Horizon Kinetics Asset Management LLC Grows Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Horizon Kinetics Asset Management LLC increased its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 11.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 805,803 shares of the company’s stock after purchasing an additional 85,763 shares during the period. iShares Bitcoin Trust accounts for 0.4% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 25th biggest holding. Horizon Kinetics Asset Management LLC owned 0.12% of iShares Bitcoin Trust worth $29,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IMC Chicago LLC purchased a new position in shares of iShares Bitcoin Trust in the third quarter worth $323,337,000. D. E. Shaw & Co. Inc. increased its holdings in iShares Bitcoin Trust by 1,657.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after acquiring an additional 2,486,608 shares during the last quarter. Sculptor Capital LP lifted its stake in iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after purchasing an additional 2,215,107 shares in the last quarter. Aristeia Capital L.L.C. boosted its holdings in shares of iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of iShares Bitcoin Trust during the 2nd quarter valued at about $56,965,000.

iShares Bitcoin Trust Stock Down 1.6 %

Shares of IBIT stock opened at $55.57 on Monday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $56.86. The stock’s 50-day moving average price is $40.50 and its 200-day moving average price is $37.45.

iShares Bitcoin Trust Company Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.