Galaxy Digital Inc. Class A Common Stock

GLXY • NASDAQ

Galaxy Digital Inc. Class A Common Stock is a security brokers, dealers & flotation companies company on NASDAQ, led by Michael Edward Novogratz, with a market cap of $6.1B. As of Q3 2025, 57% of shares are held by 236 institutional investors, with FMR LLC as the largest holder at 13.92%.

CEOMichael Edward Novogratz

Market Cap$6.1B

SECURITY BROKERS, DEALERS & FLOTATION COMPANIES

Employees520.0

Websitegalaxy.com

Overview

Overview of institutional ownership in GLXY as of Q3 2025 with a market cap of $5.8B

All Institutions

Institutions: 236
Value Held: $3.3B
Shares Held: 98.2M
Avg Position: $14.1M
Median Position: $767.4K

Hedge Funds

Hedge Funds: 37
Value Held: $464.8M
Shares Held: 13.7M
Avg Position: $12.6M
Median Position: $3.5M

Ownership Breakdown

Institutional (non-HF)

49.03%

$2.9B

Hedge Funds

7.97%

$464.8M

Retail & Other

43.0%

$2.5B

Based on market cap of $5.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in GLXY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$811.4M 0.04% of portfolio	13.92% 24.0M shares	Q2 2025 Held for 6 months	$1.92T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$547.9M 0.01% of portfolio	9.40% 16.2M shares	Q2 2025 Held for 6 months	$6.69T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$267.9M 0.03% of portfolio	4.60% 7.9M shares	Q2 2025 Held for 6 months	$912.31B
BlackRock, Inc. Institution	Laurence D. Fink CEO	$130.9M 0.00% of portfolio	2.25% 3.9M shares	Q2 2025 Held for 6 months	$5.67T
S Situational Awareness LP Hedge Fund•Sector	Leopold Nmn Aschenbrenner CIO	$92.6M 4.51% of portfolio	1.59% 2.7M shares	Q3 2025 Held for 3 months	$2.1B
Toroso Investments, LLC ETF Provider	Guillermo Trias CEO	$87.6M 0.38% of portfolio	1.50% 2.6M shares	Q2 2025 Held for 6 months	$23.2B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$82.6M 0.01% of portfolio	1.42% 2.4M shares	Q2 2025 Held for 6 months	$1.65T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$79.5M 0.01% of portfolio	1.36% 2.4M shares	Q2 2025 Held for 6 months	$633.08B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$72.8M 0.00% of portfolio	1.25% 2.2M shares	Q2 2025 Held for 6 months	$1.57T
S SEVEN GRAND MANAGERS, LLC Hedge Fund•Multi-Strategy	Chris E Fahy CIO	$67.6M 5.39% of portfolio	1.16% 2.0M shares	Q2 2025 Held for 6 months	$1.3B

Net Capital Flow

Institutional buying and selling activity for GLXY in Q3 2025

Traded: +$380.1M
Buyers: 155
Sellers: 74
Total Bought: +$950.8M
Total Sold: −$570.7M
Avg Position: $12.8M

Biggest Buyers

Institution	Net Bought	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$241.3M +7.1M shares	$267.9M 7.9M shares
S Situational Awareness LP Hedge Fund•Sector	+$92.6M +2.7M shares	$92.6M 2.7M shares
VANGUARD GROUP INC Institution	+$73.7M +2.2M shares	$547.9M 16.2M shares
WELLS FARGO & COMPANY/MN Institution	+$50.0M +1.5M shares	$50.1M 1.5M shares
BlackRock, Inc. Institution	+$43.1M +1.3M shares	$130.9M 3.9M shares
M Man Group plc Institution	+$38.5M +1.1M shares	$38.5M 1.1M shares
MORGAN STANLEY RIA/Wealth	+$35.1M +1.0M shares	$82.6M 2.4M shares
Key Client Fiduciary Advisors, LLC RIA/Wealth	+$26.4M +781.7K shares	$26.4M 781.7K shares
S SEVEN GRAND MANAGERS, LLC Hedge Fund•Multi-Strategy	+$25.4M +750.0K shares	$67.6M 2.0M shares
STATE STREET CORP Institution	+$23.5M +694.6K shares	$47.8M 1.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$147.1M −4.4M shares	$28.0M 829.3K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$51.4M −1.5M shares	$31.6M 933.7K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	−$42.3M −1.3M shares	$16.9M 500.0K shares
Marshall Wace LLP Institution	−$35.6M −1.6M shares	Sold Off 0 shares
S Senator Investment Group LP Institution	−$28.9M −856.4K shares	$4.9M 143.6K shares
J JANE STREET GROUP, LLC Institution	−$28.6M −846.3K shares	$16.3M 483.1K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$24.9M −736.1K shares	$3.5M 102.3K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$23.1M −1.1M shares	Sold Off 0 shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$22.0M −1.0M shares	Sold Off 0 shares
C Concentric Capital Strategies, LP Hedge Fund•Long/Short	−$21.3M −628.9K shares	$9.1M 269.8K shares

