Bakkt Inc (BKKT): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Bakkt Inc (BKKT) following the 2026 Q1 hedge fund 13F filings?

As of today, BKKT has moved +11.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.6% for the XLK sector ETF — an outperformance of +2.8%. Since the quarter end (March 31, 2026), BKKT gained +25.3% vs +44.0% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Bakkt Inc (BKKT)

106 + Investors. Track Smart Money conviction in BKKT. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — BKKT

Based on 107 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q

For 4 consecutive quarters, more hedge funds added BKKT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

107 hedge funds hold BKKT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +143% more funds vs a year ago

fund count last 6Q

+63 new funds entered over the past year (+143% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 65% buying

74 buying40 selling

Last quarter: 74 funds were net buyers (34 opened a brand new position + 40 added to an existing one). Only 40 were sellers (20 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~34 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 20 → 43 → 30 → 34. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 53% entered in last year

■ 7% conviction (2yr+) ■ 39% medium ■ 53% new

Only 8 funds (7%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💎

Buying through price weakness — shares +31%, value -88%

Value

-88%

+30%

Last quarter: funds added +31% more shares while total portfolio value only changed -88%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~34 new funds/quarter

9 → 20 → 43 → 30 → 34 new funds/Q

New funds entering each quarter: 20 → 43 → 30 → 34. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🌱

Early stage — 55% of holders entered in last year

■ 7% veterans ■ 38% 1-2yr ■ 55% new

Of 111 current holders: 61 (55%) entered in the past year, only 8 (7%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds

25 of 104 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

5.5

out of 10

Moderate Exit Risk

Exit risk score 5.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	106	93	13.98%
13F Shares	10M	8M	30.54%
Total Value	$75M	$632M	-88.12%
New Positions	33	30	+3
Increased Positions	38	38	-
Closed Positions	20	29	-9
Reduced Positions	18	14	+4
Total Calls	5	6	-16.67%
Total Puts	2	4	-50.0%
PUT/CALL Ratio	0.4	0.67	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

106

13.98%

13F Shares

10M

30.54%

Total Value

$75M

$632M

-88.12%

New Positions

Increased Positions

Closed Positions

-9

Reduced Positions

Total Calls

-16.67%

Total Puts

-50.0%

PUT/CALL Ratio

0.4

0.67

Bullish

Institutional Holders (2026 Q1)

106 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BKKT. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 BKKT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	CoinFund Management LLC	1.29%	62,097	$457K
2	Alpine Fox Capital LLC	0.19%	40,000	$294K
3	Realta Investment Advisors	0.14%	55,809	$411K
4	Weiss Asset Management LP	0.08%	678,530	$5.0M
5	Horizon Kinetics Asset Management LLC	0.03%	316,538	$2.3M
6	Axq Capital, LP	0.02%	22,711	$167K
7	Alyeska Investment Group, L.P.	0.02%	1,023,810	$7.5M
8	AlphaQuest LLC	0.02%	36,075	$362K
9	Tidal Investments LLC	0.01%	947,547	$7.0M
10	Msrh, LLC	0.01%	1,147	$12K
11	Essential Partners LLC	0.01%	4,244	$31K
12	State of Wyoming	0.01%	10,679	$79K
13	LMR Partners LLP	0.01%	566,971	$4.2M
14	Renaissance Technologies LLC	0.01%	441,100	$3.2M
15	Susquehanna Portfolio Strategies, LLC	0.00%	44,148	$325K
16	Bridgeway Capital Management, LLC	0.00%	31,610	$233K
17	Two Sigma Advisers, LP	0.00%	117,413	$1.2M
18	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	0.00%	220,361	$1.6M
19	Activest Wealth Management	0.00%	1,700	$13K
20	Legend Capital Advisors LLC	0.00%	414	$3K
21	Engineers Gate Manager LP	0.00%	17,143	$126K
22	NFSG Corp	0.00%	1,000	$7K
23	KERR FINANCIAL PLANNING Corp	0.00%	100	—
24	Tower Research Capital LLC (TRC)	0.00%	5,369	$40K
25	Tudor Investment Corp Et Al	0.00%	75,019	$552K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Bakkt Inc (BKKT)

What does the Smart Money Trend signal show for BKKT?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added BKKT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BKKT?

More buyers than sellers — 65% buying: Last quarter: 74 funds were net buyers (34 opened a brand new position + 40 added to an existing one). Only 40 were sellers (20 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BKKT holders?

Strong quality — 23% AUM from major funds: 25 of 104 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BKKT?

Mostly new holders — 53% entered in last year: Only 8 funds (7%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Bakkt Inc (BKKT) following the 2026 Q1 hedge fund 13F filings?

As of today, BKKT has moved +11.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.6% for the XLK sector ETF — an outperformance of +2.8%. Since the quarter end (March 31, 2026), BKKT has gained +25.3% vs +44.0% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Bakkt Inc (BKKT)

Smart Money Signals — BKKT

Buying streak — 4 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +143% more funds vs a year ago

More buyers than sellers — 65% buying

Steady new buyers — ~34 new funds per quarter

Mostly new holders — 53% entered in last year

Buying through price weakness — shares +31%, value -88%

Steady discovery — ~34 new funds/quarter

Early stage — 55% of holders entered in last year

Strong quality — 23% AUM from major funds

Institutional Sentiment Summary — BKKT

Hedge Fund Ownership: BKKT

Market Analysis: BKKT

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: BKKT

Is It Too Late to Buy Bakkt Inc (BKKT) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: BKKT

Statistics: BKKT

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Bakkt Inc (BKKT)

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