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 ($199.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.70. Options: 6 managers hold calls ($1.3m notional), 4 hold puts ($167.3k).
Trends to Q1 2026
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 |
| Q4 2024 | 200 |
| Q1 2025 | 197 |
| Q2 2025 | 196 |
| Q3 2025 | 205 |
| Q4 2025 | 195 |
| Q1 2026 | 195 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 57 | 65 |
| Q3 2024 | 113 | 36 |
| Q4 2024 | 114 | 55 |
| Q1 2025 | 101 | 90 |
| Q2 2025 | 95 | 93 |
| Q3 2025 | 93 | 97 |
| Q4 2025 | 77 | 115 |
| Q1 2026 | 98 | 87 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.4m | $453.5k | 0.32 |
| Q3 2025 | $5.6m | $4.6m | 0.83 |
| Q4 2025 | $1.4m | $1.2m | 0.84 |
| Q1 2026 | $1.3m | $167.3k | 0.13 |
Biggest buyers
| Capricorn Fund Managers Ltd | New | +6.5m |
| CYPRESS POINT INVESTMENT MANAGEMENT LP | Added | +2.7m |
| CITADEL ADVISORS LLC | Added | +2.3m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +2.1m |
| Whitebark Investors LP | Added | +1.3m |
| Samjo Management, LLC | New | +982.5k |
| STATE STREET CORP | Added | +637.6k |
| FIRST MANHATTAN CO. LLC. | New | +536.6k |
| AQR CAPITAL MANAGEMENT LLC | Added | +495.2k |
| UBS Group AG | Added | +314.5k |
Biggest sellers
| ShawSpring Partners LLC | Sold out | -9.0m |
| Metavasi Capital LP | Sold out | -6.4m |
| Divisadero Street Capital Management, LP | Reduced | -2.5m |
| Whetstone Capital Advisors, LLC | Reduced | -1.1m |
| Potrero Capital Research LLC | Reduced | -1.1m |
| Prospect Capital Advisors, LLC | Reduced | -1.1m |
| ROYCE & ASSOCIATES LP | Reduced | -978.1k |
| Irenic Capital Management LP | Reduced | -910.7k |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -886.6k |
| J. Goldman & Co LP | Sold out | -741.9k |
Biggest calls
| Militia Capital Management LLC | First filing | $1.0m900.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $104.0k61.2k shares |
| CITADEL ADVISORS LLC | Reduced | $76.8k45.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $59.8k35.2k shares |
| IMC-Chicago, LLC | New | $18.5k10.9k shares |
| GROUP ONE TRADING LLC | Reduced | $13.8k8.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $77.7k45.7k shares |
| CITADEL ADVISORS LLC | Reduced | $45.7k26.9k shares |
| IMC-Chicago, LLC | New | $36.4k21.4k shares |
| GROUP ONE TRADING LLC | Reduced | $7.5k4.4k 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 2026
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 2024 | 1 | $49.9k | 1 | $2.5m | $485.6k |
| Q3 2024 | 1 | $16.9k | 2 | $212.4k | $212.4k |
| Q4 2024 | 0 | — | 4 | $1.9m | $1.9m |
| Q1 2025 | 1 | $9.6m | 2 | $626.5k | $626.5k |
| Q2 2025 | 0 | — | 2 | $680.2k | $274.9k |
| Q3 2025 | 1 | $1.7m | 5 | $2.0m | $1.1m |
| Q4 2025 | 1 | $21.8m | 2 | $263.1k | $263.1k |
| Q1 2026 | 0 | — | 2 | $93.2k | $93.2k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-24 | Tkach Oxana PRINCIPAL ACCOUNTING OFFICER | Sold plan | $8.9k5.6k shares |
| 2026-01-15 | Kneafsey Brian Head of Revenue | Sold plan | $76.5k25.0k shares |
| 2026-01-07 | Tkach Oxana PRINCIPAL ACCOUNTING OFFICER | Sold plan | $7.7k2.5k 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 2026
| Manager | Shares | Change |
|---|---|---|
| LIGHTSPEED MANAGEMENT COMPANY, L.L.C. 3.98% of their portfolio | 23.1m $39.3m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 16.3m $27.7m | Reduced -65.7k |
| CYPRESS POINT INVESTMENT MANAGEMENT LP 5.82% of their portfolio | 14.5m $24.7m | Added +2.7m |
| Haveli Investment Management LLC 100.00% of their portfolio | 10.8m $18.4m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 9.7m $16.4m | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 6.7m $11.4m | First filing |
| Capricorn Fund Managers Ltd 1.72% of their portfolio | 6.5m $11.0m | New |
