Blend Labs

BLND • NYSE

Blend Labs is a software - application company in the technology sector on NYSE, led by Nima Ghamsari, with a market cap of $813.0M. As of Q3 2025, 61% of shares are held by 204 institutional investors, with Lightspeed Management Company, L.L.C. as the largest holder at 8.92%.

Head of BlendNima Ghamsari

Market Cap$813.0M

Software - Application

Technology

Employees881.0

Websiteblend.com

Country

United States of America

Overview

Overview of institutional ownership in BLND as of Q3 2025 with a market cap of $946.5M

All Institutions

Institutions: 204
Value Held: $575.1M
Shares Held: 157.6M
Avg Position: $2.8M
Median Position: $229.2K

Hedge Funds

Hedge Funds: 41
Value Held: $179.0M
Shares Held: 49.0M
Avg Position: $4.4M
Median Position: $1.0M

Ownership Breakdown

Institutional (non-HF)

41.85%

$396.1M

Hedge Funds

18.91%

$179.0M

Retail & Other

39.24%

$371.4M

Based on market cap of $946.5M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BLND as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Lightspeed Management Company, L.L.C. Private Equity	Aaron Michael Perrine Managing Partner	$84.4M 31.06% of portfolio	8.92% 23.1M shares	Q4 2024 Held for 11 months	$271.8M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$65.7M 0.00% of portfolio	6.94% 18.0M shares	Q3 2021 Held for 4y 2m	$6.69T
B BlackRock, Inc. Institution	-	$61.6M 0.00% of portfolio	6.50% 16.9M shares	Q3 2021 Held for 4y 2m	$5.67T
ShawSpring Partners LLC Hedge Fund•Long/Short	Dennis Hong Managing Partner	$35.9M 5.34% of portfolio	3.79% 9.8M shares	Q1 2022 Held for 3y 8m	$672.6M
M Metavasi Capital LP Hedge Fund•Long/Short	Peter Edward Treadway CIO	$24.5M 8.71% of portfolio	2.59% 6.7M shares	Q4 2022 Held for 2y 11m	$281.8M
Whitebark Investors LP Hedge Fund•Long/Short	Thomas Endel Mcconnon CIO	$20.3M 9.67% of portfolio	2.15% 5.6M shares	Q4 2024 Held for 11 months	$210.0M
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$20.3M 0.00% of portfolio	2.14% 5.5M shares	Q3 2021 Held for 4y 2m	$2.88T
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	Jay Glenn Goldman CEO	$19.5M 0.74% of portfolio	2.06% 5.3M shares	Q3 2022 Held for 3y 2m	$2.6B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$18.5M 0.00% of portfolio	1.95% 5.1M shares	Q3 2021 Held for 4y 2m	$1.57T
E EMERGENCE GP PARTNERS, LLC Institution	-	$15.5M 7.57% of portfolio	1.64% 4.2M shares	Q4 2023 Held for 1y 11m	$204.5M

Net Capital Flow

Institutional buying and selling activity for BLND in Q3 2025

Traded: +$32.2M
Buyers: 98
Sellers: 90
Total Bought: +$75.5M
Total Sold: −$43.3M
Avg Position: $2.5M

Biggest Buyers

Institution	Net Bought	Current Position
Park West Asset Management LLC Hedge Fund•Multi-Strategy	+$6.2M +1.7M shares	$6.2M 1.7M shares
P Prospect Capital Advisors, LLC Hedge Fund•Long/Short	+$5.1M +1.4M shares	$6.6M 1.8M shares
GOLDMAN SACHS GROUP INC Institution	+$5.0M +1.4M shares	$8.0M 2.2M shares
M Metavasi Capital LP Hedge Fund•Long/Short	+$4.8M +1.3M shares	$24.5M 6.7M shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	+$4.5M +1.2M shares	$4.5M 1.2M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$4.4M +1.2M shares	$5.5M 1.5M shares
MIRABELLA FINANCIAL SERVICES LLP Institution	+$3.8M +1.0M shares	$9.6M 2.6M shares
ShawSpring Partners LLC Hedge Fund•Long/Short	+$3.4M +929.6K shares	$35.9M 9.8M shares
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	+$3.0M +833.8K shares	$3.0M 833.8K shares
Whitebark Investors LP Hedge Fund•Long/Short	+$2.6M +712.3K shares	$20.3M 5.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	−$5.9M −1.6M shares	$19.5M 5.3M shares
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	−$5.1M −1.4M shares	$15.0M 4.1M shares
Marshall Wace LLP Institution	−$3.9M −1.1M shares	$5.3M 1.5M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$3.6M −999.4K shares	$2.3M 630.1K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$2.5M −743.2K shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$2.4M −661.1K shares	$6.4M 1.8M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	−$2.3M −621.2K shares	$2.0M 554.9K shares
Advantage Alpha Capital Partners LP Hedge Fund•Market Neutral	−$2.2M −607.6K shares	$1.8M 486.3K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$1.7M −475.7K shares	$2.1M 569.6K shares
STATE STREET CORP Institution	−$1.3M −358.6K shares	$20.3M 5.5M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BLND in Q3 2025

