Grayscale Bitcoin Trust ETFGBTCETF
13F holders, Q3 2025 (September 30)786holders +21
76new positions
42sold out
2famous investors
$89.67avg. 13F price*
At the end of Q3 2025, 786 institutions reported holding Grayscale Bitcoin Trust ETF (GBTC) in their 13F filings, up 21 from Q2 2025. 76 opened new positions and 42 sold out. The largest holders were Horizon Kinetics Asset Management LLC ($1.3B), Multicoin Capital Management, LLC ($118.7M) and LPL Financial LLC ($91.6M). 2 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio) and Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio).
- Company
- Grayscale Bitcoin Trust ETF
- CUSIP
- 389637109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 76 | $38.8M |
| Exits | 42 | $23.8M |
All 13F filers, Q2 2025 → Q3 2025: 1,034,706 shares bought and 2,502,723 shares sold, net −1,468,017 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 786 holders
| Horizon Kinetics Asset Management LLC | 15.52% | Reduce -2.5% | 14,181,200 | $1.3B |
| Multicoin Capital Management, LLC | 43.26% | No change | 1,321,808 | $118.7M |
| LPL Financial LLC | 0.03% | Reduce -2.1% | 1,020,074 | $91.6M |
| HighTower Advisors, LLC | 0.06% | Reduce -3.6% | 626,428 | $56.2M |
| Greenwich Wealth Management LLC | 2.64% | Reduce -0.0% | 636,897 | $53.0M |
| Wealthfront Advisers LLC | 0.08% | Reduce -5.9% | 373,430 | $33.5M |
| Mad River Investors | 13.88% | Reduce -3.1% | 360,954 | $32.4M |
| EagleClaw Capital Managment, LLC | 4.20% | Reduce -14.0% | 334,466 | $30.0M |
| Moors & Cabot, Inc. | 1.24% | Reduce -1.9% | 315,901 | $28.4M |
| Old Mission Capital LLC | 0.98% | Add +372.8% | 304,409 | $27.3M |
| One Charles Private Wealth Services, LLC | 6.82% | Reduce -0.8% | 289,410 | $26.0M |
| Kingswood Wealth Advisors, LLC | 1.55% | Add +0.9% | 284,948 | $25.6M |
| Beaumont Financial Advisors, LLC | 1.65% | Reduce -4.0% | 274,368 | $24.6M |
| Cambridge Investment Research Advisors, Inc. | 0.07% | Reduce -0.9% | 268,578 | $24.1M |
| Cresset Asset Management, LLC | 0.10% | Reduce -0.7% | 259,666 | $23.3M |
| Jane Street Group, LLC | 0.03% | Reduce -76.0% | 244,938 | $22.0M |
| Commonwealth Equity Services, LLC | 0.03% | Reduce -7.7% | 228,517 | $20.5M |
| IMC-Chicago, LLC | 0.33% | Reduce -42.6% | 208,201 | $18.7M |
| Wealth Enhancement Advisory Services, LLC | 0.03% | Reduce -0.1% | 190,324 | $18.2M |
| Focus Partners Wealth | 0.03% | Reduce -8.3% | 200,179 | $18.0M |
| Mariner, LLC | 0.02% | Add +1.1% | 171,119 | $15.4M |
| Susquehanna International Group, LLP | 0.02% | Reduce -18.2% | 155,921 | $14.0M |
| RBF Capital, LLC | 0.62% | No change | 150,000 | $13.5M |
| Atlas Wealth Partners, LLC | 13.41% | Reduce -1.1% | 146,358 | $13.1M |
| Lido Advisors, LLC | 0.05% | Add +8.0% | 145,156 | $13.0M |
| Creative Planning | 0.01% | Add +40.5% | 135,202 | $12.1M |
| Sloy Dahl & Holst, LLC | 1.28% | Reduce -0.5% | 134,748 | $12.1M |
| Fiduciary Alliance LLC | 0.78% | Add +0.9% | 130,032 | $11.7M |
| Foundations Investment Advisors, LLC | 0.17% | Add +3.6% | 129,632 | $11.6M |
| Jump Financial, LLC | 0.16% | New | 129,212 | $11.6M |
| Lakewood Capital Management, LP | 0.84% | No change | 123,500 | $11.1M |
| SLT Holdings LLC | 7.39% | Add +3.5% | 122,602 | $11.0M |
| Brookstone Capital Management | 0.13% | Reduce -2.1% | 121,543 | $10.9M |
| Pasadena Private Wealth, LLC | 1.57% | Reduce -3.0% | 121,362 | $10.9M |
| Fielder Capital Group LLC | 2.46% | Reduce -3.9% | 120,466 | $10.8M |
| Sequoia Financial Advisors, LLC | 0.07% | Reduce -1.2% | 120,101 | $10.8M |
| Ieq Capital, LLC | 0.03% | Reduce -0.2% | 113,106 | $10.2M |
| Once Capital Management, LLC | 2.62% | No change | 107,700 | $9.7M |
| Blair William & Co. | 0.03% | Reduce -0.0% | 107,557 | $9.7M |
| Citrine Capital LLC | 4.29% | Reduce -0.3% | 103,224 | $9.3M |
| Birch Hill Investment Advisors LLC | 0.39% | Reduce -5.8% | 102,850 | $9.2M |
| ICONIQ Capital, LLC | 0.11% | No change | 101,575 | $9.1M |
| Kestra Advisory Services, LLC | 0.04% | Reduce -18.7% | 101,436 | $9.1M |
| Millennium Management | 0.01% | No change | 100,000 | $9.0M |
| Larson Financial Group LLC | 0.31% | Reduce -3.0% | 99,515 | $8.9M |
| Variant Private Wealth, LLC | 8.08% | Reduce -1.3% | 97,486 | $8.8M |
| Red Door Wealth Management, LLC | 0.93% | Reduce -0.4% | 97,312 | $8.7M |
| Envestnet Asset Management Inc. | 0.00% | Add +3.5% | 95,873 | $8.6M |
| Raymond James Financial Inc. | 0.00% | Add +28.3% | 93,408 | $8.4M |
| Claro Advisors Inc. | 1.18% | Reduce -1.8% | 90,454 | $8.1M |
| Traphagen Investment Advisors LLC | 0.68% | Reduce -4.5% | 88,374 | $7.9M |
| TB Alternative Assets Ltd. | 1.15% | Reduce -63.5% | 85,657 | $7.7M |
| Blue Square Asset Management, LLC | 3.14% | Reduce -11.0% | 80,211 | $7.2M |
| Van Hulzen Asset Management, LLC | 0.53% | Reduce -1.3% | 78,572 | $7.1M |
| Intellectus Partners, LLC | 1.33% | Add +0.2% | 76,541 | $6.9M |
| SCS Capital Management LLC | 0.07% | No change | 75,957 | $6.8M |
| Osaic Holdings, Inc. | 0.01% | Add +8.6% | 76,176 | $6.7M |
| Advisory Services Network, LLC | 0.10% | Add +7.9% | 73,673 | $6.6M |
| Haven Private, LLC | 2.92% | Reduce -2.5% | 73,549 | $6.6M |
| Consolidated Portfolio Review Corp | 0.82% | Reduce -0.1% | 72,812 | $6.5M |
| WESCAP Management Group, Inc. | 1.37% | Reduce -0.6% | 72,529 | $6.5M |
| Fiduciary Trust Co | 0.07% | No change | 72,150 | $6.5M |
| Farther Finance Advisors, LLC | 0.10% | Add +3.3% | 70,880 | $6.4M |
| Moneco Advisors, LLC | 0.52% | Reduce -0.1% | 69,420 | $6.2M |
| Ascension Capital Advisors, Inc. | 2.39% | Reduce -2.1% | 68,453 | $6.1M |
| Guild Investment Management, Inc. | 4.77% | Reduce -0.5% | 66,935 | $6.0M |
| Royal Bank of Canada | 0.00% | Add +289.8% | 66,589 | $6.0M |
| Seldon Capital LP | 2.09% | No change | 66,107 | $5.9M |
| Legacy Wealth Asset Management, LLC | 1.39% | Reduce -1.0% | 63,833 | $5.7M |
| Global Retirement Partners, LLC | 0.13% | Reduce -0.4% | 63,354 | $5.7M |
| Smithfield Trust Co | 0.23% | No change | 56,195 | $5.0M |
| Independent Financial Group, LLC | 0.12% | Reduce -0.4% | 55,918 | $5.0M |
| Merit Financial Group, LLC | 0.05% | Reduce -3.8% | 55,649 | $5.0M |
| Bleakley Financial Group, LLC | 0.12% | Reduce -7.8% | 55,298 | $5.0M |
| Kestra Private Wealth Services, LLC | 0.06% | Reduce -1.9% | 55,008 | $4.9M |
| NewEdge Wealth, LLC | 0.07% | No change | 60,571 | $4.9M |
| Innovative Advisory Group, LLC | 3.14% | Reduce -1.1% | 53,254 | $4.8M |
| Ethos Financial Group, LLC | 0.38% | No change | 53,212 | $4.8M |
| Cetera Investment Advisers | 0.01% | New | 52,757 | $4.7M |
| NTV Asset Management LLC | 0.51% | Reduce -1.9% | 52,487 | $4.7M |
| Beck Capital Management, LLC | 1.08% | Reduce -4.6% | 52,022 | $4.7M |
| Verde Capital Management | 1.03% | Reduce -3.0% | 52,009 | $4.7M |
| Cerity Partners LLC | 0.01% | Reduce -5.9% | 51,868 | $4.7M |
| Brown Advisory Inc. | 0.01% | No change | 51,616 | $4.6M |
| Pekin Hardy Strauss, Inc. | 0.47% | Reduce -4.0% | 51,538 | $4.6M |
| Convergence Financial, LLC | 0.69% | Reduce -0.3% | 51,460 | $4.6M |
| Keystone Financial Group | 0.35% | Add +3.5% | 56,229 | $4.6M |
| US Bancorp \de | 0.01% | Add +0.0% | 50,723 | $4.6M |
| PNC Financial Services Group, Inc. | 0.00% | Add +0.5% | 49,739 | $4.5M |
| Mercer Global Advisors Inc. | 0.01% | Add +3.6% | 48,633 | $4.4M |
| NewEdge Advisors, LLC | 0.02% | Reduce -10.5% | 47,930 | $4.3M |
| Corient Private Wealth LP | 0.01% | Reduce -4.3% | 47,533 | $4.3M |
| HFG Wealth Management, LLC | 2.20% | Reduce -7.8% | 45,122 | $4.1M |
| Proficio Capital Partners LLC | 0.27% | No change | 44,427 | $4.0M |
| Certior Financial Group, LLC | 2.66% | Reduce -0.1% | 43,716 | $3.9M |
| Fagan Associates, Inc. | 0.54% | Reduce -6.1% | 43,284 | $3.9M |
| Wealthspire Advisors, LLC | 0.02% | Reduce -2.0% | 42,713 | $3.8M |
| Prosperity Financial Group, Inc. | 1.35% | Reduce -6.5% | 41,040 | $3.7M |
| Morgan Stanley | 0.00% | Add +1667.3% | 40,647 | $3.6M |
| Watts Gwilliam & Co., LLC | 0.58% | No change | 40,000 | $3.6M |
"% of holder's portfolio" is GBTC's weight in each manager's 13F, not the share of Grayscale Bitcoin Trust ETF the manager owns.