Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Grayscale Bitcoin Mini Tr Et (BTC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -8
Streak
1Q ▼
Buyers last Q
57%

Smart Money Signals — BTC

Based on 490 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 BTC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
490 hedge funds hold BTC 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 — +24% more funds vs a year ago

fund count last 6Q
+96 new funds entered over the past year (+24% 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.
🟡

Slight buying edge — 57% buying

250 buying189 selling
Last quarter: 250 funds bought or added vs 189 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~79 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 85 → 90 → 79 → 79. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 30% entered in last year

■ 1% conviction (2yr+) ■ 69% medium ■ 30% new
Only 7 funds (1%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +12%, value -5%

Value
-4%
Shares
+12%
Last quarter: funds added +12% more shares while total portfolio value only changed -5%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~79 new funds/quarter

84 → 85 → 90 → 79 → 79 new funds/Q
New funds entering each quarter: 85 → 90 → 79 → 79. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 1% veterans, 39% new entrants

■ 1% veterans ■ 61% 1-2yr ■ 39% new
Of 499 current holders: 3 (1%) held 2+ years, 302 held 1–2 years, 194 (39%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 6% AUM from top-100

6% from top-100 AUM funds
19 of 490 holders rank in the top 100 by AUM, but together hold only 6% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 — BTC

In 2026 Q1, 250 hedge funds were net buyers of BTC (79 opened a new position, 171 added to an existing one), while 189 reduced or exited (102 trimmed, 87 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -8 funds (more exits than new entries). Total institutional holders: 490.

Hedge Fund Ownership: BTC

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

Market Analysis: BTC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BTC

-- --

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

Is It Too Late to Buy Grayscale Bitcoin Mini Tr Et (BTC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BTC has moved relative to its sector benchmark (SPY) 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 · 75d ago
BTC
-6.2%
SPY
+14.1%

BTC outperformed SPY by -20.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
BTC
-19.6%
SPY
+0.3%

Since the filing became public, BTC outperformed SPY by -19.9% .

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.

17 top-rated funds 8 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
4.1
/ 10
conviction
Hedge Fund Positioning: BTC
485 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 485 498 -2.61%
13F Shares 28M 25M 12.27%
Total Value $3.02B $3.17B -4.67%
New Positions 77 79 -2
Increased Positions 169 163 +6
Closed Positions 90 68 +22
Reduced Positions 98 114 -16
Total Calls 4 3 33.33%
Total Puts 3 3 -
PUT/CALL Ratio 0.75 1.0 Neutral

Statistics: BTC

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Valuation Measures Data as of: --

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

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

485 + investors

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

QUARTER:
Top 25 BTC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Emory University 15.19% 1,354,148 $40.6M
2 Paragon Advisors, LLC 8.68% 1,073,430 $32.2M
3 Kaleidoscope Capital LP 7.06% 611,747 $18.3M
4 Msrh, LLC 4.46% 103,200 $4.0M
5 Gem Investment Advisors, LLC 4.29% 145,500 $4.4M
6 Sloy Dahl & Holst, LLC 3.50% 850,614 $25.5M
7 ParaFi Capital LP 3.38% 520,000 $15.6M
8 HFG Wealth Management, LLC 3.19% 193,397 $5.8M
9 Ovata Capital Management Ltd 2.38% 567,872 $17.0M
10 Cushing Capital Partners, LLC 2.18% 94,661 $2.8M
11 VVR Holdings LLC 2.11% 135,900 $4.1M
12 Exit Wealth Advisors, LLC. 2.08% 134,901 $4.0M
13 Riversedge Advisors, LLC 1.80% 370,049 $11.1M
14 Heritage Family Offices, LLP 1.72% 129,188 $3.9M
15 Reliant Wealth Planning 1.64% 180,843 $5.4M
16 EagleClaw Capital Managment, LLC 1.32% 313,677 $9.4M
17 Ascension Capital Advisors, Inc. 1.29% 137,147 $4.1M
18 Thryve Wealth Management LLC 1.17% 58,263 $1.7M
19 Horizon Kinetics Asset Management LLC 0.98% 3,004,416 $90.1M
20 ATX Financial Planning, LLC 0.97% 42,502 $1.3M
21 Stonebrook Private Inc. 0.96% 149,895 $4.5M
22 ShoreHaven Wealth Partners, LLC 0.95% 88,527 $2.7M
23 Pasadena Private Wealth, LLC 0.95% 228,044 $6.8M
24 One Charles Private Wealth Services, LLC 0.93% 124,003 $3.7M
25 Red Reef Advisors LLC 0.89% 22,489 $871K
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 — Grayscale Bitcoin Mini Tr Et (BTC)

What does the Smart Money Trend signal show for BTC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BTC 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 BTC?

Slight buying edge — 57% buying: Last quarter: 250 funds bought or added vs 189 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BTC holders?

Smaller funds dominant — 6% AUM from top-100: 19 of 490 holders rank in the top 100 by AUM, but together hold only 6% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BTC?

Mostly new holders — 30% entered in last year: Only 7 funds (1%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Grayscale Bitcoin Mini Tr Et (BTC) following the 2026 Q1 hedge fund 13F filings?

As of today, BTC has moved -19.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -19.9%. Since the quarter end (March 31, 2026), BTC has gained -6.2% vs +14.1% for SPY. 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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