New Positions: 24
New Value: $15.2M
Exited Positions: 24
Exited Value: $4.9M

New Positions

Institution	Position Value
Park West Asset Management LLC Hedge Fund•Multi-Strategy	$6.2M 1.7M shares
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	$3.0M 833.8K shares
Cinctive Capital Management LP Hedge Fund•Multi-Strategy	$2.3M 640.9K shares
Proem Advisors LLC Hedge Fund•Long/Short	$1.1M 314.8K shares
M Massar Capital Management, LP Institution	$803.0K 220.0K shares
B BWCP, LP Hedge Fund•Long/Short	$248.0K 67.9K shares
S SYMMETRY PEAK MANAGEMENT LLC Institution	$214.1K 58.7K shares
SPRINGBOK CAPITAL MANAGEMENT, LLC Fund of Funds	$189.8K 52.0K shares
Q Quarry LP Institution	$184.1K 50.4K shares
SRS Capital Advisors, Inc. RIA/Wealth	$159.6K 43.7K shares

Exited Positions

Institution	Previous Position
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$2.5M 743.2K shares
H HRT FINANCIAL LLC Institution	$651.2K 197.3K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$533.4K 161.7K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$214.5K 65.0K shares
D Dynamic Technology Lab Private Ltd Institution	$190.2K 57.6K shares
Kovitz Investment Group Partners, LLC RIA/Wealth	$132.0K 40.0K shares
Gotham Asset Management, LLC Hedge Fund•Long/Short	$100.8K 30.5K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$90.4K 27.4K shares
M Man Group plc Institution	$80.4K 24.4K shares
Carmel Capital Partners, LLC Hedge Fund•Value	$64.7K 19.6K shares

Options Activity

Institutions with the largest Call and Put options positions in BLND as of Q3 2025

Call Positions: 9
Call Value: $4.4M
Put Positions: 6
Put Value: $3.2M

Call Positions

Institution	Position Value
M Metavasi Capital LP Hedge Fund•Long/Short	$2.2M 6.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$692.8K 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$589.1K 1.6K contracts
GOLDMAN SACHS GROUP INC Institution	$328.5K 900.0 contracts
W WOLVERINE TRADING, LLC Institution	$268.9K 717.0 contracts
S SYMMETRY PEAK MANAGEMENT LLC Institution	$178.5K 489.0 contracts
J JANE STREET GROUP, LLC Institution	$58.4K 160.0 contracts
S SIG BROKERAGE, LP Institution	$54.8K 150.0 contracts
Lido Advisors, LLC RIA/Wealth	$36.9K 101.0 contracts

Put Positions

Institution	Position Value
Caption Management, LLC Hedge Fund•Long/Short	$1.4M 3.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$647.1K 1.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$440.2K 1.2K contracts
Crawford Fund Management, LLC Hedge Fund•Long/Short	$354.1K 970.0 contracts
J JANE STREET GROUP, LLC Institution	$215.4K 590.0 contracts
W WOLVERINE TRADING, LLC Institution	$140.2K 384.0 contracts

Most Committed Institutions

Institutions with BLND as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Lightspeed Management Company, L.L.C. Private Equity	Aaron Michael Perrine Managing Partner	31.06% $84.4M	8.92% 23.1M shares	Q4 2024 Held for 11 months	$271.8M
Whitebark Investors LP Hedge Fund•Long/Short	Thomas Endel Mcconnon CIO	9.67% $20.3M	2.15% 5.6M shares	Q4 2024 Held for 11 months	$210.0M
M Metavasi Capital LP Hedge Fund•Long/Short	Peter Edward Treadway CIO	8.71% $24.5M	2.59% 6.7M shares	Q4 2022 Held for 2y 11m	$281.8M
E EMERGENCE GP PARTNERS, LLC Institution	-	7.57% $15.5M	1.64% 4.2M shares	Q4 2023 Held for 1y 11m	$204.5M
ShawSpring Partners LLC Hedge Fund•Long/Short	Dennis Hong Managing Partner	5.34% $35.9M	3.79% 9.8M shares	Q1 2022 Held for 3y 8m	$672.6M
P Prospect Capital Advisors, LLC Hedge Fund•Long/Short	Daniel William Mendoza Managing Partner	3.44% $6.6M	0.70% 1.8M shares	Q2 2025 Held for 5 months	$193.0M
S SYMMETRY PEAK MANAGEMENT LLC Institution	-	1.58% $214.1K	0.02% 58.7K shares	Q3 2025 Held for 2 months	$13.6M
P Panoramic Capital, LLC Hedge Fund•Long/Short	Irene Lan Chou CFO	1.53% $2.4M	0.25% 660.0K shares	Q4 2024 Held for 11 months	$157.8M
GOODNOW INVESTMENT GROUP, LLC Hedge Fund•Long/Short	Peter John Gavey CCO	1.06% $11.6M	1.23% 3.2M shares	Q3 2024 Held for 1y 2m	$1.1B
MIRABELLA FINANCIAL SERVICES LLP Institution	Jared Corey Kushner CEO	0.90% $9.6M	1.02% 2.6M shares	Q4 2024 Held for 11 months	$1.1B

Hedge Fund Spotlight

Discover hedge funds investing in BLND

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in Blend Labs

Market Value: $2.3M
Shares Held: 630.1K
Portfolio Weight: 0.00%
Owned Since: 2024-Q3

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2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
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