Paradigm Operations LP
Paradigm Operations LP, managed by Matt Huang, reported 4 positions worth $1.03B in its 2026 Q2 13F filing: 1 new and 0 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +17.4% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +103.9% | +11.4% |
| 2025 Q3 | +5.9% | +7.6% |
| 2025 Q4 | -29.8% | +3.1% |
| 2026 Q1 | -26.2% | -5.8% |
| 2026 Q2 | +4.9% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| HOOD | ROBINHOOD MKTS INC | $474.79M | 46.00% | +10% |
| COIN | COINBASE GLOBAL INC | $465.66M | 45.10% | -11.3% |
| AMBR | AMBER INTL HLDG LTD | $46.02M | 4.50% | NEW |
| PURR | HYPERLIQUID STRATEGIES INC | $44.94M | 4.40% | NO CHANGE |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.