Blend Labs
BLND
194 hedge funds and large institutions have $508M invested in Blend Labs in 2025 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 52 increasing their positions, 74 reducing their positions, and 42 closing their positions.
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
3.42% more ownership
Funds ownership: 61.84% → 65.26% (+3.4%)
6% less call options, than puts
Call options by funds: $1.42M | Put options by funds: $1.51M
5% less funds holding
Funds holding: 205 → 194 (-11)
12% less capital invested
Capital invested by funds: $575M → $508M (-$67.1M)
19% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 42
30% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 74
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Irenic Capital Management
New York
|
+$9.94M |
| 2 |
PCR
Potrero Capital Research
San Francisco,
California
|
+$5.3M |
| 3 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$5.06M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.83M |
| 5 |
Jane Street
New York
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JGC
J. Goldman & Co
New York
|
-$14.7M |
| 2 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
-$11.6M |
| 3 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
-$9.65M |
| 4 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$6.44M |
| 5 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$6.21M |
BLND Hedge Fund Activity: Q4 2025 in Review
194 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Blend Labs (BLND) for Q4 2025, worth a combined $508M — down 12% from $575M a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of BLND and 34 opened new positions — a net loss of 8 holders — while 74 trimmed existing stakes and 52 added.
The largest buyer was Irenic Capital Management, opening a new position worth an estimated $9.94M. The largest seller was J. Goldman & Co, cutting an estimated $14.7M.
- 194 institutional investors held Blend Labs (BLND) as of Q4 2025, down from 205 in Q3 2025.
- Funds reported $508M of Blend Labs stock for Q4 2025, down 12% quarter-over-quarter.
- 34 funds opened new Blend Labs positions in Q4 2025 and 42 closed out, a net change of -8 holders.
- The largest Blend Labs buyer in Q4 2025 was Irenic Capital Management, an estimated $9.94M added.
- The largest Blend Labs seller in Q4 2025 was J. Goldman & Co, an estimated $14.7M sold.
Based on aggregated 13F filings for Q4 2025.