IREN LIMITED IREN
ORDINARY SHARES · Common Stock · CUSIP Q4982L109
- SectorFinancials
- IndustryFinance Services
- 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 ($1.9m this quarter). Holder counts are more reliable. Shares outstanding: 283.5m as of 2025-10-31, 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 ≈ $47.01. Options: 52 managers hold calls ($3.8bn notional), 57 hold puts ($5.1bn).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 29 |
| Q4 2022 | 26 |
| Q1 2023 | 32 |
| Q2 2023 | 45 |
| Q3 2023 | 54 |
| Q4 2023 | 65 |
| Q1 2024 | 91 |
| Q2 2024 | 141 |
| Q3 2024 | 144 |
| Q4 2024 | 187 |
| Q1 2025 | 164 |
| Q2 2025 | 208 |
| Q3 2025 | 350 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 49 | 21 |
| Q1 2024 | 75 | 29 |
| Q2 2024 | 111 | 46 |
| Q3 2024 | 104 | 76 |
| Q4 2024 | 127 | 71 |
| Q1 2025 | 102 | 103 |
| Q2 2025 | 152 | 74 |
| Q3 2025 | 250 | 117 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $361.0m | $352.8m | 0.98 |
| Q1 2025 | $187.3m | $322.0m | 1.72 |
| Q2 2025 | $781.7m | $958.9m | 1.23 |
| Q3 2025 | $3.8bn | $5.1bn | 1.32 |
Biggest buyers
| D. E. Shaw & Co., Inc. | New | +10.7m |
| WELLS FARGO & COMPANY/MN | Added | +7.3m |
| TWO SIGMA INVESTMENTS, LP | Added | +4.2m |
| CITIGROUP INC | Added | +3.4m |
| JANE STREET GROUP, LLC | Added | +3.4m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +1.5m |
| MARSHALL WACE, LLP | Added | +1.4m |
| JPMORGAN CHASE & CO | Added | +1.3m |
| MIRAE ASSET SECURITIES (USA) INC. | New | +1.2m |
| TWO SIGMA ADVISERS, LP | New | +1.1m |
Biggest sellers
| BIT Capital GmbH | Reduced | -10.4m |
| FMR LLC | Reduced | -6.5m |
| Hood River Capital Management LLC | Reduced | -5.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -3.9m |
| GROUP ONE TRADING LLC | Reduced | -3.4m |
| VAN ECK ASSOCIATES CORP | Reduced | -2.1m |
| CITADEL ADVISORS LLC | Reduced | -1.7m |
| Merewether Investment Management, LP | Sold out | -1.4m |
| TUDOR INVESTMENT CORP ET AL | Reduced | -1.3m |
| CastleKnight Management LP | Reduced | -1.3m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $737.6m15.7m shares |
| JANE STREET GROUP, LLC | Added | $565.7m12.1m shares |
| CITADEL ADVISORS LLC | Added | $423.5m9.0m shares |
| GROUP ONE TRADING LLC | Added | $418.8m8.9m shares |
| Jefferies Financial Group Inc. | Added | $337.4m7.2m shares |
| IMC-Chicago, LLC | Added | $232.5m5.0m shares |
| SIMPLEX TRADING, LLC | Added | $170.5m3.6m shares |
| WOLVERINE TRADING, LLC | Added | $168.4m3.7m shares |
| Walleye Trading LLC | Reduced | $106.5m2.3m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $78.0m1.7m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $789.3m16.8m shares |
| CITADEL ADVISORS LLC | Added | $597.3m12.7m shares |
| Jefferies Financial Group Inc. | Reduced | $494.3m10.5m shares |
| GROUP ONE TRADING LLC | Added | $465.7m9.9m shares |
| JANE STREET GROUP, LLC | Added | $404.8m8.6m shares |
| WELLS FARGO & COMPANY/MN | Added | $355.8m7.6m shares |
| Walleye Trading LLC | Added | $287.1m6.1m shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $247.3m5.3m shares |
| SIMPLEX TRADING, LLC | Added | $216.7m4.6m shares |
| IMC-Chicago, LLC | Added | $162.2m3.5m 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.
