Which funds own IBIT
iShares Bitcoin Trust ETF in the Q2 2026 filings. At least 7 of the 91 current managers on file reported a position, worth $1.8bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 7
- at least, of 91 current
- Combined value
- $1.8bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 3
- already held
- Trimmed or sold out
- 5
- 3 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 |
|---|---|---|---|---|---|
| Jane Street Group LLC Quantitative · $1206bn book | $828m | 0.1% | 24,878,191 | +$603m+19,005,979 | Added |
| Millennium Management LLC Multi-strategy · $276bn book | $323m | 0.1% | 9,686,854 | opened9,686,854 | New |
| Brevan Howard Capital Management LP Macro · $13.5bn book | $240m | 1.8% | 7,205,004 | -$694m-17,099,784 | Trimmed |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $214m | 0.8% | 6,428,551 | +$48m+2,110,996 | Added |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $99m | 0.4% | 2,972,084 | +$8.5m+618,506 | Added |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $33m | 0.1% | 978,262 | -$40m-900,000 | Trimmed |
| Winton Group Ltd Quantitative · $3.1bn book | $22m | 0.7% | 661,277 | -$3.4m0 | Held |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- D. E. Shaw & Co. · Quantitative$241m held before
- Discovery Capital Management LLC · Macro$25m held before
- Coatue Management LLC · Long/short equity$2.6m held before
Ownership through time
At least 11 of the 95 managers whose filings are on file listed IBIT in Q2 2026, against 3 in Q1 2024. 1 manager fewer than in Q1 2026: 2 listed it again; 3 sold out, by their own filings.
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.
- Q1 2024: 3
- Q2 2024: 7
- Q3 2024: 7
- Q4 2024: 14
- Q1 2025: 14
- Q2 2025: 14
- Q3 2025: 16
- Q4 2025: 16
- Q1 2026: 12
- Q2 2026: 11
- Q1 2024: $1.1bn
- Q2 2024: $938m
- Q3 2024: $1.4bn
- Q4 2024: $6.1bn
- Q1 2025: $4.2bn
- Q2 2025: $7.5bn
- Q3 2025: $6.8bn
- Q4 2025: $4.5bn
- Q1 2026: $2.6bn
- Q2 2026: $1.9bn
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 LLC5,872,212 to 24,878,191 shares+$633m
- Millennium Management LLCnew: 9,686,854 shares+$322m
- Walleye Capital LLC4,317,555 to 6,428,551 shares+$70m
- Schonfeld Strategic Advisors LLC2,353,578 to 2,972,084 shares+$21m
- Verition Fund Management LLC238,911 to 384,048 shares+$4.8m
Largest decreases, by shares
- Brevan Howard Capital Management LP24,304,788 to 7,205,004 shares-$569m
- Hudson Bay Capital Management LP1,878,262 to 978,262 shares-$30m
Left it
- D. E. Shaw & Co.was $241m
- Discovery Capital Management LLCwas $25m
- Coatue Management LLCwas $2.6m
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.
- Susquehanna International Group LLP · calls$1.4bn notional
- Susquehanna International Group LLP · puts$1.3bn notional
- Jane Street Group LLC · puts$1.2bn notional
- Jane Street Group LLC · calls$1.1bn notional
- Citadel Advisors LLC · calls$821m notional
- Brevan Howard Capital Management LP · calls$241m notional
- Brevan Howard Capital Management LP · puts$176m notional
- Squarepoint Ops LLC · puts$100m notional
- Verition Fund Management LLC · puts$90m notional
- ExodusPoint Capital Management LP · calls$56m notional
- Hudson Bay Capital Management LP · calls$33m notional
- Hudson Bay Capital Management LP · puts$31m notional
What is inside it
Knowing who bought a fund is half the question. The other half is what the fund holds, which is the manager’s actual exposure rather than the wrapper they reached for.
What IBIT holdsHow 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.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More
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.
One email a week, free, and you can leave at any point.