GBTC · Holdings ETF
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Institutional Ownership Trend
Holder Concentration
Across 119 13F filers · Δ vs Jun 30, 2026Who Holds GBTC
Last 8 quarters through Sep 30, 2026 (filing window open)Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.
Jun 30, 2026, the newest closed quarter: 603 filers, like-for-like change -11.1%; actively managed books -11.2%; index-like books +26.9%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 80.5% | 420 | -12.0% |
| Exempt adviser | 0.3% | 2 | -43.4% |
| Adviser | 0.2% | 5 | -30.4% |
| Bank | 0.8% | 20 | -17.7% |
| Broker-dealer | 3.2% | 2 | -2.5% |
| Benefit plan | 0.1% | 1 | new |
| Holding company | 0.8% | 6 | +1.6% |
| Unknown | 14.1% | 147 | -7.3% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Index-like | 0.5% | 4 | +26.9% |
| Systematic-like | 1.8% | 7 | +108.3% |
| Concentrated | 57.8% | 195 | -14.2% |
| Diversified active | 39.9% | 396 | -8.8% |
| Unknown | 0.0% | 1 | -98.4% |
| Not measured | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 86.6% | 436 | -13.1% |
| Medium turnover | 6.2% | 99 | -8.5% |
| High turnover | 5.4% | 17 | +20.5% |
| Unknown | 1.8% | 51 | +18.4% |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 3.5% | 51 | +56.1% |
| Medium horizon | 9.4% | 134 | -20.5% |
| Long horizon | 86.2% | 403 | -11.2% |
| Unknown | 0.9% | 15 | -30.1% |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 15.7% | 288 | -7.2% |
| $1B to $10B | 61.3% | 223 | -13.6% |
| $10B to $100B | 15.1% | 69 | -9.7% |
| $100B or more | 8.0% | 23 | -0.7% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Individuals and high net worth | 32.8% | 384 | -10.5% |
| Pooled investment vehicles | 2.7% | 8 | +35.2% |
| Registered funds and BDCs | 0.0% | 3 | -96.4% |
| Pension and profit sharing plans | 0.2% | 3 | -5.0% |
| Insurance companies | 0.0% | 1 | 0.0% |
| Charitable organizations | 0.0% | 1 | -15.5% |
| Corporations | 0.2% | 5 | -3.5% |
| Other investment advisers | 0.1% | 5 | +4.1% |
| Diversified | 44.5% | 10 | -13.2% |
| Other | 0.0% | 0 | -100.0% |
| Unknown | 19.5% | 183 | -7.1% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 48.3% | 29 | -11.8% |
| Private equity funds | 3.9% | 25 | +9.1% |
| Venture capital funds | 0.1% | 2 | -2.6% |
| Real estate funds | 1.8% | 9 | +10.9% |
| Other private funds | 4.6% | 26 | -3.8% |
| Mixed private funds | 0.1% | 3 | 0.0% |
| Private funds, type not stated | 0.5% | 7 | -11.8% |
| No private funds | 21.6% | 321 | -18.8% |
| Unknown | 19.2% | 181 | -6.3% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 98.5% | 580 | -11.6% |
| Outside the US | 1.5% | 23 | +38.0% |
The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.
How the mix is measured
Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.
Excluded 8 holders with no observed 2026-03-31 13F and 13 holders with no observed 2026-06-30 13F. Compared across CIK changes: Trask Adam Roland continues as Burnham & Co LLC.
Conviction and Crowding
603 13F filers, quarter ended Jun 30, 2026Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.
Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).
Estimated Holder Cost Basis
Quarter ended Jun 30, 2026, on that quarter's share basisEstimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.
Estimated cost covers 94.4% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.
Fund Ownership of GBTC by Fund Type
Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026Index funds and index ETFs hold 0.00% of shares outstanding.
| Fund type | Of shares outstanding | Shares |
|---|---|---|
| Index funds | 0.00% | 0 |
| Index ETFs | 0.00% | 2,399 |
| Active ETFs | 0.00% | 0 |
| Active funds | 1.96% | 3,379,010 |
| Unclassified | 0.01% | 9,498 |
| All registered funds | 1.97% | 3,390,907 |
How fund types are measured
Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.
