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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
LWMI
201
Legacy Wealth Management (Idaho)
Idaho
$228 -$1.43K -400 -80%
Nisa Investment Advisors
202
Nisa Investment Advisors
Missouri
$228 – – –
SC
203
Swan Capital
Florida
$228 – – –
FFA
204
Farther Finance Advisors
California
$222 – – –
FFA
205
Frazier Financial Advisors
Ohio
$37 – – –
HNB
206
Huntington National Bank
Ohio
$2 – – –
PHP
207
Parkman Healthcare Partners
Connecticut
– -$2.34M -750,000 Closed
FAM
208
Fred Alger Management
New York
– -$769K -246,558 Closed
AE
209
AMH Equity
New York
– -$624K -200,000 Closed
BBA
210
Baader Bank Aktiengesellschaft
Germany
– -$287K -92,000 Closed
AGM
211
Alpine Global Management
New York
– -$191K -61,150 Closed
Connor, Clark & Lunn Investment Management (CC&L)
212
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$172K -55,256 Closed
GPA
213
Guidance Point Advisors
Massachusetts
– -$105K -33,535 Closed
MG
214
Marex Group
– -$93.6K -30,000 Closed
Prudential Financial
215
Prudential Financial
New Jersey
– -$72.4K -23,200 Closed
Balyasny Asset Management
216
Balyasny Asset Management
Illinois
– -$71.2K -22,825 Closed
KWA
217
Kingswood Wealth Advisors
California
– -$69.6K -22,300 Closed
DFCM
218
Dark Forest Capital Management
Puerto Rico
– -$45.3K -14,509 Closed
KAS
219
Kestra Advisory Services
Texas
– -$36.7K -11,777 Closed
YIH
220
Y-Intercept (HK)
Hong Kong
– -$34.4K -11,025 Closed
GSC
221
Ground Swell Capital
South Carolina
– -$31.8K -10,192 Closed
Bank of Montreal
222
Bank of Montreal
Ontario, Canada
– -$22.9K -7,325 Closed
TWC
223
TD Waterhouse Canada
Ontario, Canada
– -$10.9K -3,500 Closed
PFBT
224
Parkside Financial Bank & Trust
Missouri
– -$9.36K -3,000 Closed
PIS
225
POM Investment Strategies
North Carolina
– -$5.62K -1,800 Closed
6 7 8
9
10

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.