Circle Internet Group Inc (CRCL) SEC 13F Holdings (Q2 2026) — Net Institutional Activity: $1.8B

CRCL ranks #990 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

CRCL is a disclosed holding of Jane Street (Jane Street Group), one of the tracked superinvestors on AlphaSMO — it makes up 0.1% of that fund's own 13F portfolio.

CRCL is a top-conviction position for IDG-Accel China Capital II Associates L.P. — at 100.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in CRCL belongs to Susquehanna International Group, LLP, but the position matters far more to IDG-Accel China Capital II Associates L.P., who has 100.0% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Morgan Stanley has added to its CRCL position for two straight quarters, increasing it by $405.0M to reach $520.8M today.

Marshall Wace, LLP has trimmed its CRCL position for two straight quarters, cutting it by $609.6M while still holding $181.7M.

CRCL is down 6.4% today, but institutions show net buying of $1.8B this quarter — a divergence between today's price move and the underlying institutional flow.

CRCL posted net income of $451.3M over the trailing twelve months, and currently trades at a P/E of 31.5.

• Profitable — net income of $451.3M over the trailing twelve months
• Revenue grew 196.5% year over year
• Net income improved year over year, from -$343.2M to $451.3M
• Generated $542.1M in positive operating cash flow
• Current ratio of 1.03x — below the conventional 1.5x liquidity buffer
• Liabilities run 22.64x equity — a highly leveraged balance sheet worth noting