Stablecoin Development Corp (SDEV) shareholders
SDEVNYSEFinance ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 10/3079% below fair value
$0.84−0.01 (-1.00%)
Close on Nov 11, 2026Market cap $61.55MP/E –Yield 475.17%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
2.0%
1M of 73M shares
Institutional holders
21
5 new, 9 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
0 buys · 3 sales
Net sold $80.83K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| R01 Capital Manager LLC Joint filing with R01 Fund LP (45.00%), R01 Capital LLC (45.00%) and 1 more | 56,806,080 | 45.00% | 13D (active) amendment | Jan 16, 2026 |
| R01 Fund LP Joint filing with R01 Capital LLC (45.10%), R01 Capital Manager LLC (45.10%) and 1 more | 56,806,080 | 45.10% | 13D (active) amendment | Oct 16, 2025 |
| Kazley Michael John Joint filing with R01 Fund LP (48.40%), R01 Capital LLC (48.40%) and 1 more | 53,627,330 | 52.40% | 13D (active) amendment | Jul 18, 2026 |
| Framework Ventures Management LLC Joint filing with Framework Ventures IV L.P. (46.60%), Framework Ventures IV GP LLC (46.60%) and 2 more | 47,723,141 | 46.60% | 13D (active) amendment | Jul 18, 2026 |
| Michael Kazley Joint filing with R01 Fund LP (47.40%), R01 Capital LLC (47.40%) and 1 more | 37,548,058 | 50.30% | 13D (active) amendment | May 17, 2026 |
| Framework Ventures IV L.P. Joint filing with Framework Ventures Management LLC (45.90%), Framework Ventures IV GP LLC (45.90%) and 2 more | 32,690,366 | 45.90% | 13D (active) amendment | Jun 15, 2026 |
| Spencer Vance Joint filing with Framework Ventures IV L.P. (44.50%), Framework Ventures Management LLC (44.50%) and 2 more | 22,152,695 | 44.50% | 13D (active) amendment | Apr 29, 2026 |
| Sky Frontier Foundation | 8,115,087 | 9.90% | 13D (active) amendment | Oct 21, 2026 |
| Tether Investments, S.A. de C.V. Joint filing with Tether Global Investments Fund, S.I.C.A.F., S.A. (9.99%), Giancarlo Devasini (9.99%) | 5,617,689 | 9.99% | 13G (passive) amendment | Jun 30, 2026 |
| Giancarlo Devasini Joint filing with Tether Global Investments Fund, S.I.C.A.F., S.A. (9.99%), Tether Investments, S.A. de C.V. (9.99%) | 3,009,502 | 9.99% | 13G (passive) | May 17, 2026 |
| Michael Ernest Anderson Joint filing with Framework Ventures IV L.P. (16.20%), Framework Ventures Management LLC (16.20%) and 2 more | 1,164,117 | 16.20% | 13D (active) | Oct 9, 2025 |
| Poplar Point Capital Partners LP Joint filing with Poplar Point Capital Management LLC (17.54%), Poplar Point Capital GP LLC (17.54%) and 1 more | 1,020,300 | 17.54% | 13D (active) | Jun 3, 2025 |
| Poplar Point Capital GP LLC Joint filing with Poplar Point Capital Management LLC (17.52%), Poplar Point Capital Partners LP (17.52%) and 1 more | 1,020,300 | 17.52% | 13D (active) amendment | Oct 15, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of SDEV | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 424,695 | 0.58% | $445.93K | +1,352 | 0.00% |
| Vanguard Capital Management LLC | 326,988 | 0.45% | $343.34K | +54,831 | 0.00% |
| Geode Capital Management, LLC | 281,483 | 0.38% | $295.73K | −8,786 | 0.00% |
| Vanguard Fiduciary Trust Co | 131,840 | 0.18% | $138.43K | +1,056 | 0.00% |
| State Street Corp | 117,154 | 0.16% | $123.01K | – | 0.00% |
| Northern Trust Corp | 59,926 | 0.08% | $62.92K | +6,250 | 0.00% |
