Who owns BTC (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-Q1 13F filings. 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
46 tracked funds added or opened BTC while 76 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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 1.0% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.7pp 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 2025-Q4 and 2026-Q1, across 486 tracked filers holding BTC, 231 increased or opened the position and 190 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 2025-Q4 and 2026-Q1 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 12
- Ovata Capital Management Ltd$17M
- Betterment LLC$8M
- Cresset Asset Management, LLC$5M
- Gem Investment Advisors, LLC$4M
- Ascension Capital Advisors, Inc.$4M
- Heritage Family Offices, LLP$4M
Full exits 11
- Multicoin Capital Management, LLC$10M
- DRW Securities, LLC$4M
- PEAK FINANCIAL ADVISORS LLC$2M
- Spahn Wealth & Retirement LLC$2M
- B. Riley Wealth Advisors, Inc.$2M
- Virtu Financial LLC$1M
Largest adds
- Tidal Investments LLC$25M
- MORGAN STANLEY$21M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$12M
- NewEdge Wealth, LLC$11M
- Beacon Pointe Advisors, LLC$7M
- Paragon Advisors, LLC$6M
Largest trims
- MILLENNIUM MANAGEMENT LLC$98M
- JANE STREET GROUP, LLC$49M
- HORIZON KINETICS ASSET MANAGEMENT LLC$26M
- Steward Partners Investment Advisory, LLC$9M
- Sloy Dahl & Holst, LLC$6M
- SteelPeak Wealth, LLC$5M
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 |
|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC added | 3,004,416 | $90M | 10.8% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 2,078,938 | $62M | 7.5% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 1,361,254 | $41M | 4.9% | 2026-Q1 |
| EMORY UNIVERSITY added | 1,354,148 | $41M | 4.9% | 2026-Q1 |
| Paragon Advisors, LLC added | 1,073,430 | $32M | 3.9% | 2026-Q1 |
| Tidal Investments LLC added | 991,110 | $30M | 3.6% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 928,819 | $28M | 3.3% | 2026-Q1 |
| Sloy Dahl & Holst, LLC added | 850,614 | $26M | 3.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 832,601 | $25M | 3.0% | 2026-Q1 |
| MORGAN STANLEY added | 719,078 | $22M | 2.6% | 2026-Q1 |
| KALEIDOSCOPE CAPITAL LP added | 611,747 | $18M | 2.2% | 2026-Q1 |
| SteelPeak Wealth, LLC added | 599,531 | $18M | 2.2% | 2026-Q1 |
| Ovata Capital Management Ltd | 567,872 | $17M | 2.0% | 2026-Q1 |
| ParaFi Capital LP | 520,000 | $16M | 1.9% | 2026-Q1 |
| NewEdge Wealth, LLC added | 383,564 | $12M | 1.4% | 2026-Q1 |
| RIVERSEDGE ADVISORS, LLC added | 370,049 | $11M | 1.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 360,099 | $11M | 1.3% | 2026-Q1 |
| EagleClaw Capital Managment, LLC added | 313,677 | $9M | 1.1% | 2026-Q1 |
| Apriem Advisors added | 286,259 | $9M | 1.0% | 2026-Q1 |
| LPL Financial LLC added | 282,129 | $8M | 1.0% | 2026-Q1 |
| Betterment LLC new | 272,654 | $8M | 1.0% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 267,561 | $8M | 1.0% | 2026-Q1 |
| Pasadena Private Wealth, LLC trimmed | 228,044 | $7M | 0.8% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 227,896 | $7M | 0.8% | 2026-Q1 |
| Mariner, LLC added | 222,404 | $7M | 0.8% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 203,570 | $6M | 0.7% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 194,603 | $6M | 0.7% | 2026-Q1 |
| HFG Wealth Management, LLC added | 193,397 | $6M | 0.7% | 2026-Q1 |
| Reliant Wealth Planning added | 180,843 | $5M | 0.7% | 2026-Q1 |
| Cresset Asset Management, LLC added | 170,983 | $5M | 0.6% | 2026-Q1 |
| Moors & Cabot, Inc. added | 169,104 | $5M | 0.6% | 2026-Q1 |
| MATAURO, LLC added | 164,877 | $5M | 0.6% | 2026-Q1 |
| ASSETMARK, INC trimmed | 155,864 | $5M | 0.6% | 2026-Q1 |
| Stonebrook Private Inc. added | 149,895 | $4M | 0.5% | 2026-Q1 |
| Beaumont Financial Advisors, LLC added | 146,947 | $4M | 0.5% | 2026-Q1 |
| Gem Investment Advisors, LLC new | 145,500 | $4M | 0.5% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 138,788 | $4M | 0.5% | 2026-Q1 |
| Ascension Capital Advisors, Inc. new | 137,147 | $4M | 0.5% | 2026-Q1 |
| VVR Holdings LLC added | 135,900 | $4M | 0.5% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 135,127 | $4M | 0.5% | 2026-Q1 |
