A Securities and Exchange Commission filing submitted Aug. 14 reveals Tudor Investment Corporation expanded its position in the iShares Bitcoin Trust during the second quarter, stopping a four-quarter divestment campaign.<\/p>\n
The Greenwich, Connecticut-based firm possessed 688,529 shares of the BlackRock fund valued at $22.9 million on June 30, according to the mandatory quarterly disclosure.<\/p>\n
That balance represents an 18.9% increase from the 579,083 shares Tudor disclosed at the close of March, bringing net quarterly buying to 109,446 shares.<\/p>\n
The purchase comprises a fraction of one percent of Tudor’s regulatory portfolio across its more than $100 billion in total managed assets, leaving the position well below its late-2024 high-water mark of over 8 million shares worth $427 million.<\/p>\n
Form 13F disclosures only capture long equity holdings and options positions of institutional investment managers at the specific end of each calendar quarter, omitting cash holdings, short positions, foreign-listed securities, or subsequent portfolio adjustments made over the following 45 days.<\/p>\n
Wall Street market participants nevertheless interpreted the position change as a shift in momentum for the macro fund, marking its first net quarterly accumulation cycle since early 2025.<\/p>\n
The SEC filing showed Tudor simultaneously reduced its IBIT<\/a> call options exposure by approximately 85%, cutting those positions from the equivalent of 998,000 underlying shares down to 148,000 while keeping its put options flat.<\/p>\n The liquidation of derivative contracts alongside direct share purchases indicates a structural shift away from leveraged directional bets into spot fund equity, though 13F mandates exclude strike prices, premiums paid, and expiration timelines.<\/p>\n