DOSSIER · 13F Holders · Q1 2026Financial Services · Finance Services
CRCL

CIRCLE INTERNET GROUP INC

556 institutions still hold CIRCLE INTERNET GROUP INC as of Q1 2026. Tracked across SEC 13F-HR filings, with insider and 13D/G activity surfaced alongside.

CUSIP 172573107·Finance Services·556 13F holders·last filed Mar 31, 2026
Market cap
13F value held
$9.9B
visible holders
Holders
556
filers reporting
Concentration
13.82%
JANE STREET GROUP, LLC #1
top holder share
AI Holders Summary · Q1 2026

Circle Internet Group Inc. (CRCL, CUSIP 172573107) entered Q1 2026 with $12.8B of institutional 13F value across 514 holders — an institutional footprint that reflects the company's structural identity as the issuer of USDC (USD Coin), the second-largest U.S.-domiciled stablecoin by market capitalization, and a publicly listed vehicle whose revenue model (interest income on reserve assets, transaction fees, API and infrastructure licensing) converts cryptocurrency-market-size into regulated, audited, dollar-denominated cash flows. The defining Q1 signal: Jane Street Group added $953M in what is one of the largest single-quarter institutional additions in this cycle, a conviction move at a size that indicates Jane Street views USDC market-share expansion and Circle's regulated-entity structure as a durable, non-speculative revenue driver rather than a crypto-trade vehicle. Accel XI Associates (early-stage venture) reduced $351M consistent with lockup-expiry or venture-fund rotation into the listed era. For smart-money trackers, CRCL's Q1 profile is the canonical institutionalization-of-crypto-payments signal: Circle's regulated stablecoin infrastructure is attracting the same manager category (Jane Street, high-conviction systematic/quantamental) that previously treated crypto-exposure as a venture or thematic allocation rather than as a payments-adjacent financial infrastructure holding.

Q1 2026 context: USDC market capitalization has established a structural floor post-2023 regulatory clarity (FIT21 framework discussion in U.S., MiCA in EU). Circle's reserve composition (short-duration Treasuries) generates interest income in the rate environment of 2024-2026. Revenue model is more akin to a payments processor or narrow bank than to a crypto exchange.

Jane Street +$953M: extraordinary conviction level. Jane Street is a market-maker/quantitative broker that does not build $953M positions lightly — this implies a multi-year structural thesis on USDC adoption and Circle's regulatory positioning.

Top holders

Sorted by position value. Source: SEC EDGAR 13F-HR filings.

#HolderValueShares% port.Quarter
01
JANE STREET GROUP, LLC
CIK 0001595888· Market maker
$1.4B14.4M0.18%Q1 2026
02
SUSQUEHANNA INTERNATIONAL GROUP, LLP
CIK 0001446194· Market maker
$1.2B12.2M0.13%Q1 2026
03
IDG China Capital Fund III Associates L.P.
CIK 0001649614
$859M9.0M98.93%Q1 2026
04
MARSHALL WACE, LLP
CIK 0001318757
$791M10.0M0.72%Q4 2025
05
CITADEL ADVISORS LLC
CIK 0001423053
$688M8.7M0.10%Q4 2025
06
IDG-Accel China Capital II Associates L.P.
CIK 0001535769
$667M7.0M100.00%Q1 2026
07
Vanguard Portfolio Management
CIK 0002100121· Index
$524M5.5M0.03%Q1 2026
08
BlackRock, Inc.
CIK 0002012383
$483M5.1M0.01%Q1 2026
09
MORGAN STANLEY
CIK 0000895421
$475M5.0M0.03%Q1 2026
10
VANGUARD CAPITAL MANAGEMENT LLC
CIK 0002100119· Index
$440M4.6M0.01%Q1 2026
11
ARK Investment Management LLC
CIK 0001697748
$430M4.5M3.35%Q1 2026
12
Southpoint Capital Advisors LP
CIK 0001319998
$315M3.3M6.48%Q1 2026
13
UBS Group AG
CIK 0001610520
$281M2.9M0.04%Q1 2026
14
Sumitomo Mitsui Trust Group, Inc.
CIK 0001475365
$278M2.9M0.18%Q1 2026
15
Amova Asset Management Americas, Inc.
CIK 0001480751
$278M2.9M3.93%Q1 2026
16
Clear Street Group Inc.
CIK 0001881567
$185M1.9M0.75%Q1 2026
17
CITIGROUP INC
CIK 0000831001
$176M1.8M0.08%Q1 2026
18
RENAISSANCE TECHNOLOGIES LLC
CIK 0001037389
$171M1.8M0.27%Q1 2026
19
BANK OF AMERICA CORP /DE/
CIK 0000070858
$170M1.8M0.01%Q1 2026
20
Walleye Trading LLC
CIK 0001388391
$163M1.7M0.27%Q1 2026
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Insiders at CIRCLE INTERNET GROUP INC
Chandhok NikhilAllaire JeremyHorowitz Bradley