Galaxy Group Investments LLC — 13F Holdings & Portfolio
CIK 1912562 · latest 13F-HR filed 2026-03-24
Galaxy Group Investments LLC manages $843.0M in 13F-reported U.S. long-equity assets across 49 reported positions as of its 2025-12-31 13F-HR filing. Its largest disclosed positions are IBIT (35.87%), ARKB (17.63%), IBIT (9.42%). Quarter over quarter (versus its 2025-09-30 filing) the fund opened 21 new positions and exited 14; 0 existing positions rose in reported value and 15 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$843.0M
Long-equity book
Holdings
49
Distinct positions
Period
2025-12-31
Filed 2026-03-24
Q/Q Activity
+21 / −14 / ↑0 / ↓15
vs 2025-09-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q4 25IBIT42.0% · +21%ARKB20.6% · -3%BTCO8.8% · 0%FWDI7.4% · 0%BLSH3.3% · 0%HECO3.2% · -42%BABA2.1% · newPURR2.1% · newETHA1.7% · 0%CAN1.7% · newQETH1.2% · 0%RSP0.8% · newASHR0.7% · -54%STUB0.6% · newDEFT0.5% · -45%IMSR0.4% · newGLD0.4% · newIGV0.3% · newBRR0.3% · newFCRS.U0.3% · -43%MFI0.3% · newKWEB0.2% · -30%NVDA0.1% · newXBI0.1% · newQUAL0.1% · newVTV0.1% · newAVX0.1% · newGBTC0.1% · 0%FOUR0.1% · 0%MTUM0.1% · newXHB0.1% · newBNBX0.0% · newKWMWW0.0% · 0%BTMCQ0.0% · 0%HCMAW0.0% · newONCHW0.0% · new
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q3 25 → Q4 25Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 93%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 25, 2026.
Assets Under Management
$323.8M
Discretionary
$323.8M
Employees
7
Accounts
5
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| GALAXY FUND MANAGEMENT, LLC Control | MANAGING MEMBER since Nov 2014 | Less than 5% | Domestic Entity |
| GALAXY IM HOLDINGS, LLC Control | OWNER since Nov 2014 | 75% or more | Domestic Entity |
| LIPSAY, SETH, BARRON Control | CHIEF EXECUTIVE OFFICER since Nov 2014 | Less than 5% | Individual |
| Partlow, Kenneth Control | CHIEF FINANCIAL OFFICER since Sep 2019 | Less than 5% | Individual |
| SCHLICHT, CHRISTINE, ELIZABETH Control | CHIEF COMPLIANCE OFFICER since Apr 2020 | Less than 5% | Individual |
| GALAXY FUND MANAGEMENT, LLC Control Indirect owner via GALAXY IM HOLDINGS, LLC | MANAGING MEMBER since Nov 2014 | General partner, trustee or manager | Domestic Entity |
| GNREP II CORP. Control Indirect owner via GNREP II, LP | GENERAL PARTNER since Nov 2014 | General partner, trustee or manager | Domestic Entity |
| GNREP II, LP Control Indirect owner via GALAXY IM HOLDINGS, LLC | OWNER since Nov 2014 | 75% or more | Domestic Entity |
| LIPSAY FAMILY TRUST NO. 1 Control Indirect owner via GNREP II, LP | LIMITED PARTNER since Nov 2014 | 50–75% | Domestic Entity |
| LIPSAY, SETH, BARRON Control Indirect owner via GALAXY FUND MANAGEMENT, LLC | OWNER AND MANAGING MEMBER since Nov 2014 | 75% or more | Individual |
