Bakkt Inc
BKKT
85 hedge funds and large institutions have $19M invested in Bakkt Inc in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 29 closing their positions.
688% more call options, than puts
Call options by funds: $1.21M | Put options by funds: $153K
0.18% less ownership
Funds ownership: 1.35% → 1.17% (-0.18%)
14% less funds holding
Funds holding: 99 → 85 (-14)
20% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 30
48% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 29
72% less capital invested
Capital invested by funds: $68.6M → $19M (-$49.6M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$7.36M |
| 2 |
VanEck Associates
New York
|
+$4.25M |
| 3 |
LM
Luminus Management
Houston,
Texas
|
+$1.09M |
| 4 |
Renaissance Technologies
New York
|
+$899K |
| 5 |
Morgan Stanley
New York
|
+$519K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$5.8M |
| 2 |
VA
Vident Advisory
Alpharetta,
Georgia
|
-$1.47M |
| 3 |
Millennium Management
New York
|
-$1.44M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$786K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$747K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Vontobel Holding
Zurich,
Switzerland
| – | -$66.9K | -1,200 | Closed |
|
|
A
102
AJOVista
Boston,
Massachusetts
| – | -$65.1K | -1,167 | Closed |
|
103
VOYA Investment Management
Atlanta,
Georgia
| – | -$62.6K | -1,123 | Closed |
|
|
RWMG
104
Redwood Wealth Management Group
Medford,
New Jersey
| – | -$53.2K | -954 | Closed |
|
105
Squarepoint
New York
| – | -$49.7K | -892 | Closed |
|
|
JFG
106
Jefferies Financial Group
New York
| – | -$44.6K | -800 | Closed |
|
107
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
| – | -$41.2K | -740 | Closed |
|
|
SRL
108
Scientech Research LLC
Jersey City,
New Jersey
| – | -$30.5K | -548 | Closed |
|
|
MAG
109
Mayfair Advisory Group
Birmingham,
Alabama
| – | -$21.2K | -400 | Closed |
|
110
Russell Investments Group
London,
United Kingdom
| – | -$13.6K | -244 | Closed |
|
|
OP
111
ORG Partners
Roanoke,
Indiana
| – | -$480 | -9 | Closed |
|
|
RWPA
112
Richard W. Paul & Associates
Novi,
Michigan
| – | -$459 | -8 | Closed |
|
113
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$245 | -4 | Closed |
|
BKKT Hedge Fund Activity: Q1 2024 in Review
85 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Bakkt Inc (BKKT) for Q1 2024, worth a combined $19M — down 72% from $68.6M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BKKT and 15 opened new positions — a net loss of 14 holders — while 30 trimmed existing stakes and 24 added.
The largest buyer was Horizon Kinetics Asset Management, adding an estimated $7.36M. The largest seller was Exchange Traded Concepts, exiting entirely with an estimated $5.8M sold.
- 85 institutional investors held Bakkt Inc (BKKT) as of Q1 2024, down from 99 in Q4 2023.
- Funds reported $19M of Bakkt Inc stock for Q1 2024, down 72% quarter-over-quarter.
- 15 funds opened new Bakkt Inc positions in Q1 2024 and 29 closed out, a net change of -14 holders.
- The largest Bakkt Inc buyer in Q1 2024 was Horizon Kinetics Asset Management, an estimated $7.36M added.
- The largest Bakkt Inc seller in Q1 2024 was Exchange Traded Concepts, an estimated $5.8M sold.
Based on aggregated 13F filings for Q1 2024.