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 ($277.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.72. Options: 7 managers hold calls ($704.0k notional), 3 hold puts ($134.6k).
Trends to Q2 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 |
| Q2 2026 | 184 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 84 | 105 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $5.6m | $4.6m | 0.83 |
| Q4 2025 | $1.4m | $1.2m | 0.84 |
| Q1 2026 | $1.3m | $167.3k | 0.13 |
| Q2 2026 | $704.0k | $134.6k | 0.19 |
Biggest buyers
| Haveli Investment Management LLC | Added | +7.8m |
| Capricorn Fund Managers Ltd | Added | +4.8m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.3m |
| MARSHALL WACE, LLP | Added | +3.0m |
| D. E. Shaw & Co., Inc. | Added | +805.2k |
| RICE HALL JAMES & ASSOCIATES, LLC | Added | +553.7k |
| ESSEX INVESTMENT MANAGEMENT CO LLC | Added | +492.5k |
| Man Group plc | Added | +374.6k |
| CITADEL ADVISORS LLC | Added | +370.4k |
| Prospect Capital Advisors, LLC | Added | +368.9k |
Biggest sellers
| LIGHTSPEED MANAGEMENT COMPANY, L.L.C. | Sold out | -23.1m |
| Divisadero Street Capital Management, LP | Reduced | -3.0m |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -1.2m |
| ROYCE & ASSOCIATES LP | Sold out | -1.0m |
| Samjo Management, LLC | Sold out | -982.5k |
| Stoic Point Capital Management LLC | Sold out | -840.3k |
| BlackRock, Inc. | Reduced | -707.8k |
| XTX Topco Ltd | Reduced | -556.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -486.9k |
| GOLDMAN SACHS GROUP INC | Reduced | -462.5k |
Biggest calls
| Militia Capital Management LLC | Reduced | $513.0k300.0k shares |
| CITADEL ADVISORS LLC | Reduced | $58.0k33.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $50.1k29.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $30.8k18.0k shares |
| JANE STREET GROUP, LLC | New | $20.9k12.2k shares |
| IMC-Chicago, LLC | Added | $20.2k11.8k shares |
| GROUP ONE TRADING LLC | Reduced | $11.1k6.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $84.1k49.2k shares |
| IMC-Chicago, LLC | Added | $49.8k29.1k shares |
| SIMPLEX TRADING, LLC | New | $684400 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2026 | 1 | $11.9m | 1 | $8.8k | $8.8k |
| Q3 2026 | 1 | $25.1k | 4 | $242.8k | $242.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | Ghamsari Nima HEAD OF BLEND, director | Sold plan | $24.8k22.5k shares |
| 2026-09-21 | Ghamsari Nima HEAD OF BLEND, director | Sold plan | $25.0k21.0k shares |
| 2026-09-14 | Ghamsari Nima HEAD OF BLEND, director | Sold plan | $25.4k17.7k shares |
| 2026-09-11 | Venkatramani Srinivasan Head of Product Tech & Cust Op | Sold plan | $106.8k74.7k shares |
| 2026-08-17 | Tkach Oxana PRINCIPAL ACCOUNTING OFFICER | Sold plan | $30.8k21.2k shares |
| 2026-08-17 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $25.1k17.4k shares |
| 2026-08-05 | Thomson Matthew Christopher Head of Revenue | Sold plan | $30.1k15.0k shares |
| 2026-06-15 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $1.1m650.0k shares |
| 2026-06-12 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $436.8k256.9k shares |
| 2026-06-11 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $435.0k250.0k shares |
| 2026-06-10 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $1.2m723.5k shares |
| 2026-06-09 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $303.8k178.7k shares |
| 2026-06-08 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $368.6k216.8k shares |
| 2026-06-05 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $45.3k28.3k shares |
| 2026-06-03 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $374.9k240.3k shares |
| 2026-05-27 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $2.4k1.6k shares |
| 2026-05-26 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $356.0k243.8k shares |
| 2026-05-22 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $1.2m798.2k shares |
| 2026-05-22 | Tkach Oxana PRINCIPAL ACCOUNTING OFFICER | Sold plan | $8.8k5.6k shares |
| 2026-05-21 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $12.2k8.1k shares |
| 2026-05-20 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $278.4k185.6k shares |
| 2026-05-19 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $869.3k583.5k shares |
| 2026-05-18 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $3.2k2.2k shares |
