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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.75. Options: 7 managers hold calls ($3.4m notional), 5 hold puts ($456.6k).
Trends to Q3 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 |
| Q2 2024 | 119 |
| Q3 2024 | 166 |
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 |
| Q2 2024 | 57 | 65 |
| Q3 2024 | 113 | 36 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $137.6k | $209.1k | 1.52 |
| Q1 2024 | $1.4m | $228.2k | 0.16 |
| Q2 2024 | $613.3k | $256.1k | 0.42 |
| Q3 2024 | $3.4m | $456.6k | 0.14 |
Biggest buyers
| Driehaus Capital Management LLC | New | +4.8m |
| GOODNOW INVESTMENT GROUP, LLC | New | +2.5m |
| PRINCIPAL FINANCIAL GROUP INC | Added | +2.4m |
| JPMORGAN CHASE & CO | Added | +2.3m |
| STATE STREET CORP | Added | +2.0m |
| MACQUARIE GROUP LTD | New | +1.7m |
| GOLDMAN SACHS GROUP INC | Added | +1.7m |
| VANGUARD GROUP INC | Added | +1.6m |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | Added | +1.6m |
| NEXT CENTURY GROWTH INVESTORS LLC | New | +1.5m |
Biggest sellers
| Temasek Holdings (Private) Ltd | Sold out | -11.9m |
| EdgePoint Investment Group Inc. | Reduced | -2.8m |
| TUDOR INVESTMENT CORP ET AL | Sold out | -881.4k |
| MARSHALL WACE, LLP | Reduced | -557.6k |
| Metavasi Capital LP | Reduced | -516.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -515.0k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -414.1k |
| Alpine Global Management, LLC | Sold out | -218.6k |
| ExodusPoint Capital Management, LP | Sold out | -199.6k |
| Informed Momentum Co LLC | Sold out | -190.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.5m408.7k shares |
| GROUP ONE TRADING LLC | Added | $859.9k229.3k shares |
| CITADEL ADVISORS LLC | Added | $598.9k159.7k shares |
| SIMPLEX TRADING, LLC | Added | $195.0k52.1k shares |
| JANE STREET GROUP, LLC | New | $97.5k26.0k shares |
| WOLVERINE TRADING, LLC | New | $76.2k19.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $229.1k61.1k shares |
| CITADEL ADVISORS LLC | Reduced | $93.4k24.9k shares |
| SIMPLEX TRADING, LLC | Added | $85.0k22.8k shares |
| JANE STREET GROUP, LLC | New | $49.1k13.1k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2024 | 1 | $49.9k | 1 | $2.5m | $485.6k |
| Q3 2024 | 1 | $16.9k | 2 | $212.4k | $212.4k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-26 | Ling Winnie HEAD OF LEGAL AND PEOPLE | Sold plan | $40.6k10.0k shares |
| 2024-09-23 | Tkach Oxana PRINCIPAL ACCOUNTING OFFICER | Sold plan | $17.1k4.3k shares |
| 2024-09-12 | Ling Winnie HEAD OF LEGAL AND PEOPLE | Sold plan | $66.6k20.0k shares |
| 2024-08-30 | Tkach Oxana PRINCIPAL ACCOUNTING OFFICER | Sold plan | $88.1k23.7k shares |
| 2024-07-12 | Jafari Amir HEAD OF FINANCE AND ADMIN. | Bought plan | $16.9k6.7k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| GENERAL ATLANTIC, L.P. 2.04% of their portfolio | 19.1m $71.7m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 17.7m $66.3m | First filing |
| VANGUARD GROUP INC 0.00% of their portfolio | 16.4m $61.6m | Added +1.6m |
| GREYLOCK 15 GP LLC 43.98% of their portfolio | 10.0m $37.6m | Unchanged |
| ShawSpring Partners LLC 3.14% of their portfolio | 6.6m $24.9m | Reduced -86.2k |
| STATE STREET CORP 0.00% of their portfolio | 5.5m $20.5m | Added +2.0m |
| Driehaus Capital Management LLC 0.15% of their portfolio | 4.8m $18.0m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.8m $17.9m | Added +283.2k |
| Metavasi Capital LP 8.88% of their portfolio | 4.5m $16.9m | Reduced -516.2k |
| Emergence GP Partners, LLC 6.13% of their portfolio | 4.2m $15.9m | Unchanged |
| J. Goldman & Co LP 0.57% of their portfolio | 3.5m $13.2m | Added +413.7k |
| EdgePoint Investment Group Inc. 0.10% of their portfolio | 3.5m $13.0m | Reduced -2.8m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.4m $12.9m | Added +2.3m |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 2.7m $10.2m | Added +2.4m |
| GOODNOW INVESTMENT GROUP, LLC 0.99% of their portfolio | 2.5m $9.3m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.9m $7.1m | Added +1.4m |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 0.32% of their portfolio | 1.9m $7.1m | Added +1.6m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.8m $6.9m | Added +1.7m |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 1.7m $6.5m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.6m $6.2m | Added +120.2k |
| NEXT CENTURY GROWTH INVESTORS LLC 0.45% of their portfolio | 1.5m $5.6m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.4m $5.1m | Added +425.6k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $5.1m | Added +213.5k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 1.3m $4.9m | Added +367.5k |
| G2 Investment Partners Management LLC 1.33% of their portfolio | 1.2m $4.7m | Added +543.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 1.0m $3.9m | Added +395.7k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 999.9k $3.7m | Added +17.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 973.9k $3.7m | Added +813.3k |
| CenterBook Partners LP 0.22% of their portfolio | 959.7k $3.6m | New |
