Blend Labs, Inc.: which funds bought and sold

Institutions that bought and sold Blend Labs shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 82 institutions that filed 13F reports for both quarters added to or opened positions in Blend Labs, and 104 cut or closed them. Together they sold a net 12.2M shares, −7.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 7.1M shares (+39.5%); index fund managers were net sellers of 2.6M shares (−5.3%). 28 opened a new position and 37 sold out entirely.

Bought, Q2 2026 82 institutions, 28 of them new holders Sold, Q2 2026 104 institutions, 37 of them sold out

Net change, all compared −12.2M shares (−7.7%)

Net change, active managers +7.1M shares (+39.5%), 16 bought, 13 sold

Buyers versus sellers

institutions compared, 217

82 bought 31 104 sold

Active managers and hedge funds 16 bought · 13 sold · +7.1M

Index fund managers 3 bought · 8 sold · −2.6M

Other institutions 63 bought · 83 sold · −16.7M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Haveli Investment Management LLC	+7.8M +72.3%	18.7M	$32M
Capricorn Fund Managers Ltd	+4.8M +74.1%	11.3M	$19.3M
Millennium Management LLC Hedge fund	+3.3M +1494.1%	3.5M	$6M
Marshall Wace, LLP Hedge fund	+3.0M +176.0%	4.8M	$8.2M
D. E. Shaw & Co., Inc. Hedge fund	+805K +129.7%	1.4M	$2.4M
Rice Hall James & Associates, LLC	+554K +55.0%	1.6M	$2.7M
Essex Investment Management Co LLC	+492K +64.6%	1.3M	$2.1M
Man Group PLC Hedge fund	+375K +287.0%	505K	$863,706
Citadel Advisors LLC Hedge fund	+370K +7.9%	5.1M	$8.7M
Prospect Capital Advisors, LLC	+369K +50.4%	1.1M	$1.9M
Jacobs Levy Equity Management, Inc Active manager	+353K +16.3%	2.5M	$4.3M
AQR Capital Management LLC Hedge fund	+263K +42.2%	886K	$1.5M
Point72 Asset Management, L.P. Hedge fund	+257K New position	257K	$439,761
Geode Capital Management, LLC Index funds	+240K +5.0%	5.1M	$8.7M
Pathway Capital Management, LP	+214K New position	214K	$366,297
Entrypoint Capital, LLC	+197K New position	197K	$336,431
Balyasny Asset Management L.P. Hedge fund	+175K +138.6%	301K	$515,035
Wealth Enhancement Advisory Services, LLC	+154K +514.8%	184K	$312,062
Squarepoint Ops LLC Hedge fund	+124K New position	124K	$212,300
First Manhattan Co. Llc. Active manager	+123K +23.0%	660K	$1.1M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	+3.3M +1494.1%	3.5M	$6M
Marshall Wace, LLP Hedge fund	+3.0M +176.0%	4.8M	$8.2M
D. E. Shaw & Co., Inc. Hedge fund	+805K +129.7%	1.4M	$2.4M
Man Group PLC Hedge fund	+375K +287.0%	505K	$863,706
Citadel Advisors LLC Hedge fund	+370K +7.9%	5.1M	$8.7M
Jacobs Levy Equity Management, Inc Active manager	+353K +16.3%	2.5M	$4.3M
AQR Capital Management LLC Hedge fund	+263K +42.2%	886K	$1.5M
Point72 Asset Management, L.P. Hedge fund	+257K New position	257K	$439,761
Balyasny Asset Management L.P. Hedge fund	+175K +138.6%	301K	$515,035
Squarepoint Ops LLC Hedge fund	+124K New position	124K	$212,300

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Lightspeed Management Company, L.L.C.	−23.1M Sold out	0	—
Divisadero Street Capital Management, LP	−3.0M −93.7%	199K	$340,056
Vanguard Capital Management LLC Index funds	−1.2M −12.1%	8.5M	$14.5M
Royce & Associates LP Active manager	−1.0M Sold out	0	—
Samjo Management, LLC	−983K Sold out	0	—
Stoic Point Capital Management LLC	−840K Sold out	0	—
Blackrock, Inc. Index funds	−708K −4.3%	15.6M	$26.6M
Xtx Topco Ltd	−557K −91.8%	50K	$85,343
Vanguard Portfolio Management LLC Index funds	−487K −7.3%	6.2M	$10.6M
Goldman Sachs Group Inc	−462K −17.8%	2.1M	$3.7M
Qube Research & Technologies Ltd Hedge fund	−449K Sold out	0	—
Morgan Stanley	−407K −65.0%	219K	$374,817
Swiss National Bank	−403K Sold out	0	—
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC	−342K −98.3%	5,761	$9,851
HRT Financial LP	−255K Sold out	0	—
Franklin Resources Inc Active manager	−251K −38.8%	395K	$675,942
Cypress Point Investment Management LP	−240K −1.6%	14.3M	$24.4M
Massar Capital Management, LP	−220K Sold out	0	—
California State Teachers Retirement System	−198K −98.7%	2,538	$4,340
Potrero Capital Research LLC	−170K −31.0%	379K	$648,559

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Royce & Associates LP Active manager	−1.0M Sold out	0	—
Qube Research & Technologies Ltd Hedge fund	−449K Sold out	0	—
Franklin Resources Inc Active manager	−251K −38.8%	395K	$675,942
Lighthouse Investment Partners, LLC Hedge fund	−150K −65.1%	80K	$137,287
Panagora Asset Management Inc Active manager	−116K Sold out	0	—
FMR LLC Active manager	−106K −80.6%	26K	$43,762
Quadrature Capital Ltd Hedge fund	−94K Sold out	0	—
Tudor Investment Corp Et Al Hedge fund	−28K −2.0%	1.4M	$2.4M
Two Sigma Investments, LP Hedge fund	−23K −25.1%	68K	$116,294
Winton Group Ltd Hedge fund	−23K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Point72 Asset Management, L.P.Hedge fund	257K	$439,761
Pathway Capital Management, LP	214K	$366,297
Entrypoint Capital, LLC	197K	$336,431
Squarepoint Ops LLCHedge fund	124K	$212,300
Liberty Mutual Group Asset Management Inc.	116K	$197,712
Atom Investors LP	93K	$158,532
Westmount Partners, LLC	45K	$76,950
Axq Capital, LP	40K	$68,258
Sequoia Financial Advisors, LLC	36K	$62,198
Y-Intercept (Hong Kong) Ltd	33K	$56,969

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Lightspeed Management Company, L.L.C.	23.1M	$39.3M
Royce & Associates LPActive manager	1.0M	$1.7M
Samjo Management, LLC	983K	$1.7M
Stoic Point Capital Management LLC	840K	$1.4M
Qube Research & Technologies LtdHedge fund	449K	$763,778
Swiss National Bank	403K	$685,610
HRT Financial LP	255K	$432,000
Massar Capital Management, LP	220K	$374,000
Susquehanna Fundamental Investments, LLC	147K	$249,756
Panagora Asset Management IncActive manager	116K	$196,464

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 182
Ten largest holders: 64.1%
Index fund managers: 30.7%
Active managers and hedge funds: 16.5%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	16	13	3	6	+7.1M	+39.5%
Index fund managers	3	8	0	0	−2.6M	−5.3%
Other institutions	63	83	25	31	−16.7M	−18.2%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Blend Labs.

Only managers that filed a holdings report for both quarters are compared (217 here). 5 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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