| 2026-05-15 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $762.3k525.7k shares |
| 2026-05-14 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $1.3m1.0m shares |
| 2026-05-13 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $1.9m1.3m shares |
| 2026-05-12 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $364.9k258.8k shares |
| 2026-05-11 | SHETH BRIAN NIRANJAN +6 Director · See footnotes | Bought | $558.2k395.9k 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 2026
| Manager | Shares | Change |
|---|---|---|
| Haveli Investment Management LLC 17.77% of their portfolio | 18.7m $32.0m | Added +7.8m |
| BlackRock, Inc. 0.00% of their portfolio | 15.6m $26.6m | Reduced -707.8k |
| CYPRESS POINT INVESTMENT MANAGEMENT LP 4.43% of their portfolio | 14.3m $24.4m | Reduced -239.7k |
| Capricorn Fund Managers Ltd 1.55% of their portfolio | 11.3m $19.3m | Added +4.8m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 8.5m $14.5m | Reduced -1.2m |
| Whitebark Investors LP 8.38% of their portfolio | 6.3m $10.8m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 6.2m $10.6m | Reduced -486.9k |
| STATE STREET CORP 0.00% of their portfolio | 6.2m $10.6m | Reduced -123.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 5.1m $8.7m | Added +240.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 5.1m $8.7m | Added +370.4k |
| 8VC Opportunities GP II, LLC 1.09% of their portfolio | 5.0m $8.5m | First filing |
| MARSHALL WACE, LLP 0.01% of their portfolio | 4.8m $8.2m | Added +3.0m |
| Emergence GP Partners, LLC 6.46% of their portfolio | 4.2m $7.3m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 3.5m $6.0m | Added +3.3m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 2.5m $4.3m | Added +353.4k |
| Irenic Capital Management LP 0.28% of their portfolio | 2.3m $3.9m | Added +79.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.1m $3.7m | Reduced -462.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 1.8m $3.1m | Reduced -56.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.7m $3.0m | Reduced -165.4k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.13% of their portfolio | 1.6m $2.7m | Added +553.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.5m $2.6m | Reduced -111.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.5m $2.5m | Reduced -101.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 1.4m $2.4m | Added +805.2k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 1.4m $2.4m | Reduced -28.4k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.28% of their portfolio | 1.3m $2.1m | Added +492.5k |
| Prospect Capital Advisors, LLC 0.85% of their portfolio | 1.1m $1.9m | Added +368.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 886.3k $1.5m | Added +263.2k |
| Panoramic Capital, LLC 0.57% of their portfolio | 772.7k $1.3m | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 659.8k $1.1m | Added +123.2k |
| UBS Group AG 0.00% of their portfolio | 635.4k $1.1m | Reduced -91.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 610.4k $1.0m | Added +32.2k |
| GSA CAPITAL PARTNERS LLP 0.06% of their portfolio | 544.2k $931.0k | Added +101.1k |
| Man Group plc 0.00% of their portfolio | 505.1k $863.7k | Added +374.6k |
| Perigon Wealth Management, LLC 0.01% of their portfolio | 499.8k $854.6k | Reduced -797 |
| Kazazian Asset Management, LLC 0.75% of their portfolio | 488.7k $835.6k | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 471.1k $805.6k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 422.8k $723.0k | Added +29.2k |
| Legato Capital Management LLC 0.06% of their portfolio | 417.5k $714.0k | Added +181.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 411.0k $702.8k | Reduced -5.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 395.3k $675.9k | Reduced -250.6k |
| Potrero Capital Research LLC 0.40% of their portfolio | 379.3k $648.6k | Reduced -170.4k |
| ALLEN OPERATIONS LLC 0.08% of their portfolio | 344.8k $589.5k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 343.3k $587.1k | Added +2.6k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 301.2k $515.0k | Added +174.9k |
| Ahara Advisors LLC 0.84% of their portfolio | 276.3k $2.5m | Reduced -20.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 272.5k $463.2k | Added +30.9k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 257.2k $439.8k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 236.7k $404.7k | Added +5.9k |
