Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Circle Internet Group Inc (CRCL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +78
Streak
4Q ▲
Buyers last Q
63%

Smart Money Signals — CRCL

Based on 537 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 CRCL 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
537 hedge funds hold CRCL 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 — +53600% more funds vs a year ago

fund count last 6Q
+536 new funds entered over the past year (+53600% 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 buyers than sellers — 63% buying

388 buying225 selling
Last quarter: 388 funds were net buyers (175 opened a brand new position + 213 added to an existing one). Only 225 were sellers (128 trimmed + 97 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-33 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 243 → 163 → 208 → 175. 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.
🔄

Mostly new holders — 72% entered in last year

■ 6% conviction (2yr+) ■ 22% medium ■ 72% new
Only 30 funds (6%) 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.
💰

Value +36% but shares only +16% — price-driven

Value
+36%
Shares
+15%
Last quarter: the total dollar value of institutional holdings rose +36%, but actual share count only changed +16%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~175 new funds/quarter

1 → 243 → 163 → 208 → 175 new funds/Q
New funds entering each quarter: 243 → 163 → 208 → 175. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 94% of holders entered in last year

■ 6% veterans ■ 0% 1-2yr ■ 94% new
Of 605 current holders: 567 (94%) entered in the past year, only 38 (6%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
55 of 528 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
6.8
out of 10
Moderate Exit Risk
Exit risk score 6.8/10 — 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 — CRCL

In 2026 Q1, 388 hedge funds were net buyers of CRCL (175 opened a new position, 213 added to an existing one), while 225 reduced or exited (128 trimmed, 97 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 29% of total institutional value in CRCL is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +78 funds (more new holders than closures). Total institutional holders: 537.

Hedge Fund Ownership: CRCL

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

Market Analysis: CRCL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CRCL

-- --

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

Is It Too Late to Buy Circle Internet Group Inc (CRCL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CRCL 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 · 79d ago
CRCL
-16.4%
XLF
+9.5%

CRCL outperformed XLF by -25.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
CRCL
-30.1%
XLF
+5.8%

Since the filing became public, CRCL outperformed XLF by -35.9% .

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.

38 top-rated funds 12 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
5.9
/ 10
conviction
Hedge Fund Positioning: CRCL
533 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 533 459 16.12%
13F Shares 162M 140M 15.55%
Total Value $14.98B $11.01B 36.03%
New Positions 171 208 -37
Increased Positions 203 156 +47
Closed Positions 97 86 +11
Reduced Positions 108 65 +43
Total Calls 38 32 18.75%
Total Puts 39 34 14.71%
PUT/CALL Ratio 1.03 1.06 Neutral

Statistics: CRCL

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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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)

533 + investors

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

QUARTER:
Top 25 CRCL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 SBI Holdings USA, Inc. 100.00% 1,614,000 $154.0M
2 IDG-Accel China Capital GP II Associates Ltd. 100.00% 312,059 $29.8M
3 Accel XI Associates L.L.C. 100.00% 1,701,723 $162.4M
4 IDG-Accel China Capital II Associates L.P. 100.00% 6,996,111 $667.5M
5 IDG China Capital Fund GP III Associates Ltd. 99.59% 1,181,478 $112.7M
6 IDG China Capital Fund III Associates L.P. 98.93% 9,003,674 $859.0M
7 KEYWISE CAPITAL MANAGEMENT (HK) Ltd 20.11% 1,327,930 $126.7M
8 1888 Investments, LLC 18.45% 121,821 $11.6M
9 Anatole Investment Management Ltd 16.15% 1,212,292 $115.7M
10 Franchise GP Ltd 15.57% 443,713 $42.3M
11 AlpInvest Partners B.V. 10.29% 53,605 $5.1M
12 Southpoint Capital Advisors LP 6.48% 3,300,000 $314.9M
13 Think Investments LP 4.56% 364,700 $34.8M
14 IvyRock Asset Management (HK) Ltd 4.48% 83,500 $8.0M
15 Amova Asset Management Americas, Inc. 3.93% 2,914,947 $278.2M
16 CloudAlpha Capital Management Limited/Hong Kong 3.93% 1,205,610 $115.0M
17 Cynosure Group, LLC 3.81% 319,257 $30.5M
18 Renaissance Capital LLC 3.46% 52,568 $4.8M
19 ParaFi Capital LP 3.41% 165,000 $15.7M
20 ARK Investment Management LLC 3.35% 4,509,482 $430.2M
21 HSG Holding Ltd 3.00% 669,200 $48.7M
22 Endowment Wealth Management, Inc. 2.39% 56,567 $5.4M
23 Capelight Capital Asset Management LP 2.14% 30,000 $2.9M
24 Matthew 25 Management Corp 1.98% 62,500 $6.0M
25 Intercapital, LLC 1.82% 57,200 $5.5M
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 — Circle Internet Group Inc (CRCL)

What does the Smart Money Trend signal show for CRCL?

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

More buyers than sellers — 63% buying: Last quarter: 388 funds were net buyers (175 opened a brand new position + 213 added to an existing one). Only 225 were sellers (128 trimmed + 97 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CRCL holders?

Strong quality — 29% AUM from major funds: 55 of 528 holders rank in the top 100 by AUM, accounting for 29% 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 CRCL?

Mostly new holders — 72% entered in last year: Only 30 funds (6%) 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 Circle Internet Group Inc (CRCL) following the 2026 Q1 hedge fund 13F filings?

As of today, CRCL has moved -30.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of -35.9%. Since the quarter end (March 31, 2026), CRCL has gained -16.4% 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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