Paradigm Operations LP
CIK
1911136
Location
San Francisco, CA
Portfolio Value
Small
$954,078,983
Diversification
Highly concentrated
Filing Date
Global Rank
#1,559
/ 8,232
▼ 200
Top Industry
Financial Data & Stock Exchanges
65.7%
3Y Alpha vs SPY
+32.9%
Period ended 2 months ago
Filed May 15, 2026 · 30d
18 quarters · since Dec 2021
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+254.7%
SPY
+76.3%
Annualised alpha
+31.7%
Max drawdown
−63.3%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
3 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
65.7%
−5.3 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
5,302
Highly concentrated−498
Portfolio Trend
18 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 100.0% | $954,078,983 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| HOOD | Robinhood Markets, Inc. | +1,003,980 | 4,303,980 | $298,265,814 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| COIN | Coinbase Global, Inc. | −673,030 | 3,589,428 | $626,750,023 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
3 positions ·
$954,078,983 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| COIN |
Coinbase Global, Inc.
Financial Services
|
Reduced | 3,589,428 | $626,750,023 | 65.69% | |
| HOOD |
Robinhood Markets, Inc.
Financial Services
|
Added | 4,303,980 | $298,265,814 | 31.26% | |
| PURR |
Hyperliquid Strategies Inc
Financial Services
|
Held | 5,709,852 | $29,063,146 | 3.05% |