Traphagen Investment Advisors 13F: Exits Hut 8 (HUT) Stake

Traphagen Investment Advisors completely parted ways with Hut 8 Corp. (NASDAQ: HUT), selling out its entire stake during the period. According to a Form 13F filing with the SEC on October 14, 2026, the firm sold all 1,841 shares it held in the company. 13F filings are backward-looking, meaning they show holdings as of the end of the reporting quarter and may not represent the fund's current position today.## Inside Traphagen Investment Advisors's Hut 8 Trade

The fund's exit dropped its share count from 1,841 shares down to zero, erasing the position entirely. Because this transaction closed out the holding completely, it represents a total departure rather than a routine trim. Keep in mind that these quarterly reports look backward and do not necessarily reflect what the fund is doing with the stock right now.

Other Institutional Activity in Hut 8

Coatue Management LLC grew its holdings by 4,857,738 shares, ending with 9,715,476 shares worth about $658,223,499. Blackrock Inc. grew its holdings by 845,250 shares, ending with 9,470,255 shares worth about $641,609,776. Vanguard Portfolio Management LLC grew its holdings by 1,406,872 shares, ending with 6,231,538 shares worth about $422,186,699. Lone Pine Capital Llc reduced its holdings by 305,764 shares, ending with 5,773,045 shares worth about $391,123,798. Vanguard Capital Management LLC grew its holdings by 112,387 shares, ending with 4,554,558 shares worth about $308,571,304.

Hut 8 Corp. Stock Down 8.6%

Hut 8 shares recently traded around $68.45 as of October 16, 2026. The stock sits below its 50-day moving average of $88.81 and below its 200-day moving average of $81.82. The share price has pulled back from its 52-week high of $140.80 while remaining well above its 52-week low of $31.67.

Recent Earnings

Hut 8 reported trailing-twelve-month revenue of $317,952,992 alongside a negative basic earnings per share of $5.42. The company posted a net margin of -188.6% and a return on equity of -43.4%, while year-over-year revenue growth reached 81.4%. The company's next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at Hut 8 Corp.

Company insiders executed several sales prior to the filing. Joseph Flinn sold 7,719 shares on June 12, 2026, at an average price of $117.91 for a total value of $910,161.96. Victor Semah, Chief Legal Officer, sold 10,000 shares on June 17, 2026, at $125.00 per share for a total of $1,250,000.00. Sean Joseph Glennan, Chief Financial Officer, sold 6,445 shares on August 24, 2026, valued at $507,623.00. Mayo Adams Shattuck III, Director, sold 20,000 shares on September 24, 2026, at $100.00 per share for a total value of $2,000,000.00.

Analysts Set New Price Targets

On September 17, 2026, Wells Fargo initiated the stock with an Overweight rating and a $175.00 price target. Rothschild & Co initiated coverage on September 21, 2026, with a Neutral rating and a $96.00 price target. UBS initiated coverage on September 23, 2026, with a Buy rating and a $143.00 price target. Canaccord Genuity maintained a Buy rating and a $130.00 price target on October 7, 2026. Morgan Stanley maintained an Overweight rating and raised its target from $273.00 to $275.00 on October 12, 2026. The stock carries a consensus Strong Buy rating with an average price target of $154.04 across 23 analyst opinions.

About Hut 8

Hut 8 operates as an energy infrastructure platform in the United States and Canada, combining power generation, digital infrastructure, and computing capacity for demanding use cases. The company spans power, digital infrastructure, and compute operations to support high-intensity workloads. Institutional shifts like Traphagen's exit arrive as the company scales its operations and navigates shifting market conditions.

Bottom Line

Investors will look toward Hut 8's upcoming earnings release on November 4, 2026, for further clues on its financial performance. Remember that 13F filings only capture past institutional activity and do not show ongoing portfolio adjustments.