Terawulf Inc (WULF) — Who's Buying and Selling (13F, Q2 2026)

WULF ranks #1154 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

WULF is a disclosed holding of Ken Griffin (Citadel Advisors LLC), one of the tracked superinvestors on AlphaSMO — it makes up 0.1% of that fund's own 13F portfolio.

WULF is a top-conviction position for Scoggin Management LP — at 53.3% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in WULF belongs to Citadel Advisors LLC, but the position matters far more to Scoggin Management LP, who has 53.3% 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.

Two Seas Capital LP has added to its WULF position for two straight quarters, increasing it by $70.1M to reach $128.2M today.

Hardin Capital Partners, LLC has trimmed its WULF position for two straight quarters, cutting it by $35.2K while still holding $325.6K.

WULF is down 12.6% today, but institutions show net buying of $3.5B this quarter — a divergence between today's price move and the underlying institutional flow.

WULF reported a net loss of $1.9B over the trailing twelve months.

• Not yet profitable — net loss of $1.9B over the trailing twelve months
• Revenue grew 14.6% year over year
• Net income declined year over year, from -$131.7M to -$1.9B
• Operating cash flow was negative, using $123.2M in cash
• Current ratio of 2.00x — enough short-term assets to cover short-term liabilities
• Liabilities run 45.70x equity — a highly leveraged balance sheet worth noting