| Bank of New York Mellon Corp | 28,033 | 0.04% | $29.44K | New | 0.00% |
| Renaissance Technologies LLC | 26,142 | 0.04% | $27.45K | −56,653 | 0.00% |
| State of Wyoming | 23,509 | 0.03% | $24.68K | −789 | 0.00% |
| Jane Street Group, LLC | 22,639 | 0.03% | $23.77K | −98,465 | 0.00% |
| Two Sigma Investments, LP | 12,396 | 0.02% | $13.02K | −12,399 | 0.00% |
| Vanguard Global Advisers, LLC | 11,414 | 0.02% | $11.99K | – | 0.00% |
| Tower Research Capital LLC (TRC) | 8,571 | 0.01% | $9.00K | +6,423 | 0.00% |
| SBI Securities Co., Ltd. | 406 | 0.00% | $426 | New | 0.00% |
| UBS Group AG | 205 | 0.00% | $215 | +202 | 0.00% |
| Morgan Stanley | 3 | 0.00% | $3 | – | 0.00% |
| Caitong International Asset Management Co., Ltd | 1 | 0.00% | $1 | New | 0.00% |
| Mosley Wealth Management | 1 | 0.00% | $1 | New | 0.00% |
| Farther Finance Advisors, LLC | 1 | 0.00% | $1 | New | 0.00% |
| Royal Bank of Canada | 1 | 0.00% | $0 | – | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 21 | 1M | 2.0% | 5 / 6 | 5 / 9 | 0M | 0M |
| Q1 2026 | 25 | 2M | 2.2% | 12 / 8 | 4 / 12 | 1M | 0M |
| Q4 2025 | 26 | 1M | 1.7% | 14 / 8 | 0 / 2 | 1M | 0M |
| Q3 2025 | 14 | 0M | 0.1% | 6 / 1 | 2 / 5 | 0M | 0M |
| Q2 2025 | 13 | 0M | 0.1% | 1 / 5 | 3 / 6 | 0M | 0M |
| Q1 2025 | 18 | 0M | 0.1% | 4 / 6 | 2 / 2 | 0M | 0M |
| Q4 2024 | 16 | 0M | 0.0% | 5 / 4 | 1 / 2 | 0M | 0M |
| Q3 2024 | 13 | 0M | 0.0% | 5 / 3 | 0 / 0 | 0M | 0M |
| Q2 2024 | 8 | 0M | 0.0% | 8 / 0 | 0 / 0 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
7 funds held SDEV in Q2 2026, 63% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of SDEV | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Extended Market Index Fund | 281,981 | 0.39% | $296.08K | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 138,625 | 0.19% | $176.05K | 0.00% | May 31, 2026 |
| iShares Core S&P Total U.S. Stock Market ETF | 57,875 | 0.08% | $60.77K | 0.00% | Jun 30, 2026 |
| Fidelity Total Market Index Fund | 47,861 | 0.07% | $60.78K | 0.00% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 44,307 | 0.06% | $46.52K | 0.00% | Jun 30, 2026 |
| Fidelity Series Total Market Index Fund | 39,514 | 0.05% | $50.18K | 0.00% | May 31, 2026 |
| Blackstone Alternative Multi-Strategy Fund | -1,993 | -0.00% | -$2.09K | -0.00% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Fund LP R01 | Chief Executive Officer, Director, 10% owner | 11,361,216 | 15.54% | Jun 17, 2026 |
| Michael John Kazley | Chief Executive Officer, Director, 10% owner | 79,474,596 | 108.70% | Jun 17, 2026 |
| Henry Blynn | Chief Operating Officer | – | – | Jul 24, 2026 |
| Tommy Law | Chief Financial Officer | 0 | – | Apr 8, 2026 |
| Swan Sit | Director | 6,187 | 0.01% | Nov 5, 2026 |
| Paul E. Freiman | Director | 6,189 | 0.01% | Nov 5, 2026 |
| Yenyou Zheng | Director | 6,187 | 0.01% | Nov 5, 2026 |
| David Garcia Rios | Director | – | – | Sep 8, 2026 |
| Capital Manager LLC R01 | 10% owner | 22,693,236 | 31.04% | Jun 17, 2026 |
| Michael Ernest Anderson | 10% owner | – | – | Jun 17, 2026 |
| Ventures Management LLC Framework | 10% owner | 22,693,236 | 31.04% | Jun 17, 2026 |
| Ventures IV L.P. Framework | 10% owner | 11,361,216 | 15.54% | Jun 17, 2026 |
| Vance Spencer | 10% owner | – | – | Jun 17, 2026 |
