Galaxy Group Investments LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed March 24, 2026), Galaxy Group Investments LLC reported 19 stock positions worth $677.8 million . Its top holding was iShares Bitcoin Trust ETF (IBIT) at 49.1% of the portfolio, followed by ARK 21SHARES Bitcoin ETF (ARKB, 27.9% ) and Invsco GLXY BTCN ETF (BTCO, 11.5% ). Compared with Q1 2025, it opened 11 new positions, sold out of 4, added to 1 and reduced 3. The biggest buy was a new position in SS GLX HD DG Ast Eco ETF-Usd (HECO) and the biggest sale ARK 21SHARES Bitcoin ETF (ARKB, shares −7% ).
Location NEW YORK, NY
CIK 0001912562
Portfolio Value $677.8M (Q2 2025) Holdings 19 stocks · $677.8M Holdings quarter Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 IBIT iShares Bitcoin Trust ETF 5,439,100 $332.9M Add +16.3% ARKB ARK 21SHARES Bitcoin ETF 5,292,680 $189.4M Reduce -7.4% BTCO Invsco GLXY BTCN ETF 725,000 $78.0M No change HECO SS GLX HD DG Ast Eco ETF-Usd 1,020,000 $34.3M New ASHR Xtrackers Harvest Csi 300 CH 650,000 $17.9M New QETH Invesco Galaxy Eth ETF 290,000 $7.3M No change ETHA iShares Ethereum Trust ETF 267,600 $5.1M New BITF Bitfarms Ltd./Canada 2,900,000 $2.4M New MSTR Strategy Inc. filed as MICROSTRATEGY INC 4,480 $1.8M New MARA Mara Holdings Inc. 2,000,000 $1.7M New CAEP Cantor Equity Partners III-A 144,314 $1.5M New CEPT Cantor Equity Partners Class A 100,000 $1.1M New KWEB Kranesh Csi China Internet 29,000 $996K Reduce -58.0% FOUR SHIFT4 Payments Inc. Class A 8,902 $882K No change CEPO Cantor Equity Partners I-A 65,912 $784K New GBTC Grayscale Bitcoin Trust ETF 8,335 $707K No change QBTS D-Wave Quantum Inc. 35,000 $512K New DFDV Defi Development Corp. 16,522 $354K New WULF Terawulf Inc. 14,900 $65K Reduce -99.3%
Options reported separately and not counted above: IBIT puts ($195.9M), CRCL puts ($43.1M), FXI calls ($36.8M), GLD calls ($30.5M), TSLA puts ($11.1M), ASHR calls ($10.6M), ET calls ($5.4M), SLV calls ($4.7M), CLSK calls ($2.2M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $159K (not counted above) Security Class Shares / Principal Value Change BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 400,000 $159K New
Total filed on the 13F, all lines: $677.9M.
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ ARKB ARK 21SHARES Bitcoin ETF Reduce -7.4% 27.95% −5.73 CORZ Core Scientific Inc. Sold out 0.00% −3.14 SMH Vaneck Semiconductor ETF Sold out 0.00% −0.78 KWEB Kranesh Csi China Internet Reduce -58.0% 0.15% −0.37 WULF Terawulf Inc. Reduce -99.3% 0.01% −0.29 WDC Western Digital Corp. Sold out 0.00% −0.26 BTDR Bitdeer Technologies Group-A Sold out 0.00% −0.02
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ HECO SS GLX HD DG Ast Eco ETF-Usd New 5.06% +5.06 ASHR Xtrackers Harvest Csi 300 CH New 2.64% +2.64 IBIT iShares Bitcoin Trust ETF Add +16.3% 49.12% +2.05 ETHA iShares Ethereum Trust ETF New 0.75% +0.75 BITF Bitfarms Ltd./Canada New 0.36% +0.36 MSTR Strategy Inc. New 0.27% +0.27 MARA Mara Holdings Inc. New 0.25% +0.25 CAEP Cantor Equity Partners III-A New 0.22% +0.22 CEPT Cantor Equity Partners Class A New 0.16% +0.16 CEPO Cantor Equity Partners I-A New 0.12% +0.12 QBTS D-Wave Quantum Inc. New 0.08% +0.08 DFDV Defi Development Corp. New 0.05% +0.05
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ IBIT iShares Bitcoin Trust ETF put New 3,200,000 $195.9M SPY SS SPDR S&P 500 ETF Trust-US put Sold out 323,500 $181.0Mbefore exit MSTR Strategy Inc. put Sold out 220,000 $63.4Mbefore exit CRCL Circle Internet Group Inc. put New 238,000 $43.1M FXI iShares China Large-Cap ETF call New 1,000,000 $36.8M GLD SPDR Gold Shares call New 100,000 $30.5M COIN Coinbase Global Inc. Class A put Sold out 160,000 $27.6Mbefore exit SMH Vaneck Semiconductor ETF put Sold out 115,300 $24.4Mbefore exit IBIT iShares Bitcoin Trust ETF call Sold out 400,000 $18.7Mbefore exit TSLA Tesla Inc. put New 35,000 $11.1M ASHR Xtrackers Harvest Csi 300 CH call New 385,000 $10.6M MU Micron Technology Inc. put Sold out 100,000 $8.7Mbefore exit NVDA Nvidia Corp. put Sold out 66,300 $7.2Mbefore exit KWEB Kranesh Csi China Internet call Sold out 156,000 $5.4Mbefore exit ET Energy Transfer LP call New 300,000 $5.4M SLV iShares Silver Trust call New 142,100 $4.7M CLSK Cleanspark Inc. call New 200,000 $2.2M WDC Western Digital Corp. call Sold out 20,000 $809Kbefore exit GPGI Gpgi Inc. call Sold out 35,000 $380Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025 Security Class Change vs Q1 2025 Shares / Principal Value ▼ CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 Sold out 246,145 $940Kbefore exit QBTS.WS D-Wave Quantum Inc. -27 *W EXP 08/05/202 Sold out 141,000 $519Kbefore exit BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 New 400,000 $159K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q4 2025 Amended 33 $720.4M IBIT, ARKB, BTCO, FWDI, BLSH Q3 2025 29 $1.0B IBIT, FWDI, ARKB, BTCO, HECO Q2 2025 19 $677.8M IBIT, ARKB, BTCO, HECO, ASHR Q1 2025 12 $464.9M IBIT, ARKB, BTCO, CORZ, QETH Q4 2024 9 $719.0M IBIT, ARKB, BTCO, HECO, QETH