, X0 4,501,2204.5m $172.9m $172.9m 0.06% Reduced -784.8k -784,816
17 IMC-Chicago, LLC 2.52% of their portfolio CHICAGO, IL 4,332,6414.3m $166.5m $166.5m 2.52% Added +2.6m +2,624,274
18 Walleye Capital LLC 1.02% of their portfolio NEW YORK, NY 4,317,5554.3m $165.9m $165.9m 1.02% Added +3.2m +3,188,515
19 MACQUARIE GROUP LTD 0.95% of their portfolio Sydney, NSW 2000, C3 4,138,5184.1m $159.0m $159.0m 0.95% Reduced -987.6k -987,625
20 NEOS Investment Management LLC 0.68% of their portfolio Westport, CT 3,490,6753.5m $134.1m $134.1m 0.68% Added +1.3m +1,340,068
21 HRTG GPE, LLC 15.99% of their portfolio WILSON, WY 3,250,7313.3m $124.9m $124.9m 15.99% Added +980.4k +980,404
22 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 3,227,3953.2m $124.0m $124.0m 0.03% Added +248.1k +248,070
23 MARINER INVESTMENT GROUP LLC 36.45% of their portfolio NEW YORK, NY 3,129,3523.1m $120.2m $120.2m 36.45% Added +982.8k +982,816
24 HARVARD MANAGEMENT CO INC 6.44% of their portfolio BOSTON, MA 3,044,6123.0m $117.0m $117.0m 6.44% Reduced -2.3m -2,309,000
25 Schonfeld Strategic Advisors LLC 0.74% of their portfolio NEW YORK, NY 2,353,5782.4m $90.4m $90.4m 0.74% Reduced -5.7m -5,747,011
26 Weiss Asset Management LP 1.61% of their portfolio BOSTON, MA 2,280,2282.3m $87.6m $87.6m 1.61% Reduced -5.5m -5,521,755
27 Pine Ridge Advisers LLC 6.12% of their portfolio NEW YORK, NY 2,243,8272.2m $86.2m $86.2m 6.12% Added +16.4k +16,447
28 Consolidated Portfolio Review Corp 7.51% of their portfolio WOODBURY, NY 2,142,1852.1m $82.3m $82.3m 7.51% Unchanged
29 Texas Capital Bank Wealth Management Services Inc 4.63% of their portfolio Dallas, TX 2,032,6482.0m $78.1m $78.1m 4.63% Unchanged
30 Hudson Bay Capital Management LP 0.43% of their portfolio STAMFORD, CT 1,878,2621.9m $72.2m $72.2m 0.43% Added +737.7k +737,727
31 Pinpoint Asset Management (Singapore) Pte. Ltd. 16.15% of their portfolio SINGAPORE, U0 1,787,5711.8m $68.7m $68.7m 16.15% Unchanged
32 Walleye Trading LLC 1.38% of their portfolio NEW YORK, NY 1,750,1031.8m $67.2m $67.2m 1.38% Added +267.5k +267,525
33 Cerity Partners LLC 0.10% of their portfolio NEW YORK, NY 1,746,1651.7m $67.1m $67.1m 0.10% Added +591.5k +591,488
34 Pilgrim Partners Asia Pte Ltd 28.11% of their portfolio SINGAPORE, U0 1,734,3001.7m $66.6m $66.6m 28.11% Added +1.2m +1,221,000
35 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio BALA CYNWYD, PA 1,702,9881.7m $65.4m $65.4m 0.08% Reduced -2.2m -2,224,821
36 ParaFi Capital LP 17.65% of their portfolio NEW YORK, NY 1,461,1451.5m $56.1m $56.1m 17.65% Reduced -13.9k -13,901
37 Wealthfront Advisers LLC 0.12% of their portfolio Palo Alto, CA 1,460,5311.5m $56.1m $56.1m 0.12% Added +344.0k +344,030
38 Copperwood Asset Management LP 100.00% of their portfolio HOUSTON, TX 1,415,4671.4m $54.4m $54.4m 100.00% Reduced -263.0k -263,000
39 Nearwater Capital Markets, Ltd 1.26% of their portfolio NEW YORK, NY 1,384,8001.4m $53.2m $53.2m 1.26% Unchanged
40 Cresset Asset Management, LLC 0.22% of their portfolio Chicago, IL 1,327,0471.3m $51.0m $51.0m 0.22% Added +360.7k +360,742
41 Fortress Investment Group LLC 12.99% of their portfolio NEW YORK, NY 1,325,0001.3m $50.9m $50.9m 12.99% Unchanged
42 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 1,324,9841.3m $50.9m $50.9m 0.05% Added +466.9k +466,906
43 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 1,296,5001.3m $49.8m $49.8m 0.05% Added +262.1k +262,087
