ETH Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Grayscale Ethereum Staking (ETH) following the 2026 Q2 hedge fund 13F filings?

As of today, ETH has moved +28.1% since the 2026 Q2 13F filing date (August 14, 2026), compared to -2.4% for the SPY sector ETF — an outperformance of +30.5%. Since the quarter end (June 30, 2026), ETH gained +52.6% vs +1.4% for SPY. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

Grayscale Ethereum Staking (ETH)

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

Smart Money Signals — ETH

Based on 264 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds reduced or closed their ETH 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 — 91% of 3.0Y peak

91% of all-time peak

264 funds currently hold this stock — 91% of the 3.0-year high of 291 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

🚀

Fast accumulation — +33% more funds vs a year ago

fund count last 6Q

+65 new funds entered over the past year (+33% 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 — 54% buying

123 buying105 selling

Last quarter: 123 funds bought or added vs 105 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.

⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 121 → 65 → 45 → 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.

🔄

Mostly new holders — 32% entered in last year

■ 2% conviction (2yr+) ■ 66% medium ■ 32% new

Only 6 funds (2%) 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 +6%, value -22%

Value

-21%

+5%

Last quarter: funds added +6% more shares while total portfolio value only changed -22%. 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

42 → 121 → 65 → 45 → 35 new funds/Q

New funds entering each quarter: 121 → 65 → 45 → 35. ETH is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

📊

Mixed cohorts — 1% veterans, 49% new entrants

■ 1% veterans ■ 49% 1-2yr ■ 49% new

Of 271 current holders: 3 (1%) held 2+ years, 134 held 1–2 years, 134 (49%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds

17 of 260 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.4

out of 10

Low Exit Risk

Exit risk score 3.4/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	259	271	-4.43%
13F Shares	29M	28M	5.78%
Total Value	$425M	$542M	-21.58%
New Positions	34	45	-11
Increased Positions	85	94	-9
Closed Positions	42	64	-22
Reduced Positions	62	58	+4
Total Calls	5	6	-16.67%
Total Puts	5	4	25.0%
PUT/CALL Ratio	1.0	0.67	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

259

271

-4.43%

13F Shares

29M

28M

5.78%

Total Value

$425M

$542M

-21.58%

New Positions

-11

Increased Positions

-9

Closed Positions

-22

Reduced Positions

Total Calls

-16.67%

Total Puts

25.0%

PUT/CALL Ratio

1.0

0.67

Neutral

Institutional Holders (2026 Q2)

259 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 ETH holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Kaleidoscope Capital LP	23.14%	4,165,451	$62.6M
2	Mangrove Partners IM, LLC	2.20%	2,232,656	$33.6M
3	Sloy Dahl & Holst, LLC	1.61%	865,953	$13.0M
4	Haven Private, LLC	1.12%	195,797	$2.9M
5	Graetz Wealth LLC	1.10%	91,926	$1.4M
6	Broadhurst Jeffrey B	0.90%	28,000	$421K
7	Verde Capital Management	0.89%	320,336	$4.8M
8	Trustees of Dartmouth College	0.80%	178,148	$2.7M
9	Reliant Wealth Planning	0.55%	132,523	$2.0M
10	Fielder Capital Group LLC	0.52%	160,173	$2.4M
11	IronBridge Private Wealth, LLC	0.50%	101,781	$1.5M
12	Miller Global Investments, LLC	0.47%	37,972	$571K
13	Matauro, LLC	0.41%	205,649	$3.1M
14	ATX Financial Planning, LLC	0.40%	40,072	$602K
15	Rede Wealth, LLC	0.37%	74,398	$1.1M
16	E6 Portfolios, LLC	0.36%	30,166	$453K
17	Compass Financial Management LLC	0.35%	194,851	$2.9M
18	Pasadena Private Wealth, LLC	0.34%	176,572	$2.7M
19	Keystone Financial Services, LLC	0.31%	34,652	$521K
20	Aries Wealth Management	0.30%	100,397	$1.5M
21	Red Reef Advisors LLC	0.29%	20,992	$316K
22	Ground Swell Capital, LLC	0.27%	16,591	$249K
23	Illumine Investment Management, LLC	0.25%	—	$378K
24	Robertson Opportunity Capital, LLC	0.24%	41,164	$619K
25	Stonebrook Private Inc.	0.23%	82,217	$1.2M

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 Ethereum Staking (ETH)

What does the Smart Money Trend signal show for ETH?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their ETH 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 ETH?

Slight buying edge — 54% buying: Last quarter: 123 funds bought or added vs 105 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 ETH holders?

Strong quality — 36% AUM from major funds: 17 of 260 holders rank in the top 100 by AUM, accounting for 36% 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 ETH?

Mostly new holders — 32% entered in last year: Only 6 funds (2%) 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 Ethereum Staking (ETH) following the 2026 Q2 hedge fund 13F filings?

As of today, ETH has moved +28.1% since the 2026 Q2 13F filing date (August 14, 2026), compared to -2.4% for the SPY sector ETF — an outperformance of +30.5%. Since the quarter end (June 30, 2026), ETH has gained +52.6% vs +1.4% for SPY. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

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.

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Grayscale Ethereum Staking (ETH)

Smart Money Signals — ETH

Selling streak — 2 quarters in a row

High ownership — 91% of 3.0Y peak

Fast accumulation — +33% more funds vs a year ago

Slight buying edge — 54% buying

Fewer new buyers each quarter (-10 vs last Q)

Mostly new holders — 32% entered in last year

Buying through price weakness — shares +6%, value -22%

Peak discovery — momentum slowing

Mixed cohorts — 1% veterans, 49% new entrants

Strong quality — 36% AUM from major funds

Institutional Sentiment Summary — ETH

Hedge Fund Ownership: ETH

Market Analysis: ETH

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: ETH

Is It Too Late to Buy Grayscale Ethereum Staking (ETH) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: ETH

Statistics: ETH

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Grayscale Ethereum Staking (ETH)

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