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 |
|---|---|
| GOLDMAN SACHS GROUP INC 13G · institution new · filed 2026-08-12 | 9.4% |
Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (4.1%, 2026-10-28), Citadel Securities GP LLC (4.7%, 2026-09-30), SUSQUEHANNA SECURITIES, LLC (4.2%, 2026-02-13), JANE STREET GROUP, LLC (4.7%, 2026-02-02)
Insider purchases and sales in Q3 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 3 | $33.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-16 | Guzowski Christopher Director | Sold | $434.3k12.0k shares |
| 2025-09-11 | Roberts William Gregory Co-Chief Executive Officer, director · By Awassi Capital Trust #1 | Sold | $33.1m1.0m shares |
| 2025-09-11 | Roberts Daniel John Co-Chief Executive Officer, director · By Awassi Capital Trust #2 | Sold | $33.1m1.0m shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| JANE STREET GROUP, LLC 0.64% of their portfolio | 11.7m $549.6m | Added +3.4m |
| D. E. Shaw & Co., Inc. 0.41% of their portfolio | 10.7m $503.0m | New |
| WELLS FARGO & COMPANY/MN 0.08% of their portfolio | 7.9m $369.9m | Added +7.3m |
| Situational Awareness LP 15.11% of their portfolio | 7.2m $338.9m | Added +820.0k |
| CITIGROUP INC 0.21% of their portfolio | 6.4m $301.7m | Added +3.4m |
| BIT Capital GmbH 12.40% of their portfolio | 5.8m $271.9m | Reduced -10.4m |
| TWO SIGMA INVESTMENTS, LP 0.37% of their portfolio | 5.1m $241.4m | Added +4.2m |
| MORGAN STANLEY 0.01% of their portfolio | 4.5m $211.6m | Reduced -956.5k |
| Value Aligned Research Advisors, LLC 4.19% of their portfolio | 3.9m $181.8m | Added +607.2k |
| CITADEL ADVISORS LLC 0.13% of their portfolio | 3.5m $162.7m | Reduced -1.7m |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 8.66% of their portfolio | 3.4m $158.0m | Reduced -784.6k |
| Jefferies Financial Group Inc. 1.42% of their portfolio | 3.3m $155.4m | Added +1.1m |
| GROUP ONE TRADING LLC 4.30% of their portfolio | 3.1m $143.7m | Reduced -3.4m |
| UBS Group AG 0.03% of their portfolio | 2.8m $129.9m | Added +751.6k |
| Invesco Ltd. 0.02% of their portfolio | 2.7m $126.2m | Reduced -284.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.2m $103.7m | Added +780.4k |
| FMR LLC 0.01% of their portfolio | 2.1m $99.7m | Reduced -6.5m |
| MARSHALL WACE, LLP 0.10% of their portfolio | 2.0m $95.4m | Added +1.4m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.13% of their portfolio | 1.9m $87.2m | Reduced -3.9m |
| Altshuler Shaham Ltd 0.09% of their portfolio | 1.7m $5.5m | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.26% of their portfolio | 1.7m $77.6m | Added +1.5m |
| ALKEON CAPITAL MANAGEMENT LLC 0.32% of their portfolio | 1.5m $70.4m | Added +500.0k |
| SIMPLEX TRADING, LLC 1.49% of their portfolio | 1.4m $67.7m | Added +60.5k |
| Artemis Investment Management LLP 0.82% of their portfolio | 1.4m $65.5m | Added +809.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $62.9m | Added +1.3m |
| Vident Advisory, LLC 0.57% of their portfolio | 1.2m $57.8m | Reduced -862.3k |
| MIRAE ASSET SECURITIES (USA) INC. 2.39% of their portfolio | 1.2m $54.5m | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.50% of their portfolio | 1.1m $52.1m | Added +121.6k |
| TWO SIGMA ADVISERS, LP 0.10% of their portfolio | 1.1m $50.4m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 1.0m $48.7m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio | 941.4k $44.2m | Reduced -194.9k |
| BlackRock, Inc. 0.00% of their portfolio | 888.0k $41.7m | Reduced -1.2m |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 856.2k $40.2m | Added +524.8k |
| MIZUHO MARKETS AMERICAS LLC 0.81% of their portfolio | 818.0k $38.4m | Added +391.3k |
| Private Advisor Group, LLC 0.18% of their portfolio | 781.7k $36.7m | Added +88.1k |
| Alpine Fox Capital LLC 29.68% of their portfolio | 750.5k $35.2m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 750.4k $35.2m | Reduced -47.0k |
| HRT FINANCIAL LP 0.16% of their portfolio | 748.0k $35.1m | Added +558.2k |
| Park West Asset Management LLC 2.92% of their portfolio | 681.1k $32.0m | New |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 668.8k $31.4m | Reduced -2.1m |
| Squarepoint Ops LLC 0.06% of their portfolio | 634.5k $29.8m | Added +112.7k |
| IMC-Chicago, LLC 0.52% of their portfolio | 626.3k $29.4m | Added +372.1k |
| Man Group plc 0.05% of their portfolio | 602.9k $28.3m | New |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 563.0k $26.4m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 547.4k $25.7m | Reduced -187.6k |