Quarterly Activity
New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.
Top Buyers
vs Jun 30, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Large Concurrent Investment Advisors, LLC | +14,224 | 27,044 | |
| Mid B. Riley Wealth Advisors, Inc. | +13,176 | 19,341 | |
| Mid SteelPeak Wealth, LLC | +1,555 | 23,071 | |
| Large Farther Finance Advisors, LLC | +1,465 | 75,047 | |
| Mid IFP Advisors, Inc | +1,295 | 7,581 |
Top Sellers
vs Jun 30, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mid Blue Trust, Inc. | −13,232 | 5,003 | |
| Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | −12,407 | 101,177 | |
| Mid Birch Hill Investment Advisors LLC | −6,700 | 96,150 | |
| Small Hartmann Taylor Wealth Management, LLC | −5,500 | 5,655 | |
| Small CERTIOR FINANCIAL GROUP, LLC | −4,936 | 22,037 |
Top New Positions
vs Jun 30, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Small Lighthouse Wealth Management Inc. | 4,192 | $270,761 | |
| Small Level Financial Advisors | 4,041 | $261,008 | |
| Small E&G Advisors, LP | 3,817 | $246,540 | |
| Small Onyx Bridge Wealth Group LLC | 3,729 | $240,856 | |
| Small Three Magnolias Financial Advisors, LLC | 3,719 | $240,210 |
Top Sold-Out Positions
vs Jun 30, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Small Affinity Capital Advisors, LLC | 4,305 | $195,963 | |
| Small GILL CAPITAL PARTNERS, LLC | 1,750 | $79,660 | |
| Mid SALEM INVESTMENT COUNSELORS INC | 1,648 | $75,016 | |
| Mid AdvisorNet Financial, Inc | 983 | $44,746 | |
| Small Go Invest LLC | 866 | $39,420 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Small Sloy Dahl & Holst, LLC Registered adviser | $8,207,645 | 8.03% | 127,073 | Shares | 2026-10-14 | |
| Small SLT Holdings LLC Registered adviser | $7,552,508 | 7.39% | 116,930 | Shares | 2026-10-15 | |
| Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $6,535,022 | 6.40% | 101,177 | Shares | 2026-10-13 | |
| Mid Birch Hill Investment Advisors LLC Registered adviser | $6,210,328 | 6.08% | 96,150 | Shares | 2026-10-16 | |
| Mid TRAPHAGEN INVESTMENT ADVISORS LLC Registered adviser | $5,355,479 | 5.24% | 82,915 | Shares | 2026-10-14 | |
| Small Citrine Capital LLC | $4,905,739 | 4.80% | 75,952 | Shares | 2026-10-14 | |
| Large Farther Finance Advisors, LLC Registered adviser | $4,847,285 | 4.74% | 75,047 | Shares | 2026-10-08 | |
| Small Legacy Wealth Asset Management, LLC | $3,513,373 | 3.44% | 54,395 | Shares | 2026-10-09 | |
| Mid INDEPENDENT FINANCIAL GROUP, LLC Registered adviser | $2,827,362 | 2.77% | 43,774 | Shares | 2026-10-13 | |
| Micro Innovative Advisory Group, LLC Registered adviser | $2,694,694 | 2.64% | 41,720 | Shares | 2026-10-13 | |
| Small FAGAN ASSOCIATES, INC. Registered adviser | $2,635,659 | 2.58% | 40,806 | Shares | 2026-10-13 | |
| Mid WealthPlan Investment Management, LLC Registered adviser | $2,195,414 | 2.15% | 33,990 | Shares | 2026-10-15 | |
| Mid Cyndeo Wealth Partners, LLC Registered adviser | $2,106,990 | 2.06% | 32,621 | Shares | 2026-10-16 | |