| Exit Wealth Advisors, LLC. added | 134,901 | $4M | 0.5% | 2026-Q1 |
| Financial Security Advisor, Inc. added | 130,065 | $4M | 0.5% | 2026-Q1 |
| Heritage Family Offices, LLP new | 129,188 | $4M | 0.5% | 2026-Q1 |
| One Charles Private Wealth Services, LLC added | 124,003 | $4M | 0.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 110,931 | $3M | 0.4% | 2026-Q1 |
| MEITAV INVESTMENT HOUSE LTD added | 106,693 | $3M | 0.4% | 2026-Q1 |
| Fielder Capital Group LLC added | 103,657 | $3M | 0.4% | 2026-Q1 |
| MSRH, LLC | 103,200 | $3M | 0.4% | 2026-Q1 |
| Merit Financial Group, LLC added | 102,403 | $3M | 0.4% | 2026-Q1 |
| Abacus Planning Group, Inc. added | 99,230 | $3M | 0.4% | 2026-Q1 |
| Cushing Capital Partners, LLC added | 94,661 | $3M | 0.3% | 2026-Q1 |
| Focus Partners Wealth added | 91,774 | $3M | 0.3% | 2026-Q1 |
| ShoreHaven Wealth Partners, LLC trimmed | 88,527 | $3M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 88,276 | $3M | 0.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 85,812 | $3M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 82,612 | $2M | 0.3% | 2026-Q1 |
| R. W. Roge & Company, Inc. added | 81,381 | $2M | 0.3% | 2026-Q1 |
| MAD RIVER INVESTORS added | 81,217 | $2M | 0.3% | 2026-Q1 |
| Aptus Capital Advisors, LLC added | 79,932 | $2M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 79,847 | $2M | 0.3% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 76,867 | $2M | 0.3% | 2026-Q1 |
| BECK CAPITAL MANAGEMENT, LLC added | 76,607 | $2M | 0.3% | 2026-Q1 |
| Quadcap Wealth Management, LLC added | 73,311 | $2M | 0.3% | 2026-Q1 |
| Ethos Financial Group, LLC | 53,631 | $2M | 0.2% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 68,942 | $2M | 0.2% | 2026-Q1 |
| Weil Company, Inc. added | 65,207 | $2M | 0.2% | 2026-Q1 |
| Aries Wealth Management added | 63,702 | $2M | 0.2% | 2026-Q1 |
| AlTi Global, Inc. new | 60,197 | $2M | 0.2% | 2026-Q1 |
| Wealthfront Advisers LLC trimmed | 59,336 | $2M | 0.2% | 2026-Q1 |
| THRYVE WEALTH MANAGEMENT LLC added | 58,263 | $2M | 0.2% | 2026-Q1 |
| Waterloo Capital, L.P. new | 57,269 | $2M | 0.2% | 2026-Q1 |
| Pettinga Financial Advisors LLC added | 55,122 | $2M | 0.2% | 2026-Q1 |
| Van Hulzen Asset Management, LLC trimmed | 54,925 | $2M | 0.2% | 2026-Q1 |
| McKinley Carter Wealth Services, Inc. added | 53,040 | $2M | 0.2% | 2026-Q1 |
| Summit Financial, LLC added | 52,087 | $2M | 0.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 51,982 | $2M | 0.2% | 2026-Q1 |
| Balboa Wealth Partners added | 50,333 | $2M | 0.2% | 2026-Q1 |
| THEORY FINANCIAL LLC trimmed | 48,476 | $1M | 0.2% | 2026-Q1 |
| TigerOak Management, L.L.C. added | 48,077 | $1M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 47,311 | $1M | 0.2% | 2026-Q1 |
| Addison Capital Co added | 46,964 | $1M | 0.2% | 2026-Q1 |
| Creative Planning added | 46,440 | $1M | 0.2% | 2026-Q1 |
| Elequin Capital, LP added | 361,194 | $18M | 2.2% | 2025-Q3 stale |
| Beacon Harbor Wealth Advisors, Inc. added | 239,537 | $12M | 1.5% | 2025-Q3 stale |
| HBK INVESTMENTS L P | 226,705 | $11M | 1.4% | 2025-Q3 stale |
| Multicoin Capital Management, LLC | 264,361 | $10M | 1.2% | 2025-Q4 stale |
| OLD MISSION CAPITAL LLC new | 201,705 | $10M | 1.2% | 2025-Q3 stale |
| Redhawk Wealth Advisors, Inc. added | 151,358 | $8M | 0.9% | 2025-Q3 stale |
| Metavasi Capital LP new | 101,756 | $5M | 0.6% | 2025-Q2 stale |
| SIMPLEX TRADING, LLC added | 95,512 | $5M | 0.6% | 2025-Q3 stale |
| DRW Securities, LLC added | 97,499 | $4M | 0.5% | 2025-Q4 stale |
| PEAK FINANCIAL ADVISORS LLC added | 60,929 | $2M | 0.3% | 2025-Q4 stale |
| RPO LLC | 45,900 | $2M | 0.3% | 2025-Q3 stale |
| Strive Asset Management, LLC added | 43,152 | $2M | 0.3% | 2025-Q3 stale |
| Spahn Wealth & Retirement LLC trimmed | 53,398 | $2M | 0.2% | 2025-Q4 stale |
| B. Riley Wealth Advisors, Inc. trimmed | 48,845 | $2M | 0.2% | 2025-Q4 stale |
| Consolidated Portfolio Review Corp added | 35,203 | $2M | 0.2% | 2025-Q3 stale |
| Aristides Capital LLC | 32,984 | $2M | 0.2% | 2025-Q2 stale |
| Virtu Financial LLC added | 38,697 | $1M | 0.2% | 2025-Q4 stale |
| Global Endowment Management, LP | 39,593 | $1M | 0.2% | 2025-Q1 stale |
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.