Bakkt Inc
BKKT
45 hedge funds and large institutions have $11.9M invested in Bakkt Inc in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 17 reducing their positions, and 12 closing their positions.
235% more call options, than puts
Call options by funds: $1.04M | Put options by funds: $311K
0.02% less ownership
Funds ownership: 20.98% → 20.96% (-0.02%)
8% less funds holding
Funds holding: 49 → 45 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
59% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 17
65% less capital invested
Capital invested by funds: $33.7M → $11.9M (-$21.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$924K |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$562K |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
+$499K |
| 4 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$413K |
| 5 |
HF
HRT Financial
New York
|
+$351K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$1.17M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$605K |
| 3 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$550K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$393K |
| 5 |
6CM
683 Capital Management
New York
|
-$359K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIAM
51
Caitong International Asset Management
Hong Kong
| – | -$52.5K | -2,119 | Closed |
|
52
Jones Financial Companies
Des Peres,
Missouri
| – | -$9.91K | -400 | Closed |
|
|
QC
53
Quent Capital
New York
| – | -$4.61K | -186 | Closed |
|
|
AAP
54
Arax Advisory Partners
Denver,
Colorado
| – | -$1.81K | -73 | Closed |
|
|
OC
55
Oarsman Capital
Milwaukee,
Wisconsin
| – | -$991 | -40 | Closed |
|
56
RhumbLine Advisers
Boston,
Massachusetts
| – | -$842 | -34 | Closed |
|
57
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$223 | -9 | Closed |
|
BKKT Hedge Fund Activity: Q1 2025 in Review
45 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Bakkt Inc (BKKT) for Q1 2025, worth a combined $11.9M — down 65% from $33.7M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BKKT and 8 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 7 added.
The largest buyer was Millennium Management, adding an estimated $924K. The largest seller was Renaissance Technologies, exiting entirely with an estimated $1.17M sold.
- 45 institutional investors held Bakkt Inc (BKKT) as of Q1 2025, down from 49 in Q4 2024.
- Funds reported $11.9M of Bakkt Inc stock for Q1 2025, down 65% quarter-over-quarter.
- 8 funds opened new Bakkt Inc positions in Q1 2025 and 12 closed out, a net change of -4 holders.
- The largest Bakkt Inc buyer in Q1 2025 was Millennium Management, an estimated $924K added.
- The largest Bakkt Inc seller in Q1 2025 was Renaissance Technologies, an estimated $1.17M sold.
Based on aggregated 13F filings for Q1 2025.