iShares Bitcoin Trust

IBIT • NASDAQ

iShares Bitcoin Trust is an exchange-traded fund focused on the finance services sector on NASDAQ. As of Q3 2025, 1,576 institutional investors hold shares in this ETF, with total holdings valued at $25.1B. Brevan Howard Capital Management LP is the largest holder with a position valued at $2.4B.

CEOShannon Ghia

FINANCE SERVICES

Country

United States of America

Overview

Overview of institutional ownership in IBIT as of Q3 2025

All Institutions

Institutions: 1,576
Value Held: $25.1B
Shares Held: 385.9M
Avg Position: $15.9M
Median Position: $767.5K

Hedge Funds

Hedge Funds: 91
Value Held: $5.4B
Shares Held: 82.8M
Avg Position: $59.2M
Median Position: $6.1M

Biggest Investors

Institutions with the largest positions in IBIT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B Brevan Howard Capital Management LP Institution	-	$2.4B 34.66% of portfolio	36.8M shares	Q4 2024 Held for 1 year	$6.9B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$2.2B 0.32% of portfolio	34.0M shares	Q2 2024 Held for 1y 6m	$691.37B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Israel Alexander Englander CEO	$1.3B 1.09% of portfolio	20.5M shares	Q1 2024 Held for 1y 9m	$121.99B
A Avenir Tech Ltd Institution	-	$1.2B 90.48% of portfolio	18.3M shares	Q2 2024 Held for 1y 6m	$1.3B
J JANE STREET GROUP, LLC Institution	-	$858.7M 1.02% of portfolio	13.2M shares	Q2 2024 Held for 1y 6m	$84.1B
S Symmetry Investments LP Institution	-	$730.3M 59.32% of portfolio	11.2M shares	Q1 2024 Held for 1y 9m	$1.2B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$719.3M 0.04% of portfolio	11.1M shares	Q2 2024 Held for 1y 6m	$1.65T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$675.5M 0.01% of portfolio	10.4M shares	Q1 2024 Held for 1y 9m	$5.67T
Weiss Asset Management LP Hedge Fund•Multi-Strategy	Andrew Murray Weiss CEO	$653.8M 12.53% of portfolio	10.1M shares	Q4 2024 Held for 1 year	$5.2B
C Capula Management Ltd Institution	-	$616.3M 4.59% of portfolio	9.5M shares	Q2 2024 Held for 1y 6m	$13.4B

Net Capital Flow

Institutional buying and selling activity for IBIT in Q3 2025

Traded: +$1.8B
Buyers: 1,152
Sellers: 325
Total Bought: +$5.2B
Total Sold: −$3.3B
Avg Position: $15.0M

Biggest Buyers

Institution	Net Bought	Current Position
GOLDMAN SACHS GROUP INC Institution	+$542.3M +8.3M shares	$2.2B 34.0M shares
H HARVARD MANAGEMENT CO INC Institution	+$319.0M +4.9M shares	$442.9M 6.8M shares
WELLS FARGO & COMPANY/MN Institution	+$276.9M +4.3M shares	$447.7M 6.9M shares
D DRW Securities, LLC Institution	+$205.9M +3.2M shares	$251.2M 3.9M shares
MORGAN STANLEY RIA/Wealth	+$200.4M +3.1M shares	$719.3M 11.1M shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	+$184.7M +2.8M shares	$653.8M 10.1M shares
5 59 North Capital Management, LP Hedge Fund•Long/Short	+$169.1M +2.6M shares	$169.1M 2.6M shares
BlackRock, Inc. Institution	+$163.0M +2.5M shares	$675.5M 10.4M shares
JPMORGAN CHASE & CO Institution	+$134.4M +2.1M shares	$343.5M 5.3M shares
A Avenir Tech Ltd Institution	+$113.0M +1.7M shares	$1.2B 18.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
J JANE STREET GROUP, LLC Institution	−$699.2M −10.8M shares	$858.7M 13.2M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$576.1M −8.9M shares	$149.7M 2.3M shares
Castle Hook Partners LP Hedge Fund•Global Macro	−$267.3M −4.1M shares	$54.8M 842.9K shares
P Proficio Capital Partners LLC Family Office	−$229.9M −3.5M shares	$24.8M 381.6K shares
T Tairen Capital Ltd Institution	−$144.7M −2.4M shares	Sold Off 0 shares
B BlueCrest Capital Management Ltd Institution	−$106.0M −1.7M shares	Sold Off 0 shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$100.3M −1.5M shares	$191.5M 2.9M shares
Trivest Advisors Ltd Institution	−$90.5M −1.5M shares	Sold Off 0 shares
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	−$77.7M −1.2M shares	$214.0M 3.3M shares
NINE MASTS CAPITAL Ltd Institution	−$73.0M −1.2M shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 247
New Value: $491.7M
Exited Positions: 91
Exited Value: $717.1M

