Bakkt Inc
BKKT
80 hedge funds and large institutions have $28M invested in Bakkt Inc in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 21 reducing their positions, and 12 closing their positions.
103% more call options, than puts
Call options by funds: $1.36M | Put options by funds: $670K
52% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 21
0.26% less ownership
Funds ownership: 1.27% → 1.02% (-0.26%)
2% less funds holding
Funds holding: 82 → 80 (-2)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
33% less capital invested
Capital invested by funds: $41.6M → $28M (-$13.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
+$859K |
| 2 |
BlackRock
New York
|
+$763K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$403K |
| 4 |
VanEck Associates
New York
|
+$293K |
| 5 |
Renaissance Technologies
New York
|
+$258K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.79M |
| 2 |
SA
SRN Advisors
Huntingdon Valley,
Pennsylvania
|
-$1.35M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$951K |
| 4 |
CCP
Corbin Capital Partners
New York
|
-$861K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$318K |
BKKT Hedge Fund Activity: Q2 2023 in Review
80 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Bakkt Inc (BKKT) for Q2 2023, worth a combined $28M — down 33% from $41.6M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BKKT and 10 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 32 added.
The largest buyer was Exchange Traded Concepts, adding an estimated $859K. The largest seller was Vanguard Group, cutting an estimated $1.79M.
- 80 institutional investors held Bakkt Inc (BKKT) as of Q2 2023, down from 82 in Q1 2023.
- Funds reported $28M of Bakkt Inc stock for Q2 2023, down 33% quarter-over-quarter.
- 10 funds opened new Bakkt Inc positions in Q2 2023 and 12 closed out, a net change of -2 holders.
- The largest Bakkt Inc buyer in Q2 2023 was Exchange Traded Concepts, an estimated $859K added.
- The largest Bakkt Inc seller in Q2 2023 was Vanguard Group, an estimated $1.79M sold.
Based on aggregated 13F filings for Q2 2023.