Who owns FBTC (FBTC)
Which tracked institutional funds hold FBTC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FBTC 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
The tracked-fund tape on FBTC is one-sided between 2025-Q4 and 2026-Q1: 67 added or opened and 213 trimmed or exited — on balance reducing.
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
FBTC’s largest tracked holder by dollar value, MILLENNIUM MANAGEMENT LLC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.4% of theirs — a 0.4pp gap the other way — the median holder sizes FBTC more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FBTC 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 637 tracked filers holding FBTC, 366 increased or opened the position and 257 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 FBTC 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 21
- Tidal Investments LLC$32M
- Strategic Financial Planning, Inc.$4M
- SIMPLEX TRADING, LLC$4M
- INTERCAPITAL, LLC$3M
- IPG Investment Advisors LLC$2M
- Bank of New York Mellon Corp$2M
Full exits 34
- Capula Management Ltd$161M
- Sculptor Capital LP$17M
- DRW Securities, LLC$8M
- ALTFEST L J & CO INC$4M
- Keel Point, LLC$3M
- Militia Capital Partners, LP$3M
Largest adds
- CITADEL ADVISORS LLC$64M
- DIVERSIFY WEALTH MANAGEMENT, LLC$15M
- Private Advisor Group, LLC$8M
- Wealth Quarterback LLC$5M
- Claar Advisors LLC$5M
- Elequin Capital, LP$5M
Largest trims
- MILLENNIUM MANAGEMENT LLC$393M
- JANE STREET GROUP, LLC$253M
- Patient Capital Management, LLC$39M
- EverSource Wealth Advisors, LLC$31M
- Schonfeld Strategic Advisors LLC$30M
- WINTON GROUP Ltd$27M
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 |
|---|---|---|---|---|
| MILLENNIUM MANAGEMENT LLC trimmed | 2,760,223 | $163M | 7.5% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 2,530,236 | $149M | 6.8% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 1,954,174 | $115M | 5.3% | 2026-Q1 |
| Almitas Capital LLC | 1,536,637 | $91M | 4.2% | 2026-Q1 |
| CANTOR FITZGERALD, L. P. | 1,280,931 | $76M | 3.5% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,226,500 | $72M | 3.3% | 2026-Q1 |
| ParaFi Capital LP trimmed | 1,050,000 | $62M | 2.8% | 2026-Q1 |
| MORGAN STANLEY added | 852,949 | $50M | 2.3% | 2026-Q1 |
| Consolidated Portfolio Review Corp | 834,367 | $49M | 2.3% | 2026-Q1 |
| Pine Ridge Advisers LLC | 834,367 | $49M | 2.3% | 2026-Q1 |
| Mariner, LLC added | 627,534 | $37M | 1.7% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 609,080 | $36M | 1.6% | 2026-Q1 |
| United Capital Management of KS, Inc. added | 563,747 | $33M | 1.5% | 2026-Q1 |
| Tidal Investments LLC added | 543,781 | $32M | 1.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 527,742 | $31M | 1.4% | 2026-Q1 |
| Cresset Asset Management, LLC added | 498,524 | $29M | 1.3% | 2026-Q1 |
| Beaumont Financial Advisors, LLC trimmed | 445,303 | $26M | 1.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 426,555 | $25M | 1.2% | 2026-Q1 |
| KALEIDOSCOPE CAPITAL LP added | 414,725 | $24M | 1.1% | 2026-Q1 |
| Cetera Investment Advisers added | 407,064 | $24M | 1.1% | 2026-Q1 |
| HighTower Advisors, LLC added | 386,012 | $23M | 1.0% | 2026-Q1 |
| Patient Capital Management, LLC trimmed | 353,831 | $21M | 1.0% | 2026-Q1 |
| Legacy Wealth Asset Management, LLC added | 302,229 | $18M | 0.8% | 2026-Q1 |
| MEANS INVESTMENT CO., INC. added | 298,606 | $18M | 0.8% | 2026-Q1 |
| Ovata Capital Management Ltd | 295,558 | $17M | 0.8% | 2026-Q1 |
| BlackRock, Inc. added | 293,833 | $17M | 0.8% | 2026-Q1 |
| Van Hulzen Asset Management, LLC trimmed | 256,315 | $15M | 0.7% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC added | 226,169 | $15M | 0.7% | 2026-Q1 |
| Compass Ion Advisors, LLC added | 250,799 | $15M | 0.7% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 237,000 | $14M | 0.6% | 2026-Q1 |
| Claar Advisors LLC added | 236,248 | $14M | 0.6% | 2026-Q1 |
| WINTON GROUP Ltd trimmed | 218,078 | $13M | 0.6% | 2026-Q1 |
| Atlas Wealth Partners, LLC added | 212,416 | $13M | 0.6% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 193,072 | $11M | 0.5% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 187,793 | $11M | 0.5% | 2026-Q1 |
| COURAGE CAPITAL MANAGEMENT LLC | 170,865 | $10M | 0.5% | 2026-Q1 |
| Great Point Wealth Advisors, LLC added | 164,297 | $10M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 162,459 | $10M | 0.4% | 2026-Q1 |
