Circle Internet Group, Inc.

CRCL • NYSE

Circle Internet Group, Inc. is a financial - capital markets company in the financial services sector on NYSE, led by Jeremy D. Allaire, with a market cap of $18.0B. As of Q3 2025, 38% of shares are held by 323 institutional investors, with General Catalyst Group Management, LLC as the largest holder at 8.21%.

CEOJeremy D. Allaire

Market Cap$18.0B

Financial - Capital Markets

Financial Services

Websitecircle.com

Overview

Overview of institutional ownership in CRCL as of Q3 2025 with a market cap of $30.7B

All Institutions

Institutions: 323
Value Held: $11.7B
Shares Held: 88.3M
Avg Position: $36.3M
Median Position: $694.7K

Hedge Funds

Hedge Funds: 36
Value Held: $389.9M
Shares Held: 2.9M
Avg Position: $10.8M
Median Position: $3.0M

Ownership Breakdown

Institutional (non-HF)

36.89%

$11.3B

Hedge Funds

1.27%

$389.9M

Retail & Other

61.84%

$19.0B

Based on market cap of $30.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CRCL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
General Catalyst Group Management, LLC Venture Capital	Hemant Nmn Taneja Managing Partner	$2.5B 82.89% of portfolio	8.21% 19.0M shares	Q2 2025 Held for 6 months	$3.0B
FMR LLC Institution	-	$1.7B 0.09% of portfolio	5.60% 13.0M shares	Q2 2025 Held for 6 months	$1.92T
I IDG China Capital Fund III Associates L.P. Institution	-	$1.5B 99.26% of portfolio	4.76% 11.0M shares	Q2 2025 Held for 6 months	$1.5B
Marshall Wace LLP Institution	Diana Lj Harrison President	$1.1B 1.18% of portfolio	3.48% 8.1M shares	Q2 2025 Held for 6 months	$90.4B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$739.6M 0.01% of portfolio	2.41% 5.6M shares	Q2 2025 Held for 6 months	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$599.2M 0.01% of portfolio	1.95% 4.5M shares	Q2 2025 Held for 6 months	$5.67T
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	$417.4M 0.61% of portfolio	1.36% 3.1M shares	Q2 2025 Held for 6 months	$67.9B
ARK Investment Management LLC ETF Provider	Catherine Duddy Wood CEO	$393.4M 2.38% of portfolio	1.28% 3.0M shares	Q2 2025 Held for 6 months	$16.5B
Atlas Merchant Capital LLC Private Equity	Robert Edward Diamond CEO	$223.7M 98.95% of portfolio	0.73% 1.7M shares	Q2 2025 Held for 6 months	$226.1M
S Sumitomo Mitsui Trust Holdings, Inc. Institution	-	$172.3M 0.10% of portfolio	0.56% 1.3M shares	Q2 2025 Held for 6 months	$173.79B

Net Capital Flow

Institutional buying and selling activity for CRCL in Q3 2025

Traded: +$1.3B
Buyers: 264
Sellers: 104
Total Bought: +$2.3B
Total Sold: −$1.0B
Avg Position: $30.3M

Biggest Buyers

Institution	Net Bought	Current Position
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$325.9M +2.5M shares	$417.4M 3.1M shares
VANGUARD GROUP INC Institution	+$281.9M +2.1M shares	$739.6M 5.6M shares
BlackRock, Inc. Institution	+$143.5M +1.1M shares	$599.2M 4.5M shares
S Sumitomo Mitsui Trust Holdings, Inc. Institution	+$127.2M +959.3K shares	$172.3M 1.3M shares
Nikko Asset Management Americas, Inc. Long Only Manager	+$118.2M +892.4K shares	$171.5M 1.3M shares
MORGAN STANLEY RIA/Wealth	+$94.9M +716.2K shares	$138.4M 1.0M shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	+$92.8M +700.0K shares	$92.8M 700.0K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$84.7M +638.4K shares	$132.6M 999.6K shares
STATE STREET CORP Institution	+$75.6M +570.0K shares	$95.8M 722.6K shares
K KEYWISE CAPITAL MANAGEMENT Ltd Hedge Fund•Long/Short	+$72.9M +549.9K shares	$72.9M 549.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
General Catalyst Group Management, LLC Venture Capital	−$148.5M −1.1M shares	$2.5B 19.0M shares
FMR LLC Institution	−$104.4M −787.5K shares	$1.7B 13.0M shares
I IDG China Capital Fund III Associates L.P. Institution	−$86.2M −649.8K shares	$1.5B 11.0M shares
Marshall Wace LLP Institution	−$63.0M −474.9K shares	$1.1B 8.1M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$54.0M −297.7K shares	Sold Off 0 shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	−$52.0M −286.6K shares	Sold Off 0 shares
GILDER GAGNON HOWE & CO LLC RIA/Wealth	−$37.4M −206.1K shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$37.0M −278.9K shares	$10.7M 81.1K shares
Davidson Kempner Capital Management LP Hedge Fund•Multi-Strategy	−$36.3M −200.0K shares	Sold Off 0 shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$35.9M −270.8K shares	$55.5M 418.5K shares