| Whitebark Investors LP 8.62% of their portfolio | 6.3m $10.8m | Added +1.3m |
| STATE STREET CORP 0.00% of their portfolio | 6.3m $10.7m | Added +637.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.8m $8.2m | Reduced -88.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 4.7m $8.0m | Added +2.3m |
| Emergence GP Partners, LLC 6.47% of their portfolio | 4.2m $7.2m | Unchanged |
| Divisadero Street Capital Management, LP 0.25% of their portfolio | 3.2m $5.4m | Reduced -2.5m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.6m $4.4m | Added +227.4k |
| Irenic Capital Management LP 0.34% of their portfolio | 2.2m $3.7m | Reduced -910.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 2.2m $3.7m | Added +2.1m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.9m $3.2m | Added +25.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 1.9m $3.2m | Reduced -137.5k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 1.7m $2.9m | Reduced -11.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.7m $2.8m | Reduced -148.7k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.6m $2.7m | First filing |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 1.4m $2.4m | Reduced -63.6k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.10% of their portfolio | 1.0m $1.7m | Added +123.7k |
| ROYCE & ASSOCIATES LP 0.02% of their portfolio | 1.0m $1.7m | Reduced -978.1k |
| Samjo Management, LLC 0.72% of their portfolio | 982.5k $1.7m | New |
| Stoic Point Capital Management LLC 1.41% of their portfolio | 840.3k $1.4m | Reduced -227.3k |
| Panoramic Capital, LLC 0.92% of their portfolio | 772.7k $1.3m | Added +75.0k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.21% of their portfolio | 762.3k $1.3m | Added +13.3k |
| Prospect Capital Advisors, LLC 0.69% of their portfolio | 731.5k $1.2m | Reduced -1.1m |
| UBS Group AG 0.00% of their portfolio | 726.4k $1.2m | Added +314.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 645.9k $1.1m | Added +93.9k |
| MORGAN STANLEY 0.00% of their portfolio | 626.5k $1.1m | Added +244.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 623.1k $1.1m | Added +495.2k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 621.0k $1.1m | Added +263.6k |
| XTX Topco Ltd 0.02% of their portfolio | 606.8k $1.0m | Added +181.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 578.2k $983.0k | Reduced -5.3k |
| Potrero Capital Research LLC 0.57% of their portfolio | 549.7k $934.5k | Reduced -1.1m |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 536.6k $912.2k | New |
| Perigon Wealth Management, LLC 0.02% of their portfolio | 500.6k $851.0k | Added +1.7k |
| Kazazian Asset Management, LLC 0.91% of their portfolio | 488.7k $830.8k | Added +103.3k |
| Nuveen, LLC 0.00% of their portfolio | 471.1k $800.9k | Added +3.5k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 449.3k $763.8k | Reduced -472.1k |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 443.1k $753.0k | Added +168.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 416.1k $707.5k | Reduced -283.7k |
| Swiss National Bank 0.00% of their portfolio | 403.3k $685.6k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 393.6k $669.2k | Added +51.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 347.6k $591.0k | Added +44.8k |
| ALLEN OPERATIONS LLC 0.09% of their portfolio | 344.8k $586.1k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 340.8k $579.3k | Added +21.7k |
| Ahara Advisors LLC 0.42% of their portfolio | 297.1k $505.0k | Added +103.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 258.7k $439.8k | Added +128.7k |
| HRT FINANCIAL LP 0.00% of their portfolio | 254.7k $432.0k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 241.6k $734.4k | Unchanged |
