Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bitfarms Ltd (BITF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -16
Streak
1Q ▼
Buyers last Q
49%

Smart Money Signals — BITF

Based on 184 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BITF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
184 funds currently hold this stock — 92% of the 3.0-year high of 200 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +29% more funds vs a year ago

fund count last 6Q
+41 new funds entered over the past year (+29% 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.
🟠

More sellers than buyers — 49% buying

105 buying108 selling
Last quarter: 108 funds reduced or exited vs 105 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-41 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 14 → 65 → 76 → 35. 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.
📌

Mixed — 38% long-term, 35% new

■ 38% conviction (2yr+) ■ 27% medium ■ 35% new
Of the 184 current holders: 70 (38%) held >2 years, 49 held 1–2 years, and 65 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares +18%, value -2%

Value
-2%
Shares
+18%
Last quarter: funds added +18% 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.
📈

Growing discovery — still being found

27 → 14 → 65 → 76 → 35 new funds/Q
New funds entering each quarter: 14 → 65 → 76 → 35. A growing number of institutions are discovering BITF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 45% veterans vs 38% newcomers

■ 45% veterans ■ 17% 1-2yr ■ 38% new
Entry-cohort mix of 203 holders: 91 (45%) are 2+ year veterans, 35 entered 1–2 years ago, and 77 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
37 of 178 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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.

Institutional Sentiment Summary — BITF

In 2026 Q1, 105 hedge funds were net buyers of BITF (35 opened a new position, 70 added to an existing one), while 108 reduced or exited (57 trimmed, 51 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. 38% of total institutional value in BITF is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 184.

Hedge Fund Ownership: BITF

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

Market Analysis: BITF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BITF

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 1 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: BITF
183 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 183 200 -8.5%
13F Shares 323M 273M 18.12%
Total Value $629M $643M -2.09%
New Positions 35 76 -41
Increased Positions 62 58 +4
Closed Positions 52 49 +3
Reduced Positions 50 44 +6
Total Calls 14 18 -22.22%
Total Puts 11 13 -15.38%
PUT/CALL Ratio 0.79 0.72 Neutral

Statistics: BITF

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

183 + investors

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

QUARTER:
Top 25 BITF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Galaxy Digital Capital Management GP LLC 6.34% 3,072,979 $6.0M
2 Azora Capital LP 1.31% 10,194,455 $19.9M
3 Monarch Alternative Capital LP 0.85% 7,150,000 $13.9M
4 Creek Drive Management Group LLC 0.73% 1,640,000 $3.2M
5 BIT Capital GmbH 0.54% 5,719,277 $11.2M
6 Continental General Insurance Co 0.46% 1,650,152 $3.2M
7 CastleKnight Management LP 0.35% 10,894,969 $21.2M
8 MMCAP International Inc. SPC 0.29% 1,695,298 $3.3M
9 Situational Awareness LP 0.28% 19,875,840 $38.8M
10 Situational Awareness Partners LP 0.28% 19,875,840 $38.8M
11 Arrington Capital Management, LLC 0.20% 100,000 $195K
12 Polymer Capital Management (US) LLC 0.13% 646,208 $1.3M
13 Round Rock Advisors LLC 0.10% 248,493 $678K
14 Alight Capital Management LP 0.09% 200,000 $390K
15 Laidlaw Wealth Management LLC 0.09% 12,600 $25K
16 Value Aligned Research Advisors, LLC 0.07% 7,815,121 $15.2M
17 Vident Advisory, LLC 0.07% 4,046,657 $7.9M
18 Baader Bank Aktiengesellschaft 0.06% 410,446 $791K
19 Brevan Howard Capital Management LP 0.06% 3,499,900 $6.8M
20 Fulcrum Equity Management 0.06% 30,500 $59K
21 Defiance ETFs, LLC 0.05% 1,731,901 $3.4M
22 Galaxy Digital Inc. 0.04% 250,000 $488K
23 Himension Capital (singapore) PTE. LTD. 0.04% 258,459 $504K
24 Black Maple Capital Management LP 0.04% 33,000 $64K
25 Connor, Clark & Lunn Investment Management Ltd. 0.04% 7,886,241 $15.5M
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 — Bitfarms Ltd (BITF)

What does the Smart Money Trend signal show for BITF?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BITF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BITF?

More sellers than buyers — 49% buying: Last quarter: 108 funds reduced or exited vs 105 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BITF holders?

Strong quality — 38% AUM from major funds: 37 of 178 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BITF?

Mixed — 38% long-term, 35% new: Of the 184 current holders: 70 (38%) held >2 years, 49 held 1–2 years, and 65 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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.

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