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 ($167.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.24. Options: 7 managers hold calls ($1.4m notional), 4 hold puts ($228.2k).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 119 |
| Q4 2022 | 122 |
| Q1 2023 | 112 |
| Q2 2023 | 94 |
| Q3 2023 | 87 |
| Q4 2023 | 111 |
| Q1 2024 | 130 |
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 |
| Q3 2023 | 26 | 49 |
| Q4 2023 | 61 | 23 |
| Q1 2024 | 80 | 31 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $7.2k | $569 | 0.08 |
| Q3 2023 | $142.3k | $45.6k | 0.32 |
| Q4 2023 | $137.6k | $209.1k | 1.52 |
| Q1 2024 | $1.4m | $228.2k | 0.16 |
Biggest buyers
| Qube Research & Technologies Ltd | Added | +1.9m |
| CITADEL ADVISORS LLC | Added | +1.9m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.6m |
| GOLDMAN SACHS GROUP INC | Added | +1.5m |
| JPMORGAN CHASE & CO | Added | +1.4m |
| CenterBook Partners LP | New | +1.4m |
| MARSHALL WACE, LLP | New | +1.2m |
| MORGAN STANLEY | Added | +1.2m |
| TWO SIGMA INVESTMENTS, LP | Added | +785.6k |
| TUDOR INVESTMENT CORP ET AL | Added | +754.7k |
Biggest sellers
| EdgePoint Investment Group Inc. | Reduced | -5.4m |
| J. Goldman & Co LP | Reduced | -1.4m |
| Irenic Capital Management LP | Sold out | -1.2m |
| Invesco Ltd. | Sold out | -378.7k |
| D. E. Shaw & Co., Inc. | Reduced | -253.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -218.9k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -213.7k |
| GSA CAPITAL PARTNERS LLP | Reduced | -192.1k |
| KP Management LLC | Sold out | -108.8k |
| Verition Fund Management LLC | Sold out | -76.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $717.0k220.6k shares |
| JANE STREET GROUP, LLC | New | $249.6k76.8k shares |
| WOLVERINE TRADING, LLC | New | $144.3k44.4k shares |
| CITADEL ADVISORS LLC | Added | $140.4k43.2k shares |
| GROUP ONE TRADING LLC | Added | $87.8k27.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $84.0k26.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $93.0k28.7k shares |
| CITADEL ADVISORS LLC | Added | $73.1k22.5k shares |
| GROUP ONE TRADING LLC | Reduced | $62.1k19.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 Q1 2024
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2023 | 1 | $17.1k | 1 | $304.5k | — |
| Q4 2023 | 1 | $49.6k | 1 | $584.8k | $584.8k |
| Q1 2024 | 1 | $49.5k | 1 | $740.4k | $740.4k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-22 | Ghamsari Nima HEAD OF BLEND, director | Sold plan | $244.3k81.7k shares |
| 2024-03-13 | Jafari Amir HEAD OF FINANCE AND ADMIN. | Bought plan | $16.7k5.6k shares |
| 2024-02-23 | Ghamsari Nima HEAD OF BLEND, director | Sold plan | $250.0k112.1k shares |
| 2024-02-13 | Jafari Amir HEAD OF FINANCE AND ADMIN. | Bought plan | $15.8k6.1k shares |
| 2024-01-24 | Ghamsari Nima Head of Blend, director | Sold plan | $246.1k97.7k shares |
| 2024-01-12 | Jafari Amir Head of Finance and Admin. | Bought plan | $17.0k7.0k 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| GENERAL ATLANTIC, L.P. 1.44% of their portfolio | 19.1m $62.2m | Unchanged |
| Formation8 GP, LLC 78.02% of their portfolio | 16.2m $52.7m | Unchanged |
| Temasek Holdings (Private) Ltd 0.21% of their portfolio | 11.9m $38.6m | Unchanged |
| GREYLOCK 15 GP LLC 54.65% of their portfolio | 10.0m $32.6m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 9.2m $30.1m | Added +46.5k |
| EdgePoint Investment Group Inc. 0.16% of their portfolio | 6.2m $20.3m | Reduced -5.4m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 4.7m $15.4m | Added +1.6m |
| Emergence GP Partners, LLC 5.18% of their portfolio | 4.2m $13.8m | Unchanged |
