Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bit Digital Inc (BTBT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
4Q ▲
Buyers last Q
49%

Smart Money Signals — BTBT

Based on 203 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added BTBT 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
203 hedge funds hold BTBT 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 — +36% more funds vs a year ago

fund count last 6Q
+54 new funds entered over the past year (+36% 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

107 buying111 selling
Last quarter: 111 funds reduced or exited vs 107 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.
➡️

Steady new buyers — ~48 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 57 → 60 → 50 → 48. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 33% long-term, 39% new

■ 33% conviction (2yr+) ■ 28% medium ■ 39% new
Of the 203 current holders: 67 (33%) held >2 years, 57 held 1–2 years, and 79 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 -10%, value -41%

Value
-40%
Shares
-10%
Last quarter: funds added -10% more shares while total portfolio value only changed -41%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

32 → 57 → 60 → 50 → 48 new funds/Q
New funds entering each quarter: 57 → 60 → 50 → 48. BTBT is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 42% veterans vs 43% newcomers

■ 42% veterans ■ 14% 1-2yr ■ 43% new
Entry-cohort mix of 212 holders: 90 (42%) are 2+ year veterans, 30 entered 1–2 years ago, and 92 (43%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
43 of 201 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in BTBT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — 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 — BTBT

In 2026 Q1, 107 hedge funds were net buyers of BTBT (48 opened a new position, 59 added to an existing one), while 111 reduced or exited (69 trimmed, 42 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 50% of total institutional value in BTBT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 203.

Hedge Fund Ownership: BTBT

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

Market Analysis: BTBT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BTBT

-- --

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

Is It Too Late to Buy Bit Digital Inc (BTBT) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BTBT has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
BTBT
nan%
XLF
+9.5%

BTBT outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
BTBT
nan%
XLF
+5.8%

Since the filing became public, BTBT outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

23 top-rated funds 0 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: BTBT
201 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 201 197 2.03%
13F Shares 160M 179M -10.47%
Total Value $200M $338M -40.93%
New Positions 46 50 -4
Increased Positions 56 67 -11
Closed Positions 42 44 -2
Reduced Positions 68 56 +12
Total Calls 6 12 -50.0%
Total Puts 5 11 -54.55%
PUT/CALL Ratio 0.83 0.92 Neutral

Statistics: BTBT

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Valuation Measures Data as of: --

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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)

201 + investors

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

QUARTER:
Top 25 BTBT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 LuminArx Capital Management LP 0.31% 325,000 $426K
2 J. Derek Lewis & Associates Inc. 0.14% 306,000 $578K
3 Redmond Asset Management, LLC 0.10% 268,513 $352K
4 Byrne Asset Management LLC 0.07% 85,700 $112K
5 Ccg Wealth Management, LLC 0.06% 169,000 $221K
6 Headlands Technologies LLC 0.05% 343,924 $451K
7 Zweig-DiMenna Associates LLC 0.05% 253,000 $331K
8 Southland Equity Partners LLC 0.03% 123,918 $162K
9 E6 Portfolios, LLC 0.03% 22,785 $30K
10 Wolverine Asset Management LLC 0.02% 1,823,000 $2.4M
11 XTX Topco Ltd 0.02% 855,068 $1.1M
12 Caitong International Asset Management Co., Ltd 0.02% 72,462 $95K
13 Connors Investor Services Inc 0.02% 131,156 $172K
14 Renaissance Technologies LLC 0.02% 7,359,377 $9.6M
15 Allspring Global Investments Holdings, LLC 0.01% 5,799,768 $8.0M
16 Evansbrook LLC 0.01% 15,205 $20K
17 Shay Capital LLC 0.01% 113,500 $149K
18 Global Trust Wealth Management LLC 0.01% 12,500 $16K
19 Essential Partners LLC 0.01% 26,700 $35K
20 Defiance ETFs, LLC 0.01% 613,094 $803K
21 Hennion & Walsh Asset Management, Inc. 0.01% 200,281 $262K
22 Abel Hall, LLC 0.01% 30,166 $40K
23 CastleKnight Management LP 0.01% 336,500 $441K
24 Polymer Capital Management (US) LLC 0.01% 50,340 $66K
25 Axq Capital, LP 0.01% 38,575 $51K
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 — Bit Digital Inc (BTBT)

What does the Smart Money Trend signal show for BTBT?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added BTBT 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 BTBT?

More sellers than buyers — 49% buying: Last quarter: 111 funds reduced or exited vs 107 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 BTBT holders?

Elite ownership — 50% AUM from top-100 funds: 43 of 201 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in BTBT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BTBT?

Mixed — 33% long-term, 39% new: Of the 203 current holders: 67 (33%) held >2 years, 57 held 1–2 years, and 79 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.

Is it too late to buy Bit Digital Inc (BTBT) following the 2026 Q1 hedge fund 13F filings?

As of today, BTBT has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), BTBT has gained nan% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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