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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 $992.0M 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: $1.36B
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: $1.71BQ4 2025: $1.36BQ1 2026: $1.39BQ2 2026: $992.0M
Institutions holding BLSH and their total value by quarter
QuarterHoldersValue
Q2 2026173$992.0M
Q1 2026202$1.39B
Q4 2025155$1.36B
Q3 2025145$1.71B
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
TFC Financial Management1$380.00%+1New
CBIZ Investment Advisory Services, LLC5$1890.00%+5New
Caitong International Asset Management Co., Ltd7$2650.00%+7New
Zions Bancorporation, National Association23$8710.00%+23New
Elyxium Wealth, LLC25$9470.00%+25New
Valley National Advisers Inc37$1.00K0.00%00.0%Unchanged
Luminist Capital LLC48$1.82K0.00%+24+100.0%Added
Kerr Financial Planning Corp75$1.89K0.00%00.0%Unchanged
Ankerstar Wealth, LLC51$1.93K0.00%+51New
Umb Bank N A70$2.65K0.00%+70New
IFC & Insurance Marketing, Inc.70$3.00K0.00%+70New
GWM Advisors LLC87$3.29K0.00%00.0%Unchanged
GAMMA Investing LLC88$3.33K0.00%+88New
Estate Planners Group, LLC95$3.60K0.00%+95New
MAI Capital Management100$3.79K0.00%00.0%Unchanged
Signaturefd, LLC100$3.79K0.00%00.0%Unchanged
Essential Investment Partners LLC100$3.79K0.00%+100New
NBT Bank N A38$4.17K0.00%−26−40.6%Reduced
Global Retirement Partners, LLC144$5.45K0.00%+134+1,340.0%Added
Penserra Capital Management LLC264$9.00K0.00%+264New
City State Bank250$9.47K0.00%+200+400.0%Added
Quarry LP250$9.47K0.00%+250New
Jones Financial Companies LLLP291$11.0K0.00%+291New
Smartleaf Asset Management LLC375$14.7K0.00%00.0%Unchanged
Hoey Investments, Inc400$15.1K0.00%−100−20.0%Reduced
Farther Finance Advisors, LLC423$16.0K0.00%+423New
CWM, LLC485$18.0K0.00%00.0%Unchanged
10Elms LLP500$18.9K0.02%00.0%Unchanged
Barclays PLC643$24.4K0.00%−33,770−98.1%Reduced
TSFG, LLC700$27.0K0.00%00.0%Unchanged
Rakuten Securities, Inc.736$27.9K0.01%+736New
MetLife Investment Management788$29.8K0.00%+788New
STRS Ohio792$30.0K0.00%+792New
Steward Partners Investment Advisory, LLC936$35.4K0.00%−292−23.8%Reduced
Albion Financial Group1,000$37.9K0.00%00.0%Unchanged
Allworth Financial LP1,031$39.0K0.00%+6+0.6%Added
Advisor Group Holdings, Inc.1,349$51.1K0.00%−215−13.7%Reduced
IFP Advisors, Inc1,389$52.6K0.00%00.0%Unchanged
Kestra Advisory Services, LLC1,607$60.9K0.00%+1,607New
Sterling Capital Management LLC1,690$64.0K0.00%+1,690New
California State Teachers Retirement System2,058$77.9K0.00%+2,058New
Amalgamated Bank2,341$89.0K0.00%+2,341New
Russell Investments Group, Ltd.2,792$105.7K0.00%+2,792New
Leonteq Securities AG2,800$106.0K0.01%+2,250+409.1%Added
Legal & General Group Plc3,183$120.5K0.00%−158−4.7%Reduced
Federation des caisses Desjardins du Quebec4,408$166.9K0.00%+4,308+4,308.0%Added
Newbridge Financial Services Group, Inc.4,435$168.0K0.03%+1,270+40.1%Added
Vontobel Holding Ltd.4,558$172.6K0.00%−850−15.7%Reduced
Tower Research Capital LLC (TRC)4,855$183.9K0.00%+1,108+29.6%Added
Emerald Mutual Fund Advisers Trust5,000$189.3K0.01%00.0%Unchanged
