Ballard Power Systems
BLDP
135 hedge funds and large institutions have $220M invested in Ballard Power Systems in 2025 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 40 increasing their positions, 38 reducing their positions, and 29 closing their positions.
105% more call options, than puts
Call options by funds: $7.83M | Put options by funds: $3.82M
6% more capital invested
Capital invested by funds: $207M → $220M (+$12.9M)
3.43% more ownership
Funds ownership: 25.37% → 28.8% (+3.4%)
5% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 38
3% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 29
3% less funds holding
Funds holding: 139 → 135 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$22.4M |
| 2 |
D.E. Shaw & Co
New York
|
+$12.8M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$8.32M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$7.62M |
| 5 |
Jane Street
New York
|
+$5.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
-$21.8M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.23M |
| 3 |
Goldman Sachs
New York
|
-$7.09M |
| 4 |
Zurich Cantonal Bank
Zurich,
Switzerland
|
-$4.51M |
| 5 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$2.89M |
BLDP Hedge Fund Activity: Q4 2025 in Review
135 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Ballard Power Systems (BLDP) for Q4 2025, worth a combined $220M — up 6.2% from $207M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BLDP and 28 opened new positions — a net loss of 1 holder — while 38 trimmed existing stakes and 40 added.
The largest buyer was Morgan Stanley, adding an estimated $22.4M. The largest seller was Legal & General Group, cutting an estimated $21.8M.
- 135 institutional investors held Ballard Power Systems (BLDP) as of Q4 2025, down from 139 in Q3 2025.
- Funds reported $220M of Ballard Power Systems stock for Q4 2025, up 6.2% quarter-over-quarter.
- 28 funds opened new Ballard Power Systems positions in Q4 2025 and 29 closed out, a net change of -1 holder.
- The largest Ballard Power Systems buyer in Q4 2025 was Morgan Stanley, an estimated $22.4M added.
- The largest Ballard Power Systems seller in Q4 2025 was Legal & General Group, an estimated $21.8M sold.
Based on aggregated 13F filings for Q4 2025.