| ShawSpring Partners LLC 1.77% of their portfolio | 4.2m $13.8m | Added +230.1k |
| Metavasi Capital LP 7.46% of their portfolio | 3.7m $12.1m | Added +237.8k |
| J. Goldman & Co LP 0.40% of their portfolio | 2.7m $8.8m | Reduced -1.4m |
| BlackRock Inc. 0.00% of their portfolio | 2.3m $7.6m | Added +31.9k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 2.1m $6.8m | Added +1.9m |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 2.1m $6.8m | Added +1.9m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $6.3m | Added +1.4m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 1.8m $5.9m | Added +133.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.8m $5.7m | Added +81.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.7m $5.6m | Added +1.5m |
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $4.7m | Added +1.2m |
| CenterBook Partners LP 0.32% of their portfolio | 1.4m $4.6m | New |
| MARSHALL WACE, LLP 0.01% of their portfolio | 1.2m $4.0m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.1m $3.4m | Added +785.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 957.8k $3.1m | Added +53.4k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 896.4k $2.9m | Added +754.7k |
| G2 Investment Partners Management LLC 0.65% of their portfolio | 750.0k $2.4m | Added +375.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 743.7k $2.4m | Reduced -218.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 718.3k $2.3m | Added +692.2k |
| CITIGROUP INC 0.00% of their portfolio | 703.3k $2.3m | Added +44.0k |
| STATE STREET CORP 0.00% of their portfolio | 660.0k $2.1m | Reduced -29.0k |
| HRT FINANCIAL LP 0.01% of their portfolio | 592.9k $1.9m | Added +563.6k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 490.9k $1.6m | Added +357.4k |
| LAKE STREET ADVISORS GROUP, LLC 0.07% of their portfolio | 473.4k $1.5m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 409.2k $1.3m | Added +371.2k |
| KIM, LLC 0.15% of their portfolio | 370.8k $1.2m | Unchanged |
| Blue Owl Capital Holdings LP 0.23% of their portfolio | 361.6k $1.2m | Unchanged |
| ALLEN OPERATIONS LLC 0.21% of their portfolio | 344.8k $1.1m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 325.7k $1.1m | Reduced -12.0k |
| Point72 Asia (Singapore) Pte. Ltd. 0.26% of their portfolio | 313.3k $1.0m | Added +309.1k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 310.2k $1.0m | Added +169.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 297.8k $967.7k | Added +169.5k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 291.5k $259.8k | Added +38.5k |
| Center Lake Capital Management, LLC 1.46% of their portfolio | 275.0k $893.8k | New |
| Informed Momentum Co LLC 0.13% of their portfolio | 258.5k $840.2k | Reduced -36.2k |
| ClariVest Asset Management LLC 0.08% of their portfolio | 245.1k $796.5k | Added +40.2k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 213.1k $692.4k | Added +88.8k |
| Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio | 212.5k $690.7k | New |
| Cypress Point Wealth Management, LLC 0.35% of their portfolio | 208.2k $676.6k | Added +51.9k |
| Brevan Howard Capital Management LP 0.06% of their portfolio | 203.4k $661.1k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 202.5k $658.1k | Reduced -253.0k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 0.03% of their portfolio | 200.0k $650.0k | New |
| EP Wealth Advisors, LLC 0.01% of their portfolio | 196.8k $639.5k | Added +14.8k |
| UBS Group AG 0.00% of their portfolio | 196.3k $637.9k | New |
| Jump Financial, LLC 0.01% of their portfolio | 159.5k $518.4k | Added +107.9k |
| Marathon Trading Investment Management LLC 0.20% of their portfolio | 158.1k $513.8k | Added +125.6k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 154.8k $503.0k | Added +79.5k |
