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 ($4.6m this quarter). Holder counts are more reliable. Shares outstanding: 332.3m as of 2026-01-30, 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 ≈ $37.79. Options: 57 managers hold calls ($3.9bn notional), 51 hold puts ($4.0bn).
Trends to Q4 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 |
| Q4 2025 | 407 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 273 | 179 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $187.3m | $322.0m | 1.72 |
| Q2 2025 | $781.7m | $958.9m | 1.23 |
| Q3 2025 | $3.8bn | $5.1bn | 1.32 |
| Q4 2025 | $3.9bn | $4.0bn | 1.02 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +5.2m |
| Marex Group Ltd | Added | +4.5m |
| BNP PARIBAS FINANCIAL MARKETS | New | +4.2m |
| Clear Street Group Inc. | New | +3.6m |
| CITIGROUP INC | Added | +3.5m |
| CANTOR FITZGERALD, L. P. | Added | +3.3m |
| WOLVERINE ASSET MANAGEMENT LLC | New | +3.1m |
| MORGAN STANLEY | Added | +2.8m |
| Quadrature Capital Ltd | Added | +2.6m |
| NEUBERGER BERMAN GROUP LLC | Added | +1.9m |
Biggest sellers
| WELLS FARGO & COMPANY/MN | Reduced | -7.4m |
| JANE STREET GROUP, LLC | Reduced | -6.1m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -4.9m |
| CITADEL ADVISORS LLC | Reduced | -2.6m |
| Jefferies Financial Group Inc. | Reduced | -2.6m |
| FMR LLC | Reduced | -2.1m |
| GROUP ONE TRADING LLC | Reduced | -1.9m |
| SIMPLEX TRADING, LLC | Reduced | -1.3m |
| TWO SIGMA ADVISERS, LP | Sold out | -1.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -1.0m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $654.6m17.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $615.1m16.3m shares |
| CITADEL ADVISORS LLC | Added | $429.1m11.4m shares |
| GROUP ONE TRADING LLC | Added | $338.2m9.0m shares |
| Jefferies Financial Group Inc. | Added | $302.6m8.0m shares |
| IMC-Chicago, LLC | Added | $251.2m6.7m shares |
| D. E. Shaw & Co., Inc. | Added | $217.5m5.8m shares |
| WELLS FARGO & COMPANY/MN | New | $181.7m4.8m shares |
| SIMPLEX TRADING, LLC | Added | $165.3m4.4m shares |
| Walleye Trading LLC | Added | $105.3m2.8m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $613.7m16.2m shares |
| CITADEL ADVISORS LLC | Reduced | $393.9m10.4m shares |
| JANE STREET GROUP, LLC | Added | $364.3m9.6m shares |
| GROUP ONE TRADING LLC | Reduced | $302.1m8.0m shares |
| Jefferies Financial Group Inc. | Reduced | $285.1m7.5m shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $247.9m6.6m shares |
| GOLDMAN SACHS GROUP INC | Added | $228.2m6.0m shares |
| Walleye Trading LLC | Reduced | $223.9m5.9m shares |
| CANTOR FITZGERALD, L. P. | New | $189.8m5.0m shares |
| IMC-Chicago, LLC | Added | $185.2m4.9m 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| D. E. Shaw & Co., Inc. 0.34% of their portfolio | 11.7m $441.3m | Added +967.6k |
| CITIGROUP INC 0.25% of their portfolio | 9.9m $373.1m | Added +3.5m |
| Situational Awareness LP 8.40% of their portfolio | 8.7m $328.6m | Added +1.5m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 7.4m $278.1m | Added +5.2m |
| MORGAN STANLEY 0.02% of their portfolio | 7.4m $277.7m | Added +2.8m |
| BIT Capital GmbH 11.43% of their portfolio | 6.9m $262.2m | Added +1.1m |
| JANE STREET GROUP, LLC 0.25% of their portfolio | 5.6m $211.3m | Reduced -6.1m |
| Marex Group Ltd 1.83% of their portfolio | 4.5m $168.9m | Added +4.5m |
| BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio | 4.2m $158.7m | New |
| Clear Street Group Inc. 0.72% of their portfolio | 3.6m $137.1m | New |
| Value Aligned Research Advisors, LLC 2.72% of their portfolio | 3.5m $132.8m | Reduced -358.1k |
| CANTOR FITZGERALD, L. P. 3.90% of their portfolio | 3.5m $131.1m | Added +3.3m |
