Galaxy Group Investments LLC In its 13F for Q3 2025 (holdings as of September 30, 2025, filed March 24, 2026), Galaxy Group Investments LLC reported 29 stock positions worth $1.0 billion . Its top holding was iShares Bitcoin Trust ETF (IBIT) at 31.9% of the portfolio, followed by Forward Industries (FWDI, 20.3% ) and ARK 21SHARES Bitcoin ETF (ARKB, 19.7% ). Compared with Q2 2025, it opened 16 new positions, sold out of 6, added to 2 and reduced 5. The biggest buy was a new position in Forward Industries (FWDI) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −8% ).
Location NEW YORK, NY
CIK 0001912562
Portfolio Value $1.0B (Q3 2025) Holdings 29 stocks · $1.0B Holdings quarter Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 IBIT iShares Bitcoin Trust ETF 5,024,241 $326.6M Reduce -7.6% FWDI Forward Industries Inc. 8,108,108 $207.3M New ARKB ARK 21SHARES Bitcoin ETF 5,292,680 $201.2M No change BTCO Invsco GLXY BTCN ETF 725,000 $82.7M No change HECO SS GLX HD DG Ast Eco ETF-Usd 1,020,000 $42.6M No change BLSH Bullish 625,000 $39.8M New CORZ Core Scientific Inc. 1,555,000 $27.9M New DEFT Defi Technologies Inc. 9,000,000 $19.0M New ETHA iShares Ethereum Trust ETF 555,890 $17.5M Add +107.7% JD Jd.com Inc.-ADR 363,000 $12.7M New QETH Invesco Galaxy Eth ETF 290,000 $12.0M No change ASHR Xtrackers Harvest Csi 300 CH 340,250 $11.2M Reduce -47.6% SUIG Sui Group Holdings Ltd. 1,584,137 $6.1M New FCRS.U Futurecrest Acquisition Corp. 350,000 $3.7M New KWEB Kranesh Csi China Internet 47,500 $2.0M Add +63.8% BITF Bitfarms Ltd./Canada 700,000 $2.0M Reduce -75.9% IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP 100,000 $1.6M New HIVE Hive Digital Technologies LT 310,000 $1.2M New K WAVE MEDIA LTD 400,000 $968K New GBTC Grayscale Bitcoin Trust ETF 8,335 $748K No change FOUR SHIFT4 Payments Inc. Class A 8,902 $689K No change ONCHU 1RT Acquisition Corp. 50,000 $528K New CEPT Cantor Equity Partners Class A 50,000 $526K Reduce -50.0% CAEP Cantor Equity Partners III-A 50,000 $516K Reduce -65.3% HCMAU HCM III Acquisition Corp. 44,900 $463K New FG NEXUS INC. 50,000 $275K New SBXDF Silverbox Corp. IV-A 25,000 $262K New INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X 16,560 $213K New BITCOIN DEPOT INC 400,000 $99K New
Options reported separately and not counted above: QQQ puts ($537.0M), IBIT calls ($130.0M), SPY puts ($60.0M), COIN puts ($51.7M), ETHA puts ($47.3M), IREN puts ($30.3M), CRCL calls ($4.6M), CLSK calls ($725K).
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ IBIT iShares Bitcoin Trust ETF Reduce -7.6% 31.94% −17.18 ASHR Xtrackers Harvest Csi 300 CH Reduce -47.6% 1.10% −1.54 MSTR Strategy Inc. Sold out 0.00% −0.27 MARA Mara Holdings Inc. Sold out 0.00% −0.25 CAEP Cantor Equity Partners III-A Reduce -65.3% 0.05% −0.17 BITF Bitfarms Ltd./Canada Reduce -75.9% 0.19% −0.17 CEPO Cantor Equity Partners I-A Sold out 0.00% −0.12 CEPT Cantor Equity Partners Class A Reduce -50.0% 0.05% −0.11 QBTS D-Wave Quantum Inc. Sold out 0.00% −0.08 DFDV Defi Development Corp. Sold out 0.00% −0.05 WULF Terawulf Inc. Sold out 0.00% −0.01
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ FWDI Forward Industries Inc. New 20.28% +20.28 BLSH Bullish New 3.89% +3.89 CORZ Core Scientific Inc. New 2.73% +2.73 DEFT Defi Technologies Inc. New 1.86% +1.86 JD Jd.com Inc.-ADR New 1.24% +1.24 ETHA iShares Ethereum Trust ETF Add +107.7% 1.71% +0.96 SUIG Sui Group Holdings Ltd. New 0.60% +0.60 FCRS.U Futurecrest Acquisition Corp. New 0.36% +0.36 IMSR Terrestrial Energy Inc. New 0.16% +0.16 HIVE Hive Digital Technologies LT New 0.12% +0.12 K WAVE MEDIA LTD New 0.09% +0.09 ONCHU 1RT Acquisition Corp. New 0.05% +0.05 KWEB Kranesh Csi China Internet Add +63.8% 0.20% +0.05 HCMAU HCM III Acquisition Corp. New 0.05% +0.05 FG NEXUS INC. New 0.03% +0.03 SBXDF Silverbox Corp. IV-A New 0.03% +0.03 INFQ Infleqtion Inc. New 0.02% +0.02 BITCOIN DEPOT INC New 0.01% +0.01
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put New 894,500 $537.0M IBIT iShares Bitcoin Trust ETF put Sold out 3,200,000 $195.9Mbefore exit IBIT iShares Bitcoin Trust ETF call New 2,000,000 $130.0M SPY SS SPDR S&P 500 ETF Trust-US put New 90,000 $60.0M COIN Coinbase Global Inc. Class A put New 153,100 $51.7M ETHA iShares Ethereum Trust ETF put New 1,500,000 $47.3M CRCL Circle Internet Group Inc. put Sold out 238,000 $43.1Mbefore exit FXI iShares China Large-Cap ETF call Sold out 1,000,000 $36.8Mbefore exit GLD SPDR Gold Shares call Sold out 100,000 $30.5Mbefore exit IREN Iren Ltd. put New 645,000 $30.3M TSLA Tesla Inc. put Sold out 35,000 $11.1Mbefore exit ASHR Xtrackers Harvest Csi 300 CH call Sold out 385,000 $10.6Mbefore exit ET Energy Transfer LP call Sold out 300,000 $5.4Mbefore exit SLV iShares Silver Trust call Sold out 142,100 $4.7Mbefore exit CRCL Circle Internet Group Inc. call New 35,000 $4.6M CLSK Cleanspark Inc. call Reduce -75.0% 50,000 $725K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025 Security Class Change vs Q2 2025 Shares / Principal Value ▼ BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 Sold out 400,000 $159Kbefore exit
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