Discovery Capital Management LLC CT Sells 331,994 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Discovery Capital Management LLC CT lessened its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 521,523 shares of the company’s stock after selling 331,994 shares during the period. iShares Bitcoin Trust makes up about 1.9% of Discovery Capital Management LLC CT’s investment portfolio, making the stock its 18th biggest holding. Discovery Capital Management LLC CT owned about 0.08% of iShares Bitcoin Trust worth $27,667,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vienna Asset Management LLC increased its position in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after buying an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of iShares Bitcoin Trust in the third quarter worth about $656,000. Andina Capital Management LLC raised its position in shares of iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after purchasing an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after purchasing an additional 9,266 shares in the last quarter. Finally, Mutual Advisors LLC grew its position in shares of iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after purchasing an additional 62,338 shares during the period.

iShares Bitcoin Trust Price Performance

NASDAQ IBIT opened at $46.81 on Tuesday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The business has a 50 day simple moving average of $52.38 and a 200 day simple moving average of $48.99.

iShares Bitcoin Trust 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.