| UBS Group AG 0.02% of their portfolio | 3.2m $119.7m | Added +402.8k |
| WOLVERINE ASSET MANAGEMENT LLC 1.65% of their portfolio | 3.1m $116.2m | New |
| Quadrature Capital Ltd 1.11% of their portfolio | 2.9m $108.4m | Added +2.6m |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 5.28% of their portfolio | 2.6m $97.6m | Reduced -782.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.30% of their portfolio | 2.3m $86.3m | Added +631.2k |
| Invesco Ltd. 0.01% of their portfolio | 2.0m $77.4m | Reduced -640.8k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 2.0m $74.2m | Added +1.9m |
| Altshuler Shaham Ltd 0.07% of their portfolio | 1.7m $4.6m | Unchanged |
| Tidal Investments LLC 0.26% of their portfolio | 1.7m $63.0m | Added +1.5m |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 1.5m $56.3m | New |
| MIRAE ASSET SECURITIES (USA) INC. 2.13% of their portfolio | 1.4m $53.9m | Added +266.3k |
| Vident Advisory, LLC 0.49% of their portfolio | 1.4m $52.0m | Added +143.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4m $51.3m | Added +17.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $51.0m | Added +1.1m |
| MIZUHO MARKETS AMERICAS LLC 1.07% of their portfolio | 1.3m $49.6m | Added +495.6k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 1.3m $49.4m | Reduced -724.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio | 1.3m $47.5m | Added +315.4k |
| GROUP ONE TRADING LLC 1.32% of their portfolio | 1.2m $44.6m | Reduced -1.9m |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 1.2m $43.6m | Added +1.0m |
| Capital Research Global Investors 0.01% of their portfolio | 1.0m $38.7m | New |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.0m $38.6m | Added +165.5k |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 968.3k $36.6m | Added +299.5k |
| Private Advisor Group, LLC 0.17% of their portfolio | 962.0k $36.3m | Added +180.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 840.0k $31.7m | Reduced -2.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 825.4k $31.2m | Reduced -1.0m |
| ALKEON CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 800.0k $30.2m | Reduced -700.0k |
| IMC-Chicago, LLC 0.51% of their portfolio | 772.1k $29.2m | Added +145.7k |
| Alpine Fox Capital LLC 19.10% of their portfolio | 750.5k $28.3m | Unchanged |
| Jefferies Financial Group Inc. 0.22% of their portfolio | 704.4k $26.6m | Reduced -2.6m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 675.0k $25.5m | New |
| BlackRock, Inc. 0.00% of their portfolio | 632.3k $23.9m | Reduced -255.8k |
| CastleKnight Management LP 1.28% of their portfolio | 595.9k $22.5m | Added +126.5k |
| STATE STREET CORP 0.00% of their portfolio | 590.3k $22.3m | Reduced -160.1k |
| Squarepoint Ops LLC 0.04% of their portfolio | 571.3k $21.6m | Reduced -63.3k |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 527.7k $19.9m | Reduced -35.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 514.7k $19.4m | Reduced -32.7k |
| Legal & General Group Plc 0.00% of their portfolio | 493.8k $18.6m | New |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 492.6k $18.6m | Added +485.4k |
| EXCHANGE TRADED CONCEPTS, LLC 0.15% of their portfolio | 467.9k $17.7m | Reduced -642.7k |
| BARCLAYS PLC 0.01% of their portfolio | 465.3k $17.6m | Added +435.2k |
| Marathon Trading Investment Management LLC 2.05% of their portfolio | 454.1k $17.2m | Added +431.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 437.7k $16.5m | Reduced -7.4m |
| Wedbush Fund Advisers, LLC 1.59% of their portfolio | 406.6k $15.4m | First filing |
| LPL Financial LLC 0.00% of their portfolio | 393.9k $14.9m | Added +111.7k |
| Artemis Investment Management LLP 0.18% of their portfolio | 384.8k $14.5m | Reduced -1.0m |
