SEC’s Q2 13F deadline on August 14 brought Wall Street’s crypto positions back into view, and the data showed a clear mismatch with price action. Bitcoin fell about 14.2% in the quarter, yet reported institutional BTC holdings rose 7.5% to about 536,000 coins, even as total ETF holdings declined. Bank-level filings were even more striking: Morgan Stanley and JPMorgan both expanded ETH exposure faster than BTC, while several firms shifted from spot holdings into options. The quarter also showed growing divergence in crypto-linked equities, with Strategy, Circle, Coinbase, and Robinhood drawing very different allocation decisions. Some institutions kept adding, others paused, and a few were already rotating into new products such as Solana and XRP funds.

A cluster of premarket developments on Aug. 18 drew attention across U.S. equities and crypto-linked circles. Premarket trading turned weaker across the three major U.S. stock indexes, as well as storage and optical communications names, after renewed focus on Anthropic’s annualized revenue run rate. Bloomberg had previously reported that Anthropic’s run rate stood at about $65 billion as of the end of July, below some third-party data points and bullish AI-sector expectations that had pointed to more than $80 billion. The gap fueled concern that growth may be losing momentum. Separate filings-based data showed that in the first half of 2026, more than a dozen family offices collectively held at least $3.8 billion worth of SpaceX shares. Prediction markets were also pricing a 55% chance that Tesla and SpaceX merge before 2027. Elsewhere, Meta Platforms was set to face trial Tuesday local time in a major case involving alleged harm to child safety and privacy violations. Super League rose more than 20% in premarket trading after receiving a 2,100 BTC capital injection from Metaplanet plus an additional $2.5 million in cash, with Metaplanet expected to own about 95.7% of Superplanet after the deal closes. Bank of America’s latest global fund manager survey showed equity allocations at their highest level in nearly five years, while Goldman Sachs announced an agreement to acquire LCN Capital Partners.

Hyperliquid Strategies, traded on Nasdaq under the ticker PURR, was added to the Russell 3000 and Russell 2000 on June 30 after previously entering the S&P Global BMI Index. Following those index milestones and the launch of HYPE-related ETFs, newly disclosed 13F filings show a wider group of institutions either initiating or increasing positions in PURR, which Odaily frames as an indirect route to HYPE token and Hyperliquid ecosystem exposure. The filings highlight several notable holders. Duquesne, Stanley Druckenmiller’s family office, disclosed a $23 million stake. Renaissance Technologies reported roughly 2.4 million shares worth about $18.7 million. Slate Path Capital held around 2.7 million shares valued at about $21.4 million, while Discovery Capital Management disclosed roughly $10.3 million. Balyasny Asset Management held about $3 million, and Brazil-based Wealth High Governance Capital reported PURR accounting for about 1.82% of its portfolio, valued near $17.1 million. Odaily also points to passive buying after PURR’s index inclusion. Vanguard added about 843,000 shares in the second quarter, and Nuveen added about 1.07 million shares. MarketBeat data cited in the article put total institutional buying of PURR in Q2 2026 at about $142 million. The piece argues that interest in PURR has broadened from early crypto arbitrage firms to quant funds, hedge funds, and traditional Wall Street institutions.

This earnings season, crypto treasury companies posted bruising results: Strategy lost $8.22 billion in Q2, Strive lost $258 million, Sharplink lost $394 million, Metaplanet lost 182.8 billion yen in the first half, and Bitmine's nine-month net loss topped $9 billion. Combined Q2 losses came to about $10 billion, yet several names rallied anyway. The article argues that the market has already priced in the losses and is now focusing on one metric: how much crypto each share represents. Strategy raised $8.4 billion in Q2, repurchased $1.5 billion of convertible debt at a discount, and increased cash reserves to $3.75 billion. Sharplink sold shares above NAV and bought back stock. Metaplanet tightened capital rules around mNAV. The common thread is discipline: these firms are now managing toward higher per-share crypto exposure rather than headline growth. The new funding tools built around perpetual preferred stock, such as STRC, SATA, BMNP and Metaplanet's BitBonds plan, are spreading the model across the sector. Premiums are falling, but the structure may stay. Once the narrative is stripped away, DATs look more like actively managed thematic funds with embedded financing tools, and the market is treating them that way.

