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BLSH

Bullish
BLSH

155 hedge funds and large institutions have $1.36B invested in Bullish in 2025 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 53 increasing their positions, 25 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

112% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 25

25% more call options, than puts

Call options by funds: $104M | Put options by funds: $83M

24% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 46

7% more funds holding

Funds holding: 145 → 155 (+10)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

20% less capital invested

Capital invested by funds: $1.71B → $1.36B (-$347M)

Holders
155
Holders Change
+10
Holders Change %
+6.9%
% of All Funds
1.88%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
57
Increased
53
Reduced
25
Closed
46
Calls
$104M
Puts
$83M
Net Calls
+$20.6M
Net Calls Change
-$2.29M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$189M
2
AIM
ARK Investment Management
Florida
+$109M
3
NAMA
Nikko Asset Management Americas
New York
+$53M
4
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$52.9M
5
UBS Group
UBS Group
Switzerland
+$52.9M

Top Sellers

Rank Fund Capital Flow
1
TI
Tidal Investments
Wisconsin
-$65.8M
2
Citadel Advisors
Citadel Advisors
Florida
-$27.2M
3
Two Sigma Investments
Two Sigma Investments
New York
-$26.7M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$16.7M
5
FIG
Fortress Investment Group
New York
-$15.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
51
Bank of New York Mellon
New York
$2.87M +$3.69M +75,726 New
Renaissance Technologies
52
Renaissance Technologies
New York
$2.13M +$2.74M +56,333 New
Northern Trust
53
Northern Trust
Illinois
$1.99M +$2.56M +52,649 New
HPG
54
Harvest Portfolios Group
Ontario, Canada
$1.99M +$2.56M +52,553 New
GAM
55
Gotham Asset Management
New York
$1.94M +$2.26M +46,305 +935%
TD Asset Management
56
TD Asset Management
Ontario, Canada
$1.86M -$332K -6,812 -12%
SSG
57
Summit Securities Group
New York
$1.77M +$2.28M +46,760 New
Bank of America
58
Bank of America
North Carolina
$1.75M -$3.9M -79,979 -63%
Mitsubishi UFJ Asset Management
59
Mitsubishi UFJ Asset Management
Japan
$1.68M – – –
Vanguard Group
60
Vanguard Group
Pennsylvania
$1.64M +$2.1M +43,200 New
Franklin Resources
61
Franklin Resources
California
$1.57M +$71.4K +1,467 +4%
Goldman Sachs
62
Goldman Sachs
New York
$1.54M -$326K -6,696 -14%
Walleye Capital
63
Walleye Capital
New York
$1.35M +$182K +3,728 +12%
Nomura Holdings
64
Nomura Holdings
Japan
$1.29M +$1.1M +22,531 +193%
LPL Financial
65
LPL Financial
California
$1.22M +$598K +12,270 +62%
Wells Fargo
66
Wells Fargo
California
$1.21M +$123K +2,518 +9%
RAM
67
Readystate Asset Management
Illinois
$1.14M +$245K +5,021 +20%
Royal Bank of Canada
68
Royal Bank of Canada
Ontario, Canada
$950K -$4.39M -90,098 -78%
DGM
69
Delta Global Management
New York
$890K +$1.14M +23,500 New
RhumbLine Advisers
70
RhumbLine Advisers
Massachusetts
$854K +$1.1M +22,542 New
SEI Investments
71
SEI Investments
Pennsylvania
$808K +$763K +15,658 +276%
RC
72
Renaissance Capital
Connecticut
$797K -$840K -17,237 -45%
Cetera Investment Advisers
73
Cetera Investment Advisers
Illinois
$755K +$156K +3,211 +19%
BEI
74
Benjamin Edwards Inc
Missouri
$753K +$410K +8,420 +73%
Two Sigma Investments
75
Two Sigma Investments
New York
$713K -$26.7M -548,891 -97%
1 2
3
4 5

BLSH Hedge Fund Activity: Q4 2025 in Review

155 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Bullish (BLSH) for Q4 2025, worth a combined $1.36B — down 20% from $1.71B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new BLSH positions and 46 closed out — a net gain of 11 holders — while 53 added to existing stakes and 25 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $189M. The largest seller was Tidal Investments, cutting an estimated $65.8M.

  • 155 institutional investors held Bullish (BLSH) as of Q4 2025, up from 145 in Q3 2025.
  • Funds reported $1.36B of Bullish stock for Q4 2025, down 20% quarter-over-quarter.
  • 57 funds opened new Bullish positions in Q4 2025 and 46 closed out, a net change of +11 holders.
  • The largest Bullish buyer in Q4 2025 was Fidelity Investments, an estimated $189M added.
  • The largest Bullish seller in Q4 2025 was Tidal Investments, an estimated $65.8M sold.

Based on aggregated 13F filings for Q4 2025.