BTC Development Corp. - BDCI
Detailed investor-level table based on 13F positions.
Methodology:
Market value and % of portfolio use SEC reported VALUE ($000).
For PUT/CALL positions this reflects reported underlying exposure, not premium cash paid/received.
Details.
Rows: 0
| Investor | History | Status | Shares held | Market value ($000) | % of portfolio | Previous % | Rank | Change in shares | % change in shares | Source | Date reported |
|---|---|---|---|---|---|---|---|---|---|---|---|
| METEORA CAPITAL, LLC | History | Reduced | 1,959,275 | 19,628 | 1.64% | 2.35% | 1 | -240,725 | -10.94% | Q4 2025 | Feb 17, 2026 |
| TORONTO DOMINION BANK | History | Added to | 1,644,591 | 16,508 | 0.02% | 0.0% | 2 | +1,394,591 | 557.84% | Q4 2025 | Feb 17, 2026 |
| GLAZER CAPITAL, LLC | History | Reduced | 1,174,323 | 11,755 | 0.31% | 0.52% | 3 | -351,231 | -23.02% | Q4 2025 | Feb 13, 2026 |
| LINDEN ADVISORS LP | History | No change | 1,125,000 | 11,266 | 0.07% | 0.08% | 4 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| TENOR CAPITAL MANAGEMENT Co., L.P. | History | No change | 1,125,000 | 11,261 | 0.16% | 0.15% | 5 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| LMR Partners LLP | History | Reduced | 1,025,000 | 10,260 | 0.02% | 0.05% | 6 | -100,000 | -8.89% | Q4 2025 | Feb 17, 2026 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | History | No change | 1,000,000 | 10,010 | 0.02% | 0.02% | 7 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| AQR Arbitrage LLC | History | Reduced | 888,512 | 8,898 | 0.19% | 0.29% | 8 | -236,488 | -21.02% | Q4 2025 | Feb 17, 2026 |
| Verition Fund Management LLC | History | Reduced | 819,179 | 8,204 | 0.03% | 0.04% | 9 | -180,821 | -18.08% | Q4 2025 | Feb 13, 2026 |
| Magnetar Financial LLC | History | No change | 750,000 | 7,511 | 0.07% | 0.05% | 10 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | History | No change | 750,000 | 7,511 | 0.01% | 0.01% | 11 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| First Trust Capital Management L.P. | History | No change | 750,000 | 7,507 | 0.45% | 0.49% | 12 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Polar Asset Management Partners Inc. | History | New | 713,394 | 7,141 | 0.09% | — | 13 | +713,394 | New | Q4 2025 | Feb 17, 2026 |
| Harraden Circle Investments, LLC | History | Reduced | 666,903 | 6,675 | 1.22% | 1.42% | 14 | -58,097 | -8.01% | Q4 2025 | Feb 13, 2026 |
| Radcliffe Capital Management, L.P. | History | Added to | 581,316 | 5,818 | 0.32% | 0.1% | 15 | +428,816 | 281.19% | Q4 2025 | Feb 17, 2026 |
| STEADFAST CAPITAL MANAGEMENT LP | History | No change | 525,000 | 5,323 | 0.09% | 0.09% | 16 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| Alberta Investment Management Corp | History | New | 525,000 | 5,257 | 0.03% | — | 17 | +525,000 | New | Q4 2025 | Feb 19, 2026 |
| Saba Capital Management, L.P. | History | No change | 525,000 | 5,255 | 0.16% | 0.14% | 18 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| PERISCOPE CAPITAL INC. | History | Reduced | 493,802 | 4,942 | 0.57% | 0.82% | 19 | -14,698 | -2.89% | Q4 2025 | Feb 10, 2026 |
| MILLENNIUM MANAGEMENT LLC | History | Added to | 470,752 | 4,724 | 0.0% | 0.0% | 20 | +112,252 | 31.31% | Q4 2025 | Feb 17, 2026 |
