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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$189M |
| 2 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$109M |
| 3 |
NAMA
Nikko Asset Management Americas
New York
|
+$53M |
| 4 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$52.9M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$52.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$65.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$27.2M |
| 3 |
Two Sigma Investments
New York
|
-$26.7M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$16.7M |
| 5 |
FIG
Fortress Investment Group
New York
|
-$15.9M |
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.