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Butterfly Network
BFLY

206 hedge funds and large institutions have $233M invested in Butterfly Network in 2025 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 68 increasing their positions, 38 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 25

79% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 38

41% more call options, than puts

Call options by funds: $2.05M | Put options by funds: $1.45M

18% more funds holding

Funds holding: 174 → 206 (+32)

8.24% more ownership

Funds ownership: 39.03% → 47.26% (+8.2%)

3% more capital invested

Capital invested by funds: $227M → $233M (+$6.04M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
206
Holders Change
+32
Holders Change %
+18.39%
% of All Funds
2.76%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
59
Increased
68
Reduced
38
Closed
25
Calls
$2.05M
Puts
$1.45M
Net Calls
+$595K
Net Calls Change
-$3.14M

Top Buyers

1
Capital World Investors
Capital World Investors
California
+$25.5M
2
HRCM
Hood River Capital Management
Florida
+$17.7M
3
OAM
Ophir Asset Management
Australia
+$7.19M
4
Millennium Management
Millennium Management
New York
+$5.8M
5
FLAM
First Light Asset Management
Minnesota
+$5.4M

Top Sellers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$3.83M
2
SSA
Schonfeld Strategic Advisors
New York
-$2.98M
3
PHP
Parkman Healthcare Partners
Connecticut
-$2.34M
4
Renaissance Technologies
Renaissance Technologies
New York
-$2.09M
5
FAM
Fred Alger Management
New York
-$769K
Name Holding Trade Value Shares
Change 		Change in
Stake
SG Americas Securities
126
SG Americas Securities
New York
$44K +$15.7K +4,383 +30%
Teacher Retirement System of Texas
127
Teacher Retirement System of Texas
Texas
$43.7K +$68.5K +19,154 New
CM
128
Capula Management
Cayman Islands
$43.2K +$67.7K +18,939 New
LCM
129
Lazari Capital Management
California
$42.7K – – –
Pictet Asset Management
130
Pictet Asset Management
Switzerland
$42.3K +$65.5K +18,328 New
Dimensional Fund Advisors
131
Dimensional Fund Advisors
Texas
$41.9K – – –
Daiwa Securities Group
132
Daiwa Securities Group
Japan
$41K -$2.34K -655 -4%
OAM
133
Oxford Asset Management
United Kingdom
$39.1K -$29K -8,111 -32%
JJBC
134
James J. Burns & Company
New York
$36.5K – – –
SVWAG
135
Sound View Wealth Advisors Group
Georgia
$36.5K – – –
SGCA
136
Steel Grove Capital Advisors
Tennessee
$34.2K +$53.6K +15,000 New
Corient Private Wealth
137
Corient Private Wealth
Florida
$32.3K +$50.7K +14,175 New
HSA
138
HBK Sorce Advisory
Pennsylvania
$31.7K -$1.24K -346 -2%
PCIA
139
Prime Capital Investment Advisors
Kansas
$31.2K -$869 -243 -2%
Deutsche Bank
140
Deutsche Bank
Germany
$30.6K +$48K +13,412 New
CWP
141
Core Wealth Partners
California
$30.6K – – –
CAS
142
CTC Alternative Strategies
Illinois
$29.2K +$45.8K +12,800 New
GAM
143
Gotham Asset Management
New York
$29K -$147K -41,202 -76%
HT
144
Headlands Technologies
Illinois
$27.6K -$65.7K -18,381 -60%
CHAM
145
Clear Harbor Asset Management
Connecticut
$27.3K +$965 +270 +2%
VCA
146
Verdence Capital Advisors
Maryland
$27.3K -$4.44K -1,242 -9%
FPW
147
Flagship Private Wealth
Massachusetts
$26.6K – – –
DM
148
Deerfield Management
New York
$26.5K +$41.6K +11,635 New
HIC
149
Hartline Investment Corp
Illinois
$26.2K – – –
State of Wisconsin Investment Board
150
State of Wisconsin Investment Board
Wisconsin
$25.6K +$40.2K +11,240 New
4 5
6
7 8

BFLY Hedge Fund Activity: Q1 2025 in Review

206 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Butterfly Network (BFLY) for Q1 2025, worth a combined $233M — up 2.7% from $227M a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new BFLY positions and 25 closed out — a net gain of 34 holders — while 68 added to existing stakes and 38 trimmed.

The largest buyer was Capital World Investors, adding an estimated $25.5M. The largest seller was D.E. Shaw & Co, cutting an estimated $3.83M.

  • 206 institutional investors held Butterfly Network (BFLY) as of Q1 2025, up from 174 in Q4 2024.
  • Funds reported $233M of Butterfly Network stock for Q1 2025, up 2.7% quarter-over-quarter.
  • 59 funds opened new Butterfly Network positions in Q1 2025 and 25 closed out, a net change of +34 holders.
  • The largest Butterfly Network buyer in Q1 2025 was Capital World Investors, an estimated $25.5M added.
  • The largest Butterfly Network seller in Q1 2025 was D.E. Shaw & Co, an estimated $3.83M sold.

Based on aggregated 13F filings for Q1 2025.