Blend Labs
BLND
93 hedge funds and large institutions have $108M invested in Blend Labs in 2023 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 15 increasing their positions, 34 reducing their positions, and 38 closing their positions.
600% more call options, than puts
Call options by funds: $7K | Put options by funds: $1K
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
4.63% less ownership
Funds ownership: 53.38% → 48.75% (-4.6%)
13% less capital invested
Capital invested by funds: $123M → $108M (-$15.7M)
16% less funds holding
Funds holding: 111 → 93 (-18)
47% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 38
56% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$4.08M |
| 2 |
Millennium Management
New York
|
+$2.96M |
| 3 |
JGC
J. Goldman & Co
New York
|
+$1.33M |
| 4 |
SP
ShawSpring Partners
Boston,
Massachusetts
|
+$758K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$672K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$8.69M |
| 2 |
State Street
Boston,
Massachusetts
|
-$2.8M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$1.69M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.46M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
US Bancorp
Minneapolis,
Minnesota
| – | -$2.61K | -2,623 | Closed |
|
|
S
127
SignatureFD
Atlanta,
Georgia
| – | -$2.28K | -2,290 | Closed |
|
|
PA
128
Parallel Advisors
San Francisco,
California
| – | -$1.39K | -1,398 | Closed |
|
|
EI
129
Ellevest Inc
New York
| – | -$263 | -264 | Closed |
|
BLND Hedge Fund Activity: Q2 2023 in Review
93 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Blend Labs (BLND) for Q2 2023, worth a combined $108M — down 13% from $123M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of BLND and 20 opened new positions — a net loss of 18 holders — while 34 trimmed existing stakes and 15 added.
The largest buyer was EdgePoint Investment Group, adding an estimated $4.08M. The largest seller was BlackRock, cutting an estimated $8.69M.
- 93 institutional investors held Blend Labs (BLND) as of Q2 2023, down from 111 in Q1 2023.
- Funds reported $108M of Blend Labs stock for Q2 2023, down 13% quarter-over-quarter.
- 20 funds opened new Blend Labs positions in Q2 2023 and 38 closed out, a net change of -18 holders.
- The largest Blend Labs buyer in Q2 2023 was EdgePoint Investment Group, an estimated $4.08M added.
- The largest Blend Labs seller in Q2 2023 was BlackRock, an estimated $8.69M sold.
Based on aggregated 13F filings for Q2 2023.