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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

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

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
NC
201
North Capital
Utah
– -$954 -15 Closed
5 6 7 8
9

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.