Coinbase Global, Inc.

COIN • NASDAQ

Coinbase Global, Inc. is a software - application company in the technology sector on NASDAQ, led by Brian Armstrong, with a market cap of $64.5B. As of Q3 2025, 54% of shares are held by 1,283 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.2%.

CEOBrian Armstrong

Market Cap$64.5B

Software - Application

Technology

Employees3.4K

Websitecoinbase.com

Country

United States of America

Overview

Overview of institutional ownership in COIN as of Q3 2025 with a market cap of $86.7B

All Institutions

Institutions: 1,283
Value Held: $46.5B
Shares Held: 138.1M
Avg Position: $36.3M
Median Position: $831.6K

Hedge Funds

Hedge Funds: 78
Value Held: $1.3B
Shares Held: 4.0M
Avg Position: $17.3M
Median Position: $4.9M

Ownership Breakdown

Institutional (non-HF)

52.1%

$45.2B

Hedge Funds

1.56%

$1.3B

Retail & Other

46.35%

$40.2B

Based on market cap of $86.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in COIN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$8.8B 0.13% of portfolio	10.20% 26.2M shares	Q2 2021 Held for 4y 6m	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$5.4B 0.10% of portfolio	6.27% 16.1M shares	Q2 2021 Held for 4y 6m	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$3.1B 0.11% of portfolio	3.63% 9.3M shares	Q2 2021 Held for 4y 6m	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$2.0B 0.13% of portfolio	2.30% 5.9M shares	Q2 2021 Held for 4y 6m	$1.57T
FMR LLC Institution	-	$1.4B 0.07% of portfolio	1.64% 4.2M shares	Q2 2021 Held for 4y 6m	$1.92T
Paradigm Operations LP Digital Asset Manager	Frederick Ernest Ehrsam Founder	$1.4B 74.67% of portfolio	1.61% 4.1M shares	Q4 2021 Held for 4 years	$1.9B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.3B 0.08% of portfolio	1.45% 3.7M shares	Q2 2021 Held for 4y 6m	$1.65T
ARK Investment Management LLC ETF Provider	Catherine Duddy Wood CEO	$808.5M 4.90% of portfolio	0.93% 2.4M shares	Q2 2021 Held for 4y 6m	$16.5B
S Sumitomo Mitsui Trust Holdings, Inc. Institution	-	$743.6M 0.43% of portfolio	0.86% 2.2M shares	Q2 2021 Held for 4y 6m	$173.79B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$661.4M 0.08% of portfolio	0.76% 2.0M shares	Q2 2021 Held for 4y 6m	$782.03B

Net Capital Flow

Institutional buying and selling activity for COIN in Q3 2025

Traded: +$2.8B
Buyers: 820
Sellers: 440
Total Bought: +$6.1B
Total Sold: −$3.3B
Avg Position: $32.9M

Biggest Buyers

Institution	Net Bought	Current Position
VANGUARD GROUP INC Institution	+$677.7M +2.0M shares	$8.8B 26.2M shares
BlackRock, Inc. Institution	+$347.7M +1.0M shares	$5.4B 16.1M shares
Artisan Partners Limited Partnership Long Only Manager	+$224.7M +665.7K shares	$224.7M 665.7K shares
BANK OF MONTREAL /CAN/ Institution	+$218.2M +646.6K shares	$423.9M 1.3M shares
A Amundi Institution	+$211.9M +548.8K shares	$350.3M 907.3K shares
STATE STREET CORP Institution	+$204.2M +605.0K shares	$3.1B 9.3M shares
B BAILLIE GIFFORD & CO Institution	+$198.2M +587.4K shares	$198.2M 587.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$177.3M +525.3K shares	$614.5M 1.8M shares
C Capula Management Ltd Institution	+$169.2M +501.4K shares	$169.2M 501.4K shares
A Assenagon Asset Management S.A. Institution	+$161.4M +478.3K shares	$171.2M 507.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
a16z Perennial Management, L.P. Fund of Funds	−$536.4M −1.5M shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$257.8M −763.9K shares	$38.3M 113.4K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$169.1M −501.0K shares	$28.1M 83.3K shares
G GCIC Ltd. Institution	−$151.0M −430.9K shares	Sold Off 0 shares
S Sumitomo Mitsui Trust Holdings, Inc. Institution	−$147.4M −436.8K shares	$743.6M 2.2M shares
Nikko Asset Management Americas, Inc. Long Only Manager	−$131.1M −388.7K shares	$576.3M 1.7M shares
IMC-Chicago, LLC RIA/Wealth	−$103.0M −293.8K shares	Sold Off 0 shares
A Anatole Investment Management Ltd Institution	−$98.7M −281.6K shares	Sold Off 0 shares
Holocene Advisors, LP Hedge Fund•Long/Short	−$88.4M −252.3K shares	Sold Off 0 shares
Azora Capital LP Hedge Fund•Long/Short	−$85.0M −242.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited COIN in Q3 2025

