Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Wise Origin Bitcoin (FBTC)

618 + 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
↓ -16
Streak
3Q ▼
Buyers last Q
55%

Smart Money Signals — FBTC

Based on 628 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 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.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
628 funds currently hold this stock — 93% of the 3.0-year high of 673 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding FBTC is almost the same as a year ago (+14 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 55% buying

322 buying262 selling
Last quarter: 322 funds bought or added vs 262 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 (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 105 → 121 → 88 → 79. 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.
📌

Mixed — 29% long-term, 26% new

■ 29% conviction (2yr+) ■ 45% medium ■ 26% new
Of the 628 current holders: 182 (29%) held >2 years, 285 held 1–2 years, and 161 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.
📊

Peak discovery — momentum slowing

130 → 105 → 121 → 88 → 79 new funds/Q
New funds entering each quarter: 105 → 121 → 88 → 79. FBTC 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 — 24% veterans, 36% new entrants

■ 24% veterans ■ 40% 1-2yr ■ 36% new
Of 641 current holders: 157 (24%) held 2+ years, 254 held 1–2 years, 230 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds
21 of 625 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 Q2, 322 hedge funds were net buyers of FBTC (79 opened a new position, 243 added to an existing one), while 262 reduced or exited (167 trimmed, 95 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 628.

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

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 8 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: FBTC
618 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 618 644 -4.04%
13F Shares 42M 41M 2.64%
Total Value $2.10B $2.34B -10.19%
New Positions 76 88 -12
Increased Positions 240 284 -44
Closed Positions 99 114 -15
Reduced Positions 162 148 +14
Total Calls 8 6 33.33%
Total Puts 8 8 -
PUT/CALL Ratio 1.0 1.33 Neutral

Statistics: FBTC

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Institutional Holders (2026 Q2)

618 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Almitas Capital LLC 16.69% 1,364,522 $69.7M
2 ParaFi Capital LP 14.84% 1,050,000 $53.6M
3 Atlas Wealth Partners, LLC 12.07% 216,461 $11.1M
4 Kaleidoscope Capital LP 8.14% 431,682 $22.0M
5 Atomic Invest LLC 7.86% 182,606 $14.0M
6 Alamea Verwaltungs GmbH 4.80% 117,771 $6.0M
7 Bayshore Capital Advisors, LLC 3.99% 167,499 $8.6M
8 United Capital Management of KS, Inc. 3.63% 543,285 $27.7M
9 Consolidated Portfolio Review Corp 3.55% 834,367 $42.6M
10 Legacy Wealth Asset Management, LLC 3.38% 301,367 $15.4M
11 Citrine Capital LLC 3.17% 167,780 $8.6M
12 Sky-Mountain Capital Management, INC. 3.12% 85,233 $4.4M
13 Pine Ridge Advisers LLC 2.57% 834,367 $42.6M
14 Arbor Capital Management Inc /Adv 2.29% 43,715 $2.3M
15 KDK Private Wealth Management, LLC 2.29% 54,002 $2.8M
16 Patient Capital Management, LLC 2.04% 1,217,595 $62.2M
17 DecisionMap Wealth Management, LLC 1.87% 65,390 $3.3M
18 Wealth Quarterback LLC 1.74% 110,423 $5.6M
19 Milestone Asset Management Group, LLC 1.61% 62,545 $3.2M
20 Means Investment CO., INC. 1.60% 415,000 $21.2M
21 Farringdon Capital, Ltd. 1.49% 58,767 $3.0M
22 Beaumont Financial Advisors, LLC 1.47% 453,008 $23.1M
23 Libra Wealth LLC 1.37% 105,375 $5.4M
24 Great Point Wealth Advisors, LLC 1.37% 166,142 $8.5M
25 Ptm Wealth Management, LLC 1.37% 54,323 $3.0M
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 — 3 quarters in a row: For 3 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 — 55% buying: Last quarter: 322 funds bought or added vs 262 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?

Smaller funds dominant — 13% AUM from top-100: 21 of 625 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FBTC?

Mixed — 29% long-term, 26% new: Of the 628 current holders: 182 (29%) held >2 years, 285 held 1–2 years, and 161 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.

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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