Harvard University’s endowment stopped cutting its Bitcoin ETF exposure in the second quarter of 2026, according to its latest 13F filing cited by The Block. As of June 30, Harvard Management Company held 3,044,612 shares of BlackRock’s iShares Bitcoin Trust (IBIT), worth about $101.4 million, unchanged from the prior quarter. The move ended two straight quarters of reductions after Harvard trimmed the position by 21% in the fourth quarter of 2025 and by another 43% in the first quarter of 2026. IBIT ranked 11th among Harvard’s 19 disclosed holdings and made up 2.4% of its $4.26 billion reported portfolio. The value of the stake fell by roughly $15.6 million during the quarter because of IBIT’s price decline, not because Harvard sold shares. Harvard’s gold-related holdings were larger, with combined exposure to the iShares Gold Trust and SPDR Gold Trust at about $171.2 million. Other U.S. university funds also mostly stood still in the second quarter. Dartmouth, Brown University and the University of Illinois Foundation all kept their disclosed crypto-related positions unchanged. Outside the university segment, institutional activity was more mixed, with Mubadala and the Abu Dhabi Investment Council holding steady while Morgan Stanley reduced IBIT and JPMorgan increased both its IBIT and BlackRock Ethereum ETF positions.

Second-quarter 13F filings showed fresh portfolio moves by veteran investor Duan Yongping. According to a report cited by PANews from Red Star News, H&H International Investment, the firm managed by Duan, held positions in 18 companies as of the end of the second quarter of 2026, with a total portfolio value of $19.101 billion, or about RMB 130 billion. That was down from roughly $20 billion at the end of the first quarter. Apple, Berkshire Hathaway Class B, and PDD remained the fund’s three largest holdings. Apple was valued at about $7.84 billion and accounted for 41.05% of the portfolio. Berkshire Hathaway Class B stood at about $4.62 billion, or 24.18%, while PDD was worth about $1.91 billion, or 9.99%. Compared with the end of the first quarter, Duan cut 1.8469 million Apple shares. In the second quarter, he also reduced NVIDIA by 7.5631 million shares and cut Alphabet by more than 1.7 million shares. He fully exited Taiwan Semiconductor Manufacturing Co. and cloud security company CRWD. On the buy side, he added 5.2738 million PDD shares, lifting that position by 26.71% from the prior quarter, and he also re-entered Alibaba with a new position of 301,400 shares valued at about $28.93 million at quarter-end.

UBS Group’s latest 13F filing with the U.S. Securities and Exchange Commission showed a steep rise in its call option exposure to BlackRock’s iShares Bitcoin Trust (IBIT), with the position increasing from about 80,000 shares to 1.95 million shares in a single quarter. The filing also showed that UBS increased its direct IBIT holdings by 12% over the same period, while its put option position fell 53%. The report also stressed that 13F filings have clear limits and should not be read in isolation. These disclosures show purchased options but not written ones, do not clarify whether positions belong to the bank itself or to client accounts, and provide no detail on the purpose of the trades. A position could reflect hedging activity or market-making rather than a straightforward directional bet. On that basis, the report said investors should be careful when interpreting the filing and avoid drawing conclusions from incomplete data alone.

Berkshire Hathaway’s second-quarter 13F filing, its second since Warren Buffett stepped down as CEO, showed a notable reshuffling of the firm’s U.S. equity portfolio. As of the end of the quarter, the portfolio was valued at about $299.3 billion, up 12.09% from roughly $263.1 billion at the end of the first quarter. During the period, Berkshire opened one new position, added to seven holdings, trimmed six, and exited one stock entirely. The filing shows Berkshire leaning more heavily into Alphabet, housing-related names and airlines, while continuing to reduce exposure to traditional financial stocks and some consumer holdings. On a combined basis, Alphabet’s Class A and Class C shares rose to Berkshire’s third-largest holding, behind Apple and American Express, and ahead of Coca-Cola. Bank of America was the only top-10 holding that Berkshire reduced in the quarter, marking the second consecutive quarter of cuts. Outside the largest positions, Berkshire increased its stakes in Delta Air Lines, Lennar, Macy’s and The New York Times. It also initiated a small position in D.R. Horton and fully exited Constellation Brands after sharply reducing that position in the first quarter.