According to the latest 13F filing submitted to the U.S. SEC by Vanguard Group, the world's second-largest fund management company, it currently holds 5,653,110 shares of Circle (CRCL) stock (currently valued at $339.4 million), with an initial investment cost of $739.6 million, and is currently experiencing a paper loss of over $400 million. Note: Institutional investment managers (those managing 13(f) securities with assets exceeding $100 million) must file their 13F filings within 45 days of the end of each quarter, with Q4 (ending December 31) to be disclosed no later than approximately February 14 of the following year.