Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 13, 2025 | Sigil Core Fund | 42.6% | - | COIN, CRCL, HOOD, MSTR | Bitcoin, Circle IPO, Crypto Treasury, ETF Flows, Ethereum | The letter emphasizes the institutionalization and financialization of crypto through IPOs, treasury companies, ETFs, and deeper integration with traditional finance. The successful Circle IPO, the rise of crypto treasury vehicles like Strategy (MSTR), and strong ETF inflows highlight a structural shift from speculative token markets toward equity-linked and balance-sheet-driven crypto exposure. The manager argues that this phase represents a synthesis between traditional finance and crypto, creating powerful feedback loops but also introducing premium-to-NAV and leverage risks that require disciplined positioning. | MSTR COIN HOOD CRCL |
View |
| 2025 Q3 | Nov 16, 2025 | Jacob Fund | - | - | BBBY, CRCL | Blockchain, digitalassets, infrastructure, Stablecoins, Tokenization | The manager focuses on digital finance acceleration, including stablecoins, tokenization, and emerging platforms reshaping market infrastructure. Additions such as Circle Internet Group and tZERO exposure through Bed Bath & Beyond reflect conviction in blockchain-enabled settlement, transparency, and shifting capital markets plumbing. The letter argues that early regulatory clarity and infrastructure positioning can drive significant value as adoption expands. | OMER INGN BBBY CRCL |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2026 | Fund Letters | Joe | Circle Internet Group, Inc. | Financials | Financial Exchanges & Data | Bull | New York Stock Exchange | Adoption, Fintech, Payments, Regulation, stablecoins, Treasury | View Pitch |
| Nov 29, 2025 | Fund Letters | Ryan Jacob | Circle Internet Group, Inc. | Financials | Data Processing & Outsourced Services | Bull | NYSE | Blockchain, Digitization, Fintech, Payments, Regulation, stablecoins, Tokenization | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Danil Sereda | Circle Internet Group, Inc. | Financials | Capital Markets | Bull | NYSE | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Multiplo Invest | Circle | Financials | Capital Markets | Bear | NYSE | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Bears of Wall Street | Circle Internet Group | Financials | Capital Markets | Bear | NYSE | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Sophos Research | Circle Internet Group | Financials | Capital Markets | Bear | NYSE | — | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| Chase Coleman III | Tiger Global Management | $29.7B | $39.7M | 0.13% | 500,000 | +375,000 | +300.00% | 0.2468% |
| Tim Campbell | Baillie Gifford | $120.3B | $14.8M | 0.01% | 186,337 | +463 | +0.25% | 0.0920% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $4.9M | 0.01% | 61,255 | +114,700 | +358.44% | 0.0302% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $20.2M | 0.02% | 254,675 | +194,675 | +324.46% | 0.1257% |
| Masayoshi Son | SoftBank Group | $15.5B | $7.6M | 0.05% | 95,659 | +95,659 | +100.00% | 0.0472% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $1.9M | 0.00% | 24,000 | -10,000 | -29.41% | 0.0118% |
| Israel Englander | Millennium Management LLC | $233.2B | $10.3M | 0.00% | 130,197 | +108,453 | +498.77% | 0.0643% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $100.3M | 0.15% | 1,265,213 | +1,240,533 | +5026.47% | 0.6244% |
| Cliff Asness | AQR Capital Management | $190.6B | $717,428 | 0.00% | 9,047 | +9,047 | +100.00% | 0.0045% |
| George Soros | Soros Fund Management | $6.8B | $4.1M | 0.06% | 51,707 | -150,758 | -74.46% | 0.0255% |
| Rich Handler | Jefferies | $19.3B | $319,103 | 0.00% | 4,024 | +2,314 | +135.32% | 0.0020% |