Mara Holdings Inc (MARA) Institutional Investor Snapshot (432 Funds, Q2 2026)

MARA ranks #1404 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

MARA is a top-conviction position for Bitwise Funds Trust — at 5.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in MARA belongs to BlackRock, Inc., but the position matters far more to Bitwise Funds Trust, who has 5.5% 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.

California State Teachers Retirement System has added to its MARA position for two straight quarters, increasing it by $402.3M to reach $405.3M today.

Parallax Volatility Advisers, L.P. has trimmed its MARA position for two straight quarters, cutting it by $15.6M while still holding $31.2M.

MARA is up 0.9% today, and institutions have been net buyers of $469.7M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

MARA reported a net loss of $3.5B over the trailing twelve months.

• Not yet profitable — net loss of $3.5B over the trailing twelve months
• Revenue grew 6.0% year over year
• Net income declined year over year, from $678.3M to -$3.5B
• Operating cash flow was negative, using $802.7M in cash
• Current ratio of 1.27x — below the conventional 1.5x liquidity buffer
• Liabilities run 2.10x equity — a highly leveraged balance sheet worth noting