Who owns BTC
Which tracked institutional funds hold BTC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BTC company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-20). 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
34 tracked funds added or opened BTC while 63 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
BTC’s largest tracked holder by dollar value, HORIZON KINETICS ASSET MANAGEMENT LLC, sizes it at 1.8% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 1.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BTC 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 439 tracked filers holding BTC, 179 increased or opened the position and 208 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 BTC 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 9
- Pacific Excel Wealth Advisors, Inc.$5M
- Qube Research & Technologies Ltd$3M
- FFG Partners, LLC$2M
- Bank of New York Mellon Corp$596K
- GOLDMAN SACHS GROUP INC$594K
- Valeo Financial Advisors, LLC$554K
Full exits 18
- HighTower Advisors, LLC$11M
- Betterment LLC$8M
- JANE STREET GROUP, LLC$6M
- Cambridge Investment Research Advisors, Inc.$4M
- MSRH, LLC$3M
- R. W. Roge & Company, Inc.$2M
Largest adds
- HORIZON KINETICS ASSET MANAGEMENT LLC$67M
- Verde Capital Management$8M
- WELLS FARGO & COMPANY/MN$4M
- Pasadena Private Wealth, LLC$2M
- Centurion Wealth Management LLC$2M
- RENAISSANCE TECHNOLOGIES LLC$2M
Largest trims
- Steward Partners Investment Advisory, LLC$27M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$26M
- MILLENNIUM MANAGEMENT LLC$18M
- Bullish$18M
- Beacon Pointe Advisors, LLC$8M
- RIVERSEDGE ADVISORS, LLC$7M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC added | 6,067,993 | $157M | 19.4% | 2026-Q2 |
| Bullish | 4,523,963 | $117M | 14.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,564,896 | $67M | 8.2% | 2026-Q2 |
| EMORY UNIVERSITY | 1,354,148 | $35M | 4.3% | 2026-Q2 |
| Paragon Advisors, LLC added | 1,306,342 | $34M | 4.2% | 2026-Q2 |
| Tidal Investments LLC added | 1,093,783 | $28M | 3.5% | 2026-Q2 |
| Sloy Dahl & Holst, LLC added | 954,568 | $25M | 3.0% | 2026-Q2 |
| MORGAN STANLEY added | 859,068 | $22M | 2.7% | 2026-Q2 |
| KALEIDOSCOPE CAPITAL LP added | 637,727 | $17M | 2.0% | 2026-Q2 |
| SteelPeak Wealth, LLC trimmed | 585,796 | $15M | 1.9% | 2026-Q2 |
| Ovata Capital Management Ltd trimmed | 551,872 | $14M | 1.8% | 2026-Q2 |
| ParaFi Capital LP | 520,000 | $13M | 1.7% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 517,836 | $13M | 1.7% | 2026-Q2 |
| NewEdge Wealth, LLC trimmed | 381,271 | $10M | 1.2% | 2026-Q2 |
| LPL Financial LLC added | 360,740 | $9M | 1.2% | 2026-Q2 |
| Pasadena Private Wealth, LLC added | 351,755 | $9M | 1.1% | 2026-Q2 |
| Apriem Advisors added | 330,202 | $9M | 1.1% | 2026-Q2 |
| EagleClaw Capital Managment, LLC added | 320,872 | $8M | 1.0% | 2026-Q2 |
| Verde Capital Management added | 320,526 | $8M | 1.0% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 286,710 | $7M | 0.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 273,410 | $7M | 0.9% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 256,832 | $7M | 0.8% | 2026-Q2 |
| Mariner, LLC added | 252,904 | $7M | 0.8% | 2026-Q2 |
| Heritage Family Offices, LLP added | 205,477 | $5M | 0.7% | 2026-Q2 |
| Pacific Excel Wealth Advisors, Inc. new | 205,477 | $5M | 0.7% | 2026-Q2 |
| Reliant Wealth Planning added | 186,312 | $5M | 0.6% | 2026-Q2 |
| ASSETMARK, INC added | 173,925 | $5M | 0.6% | 2026-Q2 |
| MATAURO, LLC added | 170,767 | $4M | 0.5% | 2026-Q2 |
| VVR Holdings LLC added | 168,908 | $4M | 0.5% | 2026-Q2 |
| Cresset Asset Management, LLC trimmed | 168,492 | $4M | 0.5% | 2026-Q2 |
| Exit Wealth Advisors, LLC. added | 161,725 | $4M | 0.5% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 161,416 | $4M | 0.5% | 2026-Q2 |
| Moors & Cabot, Inc. trimmed | 161,265 | $4M | 0.5% | 2026-Q2 |
| Stonebrook Private Inc. added | 154,323 | $4M | 0.5% | 2026-Q2 |
| ShoreHaven Wealth Partners, LLC added | 145,908 | $4M | 0.5% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 145,717 | $4M | 0.5% | 2026-Q2 |
| Beaumont Financial Advisors, LLC trimmed | 145,081 | $4M | 0.5% | 2026-Q2 |
| Ascension Capital Advisors, Inc. added | 144,683 | $4M | 0.5% | 2026-Q2 |
| Financial Security Advisor, Inc. added | 142,916 | $4M | 0.5% | 2026-Q2 |