| LIPSAY, SETH, BARRON Control Indirect owner via GNREP II, LP | LIMITED PARTNER since Nov 2014 | 25–50% | Individual |
| LIPSAY, SETH, BARRON Control Indirect owner via GNREP II CORP. | SHAREHOLDER, PRESIDENT since Nov 2014 | 25–50% | Individual |
| Lipsay, Deanne, Ruth Control Indirect owner via LIPSAY FAMILY TRUST NO. 1 | TRUSTEE since Nov 2014 | General partner, trustee or manager | Individual |
| Perry, Denise Control Indirect owner via LIPSAY FAMILY TRUST NO. 1 | TRUSTEE since Nov 2014 | General partner, trustee or manager | Individual |
| Lipsay, Deanne, Ruth Indirect owner via GNREP II CORP. | SHAREHOLDER since Nov 2014 | 25–50% | Individual |
Ownership & leadership changes · 5 filings with changes since Jan 4, 2016
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 25, 2021 filing
- AddedPartlow, Kenneth · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Apr 24, 2020 filing
- AddedSCHLICHT, CHRISTINE, ELIZABETH · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedLIPSAY, SETH, BARRON · title CHIEF COMPLIANCE OFFICER, CHIEF EXECUTIVE OFFICER → CHIEF EXECUTIVE OFFICER
Mar 27, 2020 filing
- Listed againGALAXY FUND MANAGEMENT, LLC · MANAGING MEMBER · General partner, trustee or manager · indirect via GALAXY IM HOLDINGS, LLC · control person
- Listed againLipsay, Deanne, Ruth · SHAREHOLDER · 25–50% · indirect via GNREP II CORP.
- ChangedLIPSAY, SETH, BARRON · indirect via GNREP II CORP.: ownership 50–75% → 25–50%
Feb 20, 2019 filing
- No longer listedGALAXY FUND MANAGEMENT, LLC · OWNER · 25–50% · indirect via GALAXY IM HOLDINGS, LLC · listed since Nov 2014
- No longer listedGALAXY INVESTMENT MANAGEMENT, LLC · OWNER · 25–50% · indirect via GALAXY REALTY CAPITAL HOLDINGS, LLC · control person · listed since Nov 2014
- No longer listedGALAXY INVESTMENT MANAGEMENT, LLC · OWNER · 25–50% · indirect via SSR INVESTOR, LLC · control person · listed since Nov 2014
- No longer listedGALAXY REALTY CAPITAL HOLDINGS, LLC · OWNER OF GALAXY REALTY CAPITAL, LLC · 75% or more · control person · listed since Nov 2014
- No longer listedLipsay, Deanne, Ruth · SHAREHOLDER · 50–75% · indirect via GNREP II, LP · control person · listed since Nov 2014
- No longer listedSSR INVESTOR, LLC · OWNER OF STERLING SPONSOR RFI, LLC · 75% or more · control person · listed since Nov 2014
- No longer listedSTERLING GP SRF I LLC · OWNER · 50–75% · indirect via SSR INVESTOR, LLC · control person · listed since Nov 2014
- No longer listedSTERLING SRF I LLC · OWNER · 50–75% · indirect via GALAXY REALTY CAPITAL HOLDINGS, LLC · control person · listed since Nov 2014
