Which funds own WULF
Terawulf Inc in the Q2 2026 filings. At least 11 of the 91 current managers on file reported a position, worth $1.4bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 11 managers opened or added against 0 cutting.
- Managers holding
- 11
- at least, of 91 current
- Combined value
- $1.4bn
- as reported
- Opened
- 3
- new this quarter
- Added to
- 8
- already held
- Trimmed or sold out
- 0
- 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 |
|---|---|---|---|---|---|
| Lone Pine Capital LLC Long/short equity · $16.4bn book | $596m | 3.6% | 24,144,625 | +$309m+4,223,195 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $284m | 0.2% | 11,495,860 | +$171m+3,658,763 | Added |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $170m | 0.7% | 6,882,819 | +$86m+1,023,402 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $149m | 0.2% | 6,034,956 | +$98m+2,505,901 | Added |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $128m | 0.1% | 5,173,625 | +$83m+2,040,503 | Added |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $32m | 0.2% | 1,285,372 | +$27m+964,688 | Added |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $25m | 0.1% | 1,016,625 | +$17m+480,446 | Added |
| Polen Capital Management LLC Long-only · $11.6bn book | $14m | 0.1% | 563,139 | +$12m+456,764 | Added |
| Winton Group Ltd Quantitative · $3.1bn book | $5.6m | 0.2% | 224,707 | opened224,707 | New |
| Rokos Capital Management LLP Macro · $26.8bn book | $3.4m | 0.0% | 138,706 | opened138,706 | New |
| Discovery Capital Management LLC Macro · $2.4bn book | $1.6m | 0.1% | 64,515 | opened64,515 | New |
Ownership through time
At least 16 of the 95 managers whose filings are on file listed WULF in Q2 2026, against 1 in Q1 2024. 6 managers more than in Q1 2026: 4 started positions; 2 listed it again.
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: 1
- Q2 2024: 5
- Q3 2024: 3
- Q4 2024: 3
- Q1 2025: 2
- Q2 2025: 2
- Q3 2025: 7
- Q4 2025: 9
- Q1 2026: 10
- Q2 2026: 16
- Q1 2024: $526k
- Q2 2024: $88m
- Q3 2024: $34m
- Q4 2024: $39m
- Q1 2025: $5.5m
- Q2 2025: $30m
- Q3 2025: $443m
- Q4 2025: $449m
- Q1 2026: $736m
- Q2 2026: $1.6bn
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
- Lone Pine Capital LLC19,921,430 to 24,144,625 shares+$104m
- Two Sigma Investments LP7,837,097 to 11,495,860 shares+$90m
- Capital World Investorsnew: 3,523,551 shares+$87m
- Squarepoint Ops LLC3,529,055 to 6,034,956 shares+$62m
- Point72 Asset Management LP3,133,122 to 5,173,625 shares+$50m
Largest decreases, by shares
- Marshall Wace LLP9,374,298 to 1,420,942 shares-$196m
- Brevan Howard Capital Management LP775,366 to 193,809 shares-$14m
- Quantbot Technologies LP133,337 to 109,083 shares-$599k
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Lone Pine Capital LLC | Q3 2024 | $596m | $596m | |
| Two Sigma Investments LP | Q2 2024 | $284m | $284m | |
| Voloridge Investment Management LLC | Q3 2025 | $170m | $170m | |
| Squarepoint Ops LLC | Q1 2026 | $149m | $149m | |
| Point72 Asset Management LP | Q2 2024 | $128m | $128m | |
| Capital World Investors | Q2 2026 | $87m | $87m | |
| Marshall Wace LLP | Q4 2025 | $135m | $35m | |
| ExodusPoint Capital Management LP | Q1 2026 | $32m | $32m | |
| Walleye Capital LLC | Q2 2026 | $25m | $25m | |
| Polen Capital Management LLC | Q1 2026 | $14m | $14m | |
| Schonfeld Strategic Advisors LLC | Q2 2024 | $13m | $13m | |
| Winton Group Ltd | Q3 2024 | $5.5m | $5.5m | |
| Brevan Howard Capital Management LP | Q1 2024 | $11m | $4.8m | |
| Rokos Capital Management LLP | Q2 2026 | $3.4m | $3.4m | |
| Quantbot Technologies LP | Q1 2025 | $3.7m | $2.7m | |
| D. E. Shaw & Co. | Q3 2025 | $178m | last listed Q4 2025 | |
| Two Sigma Advisers LP | Q3 2025 | $90m | last listed Q4 2025 | |
| Tudor Investment Corp | Q3 2025 | $27m | last listed Q3 2025 | |
| Moore Capital Management LP | Q2 2024 | $22m | last listed Q4 2025 | |
| Soros Fund Management LLC | Q4 2024 | $8.6m | last listed Q4 2024 |
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.
- ExodusPoint Capital Management LP · calls$28m notional
What WULF 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 WULF →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
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