Riot Platforms, Inc.

RIOT • NASDAQ

Riot Platforms, Inc. is a software - application company in the technology sector on NASDAQ, with a market cap of $5.9B. As of Q3 2025, 69% of shares are held by 379 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.71%.

Market Cap$5.9B

Software - Application

Technology

Employees534.0

Websiteriotplatforms.com

Country

United States of America

Overview

Overview of institutional ownership in RIOT as of Q3 2025 with a market cap of $7.0B

All Institutions

Institutions: 379
Value Held: $4.9B
Shares Held: 256.4M
Avg Position: $12.9M
Median Position: $554.7K

Hedge Funds

Hedge Funds: 62
Value Held: $985.9M
Shares Held: 51.8M
Avg Position: $15.9M
Median Position: $4.4M

Ownership Breakdown

Institutional (non-HF)

55.34%

$3.9B

Hedge Funds

14.02%

$985.9M

Retail & Other

30.64%

$2.2B

Based on market cap of $7.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RIOT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$753.1M 0.01% of portfolio	10.71% 39.6M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$554.8M 0.01% of portfolio	7.89% 29.2M shares	Q1 2017 Held for 8y 8m	$5.67T
FMR LLC Institution	-	$388.8M 0.02% of portfolio	5.53% 20.4M shares	Q3 2020 Held for 5y 2m	$1.92T
J JANE STREET GROUP, LLC Institution	-	$181.8M 0.22% of portfolio	2.58% 9.6M shares	Q2 2020 Held for 5y 5m	$84.1B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$168.7M 0.01% of portfolio	2.40% 8.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Starboard Value LP Hedge Fund•Activist	Jeffrey Chad Smith CEO	$167.8M 3.16% of portfolio	2.39% 8.8M shares	Q4 2024 Held for 11 months	$5.3B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$162.7M 0.01% of portfolio	2.31% 8.5M shares	Q4 2020 Held for 4y 11m	$2.88T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$139.4M 0.02% of portfolio	1.98% 7.3M shares	Q3 2020 Held for 5y 2m	$691.34B
M MIZUHO MARKETS AMERICAS LLC Institution	-	$119.5M 2.52% of portfolio	1.70% 6.3M shares	Q4 2024 Held for 11 months	$4.7B
V Value Aligned Research Advisors, LLC Hedge Fund•Long/Short	David Michael Field Managing Partner	$106.0M 2.45% of portfolio	1.51% 5.6M shares	Q4 2024 Held for 11 months	$4.3B

Net Capital Flow

Institutional buying and selling activity for RIOT in Q3 2025

Traded: +$906.4M
Buyers: 231
Sellers: 154
Total Bought: +$1.4B
Total Sold: −$532.9M
Avg Position: $11.0M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$302.4M +15.9M shares	$388.8M 20.4M shares
J JANE STREET GROUP, LLC Institution	+$151.3M +8.0M shares	$181.8M 9.6M shares
GOLDMAN SACHS GROUP INC Institution	+$94.4M +5.0M shares	$139.4M 7.3M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$81.0M +4.3M shares	$81.0M 4.3M shares
Starboard Value LP Hedge Fund•Activist	+$78.8M +4.1M shares	$167.8M 8.8M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$74.4M +3.9M shares	$74.4M 3.9M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$72.0M +3.8M shares	$74.3M 3.9M shares
S Situational Awareness LP Hedge Fund•Sector	+$68.4M +3.6M shares	$68.4M 3.6M shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$36.8M +1.9M shares	$39.1M 2.1M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	+$34.4M +1.8M shares	$34.4M 1.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
Azora Capital LP Hedge Fund•Long/Short	−$70.4M −3.7M shares	$23.9M 1.3M shares
M MIZUHO MARKETS AMERICAS LLC Institution	−$59.6M −3.1M shares	$119.5M 6.3M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$52.1M −2.7M shares	$5.4M 281.7K shares
T TOMS Capital Investment Management LP Hedge Fund•Long/Short	−$42.5M −3.8M shares	Sold Off 0 shares
R ROYAL BANK OF CANADA Institution	−$30.7M −1.6M shares	$3.9M 202.8K shares
BANK OF AMERICA CORP /DE/ Institution	−$25.9M −1.4M shares	$9.7M 510.4K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$25.2M −1.3M shares	$25.9M 1.4M shares
VAN ECK ASSOCIATES CORP ETF Provider	−$20.9M −1.1M shares	$45.4M 2.4M shares
FIRST TRUST ADVISORS LP ETF Provider	−$15.5M −812.0K shares	$1.2M 60.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$8.7M −456.3K shares	$783.5K 41.2K shares

Entry and Exit Activity

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

New Positions: 62
New Value: $295.2M
Exited Positions: 61
Exited Value: $113.3M

New Positions

Institution	Position Value
T T. Rowe Price Investment Management, Inc. Insurance Manager	$81.0M 4.3M shares
S Situational Awareness LP Hedge Fund•Sector	$68.4M 3.6M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	$34.4M 1.8M shares
M MOORE CAPITAL MANAGEMENT, LP Hedge Fund•Global Macro	$26.0M 1.4M shares
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	$11.2M 588.9K shares
SAMLYN CAPITAL, LLC Hedge Fund•Multi-Strategy	$9.6M 504.2K shares
KEYSTONE INVESTORS PTE LTD RIA/Wealth	$6.6M 348.0K shares
D Delta Global Management LP Hedge Fund•Market Neutral	$5.8M 307.0K shares
O Omni Event Management Ltd Institution	$4.8M 250.0K shares
F FRED ALGER MANAGEMENT INC Long Only Manager	$4.4M 232.3K shares