- AddedLIPSAY, SETH, BARRON · CHIEF COMPLIANCE OFFICER, CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ChangedGALAXY FUND MANAGEMENT, LLC · title MANAGING MEMBER OF GALAXY INVESTMENT MANAGEMENT LLC → MANAGING MEMBER
- ChangedGALAXY IM HOLDINGS, LLC · title OWNER OF GALAXY INVESTMENT MANAGEMENT LLC → OWNER
- ChangedLIPSAY, SETH, BARRON · indirect via GALAXY FUND MANAGEMENT, LLC: title OWNER → OWNER AND MANAGING MEMBER
Mar 28, 2018 filing
- No longer listedLipsay, Deanne, Ruth · SHAREHOLDER · 50–75% · indirect via GNREP II CORP. · control person · listed since Nov 2014
- AddedGALAXY FUND MANAGEMENT, LLC · OWNER · 25–50% · indirect via GALAXY IM HOLDINGS, LLC
- AddedLipsay, Deanne, Ruth · SHAREHOLDER · 50–75% · indirect via GNREP II, LP · control person
- ChangedGALAXY FUND MANAGEMENT, LLC · title MANAGING MEMBER → MANAGING MEMBER OF GALAXY INVESTMENT MANAGEMENT LLC
- ChangedGALAXY IM HOLDINGS, LLC · title OWNER → OWNER OF GALAXY INVESTMENT MANAGEMENT LLC
- ChangedGALAXY REALTY CAPITAL HOLDINGS, LLC · title OWNER OF GALAXY REALTY CAPITAL, LLC (RELYING ADVISER) → OWNER OF GALAXY REALTY CAPITAL, LLC
- ChangedSSR INVESTOR, LLC · title OWNER OF STERLING SPONSOR RFI, LLC (RELYING ADVISER) → OWNER OF STERLING SPONSOR RFI, LLC
Jan 4, 2016 filing (earliest on record)
- ListedGALAXY FUND MANAGEMENT, LLC · MANAGING MEMBER · Less than 5% · control person
- ListedGALAXY IM HOLDINGS, LLC · OWNER · 75% or more · control person
- ListedGALAXY INVESTMENT MANAGEMENT, LLC · OWNER · 25–50% · indirect via GALAXY REALTY CAPITAL HOLDINGS, LLC · control person
- ListedGALAXY INVESTMENT MANAGEMENT, LLC · OWNER · 25–50% · indirect via SSR INVESTOR, LLC · control person
- ListedGALAXY REALTY CAPITAL HOLDINGS, LLC · OWNER OF GALAXY REALTY CAPITAL, LLC (RELYING ADVISER) · 75% or more · control person
- ListedGNREP II CORP. · GENERAL PARTNER · General partner, trustee or manager · indirect via GNREP II, LP · control person
- ListedGNREP II, LP · OWNER · 75% or more · indirect via GALAXY IM HOLDINGS, LLC · control person
- ListedLIPSAY FAMILY TRUST NO. 1 · LIMITED PARTNER · 50–75% · indirect via GNREP II, LP · control person
- ListedLIPSAY, SETH, BARRON · OWNER · 75% or more · indirect via GALAXY FUND MANAGEMENT, LLC · control person
- ListedLIPSAY, SETH, BARRON · LIMITED PARTNER · 25–50% · indirect via GNREP II, LP · control person
- ListedLIPSAY, SETH, BARRON · SHAREHOLDER, PRESIDENT · 50–75% · indirect via GNREP II CORP. · control person
- ListedLipsay, Deanne, Ruth · TRUSTEE · General partner, trustee or manager · indirect via LIPSAY FAMILY TRUST NO. 1 · control person
- ListedLipsay, Deanne, Ruth · SHAREHOLDER · 50–75% · indirect via GNREP II CORP. · control person
- ListedPerry, Denise · TRUSTEE · General partner, trustee or manager · indirect via LIPSAY FAMILY TRUST NO. 1 · control person
