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Bullish

BLSH
Exchange
NYSE
Industry
Finance Services
SEC CIK
0001872195

In the last 90 days, Bullish insiders filed 0 open-market purchases and 1 sale; 173 institutions reported holding it in 13F filings for Q2 2026, worth $992.3M in total; ARK Invest is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in Bullish as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
155
+11 vs. Q3 2025
Shares held
36.0M
+9.13M (+34.0%) vs. Q3 2025
Total value
$1.36B
−$344.8M (−20.2%) vs. Q3 2025
New holders
57
53 more added
Sold out
46
25 more reduced

1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BLSH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 155 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 0 institutionsQ3 2022: 0 institutionsQ4 2022: 0 institutionsQ1 2023: 0 institutionsQ2 2023: 0 institutionsQ3 2023: 0 institutionsQ4 2023: 0 institutionsQ1 2024: 0 institutionsQ2 2024: 0 institutionsQ3 2024: 0 institutionsQ4 2024: 0 institutionsQ1 2025: 0 institutionsQ2 2025: 0 institutionsQ3 2025: 145 institutionsQ4 2025: 155 institutionsQ1 2026: 202 institutionsQ2 2026: 173 institutions
Value heldQ4 2025: $1.39B
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $0Q3 2022: $0Q4 2022: $0Q1 2023: $0Q2 2023: $0Q3 2023: $0Q4 2023: $0Q1 2024: $0Q2 2024: $0Q3 2024: $0Q4 2024: $0Q1 2025: $0Q2 2025: $0Q3 2025: $1.72BQ4 2025: $1.39BQ1 2026: $1.39BQ2 2026: $992.3M
Institutions holding BLSH and their total value by quarter
QuarterHoldersValue
Q2 2026173$992.3M
Q1 2026202$1.39B
Q4 2025155$1.39B
Q3 2025145$1.72B
Q2 20250$0
Q1 20250$0
Q4 20240$0
Q3 20240$0
Q2 20240$0
Q1 20240$0
Q4 20230$0
Q3 20230$0
Q2 20230$0
Q1 20230$0
Q4 20220$0
Q3 20220$0
Q2 20220$0
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Bullish; share changes are against Q3 2025.