New Positions

Institution	Position Value
5 59 North Capital Management, LP Hedge Fund•Long/Short	$169.1M 2.6M shares
S Simplify Asset Management Inc. Institution	$41.3M 636.0K shares
N Nearwater Capital Markets, Ltd Institution	$39.0M 600.0K shares
GATEWAY INVESTMENT ADVISERS LLC Long Only Manager	$22.9M 353.0K shares
Summit Financial, LLC RIA/Wealth	$22.7M 349.6K shares
Aequim Alternative Investments LP Hedge Fund•Multi-Strategy	$16.3M 250.0K shares
N NEOS Investment Management LLC Institution	$9.5M 146.1K shares
P Permian Investment Partners, LP Hedge Fund•Long/Short	$8.9M 137.0K shares
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	$8.8M 135.1K shares
360 Financial, Inc. RIA/Wealth	$8.2M 82.3K shares

Exited Positions

Institution	Previous Position
T Tairen Capital Ltd Institution	$144.7M 2.4M shares
B BlueCrest Capital Management Ltd Institution	$106.0M 1.7M shares
Trivest Advisors Ltd Institution	$90.5M 1.5M shares
NINE MASTS CAPITAL Ltd Institution	$73.0M 1.2M shares
O OLD MISSION CAPITAL LLC Institution	$65.4M 1.1M shares
M MAPLELANE CAPITAL, LLC Hedge Fund•Long/Short	$37.1M 606.0K shares
A Anatole Investment Management Ltd Institution	$36.9M 603.2K shares
Y Yong Rong Asset Management Ltd Institution	$30.6M 500.0K shares
Q Quantitative Investment Management, LLC Hedge Fund•Quant Macro	$25.0M 408.9K shares
F FLOW TRADERS U.S. LLC Institution	$15.1M 246.5K shares

Options Activity

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

Call Positions: 90
Call Value: $12.6B
Put Positions: 61
Put Value: $8.5B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.3B 505.2K contracts
J JANE STREET GROUP, LLC Institution	$3.2B 491.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.7B 265.7K contracts
Castle Hook Partners LP Hedge Fund•Global Macro	$1.3B 200.0K contracts
GOLDMAN SACHS GROUP INC Institution	$459.7M 70.7K contracts
W WOLVERINE TRADING, LLC Institution	$389.3M 59.9K contracts
E EXCHANGE TRADED CONCEPTS, LLC Institution	$338.2M 52.0K contracts
Toroso Investments, LLC ETF Provider	$264.8M 40.7K contracts
B Belvedere Trading LLC Institution	$214.7M 33.0K contracts
B Brevan Howard Capital Management LP Institution	$208.0M 32.0K contracts

Put Positions

Institution	Position Value
GOLDMAN SACHS GROUP INC Institution	$1.7B 259.1K contracts
J JANE STREET GROUP, LLC Institution	$1.7B 258.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.6B 247.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$712.4M 109.6K contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$360.0M 55.4K contracts
B Belvedere Trading LLC Institution	$287.3M 44.2K contracts
BARCLAYS PLC Institution	$185.0M 28.5K contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$182.0M 28.0K contracts
W WOLVERINE TRADING, LLC Institution	$173.0M 26.6K contracts
L LMR Partners LLP Institution	$172.9M 26.6K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A Avenir Tech Ltd Institution	-	90.48% $1.2B	18.3M shares	Q2 2024 Held for 1y 6m	$1.3B
S Shengqi Capital Ltd Institution	-	65.24% $19.5K	300.0 shares	Q3 2025 Held for 3 months	$29.9K
S Symmetry Investments LP Institution	-	59.32% $730.3M	11.2M shares	Q1 2024 Held for 1y 9m	$1.2B
M Mint Tower Capital Management B.V. Institution	-	51.84% $173.0M	2.7M shares	Q2 2024 Held for 1y 6m	$333.7M
MARINER INVESTMENT GROUP LLC Hedge Fund•Multi-Strategy	Curtis Yates Arledge CEO	51.01% $131.0M	2.0M shares	Q2 2025 Held for 6 months	$256.8M
C CRCM LP Hedge Fund•Multi-Strategy	Jessica Ngo CFO	41.89% $143.9M	2.2M shares	Q1 2024 Held for 1y 9m	$343.6M
V Verde Servicos Internacionais S.A. Hedge Fund•Global Macro	Luis Stuhlberger CEO	36.51% $117.9M	1.8M shares	Q3 2024 Held for 1y 3m	$322.8M
B Brevan Howard Capital Management LP Institution	-	34.66% $2.4B	36.8M shares	Q4 2024 Held for 1 year	$6.9B
O Ovata Capital Management Ltd Institution	-	25.93% $74.0M	1.1M shares	Q1 2024 Held for 1y 9m	$285.4M
S SkyBridge Capital II, LLC Institution	-	23.92% $13.7M	211.4K shares	Q4 2024 Held for 1 year	$57.4M

Hedge Fund Spotlight

Discover hedge funds investing in IBIT

Core Wealth Partners LLC

Hedge Fund • Long/Short

Portfolio ManagerMichael John Hall

Portfolio Value: $217.4M
Positions: 177
Last Reported: Q3 2025

Sector Allocation

Position in iShares Bitcoin Trust

Market Value: $1.9M
Shares Held: 29.9K
Portfolio Weight: 0.89%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$16.5M	7.57%
2 Rockwell Automation ROK	Industrial - Machinery Industrials	$14.6M	6.70%
3 Microsoft MSFT	Software - Infrastructure Technology	$8.0M	3.70%