| Advantage Alpha Capital Partners LP 0.74% of their portfolio | 867.5k $3.3m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 752.3k $2.8m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 730.3k $2.7m | Added +1.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 665.6k $2.5m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 616.0k $2.3m | Added +343.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 576.5k $2.2m | Reduced -78.4k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.31% of their portfolio | 480.7k $1.8m | New |
| LAKE STREET ADVISORS GROUP, LLC 0.08% of their portfolio | 473.4k $1.8m | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 423.9k $1.6m | Added +337.7k |
| BARCLAYS PLC 0.00% of their portfolio | 407.8k $1.5m | Added +295.5k |
| Squarepoint Ops LLC 0.00% of their portfolio | 386.8k $1.5m | Reduced -136.3k |
| Swiss National Bank 0.00% of their portfolio | 379.2k $1.4m | New |
| KIM, LLC 0.17% of their portfolio | 370.8k $1.4m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 366.1k $1.4m | Reduced -414.1k |
| Blue Owl Capital Holdings LP 0.26% of their portfolio | 361.6k $1.4m | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 357.7k $1.3m | Reduced -557.6k |
| ALLEN OPERATIONS LLC 0.22% of their portfolio | 344.8k $1.3m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 342.4k $1.3m | Reduced -515.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 309.4k $1.2m | Added +102.2k |
| Calamos Advisors LLC 0.01% of their portfolio | 289.6k $1.1m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 273.4k $1.0m | Reduced -16 |
| Main Management ETF Advisors, LLC 0.05% of their portfolio | 271.6k $1.0m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 271.3k $1.0m | New |
| ClariVest Asset Management LLC 0.06% of their portfolio | 252.1k $594.9k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 242.6k $909.7k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 241.6k $906.0k | Unchanged |
| EP Wealth Advisors, LLC 0.01% of their portfolio | 229.0k $858.8k | Added +16.2k |
| Cypress Point Wealth Management, LLC 0.33% of their portfolio | 226.4k $849.2k | Added +29.8k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 216.9k $813.4k | Added +123.6k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio | 214.0k $802.4k | Added +48.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 213.3k $799.9k | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 186.4k $698.9k | Added +169.6k |
| Legal & General Group Plc 0.00% of their portfolio | 183.9k $689.5k | Added +158.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 180.4k $676.4k | New |
| CITIGROUP INC 0.00% of their portfolio | 180.3k $676.3k | Added +114.3k |
| SG Americas Securities, LLC 0.00% of their portfolio | 176.1k $660.0k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 172.7k $647.7k | Added +79.2k |
| Legato Capital Management LLC 0.07% of their portfolio | 161.4k $605.4k | New |
| FULLCIRCLE WEALTH LLC 0.23% of their portfolio | 147.7k $508.0k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 141.9k $532.1k | Added +43.5k |
| UBS Group AG 0.00% of their portfolio | 131.6k $493.4k | Added +62.2k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.00% of their portfolio | 129.4k $485.1k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 125.6k $470.9k | Added +66.0k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 123.5k $463.0k | Reduced -761 |
| Kingsview Wealth Management, LLC 0.01% of their portfolio | 121.8k $456.9k | Added +1.8k |
| Invesco Ltd. 0.00% of their portfolio | 118.4k $444.2k | Added +7.0k |
| CAXTON ASSOCIATES LP 0.02% of their portfolio | 101.3k $380.0k | Added +50.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 87.1k $326.6k | Reduced -2.4k |
| Bienville Capital Management, LLC 0.08% of their portfolio | 86.2k $323.1k | New |
| Gotham Asset Management, LLC 0.00% of their portfolio | 85.9k $322.0k | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 85.1k $319.6k | New |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 83.8k $314.0k | New |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 81.9k $307.2k | Reduced -112.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 80.9k $303.5k | Reduced -979 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 76.3k $287.0k | Added +2.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 76.0k $285.0k | Reduced -2.2k |
| PFG Advisors 0.02% of their portfolio | 63.8k $239.2k | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 61.6k $231.2k | New |
| Cresset Asset Management, LLC 0.00% of their portfolio | 61.6k $231.1k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 59.8k $224.0k | Added +35.1k |
| XTX Topco Ltd 0.02% of their portfolio | 58.7k $220.3k | Added +47.4k |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 56.0k $209.8k | New |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 54.2k $203.4k | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 51.6k $193.6k | New |
| Freestone Capital Holdings, LLC 0.01% of their portfolio | 50.4k $189.1k | Added +3.7k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 50.0k $187.5k | Unchanged |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 47.6k $178.0k | Added +44.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 44.2k $165.6k | Reduced -30.2k |
| ProShare Advisors LLC 0.00% of their portfolio | 43.6k $163.6k | New |
| NorthCoast Asset Management LLC 0.00% of their portfolio | 40.0k $150.0k | New |
| ArchPoint Investors 0.05% of their portfolio | 38.3k $143.7k | Unchanged |