Vault-13

BAKKT HOLDINGS INC

*W EXP 10/25/202 · CUSIP 05759B115

6 institutional holders -4 vs Q3 2025
341,511341.5k shares reported held*
$55.9kreported value*
0 new 2 added 1 reduced 4 sold out net sold ≈ $29.6k (-180.6k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $0.16. Options: 1 managers hold calls ($65.6k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 14Q4 22: 17Q1 23: 14Q2 23: 16Q3 23: 17Q4 23: 16Q1 24: 11Q2 24: 11Q3 24: 12Q4 24: 12Q1 25: 9Q2 25: 10Q3 25: 10Q4 25: 66Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202214
Q4 202217
Q1 202314
Q2 202316
Q3 202317
Q4 202316
Q1 202411
Q2 202411
Q3 202412
Q4 202412
Q1 20259
Q2 202510
Q3 202510
Q4 20256

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q1 24: 5 bought or addedQ1 24: 7 cut or sold outQ2 24: 2 bought or addedQ2 24: 6 cut or sold outQ2 24Q3 24: 3 bought or addedQ3 24: 2 cut or sold outQ4 24: 4 bought or addedQ4 24: 4 cut or sold outQ4 24Q1 25: 0 bought or addedQ1 25: 6 cut or sold outQ2 25: 3 bought or addedQ2 25: 2 cut or sold outQ2 25Q3 25: 4 bought or addedQ3 25: 3 cut or sold outQ4 25: 2 bought or addedQ4 25: 5 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202457
Q2 202426
Q3 202432
Q4 202444
Q1 202506
Q2 202532
Q3 202543
Q4 202525

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50k$100k$150k$200kQ1 25 calls: $88.0kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $76.2kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $180.0kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $65.6kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$88.0k$00.00
Q2 2025$76.2k$00.00
Q3 2025$180.0k$00.00
Q4 2025$65.6k$00.00

Biggest buyers

Realta Investment Advisors Added +10,000+10.0k
ROYAL BANK OF CANADA Added +250+250

Biggest sellers

THAMES CAPITAL MANAGEMENT LLC Sold out -115,577-115.6k
LongView Asset Management LLC Sold out -67,540-67.5k
Caption Management, LLC Sold out -7,500-7.5k
MORGAN STANLEY Sold out -100-100
TORONTO DOMINION BANK Reduced -100-100

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $65.6k400.0k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VR Advisory Services Ltd 0.00% of their portfolio CAMANA BAY, GRAND CAYMAN, E9 150,000150.0k $24.6k $24.6k 0.00% Unchanged
2 Realta Investment Advisors 0.00% of their portfolio WILMINGTON, DE 77,54877.5k $12.7k $12.7k 0.00% Added +10.0k +10,000
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 65,31365.3k $10.7k $10.7k 0.00% Unchanged
4 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 47,90047.9k $7.9k $7.9k 0.00% Reduced -100 -100
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 500500 $0 $0 0.00% Added +250 +250
6 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 250250 $41 $41 0.00% Unchanged