Institutional Investors' Sentiment on Marathon Digital Holdings Revealed

2024-03-12

Marathon Digital Holdings (MARA) was under close scrutiny by both hedge funds and ETFs in the last quarter. At that time, 273 hedge funds collectively held 152,968,554 shares of MARA, while 17 ETFs owned 9,094,790 shares of the company.

During the quarter, 137 hedge funds were actively buying MARA shares, indicating a positive sentiment towards the company. Conversely, 65 hedge funds were selling their positions. Interestingly, 44 hedge funds decided to double down on their holdings of MARA, reflecting a heightened level of confidence in the company. However, 5 hedge funds opted to sell off at least 90% of their MARA shares, signaling a lack of faith in the stock.

Among the top institutional holders of MARA were Vanguard Group Inc. and BlackRock Inc., both of which held substantial shares in the company. Notably, Jane Street Group, LLC, and Susquehanna International Group, LLP were among the most optimistic institutions regarding MARA, while Morgan Stanley and Citadel Advisors LLC were more pessimistic about the company's prospects.

This insightful data, obtained from sharkstracker.com, offers a data-driven perspective on the market, empowering investors to make well-informed decisions based on the activities of hedge funds and ETFs in relation to Marathon Digital Holdings.