BKKTNYSEFinance ServicesFiscal year ends December 31
Bakkt, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$5.50−0.09 (-1.61%)
Close on Oct 19, 2026
- Market cap
- $229.32M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
27.5%
12M of 45M shares
Institutional holders
98
15 new, 22 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
5 buys · 21 sales
Net bought $8.77M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Susquehanna Portfolio Strategies, LLC | 948,825 | 6.00% | 13G (passive) | Sep 30, 2025 |
| Intercontinental Exchange Holdings, Inc. | 8,380,362 | 19.80% | 13D (active) amendment | Apr 30, 2026 |
| Intercontinental Exchange, Inc. | 8,380,362 | 27.00% | 13D (active) amendment | Mar 2, 2026 |
| BlackRock, Inc. | 2,452,659 | 5.50% | 13G (passive) | Jun 30, 2026 |
| Akshay Sudhir Naheta | 11,138,989 | 22.30% | 13D (active) amendment | Apr 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BKKT | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 3,086,320 | 6.85% | $24.10M | +1,932,455 | 0.00% |
| Vanguard Capital Management LLC | 1,239,071 | 2.75% | $9.68M | +615,736 | 0.00% |
| Geode Capital Management, LLC | 1,023,204 | 2.27% | $15.76M | +453,363 | 0.00% |
| Toroso Investments, LLC | 945,000 | 2.10% | $7.38M | −2,547 | 0.01% |
| Alpine Fox Capital LLC | 905,000 | 2.01% | $7.07M | +865,000 | 3.35% |
| State Street Corp | 732,000 | 1.62% | $5.72M | +448,228 | 0.00% |
| Weiss Asset Management LP | 678,530 | 1.51% | $5.30M | – | 0.06% |
| Renaissance Technologies LLC | 309,285 | 0.69% | $2.42M | −131,815 | 0.00% |
| Horizon Kinetics Asset Management LLC | 279,964 | 0.62% | $2.19M | −36,574 | 0.02% |
| UBS Group AG | 256,262 | 0.57% | $2.00M | −54,619 | 0.00% |
| Northern Trust Corp | 232,781 | 0.52% | $1.82M | +124,038 | 0.00% |
| Vanguard Portfolio Management LLC | 229,648 | 0.51% | $1.79M | +135,754 | 0.00% |
| Nuveen, LLC | 219,897 | 0.49% | $1.72M | +189,035 | 0.00% |
| Vanguard Fiduciary Trust Co | 212,097 | 0.47% | $1.66M | +125,817 | 0.00% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 161,642 | 0.36% | $1.26M | −58,719 | 0.00% |
| Wells Fargo & Company/Mn | 144,519 | 0.32% | $1.13M | +114,256 | 0.00% |
| Aqr Capital Management LLC | 142,411 | 0.32% | $1.11M | −10,019 | 0.00% |
| Marshall Wace, Llp | 137,583 | 0.31% | $1.07M | +68,189 | 0.00% |
| Charles Schwab Investment Management Inc | 107,471 | 0.24% | $839.35K | +71,945 | 0.00% |
| Susquehanna International Group, Llp | 93,257 | 0.21% | $728.34K | New | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 98 | 12M | 27.5% | 15 / 48 | 23 / 22 | 6M | 3M |
| Q1 2026 | 107 | 9M | 20.5% | 35 / 39 | 16 / 22 | 5M | 1M |
| Q4 2025 | 96 | 7M | 14.9% | 32 / 35 | 17 / 25 | 3M | 1M |
| Q3 2025 | 93 | 6M | 12.2% | 42 / 30 | 6 / 7 | 4M | 0M |
| Q2 2025 | 58 | 2M | 3.9% | 21 / 18 | 9 / 7 | 1M | 0M |
| Q1 2025 | 45 | 1M | 3.0% | 8 / 7 | 17 / 12 | 0M | 0M |
| Q4 2024 | 49 | 1M | 3.0% | 13 / 11 | 12 / 12 | 0M | 0M |
| Q3 2024 | 49 | 1M | 3.2% | 12 / 13 | 15 / 16 | 0M | 0M |
| Q2 2024 | 54 | 1M | 3.2% | 54 / 0 | 0 / 2 | 1M | 0M |
| Q1 2024 | 2 | 0M | 0.0% | 2 / 0 | 0 / 0 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BKKT | Value | % of fund | As of |
