Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Wise Origin Bitcoin (FBTC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -25
Streak
2Q ▼
Buyers last Q
59%

Smart Money Signals — FBTC

Based on 643 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their FBTC 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 (96% of max)

96% of all-time peak
643 hedge funds hold FBTC 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 — +23% more funds vs a year ago

fund count last 6Q
+122 new funds entered over the past year (+23% 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 — 59% buying

375 buying261 selling
Last quarter: 375 funds bought or added vs 261 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 (-34 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 129 → 104 → 121 → 87. 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 — 27% entered in last year

■ 20% conviction (2yr+) ■ 52% medium ■ 27% new
Only 130 funds (20%) 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 -18%, value -38%

Value
-37%
Shares
-17%
Last quarter: funds added -18% more shares while total portfolio value only changed -38%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~87 new funds/quarter

79 → 129 → 104 → 121 → 87 new funds/Q
New funds entering each quarter: 129 → 104 → 121 → 87. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 1% veterans, 39% new entrants

■ 1% veterans ■ 60% 1-2yr ■ 39% new
Of 652 current holders: 6 (1%) held 2+ years, 392 held 1–2 years, 254 (39%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
21 of 637 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — FBTC

In 2026 Q1, 375 hedge funds were net buyers of FBTC (87 opened a new position, 288 added to an existing one), while 261 reduced or exited (149 trimmed, 112 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 23% of total institutional value in FBTC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -25 funds (more exits than new entries). Total institutional holders: 643.

Hedge Fund Ownership: FBTC

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

Market Analysis: FBTC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FBTC

-- --

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

Is It Too Late to Buy Fidelity Wise Origin Bitcoin (FBTC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FBTC 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 · 79d ago
FBTC
-3.2%
SPY
+13.9%

FBTC outperformed SPY by -17.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
FBTC
-17.0%
SPY
+0.2%

Since the filing became public, FBTC outperformed SPY by -17.2% .

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.

25 top-rated funds 14 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
4.7
/ 10
conviction
Hedge Fund Positioning: FBTC
634 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 634 668 -5.09%
13F Shares 41M 50M -18.03%
Total Value $2.33B $3.75B -37.97%
New Positions 84 121 -37
Increased Positions 283 311 -28
Closed Positions 118 124 -6
Reduced Positions 145 140 +5
Total Calls 6 6 -
Total Puts 8 7 14.29%
PUT/CALL Ratio 1.33 1.17 Bearish

Statistics: FBTC

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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

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

634 + investors

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

QUARTER:
Top 25 FBTC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Almitas Capital LLC 20.50% 1,536,637 $90.7M
2 ParaFi Capital LP 13.42% 1,050,000 $62.0M
3 Atlas Wealth Partners, LLC 12.89% 212,416 $12.5M
4 Kaleidoscope Capital LP 9.43% 414,725 $24.5M
5 Alamea Verwaltungs GmbH 5.15% 117,771 $7.0M
6 United Capital Management of KS, Inc. 5.04% 563,747 $33.3M
7 Claar Advisors LLC 4.73% 236,248 $13.9M
8 Consolidated Portfolio Review Corp 4.50% 834,367 $49.3M
9 Legacy Wealth Asset Management, LLC 4.34% 302,229 $17.8M
10 Sky-Mountain Capital Management, INC. 3.57% 84,338 $5.0M
11 Citrine Capital LLC 3.54% 138,176 $8.2M
12 Pine Ridge Advisers LLC 3.03% 834,367 $49.3M
13 KDK Private Wealth Management, LLC 2.86% 53,019 $3.1M
14 Arbor Capital Management Inc /Adv 2.69% 52,922 $3.3M
15 Ovata Capital Management Ltd 2.44% 295,558 $17.5M
16 Avaii Wealth Management, LLC 2.43% 118,105 $7.0M
17 Wealth Quarterback LLC 2.41% 103,605 $6.1M
18 DecisionMap Wealth Management, LLC 2.33% 60,909 $3.6M
19 Gem Investment Advisors, LLC 2.32% 40,000 $2.4M
20 Bnc Wealth Management, LLC 2.22% 135,225 $8.0M
21 Milestone Asset Management Group, LLC 2.12% 61,488 $3.6M
22 Beaumont Financial Advisors, LLC 1.81% 445,303 $26.3M
23 Great Point Wealth Advisors, LLC 1.79% 164,297 $9.7M
24 Ptm Wealth Management, LLC 1.63% 50,522 $3.1M
25 Quantify Chaos Advisors, LLC 1.59% 8,660 $511K
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 — Fidelity Wise Origin Bitcoin (FBTC)

What does the Smart Money Trend signal show for FBTC?

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

Slight buying edge — 59% buying: Last quarter: 375 funds bought or added vs 261 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 FBTC holders?

Strong quality — 23% AUM from major funds: 21 of 637 holders rank in the top 100 by AUM, accounting for 23% 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 FBTC?

Mostly new holders — 27% entered in last year: Only 130 funds (20%) 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 Fidelity Wise Origin Bitcoin (FBTC) following the 2026 Q1 hedge fund 13F filings?

As of today, FBTC has moved -17.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of -17.2%. Since the quarter end (March 31, 2026), FBTC has gained -3.2% vs +13.9% 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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