| Capital LLC R01 | 10% owner | – | – | Jun 17, 2026 |
| Ventures IV GP LLC Framework | 10% owner | 56,806,080 | 77.69% | Jun 17, 2026 |
| David E. Lazar | 10% owner | 6,388,000 | 8.74% | Jan 29, 2026 |
| Jad Fakhry | 10% owner | 868,204 | 1.19% | Apr 15, 2025 |
| Point Capital Partners Lp Poplar | 10% owner | 991,569 | 1.36% | Apr 15, 2025 |
| Point Capital Gp Llc Poplar | 10% owner | 818,277 | 1.12% | Apr 15, 2025 |
| Point Capital Management Llc Poplar | 10% owner | 620,685 | 0.85% | Apr 15, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Paul E. Freiman Director | Oct 16, 2026 | Option exercise | +6,000 | – | – | 6,188 |
| Swan Sit Director | Oct 16, 2026 | Option exercise | +6,000 | – | – | 6,187 |
| Yenyou Zheng Director | Oct 16, 2026 | Option exercise | +6,000 | – | – | 6,187 |
| Ventures Management LLC Framework 10% owner | Jun 15, 2026 | Option exercise | +11,332,020 | – | – | 22,693,236 |
| Ventures Management LLC Framework 10% owner | Jun 15, 2026 | Sale | −24,720 | $1.09 | $26.94K | 22,668,516 |
| Michael John Kazley Chief Executive Officer, Director, 10% owner | Jun 15, 2026 | Sale | −24,720 | $1.09 | $26.94K | 22,668,516 |
| Michael John Kazley Chief Executive Officer, Director, 10% owner | Jun 15, 2026 | Option exercise | +11,332,020 | – | – | 22,693,236 |
| Capital Manager LLC R01 10% owner | Jun 15, 2026 | Option exercise | +11,332,020 | – | – | 22,693,236 |
| Capital Manager LLC R01 10% owner | Jun 15, 2026 | Sale | −24,720 | $1.09 | $26.94K | 22,668,516 |
| Michael John Kazley Chief Executive Officer, Director, 10% owner | Oct 21, 2025 | Conversion | +11,361,216 | – | – | 11,361,216 |
| Ventures IV L.P. Framework 10% owner | Oct 21, 2025 | Conversion | +11,361,216 | – | – | 11,361,216 |
| Fund LP R01 Chief Executive Officer, Director, 10% owner | Oct 21, 2025 | Conversion | +11,361,216 | – | – | 11,361,216 |
| David E. Lazar 10% owner | Oct 21, 2025 | Award | +6,388,000 | – | – | 6,388,000 |
| Michael John Kazley 10% owner | Oct 21, 2025 | Conversion | +56,806,080 | – | – | 56,806,080 |
| Michael John Kazley Chief Executive Officer, Director, 10% owner | Oct 21, 2025 | Conversion | +56,806,080 | – | – | 56,806,080 |
| Ventures IV GP LLC Framework 10% owner | Oct 21, 2025 | Conversion | +56,806,080 | – | – | 56,806,080 |
| Paul E. Freiman Director | May 28, 2025 | Option exercise | +172 | – | – | 188 |
| Swan Sit Director | May 28, 2025 | Option exercise | +172 | – | – | 187 |
| Yenyou Zheng Director | May 28, 2025 | Option exercise | +172 | – | – | 187 |
| Jad Fakhry 10% owner | Apr 8, 2025 | Buy | +300 | $0.47 | $141 | 1,020,300 |
| Jad Fakhry 10% owner | Apr 4, 2025 | Buy | +4,538 | $0.52 | $2.36K | 1,020,000 |
| Jad Fakhry 10% owner | Apr 3, 2025 | Buy | +22,976 | $0.56 | $12.87K | 1,015,462 |
| Jad Fakhry 10% owner | Apr 2, 2025 | Buy | +917 | $0.58 | $532 | 992,486 |
| Point Capital Partners Lp Poplar 10% owner | Apr 1, 2025 | Buy | +19,915 | $0.59 | $11.75K | 991,569 |
| Point Capital Partners Lp Poplar 10% owner | Mar 31, 2025 | Buy | +21,654 | $0.59 | $12.78K | 971,654 |
| Point Capital Partners Lp Poplar 10% owner | Mar 28, 2025 | Buy | +49,400 | $0.61 | $30.13K | 950,000 |
| Point Capital Partners Lp Poplar 10% owner | Mar 27, 2025 | Buy | +18,504 | $0.62 | $11.47K | 900,000 |