|---|---|---|---|---|---|
| Amplify Blockchain Technology ETF | 945,000 | 2.10% | $7.38M | 0.63% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 852,702 | 1.89% | $6.66M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 833,996 | 1.85% | $6.51M | 0.01% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 368,334 | 0.82% | $2.88M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 321,899 | 0.71% | $2.31M | 0.01% | Jul 31, 2026 |
| Fidelity Crypto Industry and Digital Payments ETF | 242,337 | 0.54% | $1.89M | 0.72% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 240,614 | 0.53% | $1.88M | 0.01% | Jun 30, 2026 |
| Nuveen Equity Index Fund | 177,732 | 0.39% | $1.27M | 0.00% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P Kensho New Economies Composite ETF | 177,725 | 0.39% | $1.39M | 0.05% | Jun 30, 2026 |
| Global X Blockchain ETF | 115,148 | 0.26% | $1.25M | 0.32% | May 31, 2026 |
| 1290 VT Small Cap Value Portfolio | 103,838 | 0.23% | $810.97K | 0.17% | Jun 30, 2026 |
| iShares Micro-Cap ETF | 97,688 | 0.22% | $762.94K | 0.05% | Jun 30, 2026 |
| BlackRock Advantage Small Cap Core Fund | 94,219 | 0.21% | $1.02M | 0.02% | May 29, 2026 |
| Vanguard Russell 2000 Index Fund | 82,687 | 0.18% | $898.81K | 0.01% | May 31, 2026 |
| Kinetics Internet Portfolio | 80,000 | 0.18% | $624.80K | 0.25% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Andrew A. Main | Co-CEO & President, Director | 431,963 | 0.96% | Jul 16, 2025 |
| Marc D'Annunzio | General Counsel & Secretary | 107,006 | 0.24% | Sep 25, 2026 |
| Nicholas Baes | Chief Operating Officer | 104,103 | 0.23% | Sep 25, 2026 |
| Joseph Sean-Walsh Henderson | Chief Accounting Officer | 12,672 | 0.03% | Sep 25, 2026 |
| Matthew A. White | Chief Financial Officer | – | – | Aug 27, 2026 |
| Karen Alexander | Chief Financial Officer | 53,542 | 0.12% | Jul 17, 2026 |
| Akshay Sudhir Naheta | Chief Executive Officer | 9,093,522 | 20.18% | May 18, 2026 |
| Michael Alfred | Director | 1,230,043 | 2.73% | Aug 19, 2026 |
| Richard William Galvin | Director | 6,654 | 0.01% | Dec 5, 2025 |
| Madelyn Alden Schwartzer | Director | 4,809 | 0.01% | Oct 29, 2025 |
| Michelle J. Goldberg | Director | 37,608 | 0.08% | Jun 20, 2025 |
| Gordon Watson | Director | 46,910 | 0.10% | Jun 20, 2025 |
| Sean Roberts Collins | Director | 63,451 | 0.14% | Jun 20, 2025 |
| Colleen B. Brown | Director | 31,499 | 0.07% | Jun 20, 2025 |
| Jill Simeone | Director | 37,806 | 0.08% | Jun 20, 2025 |
| De'Ana Dow | Director | 39,271 | 0.09% | Jun 20, 2025 |
| Intercontinental Exchange Holdings, Inc. | 10% owner | 649,934 | 1.44% | Dec 5, 2025 |
| Intercontinental Exchange, Inc. | 10% owner | 649,934 | 1.44% | Dec 5, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Joseph Sean-Walsh Henderson Chief Accounting Officer | Sep 23, 2026 | Sale | −282 | $8.61 | $2.43K | 12,672 |
| Nicholas Baes Chief Operating Officer | Sep 23, 2026 | Sale | −1,272 | $8.61 | $10.95K | 104,103 |
| Marc D'Annunzio General Counsel & Secretary | Sep 23, 2026 | Sale | −1,272 | $8.61 | $10.95K | 107,006 |
| Michael Alfred Director | Aug 18, 2026 | Buy | +296,567 | $7.12 | $2.11M | 1,201,567 |