Exited Positions

Institution	Previous Position
T TOMS Capital Investment Management LP Hedge Fund•Long/Short	$42.5M 3.8M shares
P PEAK6 LLC Institution	$8.4M 746.1K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$7.3M 642.0K shares
Monashee Investment Management LLC Hedge Fund•Sector	$6.8M 600.0K shares
D DENDUR CAPITAL LP Hedge Fund•Event Driven	$6.2M 550.0K shares
H Hidden Lake Asset Management LP Hedge Fund•Long/Short	$5.8M 512.2K shares
13D Management LLC Hedge Fund•Long/Short	$5.1M 453.3K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$5.0M 442.3K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$4.4M 393.4K shares
CenterBook Partners LP Hedge Fund•Market Neutral	$3.8M 336.9K shares

Options Activity

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

Call Positions: 52
Call Value: $1.3B
Put Positions: 36
Put Value: $852.6M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$301.0M 158.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$214.9M 112.9K contracts
UBS Group AG Institution	$146.9M 77.2K contracts
J JANE STREET GROUP, LLC Institution	$127.9M 67.2K contracts
P PEAK6 LLC Institution	$76.4M 40.1K contracts
BARCLAYS PLC Institution	$69.6M 36.6K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$58.5M 30.7K contracts
W WOLVERINE TRADING, LLC Institution	$42.5M 21.5K contracts
DeepCurrents Investment Group LLC Hedge Fund•Multi-Strategy	$33.6M 176.3 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$23.4M 12.3K contracts

Put Positions

Institution	Position Value
UBS Group AG Institution	$282.5M 148.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$179.2M 94.2K contracts
J JANE STREET GROUP, LLC Institution	$67.7M 35.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$66.6M 35.0K contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$45.5M 23.9K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$42.2M 22.2K contracts
C CANTOR FITZGERALD, L. P. Institution	$39.5M 20.8K contracts
P PEAK6 LLC Institution	$17.9M 9.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$16.2M 8.5K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$14.6M 7.7K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Aurelius Capital Management, LP Hedge Fund•Distressed	Mark David Brodsky Chairman	8.21% $4.5M	0.06% 238.2K shares	Q1 2025 Held for 8 months	$55.2M
Kintayl Capital LP Hedge Fund•Long/Short	Ashley Taylor Amarosa COO	4.43% $6.5M	0.09% 339.3K shares	Q1 2025 Held for 8 months	$145.8M
S Situational Awareness LP Hedge Fund•Sector	Leopold Nmn Aschenbrenner CIO	3.33% $68.4M	0.97% 3.6M shares	Q3 2025 Held for 2 months	$2.1B
Starboard Value LP Hedge Fund•Activist	Jeffrey Chad Smith CEO	3.16% $167.8M	2.39% 8.8M shares	Q4 2024 Held for 11 months	$5.3B
M MIZUHO MARKETS AMERICAS LLC Institution	-	2.52% $119.5M	1.70% 6.3M shares	Q4 2024 Held for 11 months	$4.7B
OnyxPoint Global Management LP Hedge Fund•Multi-Strategy	Shaia Dawood Hosseinzadeh Managing Partner	2.49% $4.4M	0.06% 232.2K shares	Q3 2025 Held for 2 months	$177.4M
V Value Aligned Research Advisors, LLC Hedge Fund•Long/Short	David Michael Field Managing Partner	2.45% $106.0M	1.51% 5.6M shares	Q4 2024 Held for 11 months	$4.3B
C Candelo Capital Management LP Hedge Fund•Long/Short	John Cormac Mcmongale CIO	1.61% $1.8M	0.03% 94.8K shares	Q3 2025 Held for 2 months	$111.8M
THAMES CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	Jay Scott Genzer Managing Partner	1.61% $11.2M	0.16% 588.9K shares	Q3 2025 Held for 2 months	$696.8M
M MARK ASSET MANAGEMENT CORP Hedge Fund•Long/Short	Morris Nmn Mark President	1.59% $15.6M	0.22% 817.2K shares	Q2 2025 Held for 5 months	$979.1M

Hedge Fund Spotlight

Discover hedge funds investing in RIOT

Value Aligned Research Advisors, LLC

Hedge Fund • Long/Short

Portfolio ManagerDavid Michael Field

Portfolio Value: $4.3B
Positions: 42
Last Reported: Q3 2025

Sector Allocation

Position in Riot Platforms, Inc.

Market Value: $106.0M
Shares Held: 5.6M
Portfolio Weight: 2.45%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 CoreWeave, Inc. CRWV	Software - Infrastructure Technology	$421.4M	9.72%
2 Vertiv Holdings Co VRT	Electrical Equipment & Parts Industrials	$335.1M	7.73%
3 Celestica CLS	Hardware, Equipment & Parts Technology	$335.0M	7.73%