| Mid McKinley Carter Wealth Services, Inc. Registered adviser | $2,058,095 | 2.01% | 31,864 | Shares | 2026-10-16 | |
| Small MCRAE CAPITAL MANAGEMENT INC Registered adviser | $1,998,414 | 1.96% | 30,940 | Shares | 2026-10-15 | |
| Small Professional Financial Advisors, LLC Adviser | $1,764,534 | 1.73% | 27,319 | Shares | 2026-10-13 | |
| Large Concurrent Investment Advisors, LLC Registered adviser | $1,746,771 | 1.71% | 27,044 | Shares | 2026-10-16 | |
| Mid SteelPeak Wealth, LLC Registered adviser | $1,490,155 | 1.46% | 23,071 | Shares | 2026-10-16 | |
| Small 15 Wealth Advisors LLC Registered adviser | $1,450,562 | 1.42% | 22,458 | Shares | 2026-10-14 | |
| Small CERTIOR FINANCIAL GROUP, LLC Registered adviser | $1,423,369 | 1.39% | 22,037 | Shares | 2026-10-19 | |
| Small CRA Financial Services, LLC Registered adviser | $1,385,132 | 1.36% | 21,445 | Shares | 2026-10-16 | |
| Small TRUE Private Wealth Advisors Registered adviser | $1,384,938 | 1.36% | 21,442 | Shares | 2026-10-19 | |
| Small Finer Wealth Management, Inc. | $1,361,363 | 1.33% | 21,077 | Shares | 2026-10-16 | |
| Mid B. Riley Wealth Advisors, Inc. | $1,249,235 | 1.22% | 19,341 | Shares | 2026-10-13 | |
| Small Upper Left Wealth Management, LLC Registered adviser | $1,223,140 | 1.20% | 18,937 | Shares | 2026-10-14 | |
| Mid HCR Wealth Advisors Registered adviser | $1,158,034 | 1.13% | 17,929 | Shares | 2026-10-15 | |
| Small Todd Wealth Management, LLC Registered adviser | $853,686 | 0.84% | 13,217 | Shares | 2026-10-19 | |
| Small Wealth Alliance Advisory Group, LLC Registered adviser | $823,134 | 0.81% | 12,744 | Shares | 2026-10-14 | |
| Small EPIQ PARTNERS, LLC Registered adviser | $821,778 | 0.80% | 12,723 | Shares | 2026-10-07 | |
| Micro HFG Wealth Management, LLC | $731,158 | 0.72% | 11,320 | Shares | 2026-10-16 | |
| Mid Private Capital Advisors, Inc. Registered adviser | $697,442 | 0.68% | 10,798 | Shares | 2026-10-06 | |
| Small Keystone Global Partners, LLC | $655,394 | 0.64% | 10,147 | Shares | 2026-10-13 | |
| Small Montz Harcus Wealth Management LLC Registered adviser | $629,171 | 0.62% | 9,741 | Shares | 2026-10-09 | |
| Small FIDUCIARY FINANCIAL GROUP, LLC | $608,502 | 0.60% | 9,421 | Shares | 2026-10-13 | |
| Small Horrell Capital Management, Inc. Registered adviser | $572,719 | 0.56% | 8,867 | Shares | 2026-10-08 | |
| Mid Apella Capital, LLC | $565,550 | 0.55% | 8,756 | Shares | 2026-10-08 | |
| Mid MISSION WEALTH MANAGEMENT, LP Registered adviser | $535,644 | 0.52% | 8,293 | Shares | 2026-10-15 | |
| Small Taylor & Morgan Wealth Management, LLC Registered adviser | $534,417 | 0.52% | 8,274 | Shares | 2026-10-09 | |
| Small Bison Wealth, LLC Registered adviser | $499,926 | 0.49% | 7,740 | Shares | 2026-10-13 | |
| Mid IFP Advisors, Inc Registered adviser | $489,656 | 0.48% | 7,581 | Shares | 2026-10-16 | |
| Small Pettinga Financial Advisors LLC Registered adviser | $477,901 | 0.47% | 7,399 | Shares | 2026-10-13 | |