| Karen Alexander Chief Financial Officer | Jul 15, 2026 | Sale | −657 | $8.44 | $5.55K | 53,542 |
| Joseph Sean-Walsh Henderson Chief Accounting Officer | Jul 15, 2026 | Sale | −94 | $8.33 | $783 | 12,954 |
| Marc D'Annunzio General Counsel & Secretary | Jul 15, 2026 | Sale | −539 | $8.44 | $4.55K | 108,278 |
| Marc D'Annunzio General Counsel & Secretary | Jun 26, 2026 | Sale(10b5-1 plan) | −1,357 | $7.71 | $10.46K | 108,817 |
| Nicholas Baes Chief Operating Officer | Jun 25, 2026 | Sale | −1,562 | $7.93 | $12.39K | 105,375 |
| Karen Alexander Chief Financial Officer | Jun 25, 2026 | Sale | −1,907 | $7.93 | $15.12K | 54,199 |
| Marc D'Annunzio General Counsel & Secretary | Jun 25, 2026 | Sale(10b5-1 plan) | −1,562 | $7.93 | $12.39K | 110,174 |
| Joseph Sean-Walsh Henderson Chief Accounting Officer | Jun 25, 2026 | Sale | −349 | $7.93 | $2.77K | 13,048 |
| Michael Alfred Director | Jun 10, 2026 | Buy | +100,000 | $7.83 | $783.00K | 905,000 |
| Michael Alfred Director | Jun 9, 2026 | Buy | +180,000 | $7.71 | $1.39M | 805,000 |
| Michael Alfred Director | May 18, 2026 | Buy | +220,000 | $8.20 | $1.80M | 625,000 |
| Karen Alexander Chief Financial Officer | May 15, 2026 | Option exercise | +335 | $10.00 | $3.35K | 56,106 |
| Marc D'Annunzio General Counsel & Secretary | May 15, 2026 | Option exercise | +1,677 | $10.00 | $16.77K | 111,736 |
| Nicholas Baes Chief Operating Officer | May 15, 2026 | Option exercise | +671 | $10.00 | $6.71K | 106,937 |
| Michael Alfred Director | May 15, 2026 | Buy | +365,000 | $8.34 | $3.04M | 405,000 |
| Akshay Sudhir Naheta Chief Executive Officer | May 15, 2026 | Option exercise | +33,557 | $10.00 | $335.57K | 9,093,522 |
| Akshay Sudhir Naheta CEO and President, Director, 10% owner | Apr 30, 2026 | Award | +7,927,831 | – | – | 9,026,408 |
| Marc D'Annunzio General Counsel & Secretary | Apr 28, 2026 | Sale(10b5-1 plan) | −3,789 | $9.13 | $34.59K | 114,050 |
| Marc D'Annunzio General Counsel & Secretary | Apr 28, 2026 | Sale(10b5-1 plan) | −3,991 | $8.60 | $34.32K | 110,059 |
| Karen Alexander Chief Financial Officer | Apr 28, 2026 | Sale | −4,684 | $9.13 | $42.76K | 55,771 |
| Nicholas Baes Chief Operating Officer | Apr 28, 2026 | Sale | −2,352 | $9.13 | $21.47K | 106,266 |
| Nicholas Baes Chief Operating Officer | Apr 6, 2026 | Sale | −711 | $7.56 | $5.38K | 101,312 |
| Marc D'Annunzio General Counsel and Secretary | Mar 30, 2026 | Sale(10b5-1 plan) | −5,342 | $7.08 | $37.82K | 106,069 |
| Marc D'Annunzio General Counsel and Secretary | Mar 27, 2026 | Sale(10b5-1 plan) | −6,422 | $8.55 | $54.91K | 111,411 |
| Marc D'Annunzio General Counsel and Secretary | Feb 24, 2026 | Sale(10b5-1 plan) | −785 | $10.09 | $7.92K | 117,833 |
| Joseph Sean-Walsh Henderson Chief Accounting Officer | Dec 19, 2025 | Sale | −2,461 | $10.01 | $24.63K | 10,936 |
| Intercontinental Exchange, Inc. 10% owner | Dec 3, 2025 | Conversion | +465,890 | – | – | 7,919,002 |
| Michael Alfred Director | Nov 19, 2025 | Award | +9,000 | – | – | 28,476 |
| Akshay Sudhir Naheta CEO and President, Director | Nov 14, 2025 | Option exercise | +803,861 | – | – | 1,098,577 |
| Marc D'Annunzio General Counsel & Secretary | Nov 14, 2025 | Tax withholding | −495 | $21.61 | $10.70K | 118,618 |
