13FPulse
WU

WULF TERAWULF INC

2026Q2 · CUSIP 88080T104 · Neocloud · Sector: Financials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
485
Institutions that reported holding it to the SEC
Net increase in holders
+42
Last quarter 443 → now 485
How unusual is that
Top 10%
Stronger buying than 93% of US stocks
What the filings say, in one paragraph

485 funds held WULF at the end of 2026Q2, up 42 from the quarter before. That is stronger buying than 93.2% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $165M. WULF has had 11 buying rushes in its history, and the price moved +51.0% 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, tagged Neocloud.

How many funds owned it, quarter by quarter

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

2022Q1: holders=50 2022Q2: holders=70 2022Q3: holders=63 2022Q4: holders=58 2023Q1: holders=72 2023Q2: holders=71 2023Q3: holders=98 2023Q4: holders=110 2024Q1: holders=128 2024Q2: holders=202 2024Q3: holders=219 2024Q4: holders=261 2025Q1: holders=271 2025Q2: holders=272 2025Q3: holders=325 2025Q4: holders=406 2026Q1: holders=443 2026Q2: holders=485 -81 -40.5 +0 +40.5 +81 45278510 22Q122Q323Q123Q324Q124Q325Q125Q326Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 11 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10%
2026Q1 Top 10% +5.1%
2025Q4 Top 5% +7.1% +39.8%
2025Q3 Top 5% +23.3% +40.0%
2024Q4 Top 20% -38.8% -20.1%
2024Q2 Top 5% +7.4% +72.5%
2024Q1 Top 20% +186.2% +123.1%
2023Q3 Top 5%

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
195
Change in large funds
+31
Total value they hold
$9.5B
Funds buying for the first time
125
Funds that sold out entirely
83
Price change that quarter
-28.4%
Funds holding puts (bearish)
33
Funds holding calls (bullish)
41

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)
$-4.40
EPS YoY
Revenue (TTM)
$0.2B
Revenue YoY
Net margin
ROE
Debt ratio
98.2%
FCF (TTM)
-$2.5B
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-06-30: EPS -0.05 2021-09-30: EPS -0.07 2022-03-31: EPS -0.18 2022-06-30: EPS -0.14 2022-09-30: EPS -0.32 2022-12-31: EPS -0.18 2023-03-31: EPS -0.16 2023-06-30: EPS -0.08 2023-09-30: EPS -0.09 2023-12-31: EPS -0.02 2024-03-31: EPS -0.03 2024-06-30: EPS -0.03 2024-09-30: EPS -0.06 2024-12-31: EPS -0.09 2025-03-31: EPS -0.16 2025-06-30: EPS -0.05 2025-09-30: EPS -1.13 2025-12-31: EPS -0.32 2026-03-31: EPS -1.01 2026-06-30: EPS -1.94 0M 25M 51M $M -2.13 -1.07 0.00 201720182019202020212022202320242025202606/26 Revenue EPS

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

Quarterly free cash flow
-703M-351M559K 20162017201820192020202120222023202420252026
Latest quarter $-541M (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)

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