44 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 1,275,6801.3m $49.0m $49.0m 0.03% Reduced -2.8m -2,751,452
45 Belvedere Trading LLC 6.54% of their portfolio CHICAGO, IL 1,275,4741.3m $49.0m $49.0m 6.54% Added +589.7k +589,742
46 Mint Tower Capital Management B.V. 4.28% of their portfolio AMSTERDAM, P7 1,205,9001.2m $46.3m $46.3m 4.28% Added +954.5k +954,500
47 Ovata Capital Management Ltd 6.14% of their portfolio HONG KONG, K3 1,142,8051.1m $43.9m $43.9m 6.14% Unchanged
48 Betterment LLC 0.08% of their portfolio NEW YORK, NY 1,140,5861.1m $43.8m $43.8m 0.08% Reduced -54.4k -54,403
49 Patient Capital Management, LLC 1.58% of their portfolio BALTIMORE, MD 1,100,0001.1m $42.3m $42.3m 1.58% New
50 Harvest Portfolios Group Inc. 0.63% of their portfolio Oakville, A6 991,429991.4k $38.1m $38.1m 0.63% Added +132.0k +131,963
51 Financial Engines Advisors L.L.C. 0.08% of their portfolio SANTA CLARA, CA 977,599977.6k $37.6m $37.6m 0.08% Added +191.4k +191,433
52 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 972,590972.6k $37.4m $37.4m 0.00% Added +253.6k +253,582
53 Mariner, LLC 0.04% of their portfolio Overland Park, KS 951,784951.8k $36.6m $36.6m 0.04% Added +23.8k +23,793
54 Graham Capital Management, L.P. 1.20% of their portfolio ROWAYTON, CT 925,862925.9k $35.6m $35.6m 1.20% Reduced -622.0k -621,993
55 Allen Investment Management, LLC 0.42% of their portfolio NEW YORK, NY 892,298892.3k $34.3m $34.3m 0.42% Reduced -3.6k -3,638
56 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 797,729797.7k $28.5m $28.5m 0.04% Reduced -556.6k -556,575
57 HORIZON KINETICS ASSET MANAGEMENT LLC 0.33% of their portfolio NEW YORK, NY 793,343793.3k $30.5m $30.5m 0.33% Reduced -3.5k -3,520
58 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 775,848775.8k $29.8m $29.8m 0.08% Added +50.7k +50,704
59 Rising Stella Capital Pte. Ltd 13.95% of their portfolio SINGAPORE, U0 775,735775.7k $29.8m $29.8m 13.95% Added +386.6k +386,590
60 Militia Capital Management LLC 2.21% of their portfolio AUSTIN, TX 764,814764.8k $29.4m $29.4m 2.21% First filing
61 Squarepoint Ops LLC 0.06% of their portfolio NEW YORK, NY 755,676755.7k $29.0m $29.0m 0.06% Added +330.7k +330,713
62 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 741,179741.2k $28.5m $28.5m 0.01% Added +211.1k +211,128
63 KALEIDOSCOPE CAPITAL LP 10.52% of their portfolio BOSTON, MA 711,376711.4k $27.3m $27.3m 10.52% Added +183.6k +183,624
64 Simplify Asset Management Inc. 0.41% of their portfolio Las Vegas, NV 700,000700.0k $26.9m $26.9m 0.41% Reduced -95.0k -95,000
65 Foundations Investment Advisors, LLC 0.33% of their portfolio PHOENIX, AZ 694,028694.0k $26.7m $26.7m 0.33% Added +149.9k +149,869
66 ALLEN OPERATIONS LLC 3.84% of their portfolio NEW YORK, NY 670,200670.2k $25.7m $25.7m 3.84% Unchanged
67 WINTON GROUP Ltd 0.89% of their portfolio LONDON, X0 661,277661.3k $25.4m $25.4m 0.89% Reduced -942.4k -942,376
68 GARDA CAPITAL PARTNERS LP 65.35% of their portfolio WAYZATA, MN 661,085661.1k $25.4m $25.4m 65.35% New
69 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 3.47% of their portfolio Reston, VA 658,879658.9k $25.3m $25.3m 3.47% Added +64.5k +64,518
70 CANTOR FITZGERALD, L. P. 0.92% of their portfolio NEW YORK, NY 657,759657.8k $25.3m $25.3m 0.92% Added +33.7k +33,681
71 Verde Servicos Internacionais S.A. 7.74% of their portfolio SAO PAULO, D5 655,774655.8k $25.2m $25.2m 7.74% Reduced -671.4k -671,392
72 Intesa Sanpaolo S.p.A. 1.56% of their portfolio TURIN, L6 646,809646.8k $24.9m $24.9m 1.56% Added +176.4k +176,400
