Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Blend Labs Inc (BLND)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
2Q ▼
Buyers last Q
53%

Smart Money Signals — BLND

Based on 191 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their BLND positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
191 funds currently hold this stock — 93% of the 3.0-year high of 206 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BLND is almost the same as a year ago (-5 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 53% buying

104 buying94 selling
Last quarter: 104 funds bought or added vs 94 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~38 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 33 → 39 → 34 → 38. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 34% medium ■ 26% new
76 out of 191 hedge funds have held BLND for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -5%, value -99%

Value
-99%
Shares
-5%
Last quarter: funds added -5% more shares while total portfolio value only changed -99%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~38 new funds/quarter

43 → 33 → 39 → 34 → 38 new funds/Q
New funds entering each quarter: 33 → 39 → 34 → 38. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 48% veterans vs 31% newcomers

■ 48% veterans ■ 21% 1-2yr ■ 31% new
Entry-cohort mix of 195 holders: 94 (48%) are 2+ year veterans, 40 entered 1–2 years ago, and 61 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
39 of 190 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Institutional Sentiment Summary — BLND

In 2026 Q1, 104 hedge funds were net buyers of BLND (38 opened a new position, 66 added to an existing one), while 94 reduced or exited (53 trimmed, 41 sold completely) — a 53% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 20% of total institutional value in BLND is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 191.

Hedge Fund Ownership: BLND

How many hedge funds hold BLND — quarterly history vs. share price
Quarterly hedge fund ownership of BLND vs. share price

Market Analysis: BLND

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BLND

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Blend Labs Inc (BLND) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BLND has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 76d ago
BLND
-0.6%
XLK
+39.1%

BLND outperformed XLK by -39.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
BLND
+16.6%
XLK
+4.8%

Since the filing became public, BLND outperformed XLK by +11.8% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

21 top-rated funds 4 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: BLND
189 + Investors

Track Smart Money conviction in BLND. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 189 194 -2.58%
13F Shares 159M 168M -5.19%
Total Value $270M $33.46B -99.19%
New Positions 36 34 +2
Increased Positions 64 53 +11
Closed Positions 41 46 -5
Reduced Positions 52 75 -23
Total Calls 3 4 -25.0%
Total Puts 2 3 -33.33%
PUT/CALL Ratio 0.67 0.75 Bullish

Statistics: BLND

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Diluted EPS (ttm) --
Total Cash (mrq) --
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Institutional Holders (2026 Q1)

189 + investors

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

QUARTER:
Top 25 BLND holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Haveli Investment Management LLC 100.00% 10,848,873 $18.4M
2 Whitebark Investors LP 8.62% 6,343,497 $10.8M
3 Emergence GP Partners, LLC 6.47% 4,244,379 $7.2M
4 Cypress Point Investment Management LP 5.82% 14,537,172 $24.7M
5 Lightspeed Management Company, L.L.C. 3.98% 23,127,237 $39.3M
6 Capricorn Fund Managers Ltd 1.72% 6,499,507 $11.0M
7 Stoic Point Capital Management LLC 1.39% 840,293 $1.4M
8 Panoramic Capital, LLC 0.92% 772,689 $1.3M
9 Kazazian Asset Management, LLC 0.91% 488,683 $831K
10 Samjo Management, LLC 0.72% 982,500 $1.7M
11 Prospect Capital Advisors, LLC 0.69% 731,450 $1.2M
12 Potrero Capital Research LLC 0.57% 549,702 $934K
13 Ahara Advisors LLC 0.54% 193,823 $589K
14 Irenic Capital Management LP 0.24% 2,204,200 $3.7M
15 Divisadero Street Capital Management, LP 0.23% 3,175,092 $5.4M
16 Essex Investment Management Co LLC 0.21% 762,290 $1.3M
17 Rice Hall James & Associates, LLC 0.10% 1,006,289 $1.7M
18 Allen Operations LLC 0.09% 344,761 $586K
19 Mount Lucas Management LP 0.08% 128,000 $218K
20 Cypress Point Wealth Management, LLC 0.08% 215,843 $367K
21 Militia Capital Management LLC 0.06% 300,000 $266K
22 Massar Capital Management, LP 0.04% 220,000 $374K
23 Legato Capital Management LLC 0.04% 236,568 $402K
24 New Insight Wealth Advisors 0.03% 45,355 $77K
25 Hyperion Capital Advisors LP 0.02% 29,848 $51K
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 — Blend Labs Inc (BLND)

What does the Smart Money Trend signal show for BLND?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their BLND positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BLND?

Slight buying edge — 53% buying: Last quarter: 104 funds bought or added vs 94 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BLND holders?

Strong quality — 20% AUM from major funds: 39 of 190 holders rank in the top 100 by AUM, accounting for 20% 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 BLND?

40% of holders stayed for 2+ years: 76 out of 191 hedge funds have held BLND for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Blend Labs Inc (BLND) following the 2026 Q1 hedge fund 13F filings?

As of today, BLND has moved +16.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLK sector ETF — an outperformance of +11.8%. Since the quarter end (March 31, 2026), BLND has gained -0.6% vs +39.1% for XLK. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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