Grayscale Bitcoin Trust ETFGBTCETF
13F holders, Q4 2025 (December 31)739holders −47
42new positions
118sold out
3famous investors
$68.47avg. 13F price*
At the end of Q4 2025, 739 institutions reported holding Grayscale Bitcoin Trust ETF (GBTC) in their 13F filings, down 47 from Q3 2025. 42 opened new positions and 118 sold out. The largest holders were Horizon Kinetics Asset Management LLC ($964.8M), LPL Financial LLC ($66.8M) and HighTower Advisors, LLC ($42.4M). 3 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio), Israel Englander (0.0% of Millennium Management's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Grayscale Bitcoin Trust ETF
- CUSIP
- 389637109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 42 | $24.4M |
| Exits | 118 | $83.6M |
All 13F filers, Q3 2025 → Q4 2025: 1,601,112 shares bought and 3,133,256 shares sold, net −1,532,144 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 739 holders
| Horizon Kinetics Asset Management LLC | 13.05% | Reduce -0.5% | 14,113,593 | $964.8M |
| LPL Financial LLC | 0.02% | Reduce -4.2% | 977,214 | $66.8M |
| HighTower Advisors, LLC | 0.05% | Reduce -1.0% | 620,363 | $42.4M |
| Greenwich Wealth Management LLC | 1.80% | Reduce -0.3% | 635,001 | $40.3M |
| Susquehanna International Group, LLP | 0.05% | Add +234.2% | 521,072 | $35.6M |
| Msrh, LLC | 32.21% | — | 422,078 | $28.9M |
| Mad River Investors | 11.23% | Reduce -0.1% | 360,454 | $24.6M |
| Wealthfront Advisers LLC | 0.05% | Reduce -5.0% | 354,702 | $24.2M |
| EagleClaw Capital Managment, LLC | 3.29% | Reduce -0.5% | 332,841 | $22.8M |
| Moors & Cabot, Inc. | 0.92% | Reduce -0.1% | 315,519 | $21.6M |
| Multicoin Capital Management, LLC | 18.06% | Reduce -77.1% | 302,251 | $20.7M |
| Kingswood Wealth Advisors, LLC | 0.94% | Reduce -0.4% | 283,835 | $19.4M |
| One Charles Private Wealth Services, LLC | 4.92% | Reduce -3.7% | 278,603 | $19.0M |
| Beaumont Financial Advisors, LLC | 1.22% | Reduce -1.1% | 271,467 | $18.6M |
| Cambridge Investment Research Advisors, Inc. | 0.05% | Reduce -3.2% | 259,925 | $17.8M |
| Focus Partners Wealth | 0.02% | Add +10.5% | 221,130 | $16.9M |
| Cresset Asset Management, LLC | 0.07% | Reduce -6.1% | 243,904 | $16.7M |
| DRW Securities, LLC | 1.21% | Add +1210.6% | 232,691 | $15.9M |
| Old Mission Capital LLC | 0.59% | Reduce -27.2% | 221,544 | $15.1M |
| Commonwealth Equity Services, LLC | 0.02% | Reduce -9.2% | 207,463 | $14.2M |
| Lido Advisors, LLC | 0.06% | Add +9.7% | 159,295 | $13.9M |
| Wealth Enhancement Advisory Services, LLC | 0.02% | Reduce -3.0% | 184,647 | $13.3M |
| Cetera Investment Advisers | 0.01% | Add +250.6% | 184,976 | $12.6M |
| Mariner, LLC | 0.01% | Add +1.2% | 173,207 | $11.8M |
| RBF Capital, LLC | 0.47% | No change | 150,000 | $10.3M |
| Atlas Wealth Partners, LLC | 10.72% | Reduce -2.5% | 142,712 | $9.8M |
| Creative Planning | 0.01% | Add +0.6% | 135,990 | $9.3M |
| Sloy Dahl & Holst, LLC | 1.10% | Reduce -0.2% | 134,430 | $9.2M |
| Fiduciary Alliance LLC | 0.60% | Add +3.3% | 134,253 | $9.2M |
| Foundations Investment Advisors, LLC | 0.11% | Reduce -1.9% | 127,107 | $8.7M |
| Lakewood Capital Management, LP | 0.59% | No change | 123,500 | $8.4M |
| SLT Holdings LLC | 5.61% | Add +0.1% | 122,775 | $8.4M |
| Renaissance Technologies | 0.01% | Add +273.0% | 120,100 | $8.2M |
| Pasadena Private Wealth, LLC | 1.12% | Reduce -1.7% | 119,266 | $8.2M |
| Sequoia Financial Advisors, LLC | 0.05% | Reduce -1.0% | 118,945 | $8.1M |
| Ieq Capital, LLC | 0.02% | Add +3.5% | 117,106 | $8.0M |
| Fielder Capital Group LLC | 1.64% | Reduce -6.4% | 112,760 | $7.7M |
| Once Capital Management, LLC | 1.86% | No change | 107,700 | $7.4M |
| Blair William & Co. | 0.02% | Reduce -0.2% | 107,329 | $7.3M |
| Birch Hill Investment Advisors LLC | 0.29% | No change | 102,850 | $7.0M |
| Citrine Capital LLC | 3.23% | Reduce -1.4% | 101,811 | $7.0M |
| ICONIQ Capital, LLC | 0.10% | No change | 101,575 | $6.9M |
| Kestra Advisory Services, LLC | 0.03% | Reduce -0.7% | 100,737 | $6.9M |
| Millennium Management | 0.01% | No change | 100,000 | $6.8M |
