BLEND LABS INC BLND
CL A · Common Stock · CUSIP 09352U108
- SectorTechnology
- IndustryServices-Computer Programming, Data Processing, Etc.
- HeadquartersNovato, CA
- FilingsSEC EDGAR
* 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 ($65.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $0.95. Options: 4 managers hold calls ($7.2k notional), 4 hold puts ($569).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 119 |
| Q4 2022 | 122 |
| Q1 2023 | 112 |
| Q2 2023 | 94 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 64 | 50 |
| Q1 2023 | 47 | 56 |
| Q2 2023 | 34 | 72 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.8m | $1.2m | 0.33 |
| Q4 2022 | $1.6m | $50.4k | 0.03 |
| Q1 2023 | $1.5m | $6.4k | 0.00 |
| Q2 2023 | $7.2k | $569 | 0.08 |
Biggest buyers
| EdgePoint Investment Group Inc. | Added | +4.6m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.3m |
| J. Goldman & Co LP | Added | +1.5m |
| ShawSpring Partners LLC | Added | +855.3k |
| Qube Research & Technologies Ltd | New | +758.4k |
| Metavasi Capital LP | Added | +550.0k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +546.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | New | +500.0k |
| MORGAN STANLEY | Added | +379.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +252.5k |
Biggest sellers
| BlackRock Inc. | Reduced | -9.8m |
| STATE STREET CORP | Reduced | -3.2m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -1.9m |
| FMR LLC | Reduced | -1.8m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -1.6m |
| NORTHERN TRUST CORP | Reduced | -1.3m |
| VANGUARD GROUP INC | Reduced | -827.6k |
| HRT FINANCIAL LP | Sold out | -525.8k |
| Bank of New York Mellon Corp | Reduced | -513.5k |
| UBS Group AG | Reduced | -448.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $5.0k5.3k shares |
| SIMPLEX TRADING, LLC | Added | $2.0k2.8k shares |
| GROUP ONE TRADING LLC | New | $189200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $474500 shares |
| GROUP ONE TRADING LLC | New | $95100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| SIMPLEX TRADING, LLC | Reduced | $0100 shares |
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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Haveli Investments, L.P. 13D · may seek influence +1.3 pts · filed 2026-06-12 | 22.6% |
| Capricorn Fund Managers Ltd 13G · institution new · filed 2026-10-16 | 5.6% |
Fell to 5% or below in the last year: Lightspeed Venture Partners IX, L.P. (0.0%, 2026-08-14), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 2 | $40.8k | — |
| Q1 2022 | 0 | — | 2 | — | — |
| Q2 2022 | 0 | — | 3 | $182.7k | — |
| Q3 2022 | 0 | — | 2 | $647.5k | — |
| Q4 2022 | 0 | — | 5 | $2.8m | — |
| Q1 2023 | 0 | — | 2 | $184.0k | — |
| Q2 2023 | 0 | — | 1 | $431.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-30 | Ghamsari Nima Head of Blend, director | Sold | $147.4k153.5k shares |
| 2023-05-31 | Ghamsari Nima Head of Blend, director | Sold | $143.8k151.3k shares |
| 2023-04-28 | Ghamsari Nima Head of Blend, director | Sold | $140.8k230.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| GENERAL ATLANTIC, L.P. 0.29% of their portfolio | 19.1m $18.1m | Unchanged |
| Lightspeed Ultimate General Partner IX, Ltd. 100.00% of their portfolio | 14.8m $14.0m | Unchanged |
| EdgePoint Investment Group Inc. 0.10% of their portfolio | 12.2m $11.6m | Added +4.6m |
| Temasek Holdings (Private) Ltd 0.07% of their portfolio | 11.9m $11.2m | Unchanged |
| ShawSpring Partners LLC 1.45% of their portfolio | 11.2m $10.6m | Added +855.3k |
| GREYLOCK 15 GP LLC 8.46% of their portfolio | 10.0m $9.5m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 9.1m $8.7m | Reduced -827.6k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 3.4m $3.3m | Added +3.3m |
| J. Goldman & Co LP 0.15% of their portfolio | 2.9m $2.7m | Added +1.5m |
| Metavasi Capital LP 1.64% of their portfolio | 2.5m $2.3m | Added +550.0k |
| BlackRock Inc. 0.00% of their portfolio | 2.1m $2.0m | Reduced -9.8m |
| FMR LLC 0.00% of their portfolio | 1.6m $1.5m | Reduced -1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.6m $1.5m | Reduced -1.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 900.8k $853.2k | Reduced -386.9k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 758.4k $718.3k | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 728.9k $690.0k | Added +546.1k |
| STATE STREET CORP 0.00% of their portfolio | 690.9k $654.4k | Reduced -3.2m |
| MORGAN STANLEY 0.00% of their portfolio | 505.8k $479.1k | Added +379.3k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 500.0k $473.6k | New |
| LAKE STREET ADVISORS GROUP, LLC 0.02% of their portfolio | 473.4k $448.0k | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 435.7k $412.7k | Reduced -1.9m |
| Cypress Point Wealth Management, LLC 0.43% of their portfolio | 430.1k $407.4k | Reduced -221.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 398.5k $377.4k | Added +252.5k |
| Invesco Ltd. 0.00% of their portfolio | 371.5k $351.9k | Reduced -44.7k |
| KIM, LLC 0.03% of their portfolio | 370.8k $351.2k | Unchanged |
| Blue Owl Capital Holdings LP 0.21% of their portfolio | 361.6k $342.5k | Unchanged |