| Man Group plc 0.03% of their portfolio | 370.3k $14.0m | Reduced -232.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 361.6k $13.7m | Reduced -25.5k |
| MEITAV INVESTMENT HOUSE LTD 0.14% of their portfolio | 328.6k $12.4m | Added +8.6k |
| IEQ CAPITAL, LLC 0.04% of their portfolio | 320.4k $12.1m | Reduced -4.7k |
| Susquehanna Portfolio Strategies, LLC 0.19% of their portfolio | 318.1k $12.0m | Unchanged |
| Gillson Capital LP 0.76% of their portfolio | 309.1k $11.7m | Reduced -88.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 297.1k $11.2m | Reduced -102.1k |
| Voleon Capital Management LP 0.23% of their portfolio | 282.2k $10.7m | Added +50.4k |
| Privium Fund Management B.V. 1.95% of their portfolio | 280.0k $10.6m | Added +150.0k |
| Maridea Wealth Management LLC 1.59% of their portfolio | 279.0k $10.5m | Added +10.9k |
| Caption Management, LLC 0.46% of their portfolio | 277.9k $10.5m | Reduced -160.0k |
| Bridgewater Associates, LP 0.04% of their portfolio | 276.7k $10.5m | Added +198.7k |
| Trexquant Investment LP 0.09% of their portfolio | 265.4k $10.0m | Added +196.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 262.6k $9.9m | Reduced -4.9m |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 258.8k $9.8m | Added +123.4k |
| Caitong International Asset Management Co., Ltd 2.32% of their portfolio | 251.0k $9.5m | Added +250.8k |
| Graham Capital Management, L.P. 0.32% of their portfolio | 242.7k $9.2m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio | 240.1k $9.1m | Reduced -230.6k |
| X-Square Capital, LLC 2.97% of their portfolio | 240.0k $9.1m | New |
| FWL INVESTMENT MANAGEMENT, LLC 2.16% of their portfolio | 237.9k $9.0m | Reduced -2.1k |
| Cetera Investment Advisers 0.01% of their portfolio | 234.1k $8.8m | Added +199.2k |
| FORA Capital, LLC 1.01% of their portfolio | 222.0k $8.4m | New |
| Schonfeld Strategic Advisors LLC 0.04% of their portfolio | 205.1k $7.7m | Added +22.0k |
| Quantitative Investment Management, LLC 0.72% of their portfolio | 195.6k $7.4m | New |
| SIMPLEX TRADING, LLC 0.20% of their portfolio | 191.9k $7.2m | Reduced -1.3m |
| Park West Asset Management LLC 0.59% of their portfolio | 184.8k $7.0m | Reduced -496.2k |
| Jump Financial, LLC 0.08% of their portfolio | 178.5k $6.7m | Added +158.8k |
| JW Asset Management, LLC 2.02% of their portfolio | 164.7k $6.2m | New |
| NOMURA HOLDINGS INC 0.02% of their portfolio | 161.5k $6.1m | Added +94.4k |
| FirstWave Capital Management LLC 3.61% of their portfolio | 160.9k $6.1m | First filing |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 155.6k $5.9m | Added +60.4k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.33% of their portfolio | 153.0k $5.8m | New |
| Walleye Capital LLC 0.03% of their portfolio | 151.9k $5.7m | Added +34.5k |
| Foundations Investment Advisors, LLC 0.08% of their portfolio | 151.8k $5.7m | Added +36.1k |
| Corient Private Wealth LP 0.00% of their portfolio | 151.1k $440.6k | New |
| Public Sector Pension Investment Board 0.02% of their portfolio | 150.0k $5.7m | New |
| AVAII WEALTH MANAGEMENT, LLC 2.00% of their portfolio | 145.8k $5.5m | Added +98.6k |
| CORSAIR CAPITAL MANAGEMENT, L.P. 0.89% of their portfolio | 142.6k $5.4m | Reduced -5.0k |
| Regal Partners Ltd 0.31% of their portfolio | 141.5k $5.3m | Reduced -1.0k |
| Trivium Point Advisory, LLC 0.54% of their portfolio | 140.9k $5.3m | Reduced -40.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 138.0k $5.2m | Added +94.0k |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.07% of their portfolio | 133.9k $5.1m | Reduced -154.7k |
| CloudAlpha Capital Management Limited/Hong Kong 0.45% of their portfolio | 133.5k $5.0m | Added +67.2k |