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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 2 sales; 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
Gotham Asset Management, LLC51,256$1.94M0.01%+46,305+935.3%Added
Harvest Portfolios Group Inc.52,553$1.99M0.03%+52,553New
Northern Trust Corp52,649$1.99M0.00%+52,649New
Renaissance Technologies LLC56,333$2.13M0.00%+56,333New
Bank of New York Mellon Corp75,726$2.87M0.00%+75,726New
Vestmark Advisory Solutions, Inc.79,588$3.01M0.04%+36,872+86.3%Added
Voya Investment Management LLC79,939$3.03M0.00%+57,659+258.8%Added
North Reef Capital Management LP81,280$3.08M0.12%+1,280+1.6%Added
Nuveen, LLC82,418$3.12M0.00%+55,249+203.4%Added
Millennium Management LLC99,252$3.76M0.00%+48,380+95.1%Added
Tiger Global Management LLCSuperinvestorTiger Global Management100,000$3.79M0.01%00.0%Unchanged
Lykos Global Management, LP100,000$3.79M2.68%+100,000New
Winton Group Ltd107,892$4.09M0.14%−3,708−3.3%Reduced
Soros Fund Management LLCSuperinvestorSoros Fund Management108,200$4.10M0.05%−97,060−47.3%Reduced
Zimmer Partners, LP110,000$4.17M0.11%00.0%Unchanged
Ghisallo Capital Management LLC110,000$4.17M0.19%00.0%Unchanged
Philadelphia Financial Management of San Francisco, LLC125,000$4.73M0.98%+107,500+614.3%Added
Marex Group plc131,028$4.96M0.05%+131,028New
Exchange Traded Concepts, LLC132,980$5.04M0.04%−30,875−18.8%Reduced
Boundless Plain Holdings Ltd134,389$5.09M1.62%+134,389New
Lazard Asset Management LLC134,582$5.10M0.01%+47,344+54.3%Added
Davy Global Fund Management Ltd137,734$5.22M0.36%+83,929+156.0%Added
Sculptor Capital LP142,800$5.41M0.06%+109,200+325.0%Added
Seven Grand Managers, LLC150,000$5.68M0.43%00.0%Unchanged
LMR Partners LLP153,204$5.80M0.06%00.0%Unchanged
Robeco Institutional Asset Management B.V.160,000$6.06M0.01%+160,000New
Morgan Stanley163,220$6.18M0.00%+106,887+189.7%Added
JPMorgan Chase & Co163,512$6.19M0.00%+8,446+5.4%Added
Jane Street Group, LLC174,881$6.62M0.01%−37,312−17.6%Reduced
Rovida Investment Management Ltd200,000$7.57M1.03%−64,066−24.3%Reduced
Blackstone Group Inc.200,000$7.57M0.03%00.0%Unchanged
Toroso Investments, LLC221,867$8.40M0.04%−1,351,215−85.9%Reduced
Charles Schwab Investment Management Inc257,464$9.75M0.00%+257,464New
Freestone Grove Partners LP269,015$10.2M0.07%+119,015+79.3%Added
State Street Corp275,045$10.4M0.00%+275,045New
Geode Capital Management, LLC315,536$11.9M0.00%+159,948+102.8%Added
Susquehanna International Group, LLP319,663$12.1M0.02%+189,577+145.7%Added
Balyasny Asset Management LLC333,372$12.6M0.02%−342,048−50.6%Reduced
Norges Bank450,000$17.0M0.00%+450,000New
Arrowstreet Capital, Limited Partnership461,247$17.5M0.01%+289,716+168.9%Added
Alyeska Investment Group, L.P.623,559$23.6M0.07%+23,559+3.9%Added
Galaxy Group Investments LLC625,000$23.7M3.29%00.0%Unchanged
Van Eck Associates Corp644,218$24.4M0.02%−39,212−5.7%Reduced
Alliancebernstein L.P.769,292$29.1M0.01%−31,666−4.0%Reduced
Stephens Investment Management Group LLC850,248$32.2M0.42%+424,523+99.7%Added
T. Rowe Price Investment Management, Inc.930,774$35.2M0.02%−191,291−17.0%Reduced
