Which funds own CIFR
Cipher Digital Inc in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $420m between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 5 managers opened or added against 1 cutting.
- Managers holding
- 6
- at least, of 91 current
- Combined value
- $420m
- as reported
- Opened
- 5
- new this quarter
- Added to
- 0
- already held
- Trimmed or sold out
- 1
- 0 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| D. E. Shaw & Co. Quantitative · $210bn book | $355m | 0.2% | 14,507,309 | +$145m-1,881,226 | Trimmed |
| Moore Capital Management LP Macro · $6.7bn book | $35m | 0.5% | 1,431,698 | opened1,431,698 | New |
| Tiger Global Management LLC Long/short equity · $24.0bn book | $23m | 0.1% | 927,000 | opened927,000 | New |
| Rokos Capital Management LLP Macro · $26.8bn book | $2.7m | 0.0% | 112,101 | opened112,101 | New |
| Steadfast Capital Management LP Long/short equity · $3.3bn book | $2.4m | 0.1% | 96,399 | opened96,399 | New |
| Discovery Capital Management LLC Macro · $2.4bn book | $1.7m | 0.1% | 70,819 | opened70,819 | New |
Ownership through time
At least 14 of the 95 managers whose filings are on file listed CIFR in Q2 2026, against 2 in Q3 2021. 8 managers more than in Q1 2026: 6 started positions; 4 listed it again; 2 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q3 2021: 2
- Q4 2021: 1
- Q1 2022: 1
- Q2 2022: 1
- Q3 2022: 1
- Q4 2022: 1
- Q1 2023: 1
- Q2 2023: 1
- Q3 2023: 1
- Q4 2023: 1
- Q1 2024: 2
- Q2 2024: 1
- Q3 2024: 2
- Q4 2024: 2
- Q1 2025: 1
- Q2 2025: 2
- Q3 2025: 6
- Q4 2025: 7
- Q1 2026: 6
- Q2 2026: 14
- Q3 2021: $17m
- Q4 2021: $463k
- Q1 2022: $364k
- Q2 2022: $137k
- Q3 2022: $126k
- Q4 2022: $56k
- Q1 2023: $233k
- Q2 2023: $286k
- Q3 2023: $233k
- Q4 2023: $413k
- Q1 2024: $20m
- Q2 2024: $415k
- Q3 2024: $2.0m
- Q4 2024: $11m
- Q1 2025: $1.8m
- Q2 2025: $12m
- Q3 2025: $362m
- Q4 2025: $685m
- Q1 2026: $486m
- Q2 2026: $1.2bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Jane Street Group LLC11,428,614 to 15,434,258 shares+$98m
- Moore Capital Management LPnew: 1,431,698 shares+$35m
- Tiger Global Management LLCnew: 927,000 shares+$23m
- Rokos Capital Management LLPnew: 112,101 shares+$2.7m
- Steadfast Capital Management LPnew: 96,399 shares+$2.4m
Largest decreases, by shares
- D. E. Shaw & Co.16,388,535 to 14,507,309 shares-$46m
- Brevan Howard Capital Management LP588,658 to 150,000 shares-$11m
Left it
No manager on file is shown leaving it.
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- D. E. Shaw & Co. · calls$435m notional
What CIFR is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around CIFR →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.
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