GBTC vs BTC overlap
340 institutions report holding both GBTC and BTC.
GBTCBTC
Pick 2 to 4 ETFs.
We don’t have holdings for GBTC, BTC. Most funds that aren’t in the SEC’s N-PORT data are unit trusts, grantor trusts or very new funds. The institutions tab may still have them.
340
institutions report holding both, of 720 holding any
GBTC87.2% of its 13F dollars, 56.9% of its 598 holders
BTC61.3% of its 13F dollars, 73.6% of its 462 holders
Largest institutions holding both
| Firm | GBTC | BTC |
|---|---|---|
| Horizon Kinetics Asset Management LLC | $552.6M | $157.5M |
| Wells Fargo & Company | $105K | $66.6M |
| LPL Financial LLC | $39.9M | $9.4M |
| HighTower Advisors, LLC | $27.4M | $9.3M |
| Sloy Dahl & Holst, LLC | $6.0M | $24.8M |
| Cambridge Investment Research Advisors, Inc. | $22.3M | $7.4M |
| Tidal Investments LLC | $436K | $28.4M |
| Morgan Stanley | $3.6M | $22.3M |
| EagleClaw Capital Managment, LLC | $16.3M | $8.3M |
| Virtu Financial LLC | $16.4M | $4.3M |
| Mariner, LLC | $12.7M | $6.6M |
| MAD River Investors | $16.4M | $2.1M |
| Moors & Cabot, Inc. | $13.8M | $4.2M |
| SteelPeak Wealth, LLC | $979K | $15.2M |
| Citadel Advisors LLC | $14.3M | $1.7M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: GBTC institutional holders, BTC institutional holders.
Frequently asked questions
Do institutions hold both GBTC and BTC?
340 Form 13F filers report positions in both, out of 720 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.