| Creative Planning added | 160,984 | $10M | 0.4% | 2026-Q1 |
| Private Advisor Group, LLC added | 158,610 | $9M | 0.4% | 2026-Q1 |
| Berman McAleer LLC added | 157,241 | $9M | 0.4% | 2026-Q1 |
| Parcion Private Wealth LLC added | 150,243 | $9M | 0.4% | 2026-Q1 |
| Citrine Capital LLC added | 138,176 | $8M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 137,590 | $8M | 0.4% | 2026-Q1 |
| Marex Group plc trimmed | 136,991 | $8M | 0.4% | 2026-Q1 |
| BNC WEALTH MANAGEMENT, LLC added | 135,225 | $8M | 0.4% | 2026-Q1 |
| Arkos Global Advisors added | 134,855 | $8M | 0.4% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 124,621 | $7M | 0.3% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 118,559 | $7M | 0.3% | 2026-Q1 |
| Lido Advisors, LLC added | 118,427 | $7M | 0.3% | 2026-Q1 |
| AVAII WEALTH MANAGEMENT, LLC added | 118,105 | $7M | 0.3% | 2026-Q1 |
| Alamea Verwaltungs GmbH | 117,771 | $7M | 0.3% | 2026-Q1 |
| IEQ CAPITAL, LLC trimmed | 116,224 | $7M | 0.3% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC trimmed | 111,984 | $7M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 107,075 | $6M | 0.3% | 2026-Q1 |
| CWM, LLC added | 103,637 | $6M | 0.3% | 2026-Q1 |
| Wealth Quarterback LLC added | 103,605 | $6M | 0.3% | 2026-Q1 |
| Allegheny Financial Group trimmed | 102,632 | $6M | 0.3% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 100,203 | $6M | 0.3% | 2026-Q1 |
| Focus Partners Wealth trimmed | 97,917 | $6M | 0.3% | 2026-Q1 |
| SevenBridge Financial Group, LLC added | 85,331 | $6M | 0.3% | 2026-Q1 |
| Aptus Capital Advisors, LLC added | 97,369 | $6M | 0.3% | 2026-Q1 |
| Fiduciary Trust Co | 95,644 | $6M | 0.3% | 2026-Q1 |
| LIBRA WEALTH LLC added | 93,717 | $6M | 0.3% | 2026-Q1 |
| Traynor Capital Management, Inc. added | 95,549 | $6M | 0.3% | 2026-Q1 |
| Elequin Capital, LP added | 93,700 | $6M | 0.3% | 2026-Q1 |
| SKY-MOUNTAIN CAPITAL MANAGEMENT, INC. trimmed | 84,338 | $5M | 0.2% | 2026-Q1 |
| Foundations Investment Advisors, LLC added | 81,417 | $5M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 81,086 | $5M | 0.2% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC trimmed | 80,117 | $5M | 0.2% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 78,143 | $5M | 0.2% | 2026-Q1 |
| Mutual Advisors, LLC added | 77,933 | $5M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 76,980 | $5M | 0.2% | 2026-Q1 |
| Strategic Financial Planning, Inc. new | 20,979 | $4M | 0.2% | 2026-Q1 |
| Eaton Financial Holdings Company, LLC added | 71,748 | $4M | 0.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 71,686 | $4M | 0.2% | 2026-Q1 |
| SIMPLEX TRADING, LLC trimmed | 70,689 | $4M | 0.2% | 2026-Q1 |
| MAD RIVER INVESTORS trimmed | 70,339 | $4M | 0.2% | 2026-Q1 |
| Beaird Harris Wealth Management, LLC added | 66,251 | $4M | 0.2% | 2026-Q1 |
| AM INVESTMENT STRATEGIES LLC added | 65,379 | $4M | 0.2% | 2026-Q1 |
| Capula Management Ltd | 2,112,794 | $161M | 7.4% | 2025-Q4 stale |
| Trans-Canada Capital Inc. | 772,842 | $77M | 3.5% | 2025-Q3 stale |
| HBK INVESTMENTS L P trimmed | 331,272 | $33M | 1.5% | 2025-Q3 stale |
| WELLINGTON MANAGEMENT GROUP LLP | 313,432 | $29M | 1.4% | 2025-Q2 stale |
| IMC-Chicago, LLC added | 271,720 | $26M | 1.2% | 2025-Q2 stale |
| GUARDIAN POINT CAPITAL, LP new | 200,000 | $20M | 0.9% | 2025-Q3 stale |
| Sculptor Capital LP trimmed | 223,595 | $17M | 0.8% | 2025-Q4 stale |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 165,695 | $17M | 0.8% | 2025-Q3 stale |
| Logan Stone Capital, LLC added | 149,992 | $15M | 0.7% | 2025-Q3 stale |
| Hunting Hill Global Capital, LLC added | 144,250 | $14M | 0.7% | 2025-Q3 stale |
| Copperleaf Capital, LLC added | 133,669 | $13M | 0.6% | 2025-Q3 stale |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 161,813 | $12M | 0.5% | 2025-Q1 stale |
| OLD MISSION CAPITAL LLC added | 110,180 | $11M | 0.5% | 2025-Q3 stale |
| Newtyn Management, LLC trimmed | 97,200 | $10M | 0.4% | 2025-Q3 stale |
| DRW Securities, LLC added | 102,361 | $8M | 0.4% | 2025-Q4 stale |
| Lindbrook Capital, LLC added | 61,837 | $4M | 0.2% | 2025-Q1 stale |
| TOWNSQUARE CAPITAL LLC added | 60,390 | $4M | 0.2% | 2025-Q1 stale |
| ALTFEST L J & CO INC trimmed | 54,197 | $4M | 0.2% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 43,801 | $4M | 0.2% | 2025-Q2 stale |
| Empowered Funds, LLC trimmed | 40,980 | $4M | 0.2% | 2025-Q2 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.