Raymond James Financial Inc5,364$203.1K0.00%−6,184−53.6%Reduced
Vident Advisory, LLC6,120$231.8K0.00%+6,120New
Clear Street Group Inc.6,140$232.5K0.00%+6,140New
R Squared Ltd6,344$240.2K0.11%+6,344New
Stifel Financial Corp6,950$263.2K0.00%+6,950New
Armistice Capital, LLC7,419$281.0K0.01%+7,419New
Steel Peak Wealth Management LLC7,558$286.2K0.01%+7,558New
Mirae Asset Global ETFs Holdings Ltd.7,658$290.0K0.00%+7,658New
EP Wealth Advisors, LLC8,500$321.9K0.00%+8,500New
J. Derek Lewis & Associates Inc.8,800$333.3K0.08%+8,800New
SBI Securities Co., Ltd.9,069$343.4K0.01%−5,123−36.1%Reduced
Captrust Financial Advisors9,267$350.9K0.00%+5,126+123.8%Added
Janney Montgomery Scott LLC9,295$352.0K0.00%+1,820+24.3%Added
Public Employees Retirement System of Ohio9,953$376.9K0.00%+9,953New
Sandia Investment Management LP10,000$378.7K0.94%+9,800+4,900.0%Added
Cambridge Investment Research Advisors, Inc.10,077$382.0K0.00%+3,695+57.9%Added
Independent Financial Group, LLC10,665$403.9K0.01%+6,465+153.9%Added
Boothbay Fund Management, LLC10,786$408.5K0.01%+10,786New
NLB Skladi, upravljanje premozenja, d.o.o.11,352$429.9K0.02%+11,352New
Gardner Lewis Asset Management L P11,635$440.6K0.11%+11,635New
Citigroup Inc12,729$482.0K0.00%+9,575+303.6%Added
BNP Paribas Arbitrage, SA12,800$484.7K0.00%+12,800New
New York State Common Retirement Fund13,500$511.2K0.00%+13,500New
Police & Firemen's Retirement System of New Jersey13,649$516.9K0.00%+13,649New
Treasurer of the State of North Carolina13,850$525.0K0.00%+13,850New
Price T Rowe Associates Inc15,179$575.0K0.00%+15,179New
Cantor Fitzgerald, L. P.15,450$585.1K0.02%+15,450New
B & T Capital Management DBA Alpha Capital Management15,514$587.5K0.08%+4,202+37.1%Added
Rockefeller Capital Management L.P.16,268$616.1K0.00%+7,193+79.3%Added
Envestnet Asset Management Inc17,246$653.1K0.00%+1,545+9.8%Added
Two Sigma Investments, LP18,824$712.9K0.00%−548,891−96.7%Reduced
Benjamin Edwards Inc19,892$753.2K0.01%+8,420+73.4%Added
Cetera Investment Advisers19,941$755.2K0.00%+3,211+19.2%Added
Renaissance Capital LLC21,052$797.2K0.57%−17,237−45.0%Reduced
SEI Investments Co21,341$808.2K0.00%+15,658+275.5%Added
Rhumbline Advisers22,542$853.6K0.00%+22,542New
Delta Global Management LP23,500$889.9K0.06%+23,500New
Royal Bank of Canada25,099$950.0K0.00%−90,098−78.2%Reduced
Readystate Asset Management LP30,021$1.14M0.05%+5,021+20.1%Added
Wells Fargo & Company32,006$1.21M0.00%+2,518+8.5%Added
LPL Financial LLC32,200$1.22M0.00%+12,270+61.6%Added
Nomura Holdings Inc34,180$1.29M0.00%+22,531+193.4%Added
Walleye Capital LLC35,753$1.35M0.01%+3,728+11.6%Added
Goldman Sachs Group Inc40,712$1.54M0.00%−6,696−14.1%Reduced
Franklin Resources Inc41,467$1.57M0.00%+1,467+3.7%Added
Vanguard Group Inc43,200$1.64M0.00%+43,200New
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.42,800$1.68M0.00%00.0%Unchanged
Bank of America Corp46,335$1.75M0.00%−79,979−63.3%Reduced
Clear Street Markets LLC46,760$1.77M0.32%+46,760New
TD Asset Management Inc49,104$1.86M0.00%−6,812−12.2%Reduced