Entry and Exit Activity

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

New Positions: 157
New Value: $656.8M
Exited Positions: 62
Exited Value: $434.7M

New Positions

Institution	Position Value
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$92.8M 700.0K shares
K KEYWISE CAPITAL MANAGEMENT Ltd Hedge Fund•Long/Short	$72.9M 549.9K shares
N NOMURA HOLDINGS INC Institution	$59.3M 447.1K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$56.4M 425.4K shares
Q Quadrature Capital Ltd Institution	$47.6M 359.3K shares
Rockefeller Capital Management L.P. Long Only Manager	$28.7M 216.7K shares
TORONTO DOMINION BANK Institution	$26.5M 200.0K shares
J JANE STREET GROUP, LLC Institution	$21.2M 159.7K shares
Blackstone Group L.P. Institution	$16.6M 125.0K shares
S SEVEN GRAND MANAGERS, LLC Hedge Fund•Multi-Strategy	$16.6M 125.0K shares

Exited Positions

Institution	Previous Position
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$54.0M 297.7K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$52.0M 286.6K shares
GILDER GAGNON HOWE & CO LLC RIA/Wealth	$37.4M 206.1K shares
Davidson Kempner Capital Management LP Hedge Fund•Multi-Strategy	$36.3M 200.0K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$32.5M 179.2K shares
GRANAHAN INVESTMENT MANAGEMENT INC/MA Long Only Manager	$25.2M 138.7K shares
JENNISON ASSOCIATES LLC Long Only Manager	$24.8M 136.8K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	$24.6M 135.7K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$20.8M 114.5K shares
Z Zimmer Partners, LP Hedge Fund•Long/Short	$14.5M 80.0K shares

Options Activity

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

Call Positions: 33
Call Value: $1.8B
Put Positions: 46
Put Value: $2.5B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$511.6M 38.6K contracts
J JANE STREET GROUP, LLC Institution	$507.9M 38.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$300.0M 22.6K contracts
P PEAK6 LLC Institution	$216.6M 16.3K contracts
D DRW Securities, LLC Institution	$115.9M 8.7K contracts
Walleye Trading LLC RIA/Wealth	$57.6M 4.3K contracts
BANK OF AMERICA CORP /DE/ Institution	$42.5M 3.2K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$16.1M 1.2K contracts
BARCLAYS PLC Institution	$12.0M 903.0 contracts
GOLDMAN SACHS GROUP INC Institution	$6.6M 500.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1B 80.3K contracts
J JANE STREET GROUP, LLC Institution	$418.6M 31.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$337.5M 25.5K contracts
R ROYAL BANK OF CANADA Institution	$135.3M 10.2K contracts
P PEAK6 LLC Institution	$101.2M 7.6K contracts
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	$74.9M 5.7K contracts
Walleye Trading LLC RIA/Wealth	$71.5M 5.4K contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$46.4M 3.5K contracts
CITIGROUP INC Institution	$39.8M 3.0K contracts
BARCLAYS PLC Institution	$34.3M 2.6K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
I IDG China Capital Fund III Associates L.P. Institution	-	99.26% $1.5B	4.76% 11.0M shares	Q2 2025 Held for 6 months	$1.5B
Atlas Merchant Capital LLC Private Equity	Robert Edward Diamond CEO	98.95% $223.7M	0.73% 1.7M shares	Q2 2025 Held for 6 months	$226.1M
General Catalyst Group Management, LLC Venture Capital	Hemant Nmn Taneja Managing Partner	82.89% $2.5B	8.21% 19.0M shares	Q2 2025 Held for 6 months	$3.0B
Liberty Street Advisors, Inc. Long Only Manager	Timothy William Reick CEO	59.62% $38.5M	0.13% 290.2K shares	Q2 2025 Held for 6 months	$64.5M
Y Yong Rong Asset Management Ltd Institution	-	7.69% $32.0M	0.10% 241.5K shares	Q2 2025 Held for 6 months	$416.3M
Pantera Capital Partners LP Digital Asset Manager	Daniel Wayne Morehead CEO	7.11% $55.5M	0.18% 418.3K shares	Q2 2025 Held for 6 months	$779.7M
PEREGRINE INVESTMENT MANAGEMENT INC RIA/Wealth	Kevin James Anthony CCO	6.83% $13.3M	0.04% 100.0K shares	Q3 2025 Held for 3 months	$194.1M
Endowment Wealth Management, Inc. RIA/Wealth	Prateek Nmn Mehrotra President	6.26% $13.8M	0.04% 100.0K shares	Q2 2025 Held for 6 months	$220.3M
K KEYWISE CAPITAL MANAGEMENT Ltd Hedge Fund•Long/Short	Fang Zheng CIO	5.83% $72.9M	0.24% 549.9K shares	Q3 2025 Held for 3 months	$1.2B
Renaissance Capital LLC ETF Provider	William Kevin Smith CEO	3.82% $6.8M	0.02% 51.2K shares	Q3 2025 Held for 3 months	$177.7M

Hedge Fund Spotlight

Discover hedge funds investing in CRCL

GABLES CAPITAL MANAGEMENT INC.

Hedge Fund • Long/Short

Portfolio ManagerJudith Cohen Neiwirth

Portfolio Value: $233.4M
Positions: 457
Last Reported: Q3 2025

Sector Allocation

Position in Circle Internet Group, Inc.

Market Value: $248.6K
Shares Held: 1.9K
Portfolio Weight: 0.11%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$20.6M	8.84%
2 Apple AAPL	Consumer Electronics Technology	$14.7M	6.30%
3 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$13.4M	5.74%