| Red Door Wealth Management, LLC | 0.68% | Reduce -1.7% | 95,690 | $6.5M |
| Morgan Stanley | 0.00% | Add +129.9% | 93,441 | $6.4M |
| Larson Financial Group LLC | 0.21% | Reduce -7.4% | 92,156 | $6.3M |
| Claro Advisors Inc. | 0.84% | Reduce -0.3% | 90,190 | $6.2M |
| Raymond James Financial Inc. | 0.00% | Reduce -6.3% | 87,523 | $6.0M |
| Traphagen Investment Advisors LLC | 0.48% | Reduce -3.5% | 85,252 | $5.8M |
| Citadel Advisors | 0.00% | New | 83,822 | $5.7M |
| Osaic Holdings, Inc. | 0.01% | Add +7.8% | 82,156 | $5.6M |
| Van Hulzen Asset Management, LLC | 0.39% | Reduce -0.8% | 77,934 | $5.3M |
| Advisory Services Network, LLC | 0.07% | Add +3.7% | 76,407 | $5.2M |
| Intellectus Partners, LLC | 1.01% | Reduce -0.4% | 76,266 | $5.2M |
| SCS Capital Management LLC | 0.06% | No change | 75,957 | $5.2M |
| Haven Private, LLC | 2.20% | Reduce -0.1% | 73,437 | $5.0M |
| Mercer Global Advisors Inc. | 0.01% | Add +49.3% | 72,584 | $5.0M |
| Farther Finance Advisors, LLC | 0.05% | Add +1.7% | 72,070 | $4.9M |
| Variant Private Wealth, LLC | 5.09% | Reduce -26.5% | 71,666 | $4.9M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -27.4% | 69,568 | $4.8M |
| WESCAP Management Group, Inc. | 0.96% | Reduce -4.6% | 69,176 | $4.7M |
| Guild Investment Management, Inc. | 3.41% | Add +0.6% | 67,325 | $4.6M |
| Palumbo Wealth Management LLC | 1.13% | New | 67,259 | $4.6M |
| Ascension Capital Advisors, Inc. | 1.55% | Reduce -3.7% | 65,907 | $4.5M |
| Global Retirement Partners, LLC | 0.08% | Add +1.7% | 64,428 | $4.4M |
| Moneco Advisors, LLC | 0.35% | Reduce -7.4% | 64,271 | $4.4M |
| NorthCoast Asset Management LLC | 0.10% | Add +178.0% | 64,222 | $4.4M |
| Seldon Capital LP | 1.52% | Reduce -2.9% | 64,207 | $4.4M |
| Cerity Partners LLC | 0.01% | Add +21.1% | 62,791 | $4.3M |
| NewEdge Wealth, LLC | 0.05% | Add +0.5% | 60,855 | $4.2M |
| Blue Square Asset Management, LLC | 1.83% | Reduce -24.9% | 60,217 | $4.1M |
| Pekin Hardy Strauss, Inc. | 0.37% | Add +13.3% | 58,419 | $4.0M |
| Keystone Financial Group | 0.29% | Add +0.1% | 56,312 | $3.8M |
| Legacy Wealth Asset Management, LLC | 0.95% | Reduce -11.8% | 56,309 | $3.8M |
| Smithfield Trust Co | 0.17% | No change | 56,195 | $3.8M |
| Virtu Financial LLC | 0.15% | Add +141.6% | 55,584 | $3.8M |
| Bleakley Financial Group, LLC | 0.07% | Add +0.1% | 55,363 | $3.8M |
| Kestra Private Wealth Services, LLC | 0.05% | No change | 55,008 | $3.8M |
| Independent Financial Group, LLC | 0.08% | Reduce -3.6% | 53,929 | $3.7M |
| NTV Asset Management LLC | 0.38% | Reduce 0.0% | 52,485 | $3.6M |
| Innovative Advisory Group, LLC | 2.35% | Reduce -1.7% | 52,365 | $3.6M |
| Brown Advisory Inc. | 0.00% | No change | 51,616 | $3.5M |
| Convergence Financial, LLC | 0.51% | No change | 51,460 | $3.5M |
| Verde Capital Management | 0.75% | Reduce -1.3% | 51,322 | $3.5M |
| Beck Capital Management, LLC | 0.81% | Reduce -4.2% | 49,845 | $3.4M |
| Corient Private Wealth LP | 0.00% | Add +2.2% | 48,585 | $3.3M |
| US Bancorp \de | 0.00% | Reduce -6.1% | 47,613 | $3.3M |
| Merit Financial Group, LLC | 0.03% | Reduce -14.8% | 47,418 | $3.2M |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -5.8% | 46,863 | $3.2M |
| EFG International AG | 0.06% | — | 45,050 | $3.1M |
| Proficio Capital Partners LLC | 0.21% | Reduce -0.6% | 44,162 | $3.0M |
| Certior Financial Group, LLC | 2.04% | Reduce -0.1% | 43,676 | $3.0M |
| Fagan Associates, Inc. | 0.39% | Reduce -0.5% | 43,053 | $2.9M |
| HFG Wealth Management, LLC | 1.62% | Reduce -4.7% | 43,020 | $2.9M |
| NewEdge Advisors, LLC | 0.01% | Reduce -11.0% | 42,652 | $2.9M |
| Wealthspire Advisors, LLC | 0.02% | Reduce -0.7% | 42,395 | $2.9M |
| Brookstone Capital Management | 0.03% | Reduce -66.7% | 40,506 | $2.8M |
| Mgo One Seven LLC | 0.05% | Add +12.6% | 39,296 | $2.7M |
| Prosperity Financial Group, Inc. | 0.96% | Reduce -4.8% | 39,055 | $2.7M |
"% of holder's portfolio" is GBTC's weight in each manager's 13F, not the share of Grayscale Bitcoin Trust ETF the manager owns.