- ListedSSR INVESTOR, LLC · OWNER OF STERLING SPONSOR RFI, LLC (RELYING ADVISER) · 75% or more · control person
- ListedSTERLING GP SRF I LLC · OWNER · 50–75% · indirect via SSR INVESTOR, LLC · control person
- ListedSTERLING SRF I LLC · OWNER · 50–75% · indirect via GALAXY REALTY CAPITAL HOLDINGS, LLC · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Trims
- FORWARD INDS INC N Y-$153.7M -74.1%
- ARK 21SHARES BITCOIN ETF-$52.6M -26.1%
- ISHARES BITCOIN TRUST ETF-$24.2M -7.4%
- INVESCO GALAXY BITCOIN ETF-$19.5M -23.5%
- SSGA ACTIVE TR-$19.2M -45.1%
New Positions
- ALIBABA GROUP HLDG LTD$15.4M
- HYPERLIQUID STRATEGIES INC$15.2M
- CANAAN INC$12.1M
- INVESCO EXCHANGE TRADED FD T$5.9M
- STUBHUB HLDGS INC$4.5M
Exited Positions
- CORE SCIENTIFIC INC NEW$27.9M
- JD.COM INC$12.7M
- SUI GROUP HOLDINGS LIMITED$6.1M
- BITFARMS LTD$2.0M
- HCM II ACQUISITION CORP$1.6M
Galaxy Group Investments LLC Holdings (2025-12-31)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES BITCOIN TRUST ETF | IBIT | 46438F101 | $302.4M | 35.87% | 6,090,206 | SH |
| 2 | ARK 21SHARES BITCOIN ETF | ARKB | 040919102 | $148.6M | 17.63% | 5,117,500 | SH |
| 3 | ISHARES BITCOIN TRUST ETF Put | IBIT | 46438F101 | $79.4M | 9.42% | 1,600,000 | SH |
| 4 | INVESCO GALAXY BITCOIN ETF | BTCO | 46091J101 | $63.2M | 7.50% | 725,000 | SH |
| 5 | FORWARD INDS INC N Y | FWDI | 349862409 | $53.6M | 6.36% | 8,108,108 | SH |
| 6 | BULLISH | BLSH | G16910120 | $23.7M | 2.81% | 625,000 | SH |
| 7 | SSGA ACTIVE TR | HECO | 78470P648 | $23.4M | 2.77% | 590,000 | SH |
| 8 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $15.4M | 1.83% | 105,150 | SH |
| 9 | HYPERLIQUID STRATEGIES INC | PURR | 44916Y106 | $15.2M | 1.80% | 4,260,476 | SH |
| 10 | ISHARES ETHEREUM TR | ETHA | 46438R105 | $12.5M | 1.48% | 555,890 | SH |
| 11 | CANAAN INC | CAN | 134748102 | $12.1M | 1.43% | 17,500,000 | SH |
| 12 | ZOOM COMMUNICATIONS INC Call | ZM | 98980L101 | $8.6M | 1.02% | 100,000 | SH |
| 13 | INVESCO GALAXY ETHEREUM ETF | QETH | 46148D107 | $8.6M | 1.02% | 290,000 | SH |
| 14 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $5.9M | 0.71% | 31,040 | SH |
| 15 | DBX ETF TR | ASHR | 233051879 | $5.2M | 0.61% | 157,750 | SH |
| 16 | ISHARES SILVER TR Put | SLV | 46428Q109 | $4.9M | 0.58% | 75,300 | SH |
| 17 | SELECT SECTOR SPDR TR Call | XLI | 81369Y704 | $4.7M | 0.56% | 30,300 | SH |
| 18 | STUBHUB HLDGS INC | STUB | 86384P109 | $4.5M | 0.53% | 331,708 | SH |
| 19 | SELECT SECTOR SPDR TR Call | XLE | 81369Y506 | $4.5M | 0.53% | 100,000 | SH |
| 20 | DEFI TECHNOLOGIES INC | DEFT | 244916102 | $3.8M | 0.45% | 4,971,695 | SH |
| 21 | ISHARES SILVER TR Call | SLV | 46428Q109 | $3.7M | 0.44% | 57,500 | SH |