Janus Henderson Group PLC1,238,313$46.9M0.02%+328,446+36.1%Added
UBS Group AG1,309,248$49.6M0.01%+1,085,846+486.1%Added
Massachusetts Financial Services Co1,563,985$59.2M0.02%+104,724+7.2%Added
Invesco Ltd.2,197,520$83.2M0.01%+1,023,835+87.2%Added
Nikko Asset Management Americas, Inc.2,524,820$95.5M1.10%+1,087,452+75.7%Added
Sumitomo Mitsui Trust Holdings, Inc.2,529,313$95.8M0.06%+1,086,420+75.3%Added
BlackRock, Inc.2,797,427$105.9M0.00%+56,246+2.1%Added
ARK Investment Management LLCSuperinvestorARK Invest4,821,700$182.6M1.21%+2,244,991+87.1%Added
FMR LLC4,966,689$188.1M0.01%+3,883,525+358.5%Added
Citadel Advisors LLC0$00.00%−557,717−100.0%Sold out
Fortress Investment Group LLC0$00.00%−250,000−100.0%Sold out
Lord, Abbett & Co. LLC0$00.00%−180,165−100.0%Sold out
Tudor Investment Corp Et Al0$00.00%−159,152−100.0%Sold out
Schonfeld Strategic Advisors LLC0$00.00%−150,033−100.0%Sold out
Steadfast Capital Management LP0$00.00%−145,000−100.0%Sold out
Jain Global LLC0$00.00%−142,163−100.0%Sold out
Healthcare of Ontario Pension Plan Trust Fund0$00.00%−140,000−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−132,729−100.0%Sold out
Davidson Kempner Capital Management LP0$00.00%−111,000−100.0%Sold out
Principal Financial Group Inc0$00.00%−110,587−100.0%Sold out
D. E. Shaw & Co., Inc.0$00.00%−100,000−100.0%Sold out
Scge Management, L.P.0$00.00%−100,000−100.0%Sold out
Hudson Bay Capital Management LP0$00.00%−90,834−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−76,100−100.0%Sold out
Nwam LLC0$00.00%−71,255−100.0%Sold out
Group One Trading, L.P.0$00.00%−63,470−100.0%Sold out
Woodline Partners LP0$00.00%−60,000−100.0%Sold out
Simplex Trading, LLC0$00.00%−56,759−100.0%Sold out
Monashee Investment Management LLC0$00.00%−50,000−100.0%Sold out
Weiss Asset Management LP0$00.00%−44,314−100.0%Sold out
BIT Capital GmbH0$00.00%−22,980−100.0%Sold out
Maltese Capital Management LLC0$00.00%−19,300−100.0%Sold out
CenterBook Partners LP0$00.00%−18,621−100.0%Sold out
Engineers Gate Manager LP0$00.00%−10,313−100.0%Sold out
Marshall Wace, LLP0$00.00%−7,824−100.0%Sold out
Phoenix Holdings Ltd.0$00.00%−7,789−100.0%Sold out
Verition Fund Management LLC0$00.00%−6,123−100.0%Sold out
State of Wisconsin Investment Board0$00.00%−5,000−100.0%Sold out
Cerity Partners LLC0$00.00%−5,000−100.0%Sold out
GTS Securities LLC0$00.00%−4,694−100.0%Sold out
Global Assets Advisory, LLC0$00.00%−4,000−100.0%Sold out
Ameriprise Financial Inc0$00.00%−3,737−100.0%Sold out
Prime Capital Investment Advisors, LLC0$00.00%−3,566−100.0%Sold out
Mariner, LLC0$00.00%−3,520−100.0%Sold out
Private Advisor Group, LLC0$00.00%−3,501−100.0%Sold out
Avidian Wealth Solutions, LLC0$00.00%−3,360−100.0%Sold out
Advisory Services Network, LLC0$00.00%−1,969−100.0%Sold out
Bank of Montreal0$00.00%−1,700−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−807−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−450−100.0%Sold out
FNY Investment Advisers, LLC0$00.00%−454−100.0%Sold out
Tradewinds Capital Management, LLC0$00.00%−392−100.0%Sold out
Groupe la Francaise0$00.00%−100−100.0%Sold out
Principal Securities, Inc.0$00.00%−43−100.0%Sold out