13FPulse
CI

CIFR CIPHER DIGITAL INC

2026Q2 · CUSIP 17253J106 · Sector: Financials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
458
Institutions that reported holding it to the SEC
Net increase in holders
+90
Last quarter 368 → now 458
How unusual is that
Top 5%
Stronger buying than 98% of US stocks
What the filings say, in one paragraph

458 funds held CIFR at the end of 2026Q2, up 90 from the quarter before. That is stronger buying than 97.8% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $191M(YoY +20.3%), return on equity is -199.2%. CIFR has had 9 buying rushes in its history, and the price moved +36.1% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2021Q4: holders=81 2022Q1: holders=75 2022Q2: holders=78 2022Q3: holders=77 2022Q4: holders=78 2023Q1: holders=69 2023Q2: holders=85 2023Q3: holders=79 2023Q4: holders=116 2024Q1: holders=125 2024Q2: holders=152 2024Q3: holders=165 2024Q4: holders=201 2025Q1: holders=197 2025Q2: holders=222 2025Q3: holders=297 2025Q4: holders=355 2026Q1: holders=368 2026Q2: holders=458 -90 -45 +0 +45 +90 62272481 21Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 9 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5%
2025Q4 Top 10% +23.3%
2025Q3 Top 5% +10.1% +35.7%
2025Q2 Top 20% +137.4% +154.9%
2024Q4 Top 20% -36.3% -0.2%
2024Q2 Top 10% +67.2% +56.8%
2023Q4 Top 20% +1.9% +5.6%
2023Q2 Top 20%
2021Q4 Top 20% -42.9% -36.4%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
196
Change in large funds
+38
Total value they hold
$8.8B
Funds buying for the first time
136
Funds that sold out entirely
46
Price change that quarter
-20.6%
Funds holding puts (bearish)
31
Funds holding calls (bullish)
40

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-2.85
EPS YoY
Revenue (TTM)
$0.2B
Revenue YoY
+20.3%
Net margin
ROE
-199.2%
Debt ratio
92.2%
FCF (TTM)
-$1.5B
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-06-30: EPS 0.00 2021-09-30: EPS -0.01 2022-03-31: EPS -0.07 2022-06-30: EPS -0.12 2022-09-30: EPS 0.24 2022-12-31: EPS -0.21 2023-03-31: EPS -0.02 2023-06-30: EPS -0.05 2023-09-30: EPS -0.07 2023-12-31: EPS 0.04 2024-03-31: EPS 0.13 2024-06-30: EPS -0.05 2024-09-30: EPS -0.26 2024-12-31: EPS 0.04 2025-03-31: EPS -0.11 2025-06-30: EPS -0.12 2025-09-30: EPS -0.01 2025-12-31: EPS -1.91 2026-03-31: EPS -0.28 2026-06-30: EPS -0.65 0M 36M 72M $M -2.10 -0.92 0.26 20212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
22 51 81 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-462M-230M3M 20222023202420252026
Latest quarter $-462M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.