| Hudson Bay Capital Management LP | History | No change | 400,000 | 4,006 | 0.01% | 0.01% | 21 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| ARISTEIA CAPITAL, L.L.C. | History | No change | 400,000 | 4,004 | 0.09% | 0.09% | 22 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| MOORE CAPITAL MANAGEMENT, LP | History | No change | 400,000 | 4,004 | 0.06% | 0.06% | 23 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| Shaolin Capital Management LLC | History | Reduced | 397,348 | 3,977 | 0.12% | 0.2% | 24 | -52,132 | -11.6% | Q4 2025 | Feb 17, 2026 |
| TWO SIGMA INVESTMENTS, LP | History | New | 396,439 | 3,968 | 0.01% | — | 25 | +396,439 | New | Q4 2025 | Feb 17, 2026 |
| Context Capital Management, LLC | History | No change | 350,000 | 3,503 | 0.09% | 0.11% | 26 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Clear Street Group Inc. | History | Reduced | 348,413 | 3,499 | 0.01% | 0.01% | 27 | -1,587 | -0.45% | Q4 2025 | Feb 13, 2026 |
| Wealthspring Capital LLC | History | Reduced | 334,252 | 3,345 | 0.79% | 0.83% | 28 | -12,868 | -3.71% | Q4 2025 | Feb 05, 2026 |
| MIZUHO SECURITIES USA LLC | History | Added to | 306,042 | 3,075 | 0.05% | 0.01% | 29 | +236,042 | 337.2% | Q4 2025 | Feb 09, 2026 |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | History | Reduced | 300,000 | 3,004 | 0.1% | 0.18% | 30 | -100,000 | -25.0% | Q4 2025 | Feb 11, 2026 |
| BERKLEY W R CORP | History | Added to | 260,103 | 2,603 | 0.12% | 0.09% | 31 | +111,287 | 74.78% | Q4 2025 | Feb 13, 2026 |
| BNP PARIBAS FINANCIAL MARKETS | History | New | 236,472 | 2,368 | 0.0% | — | 32 | +236,472 | New | Q4 2025 | Feb 10, 2026 |
| FIFTH LANE CAPITAL, LP | History | Reduced | 225,000 | 2,283 | 1.73% | 2.54% | 33 | -25,000 | -10.0% | Q4 2025 | Feb 13, 2026 |
| Lineage Point Capital LP | History | New | 212,768 | 2,131 | 0.81% | — | 34 | +212,768 | New | Q4 2025 | Feb 26, 2026 |
| HGC Investment Management Inc. | History | No change | 200,000 | 2,028 | 0.43% | 0.49% | 35 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | History | Reduced | 199,756 | 2,025 | 0.1% | 0.12% | 36 | -244 | -0.12% | Q4 2025 | Feb 17, 2026 |
| Governors Lane LP | History | No change | 200,000 | 2,002 | 0.12% | 0.15% | 37 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| Mint Tower Capital Management B.V. | History | No change | 200,000 | 2,002 | 0.23% | 0.24% | 38 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| Karpus Management, Inc. | History | Reduced | 146,650 | 1,487 | 0.05% | 0.05% | 39 | -3,350 | -2.23% | Q4 2025 | Feb 17, 2026 |
| DLD Asset Management, LP | History | Added to | 108,100 | 1,082 | 0.08% | 0.07% | 40 | +8,100 | 8.1% | Q4 2025 | Feb 13, 2026 |
| HRT FINANCIAL LP | History | Added to | 100,613 | 1,020 | 0.0% | 0.0% | 41 | +612 | 0.61% | Q4 2025 | Feb 12, 2026 |
| MARSHALL WACE, LLP | History | No change | 100,000 | 1,002 | 0.0% | 0.0% | 42 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | History | New | 100,000 | 1,001 | 1.38% | — | 44 | +100,000 | New | Q4 2025 | Mar 04, 2026 |
| DRIEHAUS CAPITAL MANAGEMENT LLC | History | No change | 100,000 | 1,001 | 0.01% | 0.01% | 43 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| WHITEBOX ADVISORS LLC | History | No change | 100,000 | 1,001 | 0.01% | 0.02% | 45 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| CANTOR FITZGERALD, L. P. | History | New | 98,000 | 981 | 0.01% | — | 46 | +98,000 | New | Q4 2025 | Feb 17, 2026 |
| Virtu Financial LLC | History | Added to | 84,574 | 847 | 0.03% | 0.01% | 47 | +58,026 | 218.57% | Q4 2025 | Feb 23, 2026 |
| STIFEL FINANCIAL CORP | History | New | 74,250 | 752 | 0.0% | — | 48 | +74,250 | New | Q4 2025 | Feb 13, 2026 |
