Galaxy Digital Capital Management GP LLC's Q2 2025 13F is in
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Mar 24, 2026 · 24 reported positions · accession 0001628280-26-020659
This filing covers a somewhat different set of reporting entities than the fund's prior filing, so a few of the changes below may reflect that rather than trading.
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | ISHARES BITCOIN TRUST ETF (IBIT) | — | 12.9% | +12.9 pts | +168K sh | new |
| Reduced | CIPHER MINING INC (CIFR) | 9.0% | 4.1% | −4.9 pts | −1.88M sh | −73% |
| Exited | MICRON TECHNOLOGY INC (MU) | 9.4% | — | −9.4 pts | −70,548 sh | −100% |
| Reduced | COINBASE GLOBAL INC (COIN) | 6.3% | 2.0% | −4.3 pts | −19,289 sh | −81% |
| Reduced | RIOT PLATFORMS INC (RIOT) | 8.4% | 6.2% | −2.2 pts | −335K sh | −43% |
| Reduced | CORE SCIENTIFIC INC NEW (CORZ) | 12.6% | 20.0% | +7.4 pts | −202K sh | −18% |
| Reduced | CLEANSPARK INC (CLSK) | 4.2% | 2.4% | −1.8 pts | −233K sh | −57% |
| Increased | ALPHABET INC (GOOGL) | 0.8% | 3.6% | +2.8 pts | +12,810 sh | +384% |
| New | ETORO GROUP LTD (ETOR) | — | 2.7% | +2.7 pts | +32,499 sh | new |
| Reduced | BLOCK INC (XYZ) | 3.4% | 1.0% | −2.5 pts | −29,806 sh | −72% |
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 4.5% | 2.5% | −1.9 pts | −8,624 sh | −49% |
| Reduced | ROBINHOOD MKTS INC (HOOD) | 3.9% | 4.9% | +1.0 pts | −19,005 sh | −31% |
| Exited | HUT 8 CORP (HUT) | 2.2% | — | −2.2 pts | −125K sh | −100% |
| Exited | ADVANCED MICRO DEVICES INC (AMD) | 1.9% | — | −1.9 pts | −12,189 sh | −100% |
| Increased | JPMORGAN CHASE & CO. (JPM) | 2.2% | 3.8% | +1.6 pts | +4,634 sh | +81% |
| Exited | APPLIED DIGITAL CORP (APLD) | 1.5% | — | −1.5 pts | −175K sh | −100% |
| Increased | MASTERCARD INCORPORATED (MA) | 2.3% | 3.3% | +1.0 pts | +2,006 sh | +74% |
| Increased | VISA INC (V) | 2.4% | 3.3% | +0.9 pts | +2,947 sh | +66% |
| Reduced | VERTIV HOLDINGS CO (VRT) | 3.2% | 3.7% | +0.4 pts | −6,585 sh | −22% |
| Increased | IREN LIMITED (IREN) | 3.2% | 7.4% | +4.1 pts | +57,015 sh | +16% |
| Reduced | BLACKROCK INC (BLK) | 3.5% | 2.2% | −1.3 pts | −727 sh | −30% |
| Exited | SANDISK CORP (SNDK) | 0.7% | — | −0.7 pts | −9,735 sh | −100% |
| Exited | ISHARES ETHEREUM TR (ETHA) | 0.7% | — | −0.7 pts | −31,790 sh | −100% |
| Increased | BITFARMS LTD (BITF) | 3.2% | 3.2% | 0.0 pts | +370K sh | +14% |
| Reduced | WESTERN DIGITAL CORP (WDC) | 1.8% | 2.1% | +0.3 pts | −2,357 sh | −8% |
| Increased | MORGAN STANLEY (MS) | 2.6% | 2.6% | +0.1 pts | +621 sh | +4% |
| Increased | LAM RESEARCH CORP (LRCX) | 1.1% | 1.3% | +0.1 pts | +209 sh | +2% |
| Reduced | META PLATFORMS INC (META) | 1.2% | 1.2% | 0.0 pts | −17 sh | −1% |
| Reduced | ONTO INNOVATION INC (ONTO) | 1.5% | 1.0% | −0.5 pts | −34 sh | 0% |
| Reduced | COHERENT CORP (COHR) | 2.3% | 2.6% | +0.3 pts | −11 sh | 0% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 69.8% of the equity book
