Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

GRAYSCALE BITCOIN MINI TR ET (BTC)

491 + Investors. Track Smart Money conviction in BTC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
4Q ▲
Buyers last Q
57%

Smart Money Signals — BTC

Based on 483 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added BTC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
483 hedge funds hold BTC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +38% more funds vs a year ago

fund count last 6Q
+132 new funds entered over the past year (+38% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 57% buying

238 buying179 selling
Last quarter: 238 funds bought or added vs 179 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 80 → 80 → 87 → 77. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄

Mostly new holders — 31% entered in last year

■ 2% conviction (2yr+) ■ 67% medium ■ 31% new
Only 8 funds (2%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +22%, value -2%

Value
-2%
Shares
+21%
Last quarter: funds added +22% more shares while total portfolio value only changed -2%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~77 new funds/quarter

94 → 80 → 80 → 87 → 77 new funds/Q
New funds entering each quarter: 80 → 80 → 87 → 77. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 1% veterans, 48% new entrants

■ 1% veterans ■ 51% 1-2yr ■ 48% new
Of 491 current holders: 4 (1%) held 2+ years, 249 held 1–2 years, 238 (48%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 3% AUM from top-100

3% from top-100 AUM funds
14 of 483 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: BTC

How many hedge funds hold BTC — quarterly history vs. share price
Quarterly hedge fund ownership of BTC vs. share price

Market Analysis: BTC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BTC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

34 top-rated funds 8 high-conviction
Consensus
6.7
/ 10
breadth
×
Elite
4.2
/ 10
conviction
Hedge Fund Positioning: BTC
2026 Q1 Stats Unlock in 11 days 491 + Investors

Track Smart Money conviction in BTC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 491 481 2.08%
13F Shares 25M 21M 21.62%
Total Value $3.17B $3.24B -2.18%
New Positions 77 89 -12
Increased Positions 177 169 +8
Closed Positions 66 47 +19
Reduced Positions 122 89 +33
Total Calls 3 5 -40.0%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 1.0 0.8 Neutral

Statistics: BTC

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

491 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BTC. Verified SEC 13F-HR filings.

Top 25 institutional holders of BTC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Paragon Advisors, LLC 8.68% 1,073,430 $32.2M
2 MSRH, LLC 4.46% 103,200 $4.0M
3 HFG Wealth Management, LLC 3.19% 193,397 $5.8M
4 Cushing Capital Partners, LLC 2.18% 94,661 $2.8M
5 VVR Holdings LLC 2.11% 135,900 $4.1M
6 RIVERSEDGE ADVISORS, LLC 1.80% 370,049 $11.1M
7 Heritage Family Offices, LLP 1.72% 129,188 $3.9M
8 EagleClaw Capital Managment, LLC 1.32% 313,677 $9.4M
9 R. W. Roge & Company, Inc. 1.16% 81,381 $2K
10 ATX Financial Planning, LLC 0.97% 42,502 $1.3M
11 Pasadena Private Wealth, LLC 0.95% 228,044 $6.8M
12 One Charles Private Wealth Services, LLC 0.93% 124,003 $3.7M
13 RED REEF ADVISORS LLC 0.89% 22,489 $871K
14 MAD RIVER INVESTORS 0.88% 81,217 $2.4M
15 Financial Security Advisor, Inc. 0.72% 130,065 $3.9M
16 MATAURO, LLC 0.71% 164,877 $4.9M
17 EQ WEALTH ADVISORS, LLC 0.65% 37,044 $1.1M
18 SteelPeak Wealth, LLC 0.55% 599,531 $18.0M
19 Foundation Wealth Management, LLC 0.53% 26,397 $792K
20 Upper Left Wealth Management, LLC 0.53% 30,097 $903K
21 Gallacher Capital Management LLC 0.52% 45,222 $1.4M
22 SLT Holdings LLC 0.52% 25,513 $765K
23 THEORY FINANCIAL LLC 0.51% 48,476 $1.5M
24 TigerOak Management, L.L.C. 0.45% 48,077 $1.4M
25 Weil Company, Inc. 0.44% 65,207 $2.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — GRAYSCALE BITCOIN MINI TR ET (BTC)

What does the Smart Money Trend signal show for BTC?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added BTC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BTC?

Slight buying edge — 57% buying: Last quarter: 238 funds bought or added vs 179 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BTC holders?

Smaller funds dominant — 3% AUM from top-100: 14 of 483 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BTC?

Mostly new holders — 31% entered in last year: Only 8 funds (2%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.