| Squarepoint Ops LLC 0.00% of their portfolio | 147.9k $480.5k | Added +57.8k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 137.4k $446.6k | Added +98.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 135.5k $440.3k | Added +22.6k |
| BARCLAYS PLC 0.00% of their portfolio | 120.0k $390.0k | New |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 118.8k $386.1k | Added +93.8k |
| XTX Topco Ltd 0.05% of their portfolio | 113.9k $370.3k | Added +15.6k |
| GSA CAPITAL PARTNERS LLP 0.03% of their portfolio | 109.3k $355.0k | Reduced -192.1k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.06% of their portfolio | 106.1k $344.7k | Added +82.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 101.3k $329.2k | Reduced -213.7k |
| Kingsview Wealth Management, LLC 0.01% of their portfolio | 95.0k $308.9k | Unchanged |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 90.3k $293.6k | New |
| LMR Partners LLP 0.01% of their portfolio | 69.5k $226.0k | New |
| ALGERT GLOBAL LLC 0.01% of their portfolio | 67.5k $219.4k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 62.8k $204.0k | Added +60.3k |
| Cresset Asset Management, LLC 0.00% of their portfolio | 60.9k $197.8k | Unchanged |
| MIRABELLA FINANCIAL SERVICES LLP 0.01% of their portfolio | 60.3k $196.0k | Reduced -1.6k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 59.6k $193.0k | Added +6.1k |
| EntryPoint Capital, LLC 0.17% of their portfolio | 58.6k $190.3k | New |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 54.2k $176.3k | Unchanged |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 52.3k $170.0k | Reduced -16.2k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 50.0k $162.5k | Reduced -50.0k |
| Polymer Capital Management (HK) LTD 0.04% of their portfolio | 48.2k $156.7k | New |
| Freestone Capital Holdings, LLC 0.01% of their portfolio | 46.7k $151.8k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 46.6k $151.5k | Added +38.3k |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 43.0k $139.7k | Added +873 |
| CTC Alternative Strategies, Ltd. 0.09% of their portfolio | 42.3k $137.5k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 42.0k $136.5k | Added +40.0k |
| ArchPoint Investors 0.05% of their portfolio | 38.3k $124.5k | Unchanged |
| Graham Capital Management, L.P. 0.00% of their portfolio | 35.1k $114.0k | New |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio | 32.8k $106.5k | Added +8.9k |
| HighTower Advisors, LLC 0.00% of their portfolio | 32.1k $103.0k | Reduced -3.3k |
| FIFTH LANE CAPITAL, LP 0.14% of their portfolio | 32.1k $104.4k | New |
| Bayesian Capital Management, LP 0.01% of their portfolio | 31.4k $102.1k | New |
| Caprock Group, LLC 0.01% of their portfolio | 30.0k $97.5k | Unchanged |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.00% of their portfolio | 28.9k $94.0k | New |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 28.4k $92.3k | New |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 25.8k $83.8k | New |
| FMR LLC 0.00% of their portfolio | 25.7k $83.5k | Added +1.2k |
| Ballentine Partners, LLC 0.00% of their portfolio | 25.6k $83.3k | Added +1.4k |
| Corient Private Wealth LP 0.00% of their portfolio | 23.9k $77.7k | Added +6.4k |
| Adero Partners, LLC 0.01% of their portfolio | 22.2k $72.2k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 21.5k $70.0k | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 20.5k $66.7k | Reduced -3.3k |
| DRW Securities, LLC 0.00% of their portfolio | 20.2k $65.7k | New |
| Cannon Global Investment Management, LLC 0.17% of their portfolio | 20.0k $65.0k | New |