Institutions holding BLSH in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
FMR LLC4,966,689$188.1M0.01%+3,883,525+358.5%Added
ARK Investment Management LLCSuperinvestorARK Invest4,821,700$182.6M1.21%+2,244,991+87.1%Added
BlackRock, Inc.2,797,427$105.9M0.00%+56,246+2.1%Added
Sumitomo Mitsui Trust Holdings, Inc.2,529,313$95.8M0.06%+1,086,420+75.3%Added
Nikko Asset Management Americas, Inc.2,524,820$95.5M1.10%+1,087,452+75.7%Added
Invesco Ltd.2,197,520$83.2M0.01%+1,023,835+87.2%Added
Massachusetts Financial Services Co1,563,985$59.2M0.02%+104,724+7.2%Added
UBS Group AG1,309,248$49.6M0.01%+1,085,846+486.1%Added
Janus Henderson Group PLC1,238,313$46.9M0.02%+328,446+36.1%Added
T. Rowe Price Investment Management, Inc.930,774$35.2M0.02%−191,291−17.0%Reduced
Stephens Investment Management Group LLC850,248$32.2M0.42%+424,523+99.7%Added
Alliancebernstein L.P.769,292$29.1M0.01%−31,666−4.0%Reduced
Van Eck Associates Corp644,218$24.4M0.02%−39,212−5.7%Reduced
Galaxy Group Investments LLC625,000$23.7M3.29%00.0%Unchanged
Alyeska Investment Group, L.P.623,559$23.6M0.07%+23,559+3.9%Added
Arrowstreet Capital, Limited Partnership461,247$17.5M0.01%+289,716+168.9%Added
Norges Bank450,000$17.0M0.00%+450,000New
Balyasny Asset Management LLC333,372$12.6M0.02%−342,048−50.6%Reduced
Susquehanna International Group, LLP319,663$12.1M0.02%+189,577+145.7%Added
Geode Capital Management, LLC315,536$11.9M0.00%+159,948+102.8%Added
State Street Corp275,045$10.4M0.00%+275,045New
Freestone Grove Partners LP269,015$10.2M0.07%+119,015+79.3%Added
Charles Schwab Investment Management Inc257,464$9.75M0.00%+257,464New
Toroso Investments, LLC221,867$8.40M0.04%−1,351,215−85.9%Reduced
Blackstone Group Inc.200,000$7.57M0.03%00.0%Unchanged
Rovida Investment Management Ltd200,000$7.57M1.03%−64,066−24.3%Reduced
Jane Street Group, LLC174,881$6.62M0.01%−37,312−17.6%Reduced
JPMorgan Chase & Co163,512$6.19M0.00%+8,446+5.4%Added
Morgan Stanley163,220$6.18M0.00%+106,887+189.7%Added
Robeco Institutional Asset Management B.V.160,000$6.06M0.01%+160,000New
LMR Partners LLP153,204$5.80M0.06%00.0%Unchanged
Seven Grand Managers, LLC150,000$5.68M0.43%00.0%Unchanged
Sculptor Capital LP142,800$5.41M0.06%+109,200+325.0%Added
Davy Global Fund Management Ltd137,734$5.22M0.36%+83,929+156.0%Added
Lazard Asset Management LLC134,582$5.10M0.01%+47,344+54.3%Added
Boundless Plain Holdings Ltd134,389$5.09M1.62%+134,389New
Exchange Traded Concepts, LLC132,980$5.04M0.04%−30,875−18.8%Reduced
Marex Group plc131,028$4.96M0.05%+131,028New
Philadelphia Financial Management of San Francisco, LLC125,000$4.73M0.98%+107,500+614.3%Added
Zimmer Partners, LP110,000$4.17M0.11%00.0%Unchanged
Ghisallo Capital Management LLC110,000$4.17M0.19%00.0%Unchanged
Soros Fund Management LLCSuperinvestorSoros Fund Management108,200$4.10M0.05%−97,060−47.3%Reduced
Winton Group Ltd107,892$4.09M0.14%−3,708−3.3%Reduced
Tiger Global Management LLCSuperinvestorTiger Global Management100,000$3.79M0.01%00.0%Unchanged
Lykos Global Management, LP100,000$3.79M2.68%+100,000New
Millennium Management LLC99,252$3.76M0.00%+48,380+95.1%Added
Nuveen, LLC82,418$3.12M0.00%+55,249+203.4%Added
North Reef Capital Management LP81,280$3.08M0.12%+1,280+1.6%Added
Voya Investment Management LLC79,939$3.03M0.00%+57,659+258.8%Added
Vestmark Advisory Solutions, Inc.79,588$3.01M0.04%+36,872+86.3%Added
Bank of New York Mellon Corp75,726$2.87M0.00%+75,726New
Renaissance Technologies LLC56,333$2.13M0.00%+56,333New
Northern Trust Corp52,649$1.99M0.00%+52,649New
Harvest Portfolios Group Inc.52,553$1.99M0.03%+52,553New
Gotham Asset Management, LLC51,256$1.94M0.01%+46,305+935.3%Added
TD Asset Management Inc49,104$1.86M0.00%−6,812−12.2%Reduced
Clear Street Markets LLC46,760$1.77M0.32%+46,760New
Bank of America Corp46,335$1.75M0.00%−79,979−63.3%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.42,800$1.68M0.00%00.0%Unchanged
Vanguard Group Inc43,200$1.64M0.00%+43,200New
Franklin Resources Inc41,467$1.57M0.00%+1,467+3.7%Added
Goldman Sachs Group Inc40,712$1.54M0.00%−6,696−14.1%Reduced
Walleye Capital LLC35,753$1.35M0.01%+3,728+11.6%Added
Nomura Holdings Inc34,180$1.29M0.00%+22,531+193.4%Added
LPL Financial LLC32,200$1.22M0.00%+12,270+61.6%Added
Wells Fargo & Company32,006$1.21M0.00%+2,518+8.5%Added
Readystate Asset Management LP30,021$1.14M0.05%+5,021+20.1%Added
Royal Bank of Canada25,099$950.0K0.00%−90,098−78.2%Reduced
Delta Global Management LP23,500$889.9K0.06%+23,500New
Rhumbline Advisers22,542$853.6K0.00%+22,542New
SEI Investments Co21,341$808.2K0.00%+15,658+275.5%Added
Renaissance Capital LLC21,052$797.2K0.57%−17,237−45.0%Reduced
Cetera Investment Advisers19,941$755.2K0.00%+3,211+19.2%Added
Benjamin Edwards Inc19,892$753.2K0.01%+8,420+73.4%Added
Two Sigma Investments, LP18,824$712.9K0.00%−548,891−96.7%Reduced
Envestnet Asset Management Inc17,246$653.1K0.00%+1,545+9.8%Added
Rockefeller Capital Management L.P.16,268$616.1K0.00%+7,193+79.3%Added
B & T Capital Management DBA Alpha Capital Management15,514$587.5K0.08%+4,202+37.1%Added
Cantor Fitzgerald, L. P.15,450$585.1K0.02%+15,450New
Price T Rowe Associates Inc15,179$575.0K0.00%+15,179New
Treasurer of the State of North Carolina13,850$525.0K0.00%+13,850New
Police & Firemen's Retirement System of New Jersey13,649$516.9K0.00%+13,649New
New York State Common Retirement Fund13,500$511.2K0.00%+13,500New
BNP Paribas Arbitrage, SA12,800$484.7K0.00%+12,800New
Citigroup Inc12,729$482.0K0.00%+9,575+303.6%Added
Gardner Lewis Asset Management L P11,635$440.6K0.11%+11,635New
NLB Skladi, upravljanje premozenja, d.o.o.11,352$429.9K0.02%+11,352New
Boothbay Fund Management, LLC10,786$408.5K0.01%+10,786New
Independent Financial Group, LLC10,665$403.9K0.01%+6,465+153.9%Added
Cambridge Investment Research Advisors, Inc.10,077$382.0K0.00%+3,695+57.9%Added
Sandia Investment Management LP10,000$378.7K0.94%+9,800+4,900.0%Added
Public Employees Retirement System of Ohio9,953$376.9K0.00%+9,953New
Janney Montgomery Scott LLC9,295$352.0K0.00%+1,820+24.3%Added
Captrust Financial Advisors9,267$350.9K0.00%+5,126+123.8%Added
SBI Securities Co., Ltd.9,069$343.4K0.01%−5,123−36.1%Reduced
J. Derek Lewis & Associates Inc.8,800$333.3K0.08%+8,800New
EP Wealth Advisors, LLC8,500$321.9K0.00%+8,500New
Mirae Asset Global ETFs Holdings Ltd.7,658$290.0K0.00%+7,658New
Steel Peak Wealth Management LLC7,558$286.2K0.01%+7,558New
Armistice Capital, LLC7,419$281.0K0.01%+7,419New