Who owns BTC Development Corp. Class A Ordinary Shares (BDCI)
Which tracked institutional funds hold BDCI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BDCI company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
6 tracked funds added or opened BDCI while 10 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BDCI’s largest tracked holder by dollar value, Decagon Asset Management LLP, sizes it at 3.4% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 3.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BDCI divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 46 tracked filers holding BDCI, 10 increased or opened the position and 16 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BDCI between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 3
- D. E. Shaw & Co., Inc.$7M
- StoneX Group Inc.$1M
- Arax Advisory Partners$588K
Full exits 7
- GLAZER CAPITAL, LLC$12M
- TENOR CAPITAL MANAGEMENT Co., L.P.$11M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$7M
- Saba Capital Management, L.P.$4M
- JPMORGAN CHASE & CO$3M
- Mint Tower Capital Management B.V.$2M
Largest adds
- WOLVERINE ASSET MANAGEMENT LLC$8M
- CSS LLC/IL$313K
- Schonfeld Strategic Advisors LLC$266K
Largest trims
- TORONTO DOMINION BANK$3M
- Shaolin Capital Management LLC$1M
- Clear Street Group Inc.$501K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| WOLVERINE ASSET MANAGEMENT LLC added | 1,143,985 | $12M | 4.1% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 1,135,685 | $11M | 4.1% | 2026-Q2 |
| Linden Advisors LP | 1,125,000 | $11M | 4.0% | 2026-Q2 |
| LMR Partners LLP | 1,025,000 | $10M | 3.7% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 1,000,000 | $10M | 3.6% | 2026-Q2 |
| AQR Arbitrage LLC added | 878,674 | $9M | 3.2% | 2026-Q2 |
| Verition Fund Management LLC | 840,159 | $8M | 3.0% | 2026-Q2 |
| Magnetar Financial LLC | 750,000 | $8M | 2.7% | 2026-Q2 |
| First Trust Capital Management L.P. | 738,849 | $7M | 2.7% | 2026-Q2 |
| D. E. Shaw & Co., Inc. new | 700,000 | $7M | 2.5% | 2026-Q2 |
| Radcliffe Capital Management, L.P. added | 653,362 | $7M | 2.3% | 2026-Q2 |
| Alberta Investment Management Corp | 525,000 | $5M | 1.9% | 2026-Q2 |
| Periscope Capital Inc. | 450,000 | $5M | 1.6% | 2026-Q2 |
| ARISTEIA CAPITAL, L.L.C. | 400,000 | $4M | 1.4% | 2026-Q2 |
| MOORE CAPITAL MANAGEMENT, LP | 400,000 | $4M | 1.4% | 2026-Q2 |
| Hudson Bay Capital Management LP | 400,000 | $4M | 1.4% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP | 396,439 | $4M | 1.4% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC | 393,800 | $4M | 1.4% | 2026-Q2 |
| Context Capital Management, LLC | 350,000 | $4M | 1.3% | 2026-Q2 |
| Centiva Capital, LP | 313,508 | $3M | 1.1% | 2026-Q2 |
| Wealthspring Capital LLC | 312,752 | $3M | 1.1% | 2026-Q2 |
| Shaolin Capital Management LLC trimmed | 310,366 | $3M | 1.1% | 2026-Q2 |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC added | 300,403 | $3M | 1.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS | 269,320 | $3M | 1.0% | 2026-Q2 |
| SONA ASSET MANAGEMENT (US) LLC | 262,494 | $3M | 0.9% | 2026-Q2 |
| BERKLEY W R CORP | 260,103 | $3M | 0.9% | 2026-Q2 |
| CSS LLC/IL added | 232,617 | $2M | 0.8% | 2026-Q2 |
| Governors Lane LP | 200,000 | $2M | 0.7% | 2026-Q2 |
| Lineage Point Capital LP | 200,000 | $2M | 0.7% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 199,562 | $2M | 0.7% | 2026-Q2 |
| Polar Asset Management Partners Inc. | 175,000 | $2M | 0.6% | 2026-Q2 |
| MIZUHO SECURITIES USA LLC | 150,000 | $1M | 0.5% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 117,900 | $1M | 0.4% | 2026-Q2 |
| DLD Asset Management, LP | 108,100 | $1M | 0.4% | 2026-Q2 |
| StoneX Group Inc. added | 107,233 | $1M | 0.4% | 2026-Q2 |
| WHITEBOX ADVISORS LLC | 100,000 | $1M | 0.4% | 2026-Q2 |
| O'Connor Alternative Investments LLC | 100,000 | $1M | 0.4% | 2026-Q2 |
| Clear Street Group Inc. trimmed | 94,820 | $955K | 0.3% | 2026-Q2 |
| Bulldog Investors, LLP trimmed | 65,840 | $663K | 0.2% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 59,155 | $595K | 0.2% | 2026-Q2 |
| Arax Advisory Partners new | 58,348 | $588K | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 27,871 | $280K | 0.1% | 2026-Q2 |
| ABC ARBITRAGE SA | 20,000 | $201K | 0.1% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT | 20,000 | $201K | 0.1% | 2026-Q2 |
| MORGAN STANLEY trimmed | 43 | $433 | 0.0% | 2026-Q2 |
| UBS Group AG new | 1 | $10 | 0.0% | 2026-Q2 |
| GLAZER CAPITAL, LLC trimmed | 1,163,248 | $12M | 4.2% | 2026-Q1 stale (1 quarter behind) |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 1,125,000 | $11M | 4.0% | 2026-Q1 stale (1 quarter behind) |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 750,000 | $7M | 2.7% | 2026-Q1 stale (1 quarter behind) |
| Saba Capital Management, L.P. trimmed | 405,127 | $4M | 1.4% | 2026-Q1 stale (1 quarter behind) |
| JPMORGAN CHASE & CO new | 300,000 | $3M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| Mint Tower Capital Management B.V. | 200,000 | $2M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| Virtu Financial LLC trimmed | 84,346 | $843K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| BOOTHBAY FUND MANAGEMENT, LLC | 34,988 | $350K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Kepos Capital LP new | 2,900 | $29K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Decagon Asset Management LLP new | 51,491 | $35M | 12.5% | 2025-Q4 stale (2 quarters behind) |
| METEORA CAPITAL, LLC new | 1,831,855 | $18M | 6.5% | 2025-Q4 stale (2 quarters behind) |
| Harraden Circle Investments, LLC new | 666,903 | $7M | 2.4% | 2025-Q4 stale (2 quarters behind) |
| FIFTH LANE CAPITAL, LP new | 225,000 | $2M | 0.8% | 2025-Q4 stale (2 quarters behind) |
| Driehaus Capital Management LLC new | 100,000 | $1M | 0.4% | 2025-Q4 stale (2 quarters behind) |
| CANTOR FITZGERALD, L. P. new | 98,000 | $981K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| Crossingbridge Advisors, LLC new | 25,000 | $250K | 0.1% | 2025-Q4 stale (2 quarters behind) |
1 parent filing withheld from the table above, and from the coverage figures, to avoid listing one book twice: OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) (last filed 2025-Q4, 100,000 shares) reconciles to its 1 current affiliate (100,000 shares) — 0.000% apart.
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.