Paradigm Operations LP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Paradigm Operations LP reported 3 stock positions worth $954.1 million. Its top holding was Coinbase Global Class A (COIN) at 65.7% of the portfolio, followed by Robinhood Markets Class A (HOOD, 31.3%) and Hyperliquid Strategies (PURR, 3.0%). Compared with Q4 2025, it added to 1 and reduced 1. The biggest buy was Robinhood Markets Class A (HOOD, shares +30%) and the biggest sale Coinbase Global Class A (COIN, shares −16%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0001911136
Portfolio Value
$954.1M (Q1 2026)
SEC Filing
0001104659-26-061681 ↗ filed May 15, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.0B Q2 2024 Q3 2024: $804.5M Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $711.0M Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $1.9B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $954.1M $954.1M Q1 2026 Q2 2026: $1.0B Q2 2026

Holdings 3 stocks · $954.1M

COIN Coinbase Global Inc. Class A 65.69% 3,589,428 $626.8M Reduce -15.8%
HOOD Robinhood Markets Inc. Class A 31.26% 4,303,980 $298.3M Add +30.4%
PURR Hyperliquid Strategies 3.05% 5,709,852 $29.1M No change

Portfolio Sells Q4 2025 → Q1 2026

COIN Coinbase Global Inc. Class A Reduce -15.8% 65.69% −5.32

Portfolio Buys Q4 2025 → Q1 2026

HOOD Robinhood Markets Inc. Class A Add +30.4% 31.26% +3.77

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$1.0BHOOD, COIN, AMBR, PURR
Q1 2026 3$954.1MCOIN, HOOD, PURR
Q4 2025 3$1.4BCOIN, HOOD, PURR
Q3 2025 2$1.9BCOIN, HOOD
Q2 2025 2$1.8BCOIN, HOOD
Q1 2025 1$711.0MCOIN
Q4 2024 1$1.0BCOIN
Q3 2024 1$804.5MCOIN
Q2 2024 1$1.0BCOIN
Q1 2024 1$1.2BCOIN