| Legato Capital Management LLC 0.04% of their portfolio | 236.6k $402.2k | Reduced -3.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 230.7k $392.3k | Reduced -12.7k |
| Lighthouse Investment Partners, LLC 0.01% of their portfolio | 229.9k $390.9k | Reduced -68.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 229.9k $390.8k | Added +18.8k |
| EP Wealth Advisors, LLC 0.00% of their portfolio | 229.4k $389.9k | Added +841 |
| Massar Capital Management, LP 0.07% of their portfolio | 220.0k $374.0k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 218.9k $372.2k | Added +162.1k |
| Cypress Point Wealth Management, LLC 0.08% of their portfolio | 215.8k $366.9k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 200.8k $341.3k | Reduced -1.5k |
| Creative Planning 0.00% of their portfolio | 193.9k $329.7k | Added +174.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 187.9k $319.5k | Reduced -46.7k |
| Legal & General Group Plc 0.00% of their portfolio | 177.9k $302.5k | Reduced -63.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 156.7k $265.0k | Added +140.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 148.2k $252.0k | Added +26.2k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 146.9k $249.8k | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 141.4k $240.3k | First filing |
| FMR LLC 0.00% of their portfolio | 132.0k $224.4k | Added +102.0k |
| Man Group plc 0.00% of their portfolio | 130.5k $221.9k | New |
| Mount Lucas Management LP 0.08% of their portfolio | 128.0k $217.6k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 127.2k $216.2k | Reduced -193.6k |
| BARCLAYS PLC 0.00% of their portfolio | 126.4k $214.9k | Reduced -270.8k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 126.3k $214.6k | New |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 124.4k $211.5k | New |
| PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio | 115.6k $196.5k | Reduced -886.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 105.4k $179.3k | Unchanged |
| Quadrature Capital Ltd 0.00% of their portfolio | 94.3k $160.2k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 93.2k $158.4k | First filing |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 90.8k $154.4k | Reduced -158.9k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 85.1k $145.1k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 81.6k $136.3k | Reduced -460 |
| PFG Advisors 0.01% of their portfolio | 80.0k $135.9k | Added +1.0k |
| Summit Trail Advisors, LLC 0.00% of their portfolio | 75.3k $128.0k | Added +56.5k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 73.7k $125.3k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 73.3k $124.6k | Reduced -156.6k |
| Savvy Advisors, Inc. 0.00% of their portfolio | 72.3k $122.9k | Added +47.3k |
| Vontobel Holding Ltd. 0.00% of their portfolio | 70.7k $120.1k | New |
| Patriot Financial Group Insurance Agency, LLC 0.01% of their portfolio | 69.0k $117.2k | Added +23.7k |
| Chicago Partners Investment Group LLC 0.00% of their portfolio | 67.2k $107.6k | Added +13.4k |
| STRS OHIO 0.00% of their portfolio | 64.5k $109.7k | Unchanged |
| Susquehanna Portfolio Strategies, LLC 0.00% of their portfolio | 63.3k $107.6k | Reduced -7.2k |
| Cresset Asset Management, LLC 0.00% of their portfolio | 60.1k $102.2k | Reduced -859 |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 59.3k $100.8k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 58.6k $99.6k | Added +55.2k |
| Quadrant Private Wealth Management, LLC 0.02% of their portfolio | 58.4k $99.3k | Reduced -11.1k |
| Focus Partners Wealth 0.00% of their portfolio | 56.8k $95.0k | Added +41.9k |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 56.5k $96.1k | Reduced -300 |
| Quantinno Capital Management LP 0.00% of their portfolio | 56.3k $95.8k | Reduced -4.2k |