Original|Odaily Planet Daily(@OdailyChina)
Author|Wenser(@wenser 2010 )
On June 30th, Hyperliquid Strategies (PURR), HYPE's treasury company, was officially included in the Russell 3000 and Russell 2000 indexes. Earlier, PURR had already been added to the S&P Global BMI Index. Following the listing of HYPE-related ETFs, this milestone achievement is also seen as further evidence of Wall Street investment institutions laying out positions in HYPE tokens and the Hyperliquid ecosystem.
Recently, with the disclosure of the latest 13F filings, more information about investment institutions either buying or increasing their stakes in PURR for the first time has emerged. Odaily Planet Daily uses this as a clue to explore the representative institutions in the industry that are indirectly increasing their HYPE exposure. (Note: The total value of stock holdings below is calculated based on PURR's stock price as of June 30th.)
Those Wall Street Institutions and Family Offices Actively Buying: Druckenmiller Family Office, Renaissance Fund Prominently Listed
Let's start with the hedge funds and family offices that actively bought or increased their stakes in PURR.
Druckenmiller Family Office Duquesne: Holds $23 Million Worth of PURR Stock
The Q2 2026 13F filing submitted to the SEC by the Druckenmiller Family Office, Duquesne, shows that as of June 30th, Duquesne disclosed for the first time holding $23 million worth of shares in HYPE's treasury company, Hyperliquid Strategies Inc. (Nasdaq code: PURR). The institution currently manages approximately $5.2 billion in assets.
The founder of this institution is Stanley Druckenmiller, one of Wall Street's most renowned macro investors, who created a record of 30 consecutive years without losses. He came from George Soros's Quantum Fund, where he served as chief trader, shining brightly during the classic "Soros broke the Bank of England" trade in 1992.
Furthermore, the current Federal Reserve Chair, Wallis, previously worked at the Duquesne Family Office. Before his appointment, his main assets exceeded $100 million, including two investments related to the Duquesne Family Office exceeding $50 million each, possibly related to his consulting work for the family office.
Renaissance Technologies: Holds $18.7 Million Worth of PURR Stock
This institution was founded by the late mathematician Jim Simons and is now led by Peter Brown, managing over $96 billion in assets. Its flagship Medallion fund is one of the most successful hedge funds in history. According to the latest 13F filing, the institution increased its stake in PURR by approximately 2.4 million shares, worth about $18.7 million.
As one of the world's most renowned quantitative hedge funds, Renaissance Technologies' quantitative algorithms and investment models have long been admired by countless market investors. Building a position in PURR indicates that the stock meets the screening standards of its algorithmic factor models and pricing efficiency.
Slate Path Capital: Holds $21 Million Worth of PURR Stock
This institution was founded by David Greenspan, a former partner and managing director at the well-known "Tiger Cub" hedge fund Blue Ridge Capital. It is a typical fundamentally-driven "Tiger Cub" fund, focusing on global stocks and macro structural opportunities. It currently manages approximately $12 billion in assets.
According to the latest 13F filing, the institution holds approximately 2.7 million shares of PURR, worth about $21.4 million.
Discovery Capital Management: Holds $10.3 Million Worth of PURR Stock
This institution was founded by Robert Citrone, also a Tiger Fund alumnus, who officially established Discovery in 1999. It currently manages approximately $3.5 billion in assets. It is known for its focus on emerging markets, foreign exchange, fixed income, and global macro hedge trading.
Its investment style is "sharp and aggressive," adept at finding excess returns in high-volatility assets. Currently, the institution holds approximately 1.3 million shares of PURR, worth about $10.3 million.
Balyasny Asset Management: Holds $3 Million Worth of PURR Stock
This asset management firm was co-founded by Dmitry Balyasny, Scott Schroeder, and Taylor O'Malley. It has approximately 2,700 employees and 24 offices globally, making it one of the world's top multi-strategy hedge funds. As of August 2026, the firm manages approximately $38 billion in assets.
Latest data shows the firm holds approximately 386,000 shares of PURR, worth about $3 million.
Wealth High Governance Capital: Holds Approximately $17.1 Million Worth of PURR Stock
This institution is an independent wealth management and asset management firm based in São Paulo, Brazil. It is not a traditional large bank-affiliated asset manager but rather a boutique asset management platform built by a group of former senior executives from the Brazilian private bank Credit Suisse around 2020. The main member driving global asset investment is the founding partner and CIO Andrew Reider, who previously worked at the Moreira Salles family office and Verde Asset Management. Currently, the institution's total investment scale is approximately $940 million; its US 13F-disclosed stock portfolio is valued at approximately $640 million.
Latest data shows that approximately 1.82% of its total portfolio consists of PURR stock, valued at approximately $17.1 million.
Apart from the above institutions, others that actively bought PURR stock include Tudor Investment Corporation, Point72, D.E. Shaw, etc. However, due to their relatively small holdings, they will not be detailed one by one here.
Passively Holding Giant Funds: Vanguard Group and Nuveen
As mentioned earlier, besides actively buying hedge funds and other institutions, benefiting from PURR's inclusion in the Russell indexes, Vanguard Group and TIAA's asset management platform Nuveen passively increased their holdings of PURR stock.
Among them, the global asset management giant Vanguard Group, with over $10 trillion in assets under management, increased its PURR holdings by approximately 843,000 shares in Q2, worth about $6.6 million; TIAA's asset management platform Nuveen, which currently manages approximately $1.4 trillion in assets and traces its origins back to 1898, increased its PURR holdings by approximately 1.07 million shares in Q2, worth about $8.4 million.
According to Marketbeat data, total institutional buying of PURR in Q2 2026 was approximately $142 million.
Other notable institutions recently disclosed to hold PURR stock include Paradigm, Bank of America, etc., with holding values typically ranging from a few hundred thousand to a few million dollars.
Of course, the disclosure date for 13F filings is June 30th, and the PURR holdings of major investment institutions may have changed to varying degrees by now. However, looking at the overall trend, PURR's institutional investors have gradually transitioned from early crypto arbitrage firms to quantitative funds, hedge funds, and traditional Wall Street financial institutions. Institutions like BlackRock, Jane Street, Geode, and Invesco have also bought in passively through index funds. In other words, HYPE token investment exposure and the Hyperliquid ecosystem have attracted increasing attention, trial investments, and even position allocations from the traditional finance industry. Even the state of Ohio in the US has indirectly achieved this by holding PURR stock. On the path to finding the "next generation of global financial infrastructure," traditional financial institutions will never sit idly by.
However, while the prospects are bright, the road is winding. Before the future arrives where Hyperliquid welcomes more global capital liquidity, the price performance of the HYPE token and the continuous development of the Hyperliquid ecosystem still have a long way to go.
Recently, Hyperliquid's "AQAv2 Revenue Sharing Mechanism," scheduled to launch on August 26th, is expected to contribute $200 million annually for HYPE buybacks. This mechanism has also received support from Circle and Coinbase. Stimulated by this positive development and the ongoing construction of the Hyperliquid HIP-3 and HIP-4 markets, the HYPE token price is expected to usher in a new round of rebound.
ETH was once viewed as the "global financial asset taken over by Wall Street institutions," and now, this expectation falls on HYPE. As for whether it can shoulder this expectation, perhaps we will find out in Q4 this year.
