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Butterfly Network
BFLY

189 hedge funds and large institutions have $234M invested in Butterfly Network in 2025 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 75 increasing their positions, 39 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 39

25% more call options, than puts

Call options by funds: $1.23M | Put options by funds: $986K

5.84% more ownership

Funds ownership: 47.26% → 53.1% (+5.8%)

0% more capital invested

Capital invested by funds: $233M → $234M (+$916K)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less funds holding

Funds holding: 206 → 189 (-17)

34% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 50

Holders
189
Holders Change
-17
Holders Change %
-8.25%
% of All Funds
2.49%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
33
Increased
75
Reduced
39
Closed
50
Calls
$1.23M
Puts
$986K
Net Calls
+$248K
Net Calls Change
-$347K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$23.2M
2
Geode Capital Management
Geode Capital Management
Massachusetts
+$5.32M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$4.57M
4
State Street
State Street
Massachusetts
+$3.62M
5
Morgan Stanley
Morgan Stanley
New York
+$3.4M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$3.68M
2
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$3.23M
3
Marshall Wace
Marshall Wace
United Kingdom
-$2.79M
4
AIC
AWM Investment Company
New York
-$2.28M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$1.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
4WM
226
49 Wealth Management
Texas
– -$23.7K -10,410 Closed
JFG
227
Jefferies Financial Group
New York
– -$22.9K -10,034 Closed
PMFA
228
Plante Moran Financial Advisors
Michigan
– -$6.84K -3,000 Closed
RWA
229
Redmont Wealth Advisors
Illinois
– -$6.04K -2,649 Closed
SWM
230
Spire Wealth Management
Virginia
– -$5.93K -2,600 Closed
ACM
231
Aster Capital Management
United Arab Emirates
– -$8.25K -2,278 Closed
T
232
Tidemark
California
– -$3.22K -1,413 Closed
CA
233
Continuum Advisory
Idaho
– -$1.82K -800 Closed
PA
234
PSI Advisors
Florida
– -$1.14K -500 Closed
SIC
235
SJS Investment Consulting
Ohio
– -$919 -403 Closed
EWA
236
EverSource Wealth Advisors
Alabama
– -$684 -300 Closed
FFA
237
Farther Finance Advisors
California
– -$222 -100 Closed
LWMI
238
Legacy Wealth Management (Idaho)
Idaho
– -$228 -100 Closed
FFA
239
Frazier Financial Advisors
Ohio
– -$37 -16 Closed
6 7 8 9
10

BFLY Hedge Fund Activity: Q2 2025 in Review

189 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Butterfly Network (BFLY) for Q2 2025, worth a combined $234M — up 0.39% from $233M a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of BFLY and 33 opened new positions — a net loss of 17 holders — while 39 trimmed existing stakes and 75 added.

The largest buyer was BlackRock, adding an estimated $23.2M. The largest seller was Millennium Management, cutting an estimated $3.68M.

  • 189 institutional investors held Butterfly Network (BFLY) as of Q2 2025, down from 206 in Q1 2025.
  • Funds reported $234M of Butterfly Network stock for Q2 2025, up 0.39% quarter-over-quarter.
  • 33 funds opened new Butterfly Network positions in Q2 2025 and 50 closed out, a net change of -17 holders.
  • The largest Butterfly Network buyer in Q2 2025 was BlackRock, an estimated $23.2M added.
  • The largest Butterfly Network seller in Q2 2025 was Millennium Management, an estimated $3.68M sold.

Based on aggregated 13F filings for Q2 2025.