| EP Wealth Advisors, LLC 0.00% of their portfolio | 228.7k $391.0k | Reduced -719 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 227.6k $389.2k | Reduced -2.3k |
| Cypress Point Wealth Management, LLC 0.08% of their portfolio | 225.8k $386.2k | Added +10.0k |
| MORGAN STANLEY 0.00% of their portfolio | 219.2k $374.8k | Reduced -407.3k |
| PATHWAY CAPITAL MANAGEMENT, LP 1.53% of their portfolio | 214.2k $366.3k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 202.6k $346.5k | Reduced -56.1k |
| Divisadero Street Capital Management, LP 0.01% of their portfolio | 198.9k $340.1k | Reduced -3.0m |
| EntryPoint Capital, LLC 0.08% of their portfolio | 196.7k $336.4k | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 186.2k $315.0k | Added +29.5k |
| Creative Planning 0.00% of their portfolio | 185.7k $317.5k | Reduced -8.3k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 183.6k $312.1k | Added +153.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 174.1k $297.7k | Added +100.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 170.5k $291.5k | Reduced -17.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 160.1k $273.8k | Added +32.9k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 157.4k $269.1k | Added +83.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 153.8k $264.0k | Added +5.7k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 147.7k $252.6k | Added +23.3k |
| Squarepoint Ops LLC 0.00% of their portfolio | 124.2k $212.3k | New |
| Vontobel Holding Ltd. 0.00% of their portfolio | 122.6k $209.7k | Added +51.9k |
| BARCLAYS PLC 0.00% of their portfolio | 120.8k $206.6k | Reduced -5.6k |
| Liberty Mutual Group Asset Management Inc. 0.02% of their portfolio | 115.6k $197.7k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 113.4k $193.9k | Added +60.7k |
| CITIGROUP INC 0.00% of their portfolio | 112.8k $192.9k | Added +88.2k |
| Mount Lucas Management LP 0.06% of their portfolio | 100.0k $171.0k | Reduced -28.0k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 93.2k $159.3k | Unchanged |
| Atom Investors LP 0.01% of their portfolio | 92.7k $158.5k | New |
| Caitong International Asset Management Co., Ltd 0.02% of their portfolio | 81.6k $139.6k | Added +32.5k |
| Lighthouse Investment Partners, LLC 0.00% of their portfolio | 80.3k $137.3k | Reduced -149.6k |
| PFG Advisors 0.01% of their portfolio | 80.0k $136.7k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 78.7k $134.6k | Added +14.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 77.9k $131.6k | Reduced -3.7k |
| Savvy Advisors, Inc. 0.00% of their portfolio | 73.2k $125.2k | Added +906 |
| Quantinno Capital Management LP 0.00% of their portfolio | 71.2k $121.7k | Added +14.8k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 68.0k $116.3k | Reduced -22.8k |
| Jasper Ridge Partners, L.P. 0.00% of their portfolio | 67.6k $115.6k | Added +54.5k |
| Cresset Asset Management, LLC 0.00% of their portfolio | 60.0k $102.6k | Reduced -133 |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 59.3k $101.4k | Unchanged |
| Quadrant Private Wealth Management, LLC 0.02% of their portfolio | 58.4k $99.9k | Unchanged |
| Freestone Capital Holdings, LLC 0.00% of their portfolio | 56.2k $96.1k | Unchanged |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 55.5k $94.8k | Added +39.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 53.6k $91.6k | Reduced -1.3k |
| SG Americas Securities, LLC 0.00% of their portfolio | 52.6k $90.0k | Added +27.8k |
| IMC-Chicago, LLC 0.00% of their portfolio | 51.1k $87.3k | Added +2.4k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 50.6k $86.5k | Added +20.6k |
| XTX Topco Ltd 0.00% of their portfolio | 49.9k $85.3k | Reduced -556.9k |
| Arax Advisory Partners 0.00% of their portfolio | 49.7k $85.0k | Added +49.6k |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio | 46.9k $80.2k | Added +3.7k |
| New Insight Wealth Advisors 0.02% of their portfolio | 45.4k $77.6k | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 45.3k $77.4k | Reduced -581 |
| Westmount Partners, LLC 0.02% of their portfolio | 45.0k $77.0k | New |
| Focus Partners Wealth 0.00% of their portfolio | 44.4k $75.8k | Reduced -12.4k |
| Caprock Group, LLC 0.00% of their portfolio | 44.1k $75.4k | Unchanged |