73 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 1.28% of their portfolio SOUTH NORWALK, CT 643,725643.7k $24.7m $24.7m 1.28% Added +636.9k +636,900
74 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 630,889630.9k $24.2m $24.2m 0.07% Added +45.8k +45,771
75 Magnus Financial Group LLC 1.97% of their portfolio NEW YORK, NY 630,574630.6k $24.2m $24.2m 1.97% Added +322.8k +322,757
76 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 621,117621.1k $23.9m $23.9m 0.03% Reduced -69.1k -69,091
77 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 616,819616.8k $23.7m $23.7m 0.03% Added +2.5k +2,519
78 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 3.39% of their portfolio NEW YORK, NY 592,761592.8k $22.8m $22.8m 3.39% Reduced -28.0k -28,043
79 Parkwood LLC 2.01% of their portfolio CLEVELAND, OH 589,000589.0k $22.6m $22.6m 2.01% Added +195.0k +195,000
80 SIH Partners, LLLP 0.69% of their portfolio Wilmington, DE 586,760586.8k $22.5m $22.5m 0.69% Added +502.3k +502,251
81 TUDOR INVESTMENT CORP ET AL 0.12% of their portfolio STAMFORD, CT 579,083579.1k $22.2m $22.2m 0.12% Added +2.6k +2,560
82 PPSC Investment Service Corp 1.72% of their portfolio TOKYO, M0 566,000566.0k $21.7m $21.7m 1.72% Added +94.0k +94,000
83 Oxler Private Wealth LLC 6.68% of their portfolio Rye Brook, NY 555,190555.2k $21.3m $21.3m 6.68% Added +1.7k +1,736
84 Marcho Partners LLP 16.60% of their portfolio LONDON, X0 534,900534.9k $20.6m $20.6m 16.60% Added +145.3k +145,350
85 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 514,207514.2k $19.8m $19.8m 0.01% Added +62.6k +62,618
86 Ardmore Road Asset Management LP 1.26% of their portfolio WESTPORT, CT 500,000500.0k $19.2m $19.2m 1.26% Added +220.8k +220,781
87 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 497,293497.3k $19.1m $19.1m 0.04% Reduced -802.6k -802,573
88 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 487,548487.5k $18.7m $18.7m 0.03% Added +342.7k +342,736
89 HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 1.42% of their portfolio SINGAPORE, U0 480,990481.0k $18.5m $18.5m 1.42% New
90 NewEdge Advisors, LLC 0.07% of their portfolio NEW ORLEANS, LA 477,809477.8k $18.4m $18.4m 0.07% Added +30.8k +30,805
91 STEEL GROVE CAPITAL ADVISORS, LLC 1.84% of their portfolio MEMPHIS, TN 453,090453.1k $17.4m $17.4m 1.84% Reduced -500 -500
92 Encompass More Asset Management 2.72% of their portfolio Danville, CA 420,278420.3k $16.1m $16.1m 2.72% Added +32.3k +32,303
93 GM Advisory Group, LLC 0.62% of their portfolio MELVILLE, NY 417,001417.0k $16.0m $16.0m 0.62% Added +4.0k +4,036
94 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 413,653413.7k $15.9m $15.9m 0.02% Added +28.1k +28,109
95 AlTi Global, Inc. 0.35% of their portfolio NEW YORK, NY 407,581407.6k $16.0m $16.0m 0.35% Added +11.8k +11,826
96 CWM, LLC 0.04% of their portfolio OMAHA, NE 404,067404.1k $15.5m $15.5m 0.04% Added +1.8k +1,784
97 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 399,855399.9k $15.4m $15.4m 0.03% Added +65.2k +65,182
98 Sanctuary Advisors, LLC 0.08% of their portfolio INDIANAPOLIS, IN 391,483391.5k $15.0m $15.0m 0.08% Reduced -218.8k -218,773
99 Strong Tower Advisory Services 2.75% of their portfolio MINNEAPOLIS, MN 379,872379.9k $14.6m $14.6m 2.75% Added +24.1k +24,142
100 Quantitative Investment Management, LLC 1.50% of their portfolio CHARLOTTESVILLE, VA 376,679376.7k $14.5m $14.5m 1.50% Reduced -497.9k -497,948