| 22 | DBX ETF TR Call | ASHR | 233051879 | $3.6M | 0.43% | 110,000 | SH |
| 23 | TERRESTRIAL ENERGY INC | IMSR | 881454102 | $3.1M | 0.36% | 500,000 | SH |
| 24 | SPDR GOLD TR Call | GLD | 78463V107 | $2.9M | 0.35% | 7,400 | SH |
| 25 | INVESCO EXCHANGE TRADED FD T Call | RSP | 46137V357 | $2.9M | 0.34% | 15,000 | SH |
| 26 | ISHARES TR Call | FXI | 464287184 | $2.7M | 0.32% | 50,000 | SH |
| 27 | SPDR GOLD TR | GLD | 78463V107 | $2.7M | 0.31% | 6,700 | SH |
| 28 | ISHARES TR | IGV | 464287515 | $2.4M | 0.28% | 22,500 | SH |
| 29 | PROCAP FINL INC | BRR | 74277P105 | $2.2M | 0.26% | 625,000 | SH |
| 30 | SELECT SECTOR SPDR TR Call | XLF | 81369Y605 | $2.2M | 0.26% | 40,000 | SH |
| 31 | ISHARES INC Call | EWZ | 464286400 | $2.1M | 0.24% | 65,000 | SH |
| 32 | FUTURECREST ACQUISITION CORP | FCRS.U | G3730U123 | $2.0M | 0.24% | 200,000 | SH |
| 33 | MF INTL LTD | MFI | G6065C121 | $1.9M | 0.22% | 100,000 | SH |
| 34 | KRANESHARES TRUST | KWEB | 500767306 | $1.1M | 0.13% | 33,200 | SH |
| 35 | NVIDIA CORPORATION | NVDA | 67066G104 | $1.0M | 0.12% | 5,600 | SH |
| 36 | SPDR SERIES TRUST | XBI | 78464A870 | $1.0M | 0.12% | 8,500 | SH |
| 37 | ISHARES TR | QUAL | 46432F339 | $993.1K | 0.12% | 5,000 | SH |
| 38 | VANGUARD INDEX FDS | VTV | 922908744 | $886.2K | 0.11% | 4,640 | SH |
| 39 | AVAX ONE TECHNOLOGY LTD | AVX | 05353F108 | $639.8K | 0.08% | 423,729 | SH |
| 40 | GRAYSCALE BITCOIN TRUST ETF | GBTC | 389637109 | $569.8K | 0.07% | 8,335 | SH |
| 41 | SHIFT4 PMTS INC | FOUR | 82452J109 | $560.6K | 0.07% | 8,902 | SH |
| 42 | ISHARES TR | MTUM | 46432F396 | $550.7K | 0.07% | 2,200 | SH |
| 43 | SPDR SERIES TRUST | XHB | 78464A888 | $463.3K | 0.05% | 4,500 | SH |
| 44 | NORTHERN DYNASTY MINERALS LT Call | NAK | 66510M204 | $405.0K | 0.05% | 150,000 | SH |
| 45 | BNB PLUS CORP | BNBX | 03815U607 | $231.5K | 0.03% | 188,210 | SH |
| 46 | K WAVE MEDIA LTD | KWMWW | G53151109 | $164.0K | 0.02% | 400,000 | SH |
| 47 | BITCOIN DEPOT INC | BTMCQ | 09174P113 | $44.9K | 0.01% | 400,000 | SH |
| 48 | HCM III ACQUISITION CORP | HCMAW | G4365E111 | $7.5K | 0.00% | 14,900 | SH |
| 49 | 1RT ACQUISITION CORP. | ONCHW | G6757R113 | $7.3K | 0.00% | 12,500 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-12-31 | 2026-03-24 | $843.0M | 49 | 0001628280-26-020645 |
| 2025-09-30 | 2026-03-24 | $1.88B | 37 | 0001628280-26-020650 |
| 2025-03-31 | 2026-03-24 | $803.9M | 24 | 0001628280-26-020660 |
| 2024-12-31 | 2026-03-24 | $1.15B | 16 | 0001628280-26-020665 |
Filer Information
Address
107 GRAND STREET, 8TH FLOORNEW YORK, NY 10013
Phone
(212) 390-9173
Filing Manager
Galaxy Group Investments LLC
NEW YORK, NY
Signatory
Anthony Paquette
Attorney-in-Fact for Galaxy Group Investments LLC