ParaFi Capital LP
Long book
$313.6M
Q1 2026
Positions
17
Top-10 weight
95%
concentration
Last quarter
-5.5%
SPY +14.8%
Turnover
52%
of book per quarter
Strategy in plain words
auto-generated from filingsParaFi Capital LP is a wealth-management firm allocating client money, specialised in financials (97% of the long book), running a $313.6M US long book across 17 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: BITWISE BITCOIN ETF, FIDELITY WISE ORIGIN BITCOIN, ISHARES BITCOIN TRUST ETF, STRATEGY INC, SHARPLINK INC.
Over the last 6 quarters its long book ran on average 6.8pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-19.8%
Q1 2025
+47.3%
Q2 2025
+14.0%
Q3 2025
-27.4%
Q4 2025
-21.9%
Q1 2026
-5.5%
Sector allocation
Financials 69%
Other 27%
Technology 3%
Healthcare 2%
Long book by quarter
What does ParaFi Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSTR 8 PERP STRATEGY INC | — | 430.6K | $30.4M | 9.7% | +114.9% |
| SBET SHARPLINK INC | Financials | 3.9M | $25.2M | 8.0% | Held |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 165.0K | $15.7M | 5.0% | +1550.0% |
| ASST STRIVE INC-A | Financials | 156.9K | $15.6M | 5.0% | New |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 110.5K | $7.6M | 2.4% | +121.0% |
| CORZ CORE SCIENTIFIC INC | Financials | 510.0K | $7.6M | 2.4% | -54.5% |
| CRWV COREWEAVE INC-CL A | Technology | 37.0K | $2.9M | 0.9% | New |
| GEMI GEMINI SPACE STATION INC-A | Financials | 646.1K | $2.9M | 0.9% | New |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 13.0K | $2.3M | 0.7% | 0.0% |
| SKYA SKYAI INC | Healthcare | 1.1M | $1.9M | 0.6% | New |
| FWDI FORWARD INDUSTRIES INC | Financials | 162.2K | $718K | 0.2% | New |
| TONX TON STRATEGY CO | Financials | 50.4K | $124K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 22 | $462.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 16 | $358.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 13 | $461.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 14 | $548.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 11 | $206.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 11 | $419.6M | canonical | SEC ↗ |