| Mid Avior Wealth Management, LLC Registered adviser | $474,994 | 0.46% | 7,354 | Shares | 2026-10-13 | |
| Small DOLIVER ADVISORS, LP Registered adviser | $461,108 | 0.45% | 7,139 | Shares | 2026-10-01 | |
| Mid RVW Wealth, LLC | $443,862 | 0.43% | 6,872 | Shares | 2026-10-06 | |
| Mid Dynamic Advisor Solutions LLC | $437,338 | 0.43% | 6,771 | Shares | 2026-10-13 | |
| Small PUREfi Wealth, LLC | $431,267 | 0.42% | 6,677 | Shares | 2026-10-19 | |
| Mid Valeo Financial Advisors, LLC Registered adviser | $431,009 | 0.42% | 6,673 | Shares | 2026-10-08 | |
| Small Equita Financial Network, Inc. Registered adviser | $397,680 | 0.39% | 6,157 | Shares | 2026-10-19 | |
| Mid SAPIENT CAPITAL LLC Adviser | $396,776 | 0.39% | 6,143 | Shares | 2026-10-08 | |
| Mid C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors Registered adviser | $387,927 | 0.38% | 6,006 | Shares | 2026-10-14 | |
| Small RICHARDS, MERRILL & PETERSON, INC. Registered adviser | $382,372 | 0.37% | 5,920 | Shares | 2026-10-19 | |
| Mid Atria Investments, Inc Registered adviser | $377,528 | 0.37% | 5,845 | Shares | 2026-10-15 | |
| Small Hartmann Taylor Wealth Management, LLC Registered adviser | $365,256 | 0.36% | 5,655 | Shares | 2026-10-14 | |
| Small HRC WEALTH MANAGEMENT, LLC Registered adviser | $341,874 | 0.33% | 5,293 | Shares | 2026-10-16 | |
| Mid Blue Trust, Inc. | $323,143 | 0.32% | 5,003 | Shares | 2026-10-15 | |
| Small CMG Global Holdings, LLC Registered adviser | $319,720 | 0.31% | 4,950 | Shares | 2026-10-14 | |
| Large TD Waterhouse Canada Inc. | $317,266 | 0.31% | 4,912 | Shares | 2026-10-16 | |
| Mid EQUITABLE TRUST CO | $310,613 | 0.30% | 4,809 | Shares | 2026-10-13 | |
| Small Wealth Analytics Partners, LLC | $304,218 | 0.30% | 4,710 | Shares | 2026-10-19 | |
| Small Sterling Investment Counsel, LLC Registered adviser | $301,312 | 0.29% | 4,665 | Shares | 2026-10-19 | |
| Small Narus Financial Partners, LLC Registered adviser | $300,860 | 0.29% | 4,658 | Shares | 2026-10-19 | |
| Small Edge Wealth Management LLC Registered adviser | $293,109 | 0.29% | 4,538 | Shares | 2026-10-13 | |
| Small Retirement Planning Co of New England, Inc. Registered adviser | $277,866 | 0.27% | 4,302 | Shares | 2026-10-15 | |
| Small Lighthouse Wealth Management Inc. Registered adviser | $270,761 | 0.27% | 4,192 | Shares | 2026-10-13 | |
| Small Level Financial Advisors Registered adviser | $261,008 | 0.26% | 4,041 | Shares | 2026-10-13 | |
| Small E&G Advisors, LP | $246,540 | 0.24% | 3,817 | Shares | 2026-10-13 | |
| Small Onyx Bridge Wealth Group LLC Registered adviser | $240,856 | 0.24% | 3,729 | Shares | 2026-10-16 | |
| Small Three Magnolias Financial Advisors, LLC | $240,210 | 0.24% | 3,719 | Shares | 2026-10-14 | |
| Mid ROCKLAND TRUST CO | $238,983 | 0.23% | 3,700 | Shares | 2026-10-05 | |
| Small Thrive Wealth Management, LLC Registered adviser | $235,430 | 0.23% | 3,645 | Shares | 2026-10-13 | |
| Small Able Wealth Management LLC | $228,584 | 0.22% | 3,539 | Shares | 2026-10-13 | |
