Blend Labs
BLND
196 hedge funds and large institutions have $807M invested in Blend Labs in 2025 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 63 increasing their positions, 55 reducing their positions, and 40 closing their positions.
230% more call options, than puts
Call options by funds: $1.4M | Put options by funds: $425K
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
20% more capital invested
Capital invested by funds: $671M → $807M (+$136M)
15% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 55
0% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 40
2% less funds holding
Funds holding: 199 → 196 (-3)
4.41% less ownership
Funds ownership: 63.25% → 58.84% (-4.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$22.8M |
| 2 |
JGC
J. Goldman & Co
New York
|
+$8.58M |
| 3 |
WI
Whitebark Investors
Incline Village,
Nevada
|
+$7.46M |
| 4 |
SP
ShawSpring Partners
Boston,
Massachusetts
|
+$6.66M |
| 5 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
+$5.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$10.2M |
| 2 |
JP Morgan Chase
New York
|
-$8.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$7.59M |
| 4 |
Morgan Stanley
New York
|
-$7.03M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.98M |
BLND Hedge Fund Activity: Q1 2025 in Review
196 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Blend Labs (BLND) for Q1 2025, worth a combined $807M — up 20% from $671M a quarter earlier.
Fund positioning in BLND was balanced in Q1 2025: 40 funds opened new positions, 40 closed out, 63 added to existing stakes and 55 trimmed.
The largest buyer was Divisadero Street Capital Management, opening a new position worth an estimated $22.8M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $10.2M sold.
- 196 institutional investors held Blend Labs (BLND) as of Q1 2025, down from 199 in Q4 2024.
- Funds reported $807M of Blend Labs stock for Q1 2025, up 20% quarter-over-quarter.
- 40 funds opened new Blend Labs positions in Q1 2025 and 40 closed out, a net change of 0 holders.
- The largest Blend Labs buyer in Q1 2025 was Divisadero Street Capital Management, an estimated $22.8M added.
- The largest Blend Labs seller in Q1 2025 was Driehaus Capital Management, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2025.