Changes in the top 10 this quarter: IBIT entered · IREN entered · JPM entered · VRT entered · GOOGL entered · MA entered · MU left · COIN left · TSM left · CLSK left · BLK left · XYZ left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CORE SCIENTIFIC INC NEW (CORZ) | 12.6% | 20.0% | |
| 2 | ISHARES BITCOIN TRUST ETF (IBIT) | 0.0% | 12.9% | Entered the top 10 |
| 3 | IREN LIMITED (IREN) | 3.2% | 7.4% | Entered the top 10 |
| 4 | RIOT PLATFORMS INC (RIOT) | 8.4% | 6.2% | |
| 5 | ROBINHOOD MKTS INC (HOOD) | 3.9% | 4.9% | |
| 6 | CIPHER MINING INC (CIFR) | 9.0% | 4.1% | |
| 7 | JPMORGAN CHASE & CO. (JPM) | 2.2% | 3.8% | Entered the top 10 |
| 8 | VERTIV HOLDINGS CO (VRT) | 3.2% | 3.7% | Entered the top 10 |
| 9 | ALPHABET INC (GOOGL) | 0.8% | 3.6% | Entered the top 10 |
| 10 | MASTERCARD INCORPORATED (MA) | 2.3% | 3.3% | Entered the top 10 |
| — | MICRON TECHNOLOGY INC (MU) | 9.4% | 0.0% | Left the top 10 |
| — | COINBASE GLOBAL INC (COIN) | 6.3% | 2.0% | Left the top 10 |
| — | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 4.5% | 2.5% | Left the top 10 |
| — | CLEANSPARK INC (CLSK) | 4.2% | 2.4% | Left the top 10 |
| — | BLACKROCK INC (BLK) | 3.5% | 2.2% | Left the top 10 |
| — | BLOCK INC (XYZ) | 3.4% | 1.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | INVESCO QQQ TR (QQQ) | Put | 20,600 | 0 | $0 |
| New | CORE SCIENTIFIC INC NEW (CORZ) | Put | 0 | 542K | $9.25M |
| New | IREN LIMITED (IREN) | Put | 0 | 344K | $5M |
| New | RIOT PLATFORMS INC (RIOT) | Put | 0 | 271K | $3.06M |
| New | ROBINHOOD MKTS INC (HOOD) | Put | 0 | 30,800 | $2.88M |
| Exited | PROSHARES TR (BITO) | Put | 146K | 0 | $0 |
| New | JPMORGAN CHASE & CO. (JPM) | Put | 0 | 9,100 | $2.64M |
| New | VERTIV HOLDINGS CO (VRT) | Put | 0 | 19,700 | $2.53M |
| New | MORGAN STANLEY (MS) | Put | 0 | 13,200 | $1.86M |
| New | ETORO GROUP LTD (ETOR) | Put | 0 | 27,900 | $1.86M |
| Exited | MARA HOLDINGS INC (MARA) | Put | 161K | 0 | $0 |
| New | COHERENT CORP (COHR) | Put | 0 | 20,300 | $1.81M |
| New | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | Put | 0 | 7,700 | $1.74M |
| Exited | APPLE INC (AAPL) | Put | 7,600 | 0 | $0 |
| New | CLEANSPARK INC (CLSK) | Put | 0 | 150K | $1.65M |
| New | ISHARES BITCOIN TRUST ETF (IBIT) | Put | 0 | 25,800 | $1.58M |
| New | WESTERN DIGITAL CORP (WDC) | Put | 0 | 23,100 | $1.48M |
| New | COINBASE GLOBAL INC (COIN) | Put | 0 | 3,900 | $1.37M |
| Exited | ALIBABA GROUP HLDG LTD (BABA) | Put | 9,900 | 0 | $0 |
| Exited | ADVANCED MICRO DEVICES INC (AMD) | Put | 10,800 | 0 | $0 |
| Exited | INTERACTIVE BROKERS GROUP IN (IBKR) | Put | 6,300 | 0 | $0 |
| Exited | NXP SEMICONDUCTORS N V (NXPI) | Put | 5,400 | 0 | $0 |
| Exited | ISHARES BITCOIN TRUST ETF (IBIT) | Call | 21,000 | 0 | $0 |
| New | LAM RESEARCH CORP (LRCX) | Put | 0 | 8,800 | $857K |
| Exited | KRANESHARES TRUST (KWEB) | Call | 22,300 | 0 | $0 |