Butterfly Network
BFLY
176 hedge funds and large institutions have $188M invested in Butterfly Network in 2025 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 53 increasing their positions, 46 reducing their positions, and 45 closing their positions.
128% more call options, than puts
Call options by funds: $2.76M | Put options by funds: $1.21M
15% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 46
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 189 → 176 (-13)
9.52% less ownership
Funds ownership: 53.1% → 43.59% (-9.5%)
20% less capital invested
Capital invested by funds: $234M → $188M (-$46M)
24% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3M |
| 2 |
State Street
Boston,
Massachusetts
|
+$1.41M |
| 3 |
PCM
Perkins Capital Management
Wayzata,
Minnesota
|
+$1.07M |
| 4 |
PHP
Parkman Healthcare Partners
Stamford,
Connecticut
|
+$1.02M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$17M |
| 2 |
FLAM
First Light Asset Management
Edina,
Minnesota
|
-$7.37M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$4.62M |
| 4 |
OAM
Ophir Asset Management
Sydney,
Australia
|
-$3.47M |
| 5 |
Morgan Stanley
New York
|
-$2.43M |
BFLY Hedge Fund Activity: Q3 2025 in Review
176 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Butterfly Network (BFLY) for Q3 2025, worth a combined $188M — down 20% from $234M a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of BFLY and 34 opened new positions — a net loss of 11 holders — while 46 trimmed existing stakes and 53 added.
The largest buyer was UBS Group, adding an estimated $3M. The largest seller was Capital World Investors, exiting entirely with an estimated $17M sold.
- 176 institutional investors held Butterfly Network (BFLY) as of Q3 2025, down from 189 in Q2 2025.
- Funds reported $188M of Butterfly Network stock for Q3 2025, down 20% quarter-over-quarter.
- 34 funds opened new Butterfly Network positions in Q3 2025 and 45 closed out, a net change of -11 holders.
- The largest Butterfly Network buyer in Q3 2025 was UBS Group, an estimated $3M added.
- The largest Butterfly Network seller in Q3 2025 was Capital World Investors, an estimated $17M sold.
Based on aggregated 13F filings for Q3 2025.