New Positions: 121
New Value: $435.7M
Exited Positions: 131
Exited Value: $1.5B

New Positions

Institution	Position Value
Artisan Partners Limited Partnership Long Only Manager	$224.7M 665.7K shares
C Capital World Investors Institution	$54.7M 162.2K shares
Melqart Asset Management Ltd Hedge Fund•Multi-Strategy	$17.7M 52.4K shares
Kames Capital plc Long Only Manager	$14.5M 42.9K shares
Nepsis Capital Management, Inc. RIA/Wealth	$11.6M 34.4K shares
T Tenere Capital LLC Hedge Fund•Long/Short	$9.9M 29.4K shares
Summit Financial, LLC RIA/Wealth	$7.6M 22.5K shares
SIERRA SUMMIT ADVISORS LLC RIA/Wealth	$6.9M 20.3K shares
D Dilation Capital Management LP Long Only Manager	$6.7M 19.9K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$5.5M 16.4K shares

Exited Positions

Institution	Previous Position
a16z Perennial Management, L.P. Fund of Funds	$536.4M 1.5M shares
G GCIC Ltd. Institution	$151.0M 430.9K shares
IMC-Chicago, LLC RIA/Wealth	$103.0M 293.8K shares
A Anatole Investment Management Ltd Institution	$98.7M 281.6K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$88.4M 252.3K shares
Azora Capital LP Hedge Fund•Long/Short	$85.0M 242.4K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$68.7M 196.1K shares
Contour Asset Management LLC Hedge Fund•Long/Short	$45.6M 130.0K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$44.0M 125.6K shares
Y Yong Rong Asset Management Ltd Institution	$37.4M 106.7K shares

Options Activity

Institutions with the largest Call and Put options positions in COIN as of Q3 2025

Call Positions: 86
Call Value: $16.7B
Put Positions: 80
Put Value: $11.7B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.1B 121.5K contracts
Toroso Investments, LLC ETF Provider	$2.8B 83.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.5B 74.2K contracts
J JANE STREET GROUP, LLC Institution	$2.3B 69.0K contracts
W WOLVERINE TRADING, LLC Institution	$757.9M 22.7K contracts
Walleye Trading LLC RIA/Wealth	$443.9M 13.2K contracts
D D. E. Shaw & Co., Inc. Institution	$359.3M 10.6K contracts
B Brevan Howard Capital Management LP Institution	$355.7M 10.5K contracts
CITIGROUP INC Institution	$329.8M 9.8K contracts
N NOMURA HOLDINGS INC Institution	$294.1M 8.7K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.7B 81.2K contracts
J JANE STREET GROUP, LLC Institution	$2.0B 60.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4B 40.3K contracts
P PEAK6 LLC Institution	$416.4M 12.3K contracts
W WOLVERINE TRADING, LLC Institution	$402.1M 12.0K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$344.7M 10.2K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$288.2M 85.4 contracts
Marshall Wace LLP Institution	$261.6M 7.8K contracts
Toroso Investments, LLC ETF Provider	$233.5M 6.9K contracts
N NOMURA HOLDINGS INC Institution	$217.0M 6.4K contracts

Most Committed Institutions

Institutions with COIN as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
I IDG Technology Venture Investment IV, LLC Institution	-	100.00% $58.3M	0.07% 172.9K shares	Q4 2021 Held for 4 years	$58.3M
Paradigm Operations LP Digital Asset Manager	Frederick Ernest Ehrsam Founder	74.67% $1.4B	1.61% 4.1M shares	Q4 2021 Held for 4 years	$1.9B
Refined Wealth Management RIA/Wealth	Ryan Robert Larsen CCO	12.51% $19.6M	0.02% 58.1K shares	Q3 2021 Held for 4y 3m	$156.6M
R Ribbit Management Company, LLC Institution	-	11.88% $248.9M	0.29% 737.5K shares	Q4 2023 Held for 2 years	$2.1B
K Kemnay Advisory Services Inc. Institution	-	10.42% $69.3M	0.08% 205.3K shares	Q2 2021 Held for 4y 6m	$665.1M
P Paragon Capital Management Ltd RIA/Wealth	Alberto Chocron Managing Partner	9.42% $50.1M	0.06% 148.3K shares	Q3 2021 Held for 4y 3m	$531.6M
SVB Capital Management, LLC Fund of Funds	Aaron Garth Gershenberg CEO	9.39% $3.0M	0.00% 8.8K shares	Q3 2024 Held for 1y 3m	$31.7M
W WIM INVESTMENT MANAGEMENT Ltd Institution	-	7.98% $31.4M	0.04% 92.9K shares	Q2 2025 Held for 6 months	$393.0M
Three Bridge Wealth Advisors, LLC RIA/Wealth	Eric Thomas Thurber CIO	6.45% $25.0M	0.03% 74.2K shares	Q1 2022 Held for 3y 9m	$387.9M
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	Peter German Gutierrez Managing Partner	6.31% $54.6M	0.06% 161.7K shares	Q1 2024 Held for 1y 9m	$864.9M

Hedge Fund Spotlight

Discover hedge funds investing in COIN

HBK Sorce Advisory LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerMatthew Atcheson Leffers

Portfolio Value: $4.1B
Positions: 732
Last Reported: Q3 2025

Sector Allocation

Position in Coinbase Global, Inc.

Market Value: $464.1K
Shares Held: 1.4K
Portfolio Weight: 0.01%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$897.0M	21.96%
2 VCRB Vanguard Core Bond VCRB	ETF ETF	$680.4M	16.66%
3 Vanguard FTSE Developed Markets VEA	ETF ETF	$464.3M	11.37%

View full profile

Coinbase Global, Inc.

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Coinbase Global, Inc.

Cookie Preferences