| RIVERSEDGE ADVISORS, LLC trimmed | 141,650 | $4M | 0.5% | 2026-Q2 |
| MEITAV INVESTMENT HOUSE LTD added | 141,129 | $4M | 0.5% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 127,533 | $3M | 0.4% | 2026-Q2 |
| One Charles Private Wealth Services, LLC trimmed | 123,284 | $3M | 0.4% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 122,160 | $3M | 0.4% | 2026-Q2 |
| HFG Wealth Management, LLC trimmed | 118,551 | $3M | 0.4% | 2026-Q2 |
| Qube Research & Technologies Ltd new | 109,411 | $3M | 0.3% | 2026-Q2 |
| Cushing Capital Partners, LLC added | 106,264 | $3M | 0.3% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 99,464 | $3M | 0.3% | 2026-Q2 |
| Abacus Planning Group, Inc. added | 99,249 | $3M | 0.3% | 2026-Q2 |
| Centurion Wealth Management LLC added | 92,440 | $2M | 0.3% | 2026-Q2 |
| Focus Partners Wealth trimmed | 90,831 | $2M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 90,419 | $2M | 0.3% | 2026-Q2 |
| Weil Company, Inc. added | 89,011 | $2M | 0.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 86,440 | $2M | 0.3% | 2026-Q2 |
| Elevate Capital Advisors, LLC added | 84,447 | $2M | 0.3% | 2026-Q2 |
| Aptus Capital Advisors, LLC added | 83,504 | $2M | 0.3% | 2026-Q2 |
| MAD RIVER INVESTORS added | 81,517 | $2M | 0.3% | 2026-Q2 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 77,221 | $2M | 0.2% | 2026-Q2 |
| Quadcap Wealth Management, LLC added | 73,612 | $2M | 0.2% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 69,462 | $2M | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 69,336 | $2M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 66,567 | $2M | 0.2% | 2026-Q2 |
| Aries Wealth Management added | 64,542 | $2M | 0.2% | 2026-Q2 |
| FFG Partners, LLC new | 63,232 | $2M | 0.2% | 2026-Q2 |
| THRYVE WEALTH MANAGEMENT LLC added | 60,314 | $2M | 0.2% | 2026-Q2 |
| Balboa Wealth Partners added | 58,318 | $2M | 0.2% | 2026-Q2 |
| Wealthfront Advisers LLC trimmed | 57,410 | $1M | 0.2% | 2026-Q2 |
| Pettinga Financial Advisors LLC added | 57,053 | $1M | 0.2% | 2026-Q2 |
| Fielder Capital Group LLC trimmed | 56,638 | $1M | 0.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 54,057 | $1M | 0.2% | 2026-Q2 |
| McKinley Carter Wealth Services, Inc. | 53,040 | $1M | 0.2% | 2026-Q2 |
| Cerity Partners LLC added | 50,245 | $1M | 0.2% | 2026-Q2 |
| THEORY FINANCIAL LLC added | 48,919 | $1M | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 48,748 | $1M | 0.2% | 2026-Q2 |
| Addison Capital Co trimmed | 46,584 | $1M | 0.1% | 2026-Q2 |
| Savant Capital, LLC added | 46,541 | $1M | 0.1% | 2026-Q2 |
| Werba Rubin Papier Wealth Management added | 45,151 | $1M | 0.1% | 2026-Q2 |
| Creative Planning trimmed | 44,819 | $1M | 0.1% | 2026-Q2 |
| Lido Advisors, LLC added | 44,504 | $1M | 0.1% | 2026-Q2 |
| Van Hulzen Asset Management, LLC trimmed | 44,368 | $1M | 0.1% | 2026-Q2 |
| Summit Financial, LLC trimmed | 44,298 | $1M | 0.1% | 2026-Q2 |
| Red Door Wealth Management, LLC added | 44,233 | $1M | 0.1% | 2026-Q2 |
| Waterloo Capital, L.P. trimmed | 44,114 | $1M | 0.1% | 2026-Q2 |
| Pekin Hardy Strauss, Inc. added | 43,786 | $1M | 0.1% | 2026-Q2 |
| Upper Left Wealth Management, LLC added | 43,315 | $1M | 0.1% | 2026-Q2 |
| ATX Financial Planning, LLC added | 42,839 | $1M | 0.1% | 2026-Q2 |
| TigerOak Management, L.L.C. trimmed | 42,643 | $1M | 0.1% | 2026-Q2 |
| TRAPHAGEN INVESTMENT ADVISORS LLC added | 42,245 | $1M | 0.1% | 2026-Q2 |
| Gem Investment Advisors, LLC trimmed | 41,617 | $1M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 39,780 | $1M | 0.1% | 2026-Q2 |
| Foundation Wealth Management, LLC added | 38,858 | $1M | 0.1% | 2026-Q2 |
| SIGNATUREFD, LLC added | 38,318 | $994K | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 37,833 | $982K | 0.1% | 2026-Q2 |
| Cooper Financial Group added | 37,686 | $978K | 0.1% | 2026-Q2 |
| EQ WEALTH ADVISORS, LLC added | 37,330 | $969K | 0.1% | 2026-Q2 |
| RETIREMENT FINANCIAL SOLUTIONS, LLC added | 37,115 | $963K | 0.1% | 2026-Q2 |
| Interchange Capital Partners, LLC added | 36,907 | $958K | 0.1% | 2026-Q2 |
| Claro Advisors Inc. added | 33,957 | $881K | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 33,876 | $879K | 0.1% | 2026-Q2 |
| Sankala Group LLC added | 32,503 | $930K | 0.1% | 2026-Q2 |
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.