| ALLEN OPERATIONS LLC 0.07% of their portfolio | 344.8k $326.5k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 300.9k $285.0k | Reduced -1.3m |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 273.0k $258.6k | Reduced -18.8k |
| J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio | 244.4k $231.5k | Reduced -600 |
| Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio | 234.7k $222.3k | New |
| XTX Topco Ltd 0.04% of their portfolio | 226.9k $214.9k | Added +117.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 221.5k $209.8k | Reduced -114.7k |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 208.4k $197.0k | New |
| Ergoteles LLC 0.01% of their portfolio | 187.2k $177.3k | Added +52.7k |
| VETAMER CAPITAL MANAGEMENT, LP 0.25% of their portfolio | 172.0k $162.9k | Added +18.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 155.8k $147.6k | Reduced -243.1k |
| Laurion Capital Management LP 0.01% of their portfolio | 143.6k $136.0k | New |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 126.8k $120.1k | Reduced -29.4k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 96.8k $91.7k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 89.7k $85.0k | Reduced -29.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 70.5k $66.8k | Reduced -513.5k |
| Kingsview Wealth Management, LLC 0.00% of their portfolio | 70.0k $66.3k | Added +23.9k |
| SFMG, LLC 0.01% of their portfolio | 66.1k $62.6k | Reduced -890 |
| Cresset Asset Management, LLC 0.00% of their portfolio | 60.9k $57.6k | New |
| OLD MISSION CAPITAL LLC 0.00% of their portfolio | 57.4k $54.4k | New |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 54.2k $51.4k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 51.2k $48.6k | New |
| Engineers Gate Manager LP 0.00% of their portfolio | 49.6k $47.0k | Added +25.2k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 48.2k $45.7k | Reduced -38.8k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 47.0k $44.5k | New |
| Virtu Financial LLC 0.00% of their portfolio | 42.8k $41.0k | New |
| ArchPoint Investors 0.01% of their portfolio | 38.3k $36.3k | Unchanged |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 35.5k $33.6k | New |
| Freestone Capital Holdings, LLC 0.00% of their portfolio | 34.7k $32.9k | Unchanged |
| Point72 Middle East FZE 0.00% of their portfolio | 33.8k $32.0k | New |
| Caprock Group, LLC 0.00% of their portfolio | 32.7k $31.0k | Added +2.4k |
| RBF Capital, LLC 0.00% of their portfolio | 30.0k $28.4k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 29.3k $27.8k | Reduced -97.8k |
| HighTower Advisors, LLC 0.00% of their portfolio | 27.9k $27.0k | Reduced -3.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 26.8k $25.4k | Reduced -23.4k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 26.7k $25.3k | Added +1.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 24.9k $23.5k | Reduced -205.4k |
| Ballentine Partners, LLC 0.00% of their portfolio | 24.2k $22.9k | Unchanged |
| LMR Partners LLP 0.00% of their portfolio | 24.0k $22.8k | New |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 22.9k $21.7k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 21.5k $20.4k | Reduced -311.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 19.1k $18.1k | Reduced -126.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 18.5k $17.5k | Reduced -271.6k |
| Corient Private Wealth LP 0.00% of their portfolio | 17.5k $16.6k | Unchanged |
| CTC Alternative Strategies, Ltd. 0.02% of their portfolio | 16.8k $15.9k | First filing |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 15.7k $14.8k | Reduced -363 |
| Jasper Ridge Partners, L.P. 0.00% of their portfolio | 13.1k $12.4k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 12.7k $12.0k | Unchanged |
| Alpha Square Group S LLC 0.01% of their portfolio | 12.4k $11.7k | Unchanged |
| Bayesian Capital Management, LP 0.00% of their portfolio | 11.7k $11.1k | New |
| WBH ADVISORY INC 0.00% of their portfolio | 10.4k $9.8k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 8.7k $8.2k | Reduced -448.4k |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 7.6k $7.2k | Reduced -7.6k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 7.6k $7.2k | Reduced -7.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 5.5k $5.0k | Reduced -12.0k |
| JTC Employer Solutions Trustee Ltd 0.00% of their portfolio | 3.7k $12.0k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 3.6k $3.4k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 3.4k $3.2k | Reduced -42.4k |
| CarsonAllaria Wealth Management, Ltd. 0.00% of their portfolio | 2.4k $2.3k | New |
| BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio | 2.0k $1.9k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 2.0k $1.9k | Reduced -490 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 1.5k $1.4k | Reduced -77.8k |
| Horan Securities, Inc. 0.00% of their portfolio | 980 $928 | Unchanged |
| Tortoise Investment Management, LLC 0.00% of their portfolio | 572 $542 | Unchanged |
| Sandy Spring Bank 0.00% of their portfolio | 415 $394 | Unchanged |
| Avion Wealth 0.00% of their portfolio | 205 $0 | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 116 $110 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |