# ParaFi Capital LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1919332. Source: https://holderbook.com/funds/1919332-parafi-capital-lp/

- Reported value: $361.2M
- Positions: 24
- Weight of the ten largest: 93.4%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $74.8M | 0 | 20.7% | 6 |
| BITWISE BITCOIN ETF TR | [BITB](https://holderbook.com/stocks/BITB/) | $54.2M | 1,700,000 | 15.0% | 5 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $53.6M | 1,050,000 | 14.8% | 7 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $50.5M | 1,517,172 | 14.0% | 7 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $25.1M | 250,000 | 6.9% | 3 |
| BITMINE IMMERSION TECHS INC | [BMNR](https://holderbook.com/stocks/BMNR/) | $19.0M | 235,000 | 5.3% | 1 |
| CIRCLE INTERNET GROUP INC | [CRCL](https://holderbook.com/stocks/CRCL/) | $18.8M | 300,000 | 5.2% | 3 |
| GEMINI SPACE STA INC | [GEMI](https://holderbook.com/stocks/GEMI/) | $14.6M | 3,428,888 | 4.0% | 2 |
| GRAYSCALE BITCOIN MINI TR ET | [BTC](https://holderbook.com/stocks/BTC/) | $13.5M | 520,000 | 3.7% | 7 |
| STRATEGY INC | [STRK](https://holderbook.com/stocks/STRK/) | $13.4M | 228,319 | 3.7% | 4 |
| CIRCLE INTERNET GROUP INC | [CRCL](https://holderbook.com/stocks/CRCL/) | $5.9M | 0 | 1.6% | 2 |
| SKYAI INC | [SKYA](https://holderbook.com/stocks/SKYA/) | $2.4M | 2,150,180 | 0.7% | 2 |
| CORE SCIENTIFIC INC NEW | [CORZ](https://holderbook.com/stocks/CORZ/) | $2.2M | 85,555 | 0.6% | 7 |
| STRATEGY INC | - | $2.0M | 2,000,000 | 0.6% | 1 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $2.0M | 13,484 | 0.5% | 7 |
| BITGO HOLDINGS INC | [BTGO](https://holderbook.com/stocks/BTGO/) | $1.9M | 374,400 | 0.5% | 1 |
| STRATEGY INC | - | $1.7M | 2,000,000 | 0.5% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.5M | 1,961 | 0.4% | 1 |
| AVALANCHE TREAS CORP | - | $1.4M | 2,802,748 | 0.4% | 1 |
| STABLECOINX INC | [USDEW](https://holderbook.com/stocks/USDEW/) | $1.1M | 411,900 | 0.3% | 1 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $883.3K | 0 | 0.2% | 1 |
| FORWARD INDUSTRIES INC | [FWDI](https://holderbook.com/stocks/FWDI/) | $684.3K | 162,164 | 0.2% | 2 |
| DEFI DEVELOPMENT CORP | [DFDVW](https://holderbook.com/stocks/DFDVW/) | $5.8K | 21,634 | 0.0% | 1 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $87 | 1 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -11.8% | +14.8% | -26.6% | 94% |
| Q1 2026 | -21.4% | -4.6% | -16.7% | 99% |
| Q4 2025 | -28.9% | +2.4% | -31.3% | 99% |
| Q3 2025 | +14.5% | +7.8% | +6.7% | 97% |
| Q2 2025 | +47.3% | +10.5% | +36.9% | 100% |
| Q1 2025 | -19.7% | -4.6% | -15.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $361.2M | 24 |
| Q1 2026 | $462.0M | 22 |
| Q4 2025 | $358.4M | 16 |
| Q3 2025 | $461.4M | 13 |
| Q2 2025 | $548.1M | 14 |
| Q1 2025 | $206.8M | 11 |
| Q4 2024 | $419.6M | 11 |