Bullish

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed August 19, 2026), Bullish reported 3 stock positions worth $270.4 million. Its top holding was Grayscale Bitcoin Mini ETF (BTC) at 64.8% of the portfolio, followed by Grayscale Coindesk 5 ETF (GDLC, 34.5%) and iShares Bitcoin Trust ETF (IBIT, 0.7%).

Most Recent 13F
Q2 2026
Location
GEORGE TOWN, E9
CIK
0001872195
Portfolio Value
$270.4M (Q4 2025)
SEC Filing
0000929638-26-003153 ↗ filed Aug 19, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q4 2025: $270.4M $270.4M Q4 2025 Q1 2026: $211.5M Q1 2026 Q2 2026: $178.2M Q2 2026

Holdings 3 stocks · $270.4M
BTC Grayscale Bitcoin Mini ETF 64.80% 4,523,963 $175.2M —
GDLC Grayscale Coindesk 5 ETF 34.46% 2,255,000 $93.2M —
IBIT iShares Bitcoin Trust ETF 0.73% 40,000 $2.0M —

Portfolio Sells Q4 2025

No earlier filing to compare with.

Portfolio Buys Q4 2025

No earlier filing to compare with.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$178.2MBTC, GDLC, IBIT
Q1 2026 4$211.5MBTC, GDLC, KRYP, IBIT
Q4 2025 3$270.4MBTC, GDLC, IBIT