Multicoin Capital Management, LLC
Long book
$75.9M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
+39.7%
SPY +14.8%
Turnover
83%
of book per quarter
Strategy in plain words
auto-generated from filingsMulticoin Capital Management, LLC is an institutional manager, specialised in financials (100% of the long book), running a $75.9M US long book across 3 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ROBINHOOD MARKETS INC - A, BITWISE SOLANA STAKING ETF, FORWARD INDUSTRIES INC.
Over the last 9 quarters its long book ran on average 6.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-16.0%
Q2 2024
-14.1%
Q3 2024
+41.2%
Q4 2024
-25.2%
Q1 2025
+30.2%
Q2 2025
+5.8%
Q3 2025
-49.9%
Q4 2025
-30.1%
Q1 2026
+39.7%
Sector allocation
Financials 100%
Long book by quarter
What does Multicoin Capital own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 3 | $75.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 4 | $114.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 3 | $274.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 2 | $124.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 2 | $95.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 3 | $374.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 3 | $264.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Feb 14, 2025 | 1 | $374K | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 2 | $307.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | Feb 14, 2025 | 1 | $337K | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 2 | $300.6M | canonical | SEC ↗ |