| Jain Global LLC 0.31% of their portfolio | 515.2k $24.2m | New |
| THAMES CAPITAL MANAGEMENT LLC 3.48% of their portfolio | 513.0k $24.1m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 470.7k $22.1m | Added +81.0k |
| CastleKnight Management LP 1.18% of their portfolio | 469.4k $22.0m | Reduced -1.3m |
| Caption Management, LLC 1.20% of their portfolio | 437.9k $20.6m | Added +383.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 399.3k $18.7m | Reduced -419.3k |
| Gillson Capital LP 1.62% of their portfolio | 397.2k $18.6m | Added +260.2k |
| Proem Advisors LLC 4.46% of their portfolio | 395.0k $18.5m | Added +5.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 387.1k $18.2m | Reduced -117.3k |
| Shaolin Capital Management LLC 0.87% of their portfolio | 386.7k $18.1m | New |
| Sculptor Capital LP 0.23% of their portfolio | 360.6k $16.9m | New |
| IEQ CAPITAL, LLC 0.05% of their portfolio | 325.1k $15.3m | Added +312.3k |
| MEITAV INVESTMENT HOUSE LTD 0.21% of their portfolio | 320.0k $15.0m | New |
| Susquehanna Portfolio Strategies, LLC 0.24% of their portfolio | 318.1k $14.9m | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.18% of their portfolio | 288.6k $13.5m | Reduced -61.3k |
| PEAK6 LLC 0.18% of their portfolio | 286.9k $13.5m | Reduced -809.9k |
| LPL Financial LLC 0.00% of their portfolio | 282.2k $13.2m | Added +187.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 276.8k $13.0m | Reduced -240.6k |
| Maridea Wealth Management LLC 2.47% of their portfolio | 268.2k $15.9m | Reduced -70.7k |
| Quadrature Capital Ltd 0.14% of their portfolio | 255.8k $12.0m | New |
| FWL INVESTMENT MANAGEMENT, LLC 2.94% of their portfolio | 239.9k $11.3m | Reduced -170.8k |
| Voleon Capital Management LP 0.27% of their portfolio | 231.8k $10.9m | New |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 1.64% of their portfolio | 230.0k $10.8m | Unchanged |
| Tiptree Advisors, LLC 6.46% of their portfolio | 220.0k $10.3m | New |
| Schonfeld Strategic Advisors LLC 0.06% of their portfolio | 183.1k $8.6m | Reduced -164.8k |
| Trivium Point Advisory, LLC 0.87% of their portfolio | 181.2k $8.5m | Reduced -75.1k |
| WOLVERINE TRADING, LLC 0.15% of their portfolio | 158.6k $7.3m | Added +77.5k |
| Harvest Portfolios Group Inc. 0.13% of their portfolio | 155.1k $7.3m | Added +52.7k |
| CORSAIR CAPITAL MANAGEMENT, L.P. 1.23% of their portfolio | 147.6k $6.9m | Added +20.0k |
| Regal Partners Ltd 0.48% of their portfolio | 142.5k $6.7m | Reduced -677.9k |
| Y-Intercept (Hong Kong) Ltd 0.16% of their portfolio | 140.8k $6.6m | Reduced -331.2k |
| Alight Capital Management LP 1.57% of their portfolio | 140.0k $6.6m | Reduced -260.0k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 138.7k $6.5m | Reduced -1.3m |
| CANTOR FITZGERALD, L. P. 0.13% of their portfolio | 136.5k $6.4m | Added +92.2k |
| Tidal Investments LLC 0.03% of their portfolio | 135.9k $6.4m | Added +123.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 135.4k $6.4m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 134.0k $6.3m | Added +74.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 131.6k $6.2m | New |
| Privium Fund Management B.V. 1.10% of their portfolio | 130.0k $6.1m | New |
| Timelo Investment Management Inc. 9.89% of their portfolio | 127.0k $6.0m | New |
| Polymer Capital Management (HK) LTD 0.77% of their portfolio | 118.4k $5.6m | Reduced -179.6k |
| Walleye Capital LLC 0.04% of their portfolio | 117.3k $5.5m | Reduced -475.9k |
| Foundations Investment Advisors, LLC 0.08% of their portfolio | 115.8k $5.4m | Added +105.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 115.2k $7.1m | Added +54.0k |
| Baader Bank Aktiengesellschaft 0.45% of their portfolio | 115.0k $5.4m | Reduced -215.0k |
| National Philanthropic Trust 0.06% of their portfolio | 110.4k $5.2m | New |
| J.W. COLE ADVISORS, INC. 0.10% of their portfolio | 108.0k $5.1m | Added +68.7k |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.04% of their portfolio | 105.2k $4.9m | Added +24.4k |
| LMR Partners LLP 0.06% of their portfolio | 100.2k $4.7m | New |
| Concentric Capital Strategies, LP 0.21% of their portfolio | 95.7k $4.5m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 95.2k $4.5m | Reduced -52.1k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 91.4k $4.3m | New |
| Informed Momentum Co LLC 0.49% of their portfolio | 91.0k $4.3m | New |
| Calamos Advisors LLC 0.02% of their portfolio | 90.4k $4.2m | New |
| SG Americas Securities, LLC 0.02% of their portfolio | 89.3k $4.2m | Reduced -14.6k |