| Point Capital Partners Lp Poplar 10% owner | Mar 27, 2025 | Buy | +600 | $0.61 | $366 | 900,600 |
| Point Capital Partners Lp Poplar 10% owner | Mar 26, 2025 | Buy | +13,292 | $0.61 | $8.11K | 881,496 |
| Jad Fakhry 10% owner | Mar 25, 2025 | Buy | +22,635 | $0.61 | $13.81K | 868,204 |
| Jad Fakhry 10% owner | Mar 24, 2025 | Buy | +100 | $0.61 | $61 | 845,569 |
| Jad Fakhry 10% owner | Mar 21, 2025 | Buy | +6,372 | $0.61 | $3.89K | 845,469 |
| Jad Fakhry 10% owner | Mar 20, 2025 | Buy | +5,320 | $0.61 | $3.25K | 839,097 |
| Jad Fakhry 10% owner | Mar 19, 2025 | Buy | +1,500 | $0.60 | $900 | 833,777 |
| Jad Fakhry 10% owner | Mar 18, 2025 | Buy | +14,000 | $0.63 | $8.82K | 832,277 |
| Point Capital Gp Llc Poplar 10% owner | Mar 18, 2025 | Buy | +10,000 | $0.63 | $6.30K | 818,277 |
| Point Capital Gp Llc Poplar 10% owner | Mar 14, 2025 | Buy | +25,511 | $0.63 | $16.07K | 808,277 |
| Point Capital Gp Llc Poplar 10% owner | Mar 13, 2025 | Buy | +34 | $0.64 | $22 | 782,766 |
| Point Capital Gp Llc Poplar 10% owner | Mar 12, 2025 | Buy | +11,837 | $0.62 | $7.34K | 782,732 |
| Point Capital Gp Llc Poplar 10% owner | Mar 11, 2025 | Buy | +2,148 | $0.58 | $1.25K | 770,895 |
| Point Capital Gp Llc Poplar 10% owner | Mar 10, 2025 | Buy | +14,645 | $0.58 | $8.49K | 768,747 |
| Jad Fakhry 10% owner | Mar 7, 2025 | Buy | +102 | $0.55 | $56 | 754,102 |
| Jad Fakhry 10% owner | Mar 4, 2025 | Buy | +4,000 | $0.58 | $2.32K | 754,000 |
| Jad Fakhry 10% owner | Feb 28, 2025 | Buy | +13,108 | $0.60 | $7.86K | 750,000 |
| Jad Fakhry 10% owner | Feb 27, 2025 | Buy | +385 | $0.61 | $235 | 736,892 |
| Jad Fakhry 10% owner | Feb 26, 2025 | Buy | +6,302 | $0.61 | $3.84K | 736,507 |
| Jad Fakhry 10% owner | Feb 25, 2025 | Buy | +25,033 | $0.62 | $15.52K | 730,205 |
| Jad Fakhry 10% owner | Feb 24, 2025 | Buy | +450 | $0.62 | $279 | 705,172 |
| Jad Fakhry 10% owner | Feb 20, 2025 | Buy | +1,836 | $0.63 | $1.16K | 704,722 |
| Jad Fakhry 10% owner | Feb 19, 2025 | Buy | +49,664 | $0.67 | $33.27K | 702,886 |
| Jad Fakhry 10% owner | Feb 18, 2025 | Buy | +3,222 | $0.66 | $2.13K | 653,222 |
| Jad Fakhry 10% owner | Feb 4, 2025 | Buy | +26,718 | $0.64 | $17.10K | 650,000 |
| Jad Fakhry 10% owner | Feb 3, 2025 | Buy | +2,597 | $0.64 | $1.66K | 623,282 |
| Point Capital Management Llc Poplar 10% owner | Jan 31, 2025 | Buy | +70,685 | $0.65 | $45.95K | 620,685 |
| Point Capital Management Llc Poplar 10% owner | Jan 27, 2025 | Buy | +31,703 | $0.69 | $21.88K | 550,000 |
| Paul E. Freiman Director | Jun 9, 2024 | Option exercise | +5 | – | – | 16 |
| Swan Sit Director | Jun 9, 2024 | Option exercise | +5 | – | – | 15 |
| Yenyou Zheng Director | Jun 9, 2024 | Option exercise | +5 | – | – | 15 |
| Paul E. Freiman Director | May 11, 2023 | Option exercise | +858 | – | – | 1,716 |
| Swan Sit Director | May 11, 2023 | Option exercise | +858 | – | – | 1,716 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of shares outstanding
7.07%
5M shares short
Days to cover
1.0
At 23M shares a day
Change since last report
+306.2%
From 1M shares
Short volume, 20 days
49.9%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Stablecoin Development's stock actually held short. Settlement fails (shares not delivered on time) peaked at 891,243 shares on Oct 1, 2026 over the last 90 days.
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