Bakkt Inc
BKKT
96 hedge funds and large institutions have $67.5M invested in Bakkt Inc in 2025 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 36 increasing their positions, 16 reducing their positions, and 25 closing their positions.
181% more call options, than puts
Call options by funds: $11.7M | Put options by funds: $4.17M
125% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 16
28% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 25
3% more funds holding
Funds holding: 93 → 96 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6.61% less ownership
Funds ownership: 34.59% → 27.98% (-6.6%)
64% less capital invested
Capital invested by funds: $186M → $67.5M (-$118M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$12.4M |
| 2 |
Two Sigma Investments
New York
|
+$10.5M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.05M |
| 4 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$2.88M |
| 5 |
Jane Street
New York
|
+$2.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$11.8M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$9.98M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$5.31M |
| 4 |
NAM
NorthCrest Asset Manangement
Plymouth,
Minnesota
|
-$2.72M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.45M |
BKKT Hedge Fund Activity: Q4 2025 in Review
96 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Bakkt Inc (BKKT) for Q4 2025, worth a combined $67.5M — down 64% from $186M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new BKKT positions and 25 closed out — a net gain of 7 holders — while 36 added to existing stakes and 16 trimmed.
The largest buyer was Renaissance Technologies, opening a new position worth an estimated $12.4M. The largest seller was Marshall Wace, exiting entirely with an estimated $11.8M sold.
- 96 institutional investors held Bakkt Inc (BKKT) as of Q4 2025, up from 93 in Q3 2025.
- Funds reported $67.5M of Bakkt Inc stock for Q4 2025, down 64% quarter-over-quarter.
- 32 funds opened new Bakkt Inc positions in Q4 2025 and 25 closed out, a net change of +7 holders.
- The largest Bakkt Inc buyer in Q4 2025 was Renaissance Technologies, an estimated $12.4M added.
- The largest Bakkt Inc seller in Q4 2025 was Marshall Wace, an estimated $11.8M sold.
Based on aggregated 13F filings for Q4 2025.