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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
Stifel Financial Corp6,950$263.2K0.00%+6,950New
R Squared Ltd6,344$240.2K0.11%+6,344New
Clear Street Group Inc.6,140$232.5K0.00%+6,140New
Vident Advisory, LLC6,120$231.8K0.00%+6,120New
Raymond James Financial Inc5,364$203.1K0.00%−6,184−53.6%Reduced
Emerald Mutual Fund Advisers Trust5,000$189.3K0.01%00.0%Unchanged
Tower Research Capital LLC (TRC)4,855$183.9K0.00%+1,108+29.6%Added
Vontobel Holding Ltd.4,558$172.6K0.00%−850−15.7%Reduced
Newbridge Financial Services Group, Inc.4,435$168.0K0.03%+1,270+40.1%Added
Federation des caisses Desjardins du Quebec4,408$166.9K0.00%+4,308+4,308.0%Added
Legal & General Group Plc3,183$120.5K0.00%−158−4.7%Reduced
Leonteq Securities AG2,800$106.0K0.01%+2,250+409.1%Added
Russell Investments Group, Ltd.2,792$105.7K0.00%+2,792New
Amalgamated Bank2,341$89.0K0.00%+2,341New
California State Teachers Retirement System2,058$77.9K0.00%+2,058New
Sterling Capital Management LLC1,690$64.0K0.00%+1,690New
Kestra Advisory Services, LLC1,607$60.9K0.00%+1,607New
IFP Advisors, Inc1,389$52.6K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.1,349$51.1K0.00%−215−13.7%Reduced
Allworth Financial LP1,031$39.0K0.00%+6+0.6%Added
Albion Financial Group1,000$37.9K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC936$35.4K0.00%−292−23.8%Reduced
STRS Ohio792$30.0K0.00%+792New
MetLife Investment Management788$29.8K0.00%+788New
Rakuten Securities, Inc.736$27.9K0.01%+736New
TSFG, LLC700$27.0K0.00%00.0%Unchanged
Barclays PLC643$24.4K0.00%−33,770−98.1%Reduced
10Elms LLP500$18.9K0.02%00.0%Unchanged
CWM, LLC485$18.0K0.00%00.0%Unchanged
Farther Finance Advisors, LLC423$16.0K0.00%+423New
Hoey Investments, Inc400$15.1K0.00%−100−20.0%Reduced
Smartleaf Asset Management LLC375$14.7K0.00%00.0%Unchanged
Jones Financial Companies LLLP291$11.0K0.00%+291New
City State Bank250$9.47K0.00%+200+400.0%Added
Quarry LP250$9.47K0.00%+250New
Penserra Capital Management LLC264$9.00K0.00%+264New
Global Retirement Partners, LLC144$5.45K0.00%+134+1,340.0%Added
NBT Bank N A38$4.17K0.00%−26−40.6%Reduced
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
Estate Planners Group, LLC95$3.60K0.00%+95New
GAMMA Investing LLC88$3.33K0.00%+88New
GWM Advisors LLC87$3.29K0.00%00.0%Unchanged
IFC & Insurance Marketing, Inc.70$3.00K0.00%+70New
Umb Bank N A70$2.65K0.00%+70New
Ankerstar Wealth, LLC51$1.93K0.00%+51New
Kerr Financial Planning Corp75$1.89K0.00%00.0%Unchanged
Luminist Capital LLC48$1.82K0.00%+24+100.0%Added
Valley National Advisers Inc37$1.00K0.00%00.0%Unchanged
Elyxium Wealth, LLC25$9470.00%+25New
Zions Bancorporation, National Association23$8710.00%+23New
Caitong International Asset Management Co., Ltd7$2650.00%+7New
CBIZ Investment Advisory Services, LLC5$1890.00%+5New
TFC Financial Management1$380.00%+1New
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