| Micro FELL CAPITAL MANAGEMENT /ADV | $218,960 | 0.21% | 3,390 | Shares | 2026-10-09 | |
| Small NFSG Corp Registered adviser | $218,443 | 0.21% | 3,382 | Shares | 2026-10-15 | |
| Small SANDERS MORRIS HARRIS LLC Broker-dealer | $212,178 | 0.21% | 3,285 | Shares | 2026-10-14 | |
| Small Opal Wealth Advisors, LLC Registered adviser | $212,178 | 0.21% | 3,285 | Shares | 2026-10-16 | |
| Small HBW ADVISORY SERVICES LLC Registered adviser | $212,178 | 0.21% | 3,285 | Shares | 2026-10-15 | |
| Small MINDSET WEALTH MANAGEMENT, LLC Registered adviser | $206,688 | 0.20% | 3,200 | Shares | 2026-10-19 | |
| Small TrueWealth Advisors, LLC | $205,719 | 0.20% | 3,185 | Shares | 2026-10-09 | |
| Small NEW WAVE WEALTH ADVISORS LLC Registered adviser | $202,748 | 0.20% | 3,139 | Shares | 2026-10-19 | |
| Small Secure Asset Management, LLC Registered adviser | $202,166 | 0.20% | 3,130 | Shares | 2026-10-19 | |
| Small BROWN, LISLE/CUMMINGS, INC. Registered adviser | $141,775 | 0.14% | 2,195 | Shares | 2026-10-16 | |
| Small HIGHLINE WEALTH PARTNERS LLC Registered adviser | $140,031 | 0.14% | 2,168 | Shares | 2026-10-19 | |
| Small Bullock Wealth Management Group Registered adviser | $107,154 | 0.10% | 1,659 | Shares | 2026-10-09 | |
| Mid CX Institutional Registered adviser | $104,958 | 0.10% | 1,625 | Shares | 2026-10-02 | |
| Small YANKCOM Partnership | $90,426 | 0.09% | 1,400 | Shares | 2026-10-15 | |
| Small Investment Research & Advisory Group, Inc. Registered adviser | $76,862 | 0.08% | 1,190 | Shares | 2026-10-19 | |
| Mid TOMPKINS FINANCIAL CORP Bank | $73,697 | 0.07% | 1,141 | Shares | 2026-10-05 | |
| Small Planning Strategies Inc. Registered adviser | $72,663 | 0.07% | 1,125 | Shares | 2026-10-02 | |
| Mid CoreCap Advisors, LLC Registered adviser | $66,592 | 0.07% | 1,031 | Shares | 2026-10-08 | |
| Mid ATWOOD & PALMER INC Registered adviser | $63,685 | 0.06% | 986 | Shares | 2026-10-08 | |
| Small Trust Co | $50,121 | 0.05% | 776 | Shares | 2026-10-09 | |
| Small Essential Partners LLC Registered adviser | $48,442 | 0.05% | 750 | Shares | 2026-10-14 | |
| Small Triumph Capital Management Registered adviser | $47,602 | 0.05% | 737 | Shares | 2026-10-14 | |
| Small WOLFF WIESE MAGANA LLC Registered adviser | $46,698 | 0.05% | 723 | Shares | 2026-10-15 | |
| Small Noble Wealth Management PBC | $32,488 | 0.03% | 503 | Shares | 2026-10-01 | |
| Small PENSION & WEALTH MANAGEMENT ADVISORS, INC. Registered adviser | $32,295 | 0.03% | 500 | Shares | 2026-10-16 | |
| Small TOTH FINANCIAL ADVISORY CORP Registered adviser | $29,259 | 0.03% | 453 | Shares | 2026-10-08 | |
| Mid HARBOR INVESTMENT ADVISORY, LLC Registered adviser | $22,800 | 0.02% | 353 | Shares | 2026-10-13 | |
| Small Lodestone Wealth Management LLC Registered adviser | $19,893 | 0.02% | 308 | Shares | 2026-10-14 | |
| Small Pacific Center for Financial Services Registered adviser | $18,085 | 0.02% | 280 | Shares | 2026-10-15 |
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