GBTC vs FBTC overlap
265 institutions report holding both GBTC and FBTC.
GBTCFBTC
Pick 2 to 4 ETFs.
We don’t have holdings for GBTC, FBTC. 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.
265
institutions report holding both, of 955 holding any
GBTC81.5% of its 13F dollars, 44.3% of its 598 holders
FBTC51.9% of its 13F dollars, 42.6% of its 622 holders
Largest institutions holding both
| Firm | GBTC | FBTC |
|---|---|---|
| Horizon Kinetics Asset Management LLC | $552.6M | $290K |
| Schonfeld Strategic Advisors LLC | $289K | $100.8M |
| Millennium Management LLC | $4.6M | $68.9M |
| Jane Street Group, LLC | $15.5M | $45.3M |
| Morgan Stanley | $3.6M | $48.7M |
| HighTower Advisors, LLC | $27.4M | $21.5M |
| Mariner, LLC | $12.7M | $32.5M |
| LPL Financial LLC | $39.9M | $2.1M |
| Cambridge Investment Research Advisors, Inc. | $22.3M | $19.6M |
| Envestnet Asset Management Inc. | $3.2M | $33.7M |
| Beaumont Financial Advisors, LLC | $11.4M | $23.1M |
| Cresset Asset Management, LLC | $10.5M | $21.3M |
| Citadel Advisors LLC | $14.3M | $15.2M |
| Cetera Investment Advisers | $7.5M | $21.1M |
| Susquehanna International Group, LLP | $3.4M | $21.5M |
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, FBTC institutional holders.
Frequently asked questions
Do institutions hold both GBTC and FBTC?
265 Form 13F filers report positions in both, out of 955 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%.