Entry and Exit Activity

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

New Positions: 104
New Value: $350.0M
Exited Positions: 22
Exited Value: $127.1M

New Positions

Institution	Position Value
S Situational Awareness LP Hedge Fund•Sector	$92.6M 2.7M shares
M Man Group plc Institution	$38.5M 1.1M shares
Key Client Fiduciary Advisors, LLC RIA/Wealth	$26.4M 781.7K shares
A AWM Investment Company, Inc. Hedge Fund•Event Driven	$15.6M 460.0K shares
S Swiss National Bank Institution	$11.1M 328.8K shares
M Metavasi Capital LP Hedge Fund•Long/Short	$9.5M 279.7K shares
Y Y-Intercept Ltd Institution	$9.1M 270.0K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$8.7M 256.1K shares
N NOMURA HOLDINGS INC Institution	$8.1M 240.3K shares
Q Quadrature Capital Ltd Institution	$8.0M 237.9K shares

Exited Positions

Institution	Previous Position
Marshall Wace LLP Institution	$35.6M 1.6M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$23.1M 1.1M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$22.0M 1.0M shares
M MMCAP International Inc. SPC Institution	$16.6M 760.1K shares
Monashee Investment Management LLC Hedge Fund•Sector	$10.3M 470.0K shares
C Capula Management Ltd Institution	$7.4M 306.6K shares
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	$3.3M 152.4K shares
R Resolute Capital Asset Partners LLC Hedge Fund•Long/Short	$1.8M 80.0K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$1.1M 51.4K shares
IMC-Chicago, LLC RIA/Wealth	$1.1M 48.1K shares

Options Activity

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

Call Positions: 18
Call Value: $426.4M
Put Positions: 19
Put Value: $512.6M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$158.5M 46.9K contracts
J JANE STREET GROUP, LLC Institution	$108.1M 32.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$60.8M 18.0K contracts
P PEAK6 LLC Institution	$29.9M 8.8K contracts
W WOLVERINE TRADING, LLC Institution	$20.0M 5.8K contracts
GOLDMAN SACHS GROUP INC Institution	$12.7M 3.8K contracts
S SIG North Trading, ULC Institution	$11.9M 3.5K contracts
Walleye Trading LLC RIA/Wealth	$6.0M 1.8K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$5.6M 1.6K contracts
B Brevan Howard Capital Management LP Institution	$5.1M 1.5K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$192.7M 57.0K contracts
Toroso Investments, LLC ETF Provider	$141.0M 41.7K contracts
WELLS FARGO & COMPANY/MN Institution	$47.3M 14.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$43.4M 12.8K contracts
J JANE STREET GROUP, LLC Institution	$28.2M 8.3K contracts
GOLDMAN SACHS GROUP INC Institution	$24.0M 7.1K contracts
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	$9.6M 2.9K contracts
W WOLVERINE TRADING, LLC Institution	$6.3M 1.8K contracts
Walleye Trading LLC RIA/Wealth	$4.5M 1.3K contracts
S SIG North Trading, ULC Institution	$3.8M 1.1K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Key Client Fiduciary Advisors, LLC RIA/Wealth	Richard Anthony Flora Member	8.97% $26.4M	0.45% 781.7K shares	Q3 2025 Held for 3 months	$294.6M
R Rovida Investment Management Ltd Institution	-	7.21% $62.9M	1.08% 1.9M shares	Q2 2025 Held for 6 months	$871.7M
M Milestone Asset Management Group, LLC RIA/Wealth	Moise Nmn Piram President	6.11% $9.5M	0.16% 281.0K shares	Q2 2025 Held for 6 months	$155.5M
S SEVEN GRAND MANAGERS, LLC Hedge Fund•Multi-Strategy	Chris E Fahy CIO	5.39% $67.6M	1.16% 2.0M shares	Q2 2025 Held for 6 months	$1.3B
S Situational Awareness LP Hedge Fund•Sector	Leopold Nmn Aschenbrenner CIO	4.51% $92.6M	1.59% 2.7M shares	Q3 2025 Held for 3 months	$2.1B
V Vennlight Capital Management, LP Hedge Fund•Long/Short	Igor (Nmn) Gitelman Founder	3.72% $2.9M	0.05% 84.5K shares	Q2 2025 Held for 6 months	$76.9M
M Metavasi Capital LP Hedge Fund•Long/Short	Peter Edward Treadway CIO	3.36% $9.5M	0.16% 279.7K shares	Q3 2025 Held for 3 months	$281.8M
P Philosophy Capital Management LLC Hedge Fund•Multi-Strategy	Jacob Daniel Rubin Managing Partner	2.74% $23.7M	0.41% 700.0K shares	Q2 2025 Held for 6 months	$864.0M
Burkehill Global Management, LP Hedge Fund•Event Driven	Christopher Daniel Rich Managing Partner	2.73% $47.3M	0.81% 1.4M shares	Q2 2025 Held for 6 months	$1.7B
FORMULA GROWTH LTD Hedge Fund•Long/Short	Randall William Kelly President	1.63% $4.7M	0.08% 139.2K shares	Q3 2025 Held for 3 months	$288.3M

Hedge Fund Spotlight

Discover hedge funds investing in GLXY

Philosophy Capital Management LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerJacob Daniel Rubin

Portfolio Value: $864.0M
Positions: 38
Last Reported: Q3 2025

Sector Allocation

Position in Galaxy Digital Inc. Class A Common Stock

Market Value: $23.7M
Shares Held: 700.0K
Portfolio Weight: 2.74%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Golar LNG GLNG	Oil & Gas Midstream Energy	$97.9M	11.33%
2 Talen Energy Corporation TLN	Unknown Unknown	$85.1M	9.85%
3 Caesars Entertainment, Inc. CZR	Gambling, Resorts & Casinos Consumer Cyclical	$47.1M	5.45%