| Bulldog Investors, LLP | History | No change | 70,154 | 711 | 0.16% | 0.16% | 49 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| StoneX Group Inc. | History | Reduced | 52,500 | 525 | 0.02% | 0.04% | 50 | -32,500 | -38.24% | Q4 2025 | Feb 12, 2026 |
| Schonfeld Strategic Advisors LLC | History | No change | 50,000 | 507 | 0.0% | 0.0% | 51 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| Westchester Capital Management, LLC | History | No change | 50,000 | 506 | 0.02% | 0.02% | 52 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Centiva Capital, LP | History | Reduced | 50,000 | 500 | 0.0% | 0.01% | 53 | -50,000 | -50.0% | Q4 2025 | Feb 13, 2026 |
| BOOTHBAY FUND MANAGEMENT, LLC | History | Reduced | 34,988 | 350 | 0.01% | 0.01% | 54 | -20,000 | -36.37% | Q4 2025 | Feb 17, 2026 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | History | New | 27,773 | 278 | 0.0% | — | 55 | +27,773 | New | Q4 2025 | Feb 17, 2026 |
| Crossingbridge Advisors, LLC | History | Reduced | 25,000 | 250 | 0.07% | 0.26% | 56 | -25,000 | -50.0% | Q4 2025 | Feb 13, 2026 |
| SCOGGIN MANAGEMENT LP | History | Reduced | 20,000 | 202 | 0.03% | 0.08% | 57 | -30,000 | -60.0% | Q4 2025 | Feb 17, 2026 |
| READYSTATE ASSET MANAGEMENT LP | History | No change | 20,000 | 202 | 0.01% | 0.01% | 58 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| ABC ARBITRAGE SA | History | New | 20,000 | 200 | 0.02% | — | 61 | +20,000 | New | Q4 2025 | Feb 04, 2026 |
| WOLVERINE ASSET MANAGEMENT LLC | History | No change | 20,000 | 200 | 0.0% | 0.0% | 59 | 0 | 0.0% | Q4 2025 | Feb 02, 2026 |
| PICTON MAHONEY ASSET MANAGEMENT | History | No change | 20,000 | 200 | 0.0% | 0.0% | 60 | 0 | 0.0% | Q4 2025 | Feb 11, 2026 |
| Sandia Investment Management LP | History | Reduced | 15,000 | 152 | 0.38% | 0.6% | 62 | -5,000 | -25.0% | Q4 2025 | Feb 17, 2026 |
| Quarry LP | History | Reduced | 15,000 | 152 | 0.02% | 0.04% | 63 | -5,000 | -25.0% | Q4 2025 | Feb 13, 2026 |
| CITADEL ADVISORS LLC | History | New | 10,073 | 102 | 0.0% | — | 64 | +10,073 | New | Q4 2025 | Feb 17, 2026 |
| Decagon Asset Management LLP | History | Reduced | 51,491 | 35 | 0.01% | 2.55% | 65 | -448,509 | -89.7% | Q4 2025 | Feb 17, 2026 |
| CSS LLC/IL | History | Closed out | 0 | 0 | — | 0.32% | — | -707,880 | -100.0% | Q3 2025 | Nov 13, 2025 |
| K2 PRINCIPAL FUND, L.P. | History | Closed out | 0 | 0 | — | 0.25% | — | -300,000 | -100.0% | Q3 2025 | Nov 13, 2025 |
| Sculptor Capital LP | History | Closed out | 0 | 0 | — | 0.03% | — | -250,000 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Empyrean Capital Partners, LP | History | Closed out | 0 | 0 | — | 0.06% | — | -150,000 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Weiss Asset Management LP | History | Closed out | 0 | 0 | — | 0.53% | — | -150,000 | -100.0% | Q3 2025 | Feb 17, 2026 |
| Parallax Volatility Advisers, L.P. | History | Closed out | 0 | 0 | — | 0.0% | — | -100,000 | -100.0% | Q3 2025 | Nov 14, 2025 |
| JPMORGAN CHASE & CO | History | Closed out | 0 | 0 | — | 0.0% | — | -32,000 | -100.0% | Q3 2025 | Nov 26, 2025 |
| Calamos Advisors LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -19,683 | -100.0% | Q3 2025 | Oct 20, 2025 |
| Warberg Asset Management LLC | History | Closed out | 0 | 0 | — | 0.03% | — | -19,000 | -100.0% | Q3 2025 | Nov 06, 2025 |
| MORGAN STANLEY | History | New | 69 | 0 | — | — | — | +69 | New | Q4 2025 | Feb 13, 2026 |
| UBS Group AG | History | New | 25 | 0 | — | — | — | +25 | New | Q4 2025 | Jan 29, 2026 |