Galaxy Digital Capital Management GP LLC
Long book
$77.7M
Q1 2026
Positions
39
Top-10 weight
61%
concentration
Last quarter
+55.9%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsGalaxy Digital Capital Management GP LLC is a concentrated fundamental stock-picker, running a $77.7M US long book across 39 positions.
The portfolio is concentrated: the top 10 names carry 61% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: RIOT PLATFORMS INC, CIPHER DIGITAL INC, BITFARMS LTD/CANADA, CLEANSPARK INC, DATADOG INC - CLASS A.
Over the last 6 quarters its long book ran on average 18.4pp per quarter ahead of the S&P 500, beating the index in 4 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-21.9%
Q1 2025
+69.0%
Q2 2025
+39.4%
Q3 2025
-8.6%
Q4 2025
+4.2%
Q1 2026
+55.9%
Sector allocation
Financials 51%
Technology 28%
Other 10%
Services media 6%
Industrials 5%
Utilities 0%
Materials 0%
Long book by quarter
What does Galaxy Digital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RIOT RIOT PLATFORMS INC | Financials | 793.5K | $9.8M | 12.6% | +28.1% |
| CIFR CIPHER DIGITAL INC | Financials | 505.5K | $6.5M | 8.4% | +69.8% |
| 1B2 BITFARMS LTD/CANADA | — | 3.1M | $6.0M | 7.7% | +63.0% |
| CLSK CLEANSPARK INC | Financials | 634.2K | $5.4M | 6.9% | +25.2% |
| DDOG DATADOG INC - CLASS A | Technology | 30.5K | $3.6M | 4.6% | New |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 51.9K | $3.6M | 4.6% | +254.8% |
| WULF TERAWULF INC | Financials | 234.0K | $3.4M | 4.3% | +101.1% |
| HUT HUT 8 CORP | Financials | 70.9K | $3.3M | 4.3% | +151.6% |
| MU MICRON TECHNOLOGY INC | Technology | 8.7K | $2.9M | 3.8% | -48.4% |
| MSFT MICROSOFT CORP | Technology | 7.7K | $2.9M | 3.7% | New |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 6.9K | $2.7M | 3.4% | New |
| MA MASTERCARD INC - A | Services media | 4.4K | $2.2M | 2.8% | +42.4% |
| V VISA INC-CLASS A SHARES | Services media | 7.2K | $2.2M | 2.8% | +42.1% |
| VRT VERTIV HOLDINGS CO-A | Technology | 8.6K | $2.2M | 2.8% | -58.5% |
| JPM JPMORGAN CHASE & CO | Financials | 6.8K | $2.0M | 2.6% | +0.9% |
| AMAT APPLIED MATERIALS INC | Technology | 5.5K | $1.9M | 2.4% | -35.6% |
| ADBE ADOBE INC | Technology | 7.4K | $1.8M | 2.3% | +95.5% |
| BLK BLACKROCK INC | Financials | 1.8K | $1.8M | 2.3% | +1.2% |
| MS MORGAN STANLEY | Financials | 9.9K | $1.6M | 2.1% | +1.0% |
| CRM SALESFORCE INC | Technology | 7.5K | $1.4M | 1.8% | New |
| APH AMPHENOL CORP-CL A | Technology | 10.4K | $1.3M | 1.7% | New |
| LRCX LAM RESEARCH CORP | Industrials | 5.9K | $1.3M | 1.6% | -27.7% |
| WLAC WILLOW LANE ACQUISITION-CL A | — | 110.0K | $1.2M | 1.5% | +4.4% |
| POWL POWELL INDUSTRIES INC | Industrials | 2.0K | $1.1M | 1.4% | -58.0% |
| NVT NVENT ELECTRIC PLC | Industrials | 9.1K | $1.1M | 1.4% | +1.7% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 3.1K | $541K | 0.7% | New |
| FCX FREEPORT-MCMORAN INC | Materials | 2.8K | $166K | 0.2% | New |
| HUBB HUBBELL INC | Technology | 303 | $149K | 0.2% | New |
| FLS FLOWSERVE CORP | Industrials | 1.6K | $118K | 0.2% | New |
| LNT ALLIANT ENERGY CORP | Utilities | 1.2K | $84K | 0.1% | New |
| TSLA TESLA INC | Industrials | 190 | $71K | 0.1% | New |
| AEP AMERICAN ELECTRIC POWER | Utilities | 528 | $69K | 0.1% | New |
| COHR COHERENT CORP | Other | 281 | $67K | 0.1% | New |
| TH TARGET HOSPITALITY CORP | Services media | 7.2K | $67K | 0.1% | New |
| ETR ENTERGY CORP | Utilities | 566 | $64K | 0.1% | New |
| LEU CENTRUS ENERGY CORP-CLASS A | Materials | 68 | $12K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 54 | $94.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Mar 24, 2026 | 47 | $96.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Mar 24, 2026 | 40 | $137.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Mar 24, 2026 | 41 | $121.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Mar 24, 2026 | 39 | $88.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Mar 24, 2026 | 40 | $173.8M | canonical | SEC ↗ |
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