| Karen Alexander Chief Financial Officer | Nov 14, 2025 | Tax withholding | −121 | $21.61 | $2.61K | 69,499 |
| Nicholas Baes Chief Operating Officer | Nov 14, 2025 | Tax withholding | −198 | $21.61 | $4.28K | 105,945 |
| Akshay Sudhir Naheta CEO and President, Director | Nov 14, 2025 | Option exercise | +803,861 | – | – | 1,098,577 |
| Karen Alexander Chief Financial Officer | Nov 12, 2025 | Option exercise | +335 | $10.00 | $3.35K | 69,620 |
| Nicholas Baes Chief Operating Officer | Nov 12, 2025 | Option exercise | +671 | $10.00 | $6.71K | 106,143 |
| Marc D'Annunzio General Counsel & Secretary | Nov 12, 2025 | Option exercise | +1,677 | $10.00 | $16.77K | 119,113 |
| Akshay Sudhir Naheta CEO and President, Director | Nov 12, 2025 | Option exercise | +33,557 | $10.00 | $335.57K | 294,716 |
| Joseph Sean-Walsh Henderson Chief Accounting Officer | Nov 12, 2025 | Sale | −169 | $21.50 | $3.63K | 13,397 |
| Intercontinental Exchange, Inc. 10% owner | Nov 3, 2025 | Other | +649,934 | – | – | 649,934 |
| Intercontinental Exchange, Inc. 10% owner | Nov 3, 2025 | Conversion | +6,803,178 | – | – | 7,453,112 |
| Intercontinental Exchange, Inc. 10% owner | Nov 3, 2025 | Other | +649,934 | – | – | 649,934 |
| Intercontinental Exchange, Inc. 10% owner | Nov 3, 2025 | Option exercise | +6,803,178 | – | – | 7,453,112 |
| Marc D'Annunzio General Counsel & Secretary | Nov 3, 2025 | Option exercise | +48,188 | – | – | 117,436 |
| Akshay Sudhir Naheta CEO and President, Director | Nov 3, 2025 | Award | +69,733 | $39.34 | $2.74M | 261,159 |
| Michael Alfred Director | Oct 30, 2025 | Award | +139 | – | – | 19,476 |
| Nicholas Baes Chief Operating Officer | Oct 9, 2025 | Sale | −4,922 | $39.59 | $194.86K | 101,023 |
| Nicholas Baes Chief Operating Officer | Sep 25, 2025 | Tax withholding | −810 | $20.00 | $16.20K | 105,472 |
| Karen Alexander Chief Financial Officer | Aug 28, 2025 | Tax withholding | −483 | $8.89 | $4.29K | 69,285 |
| Akshay Sudhir Naheta CEO and President, Director | Aug 22, 2025 | Buy | +30,000 | $8.55 | $256.50K | 191,426 |
| Akshay Sudhir Naheta CEO and President, Director | Aug 21, 2025 | Buy | +50,000 | $8.00 | $400.00K | 161,426 |
| Akshay Sudhir Naheta CEO and President, Director | Aug 21, 2025 | Buy | +100,000 | $8.18 | $818.00K | 111,426 |
| Joseph Sean-Walsh Henderson Chief Accounting Officer | Jul 15, 2025 | Sale | −95 | $18.75 | $1.78K | 13,566 |
| Andrew A. Main Co-CEO & President, Director | Jul 15, 2025 | Sale | −14,440 | $18.21 | $262.95K | 431,963 |
| Marc D'Annunzio General Counsel & Secretary | Jul 15, 2025 | Sale | −559 | $18.21 | $10.18K | 69,248 |
| Karen Alexander Chief Financial Officer | Jul 15, 2025 | Sale | −671 | $18.21 | $12.22K | 69,768 |
| Jill Simeone Director | Jun 17, 2025 | Award | +16,543 | – | – | 37,806 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| D'Annunzio Marc Officer | Jul 16, 2026 | 604 | $4.99K | Jul 16, 2026 | Performance Stock Units |
| D'Annunzio Marc Officer | Jun 26, 2026 | 1,357 | $10.63K | Jun 26, 2026 | Restricted Stock Units |
| Dannunzio Marc Officer | Apr 28, 2026 | 3,991 | $35.92K | Apr 28, 2026 | Restricted Stock Units |
| Dannunzio Marc Officer | Mar 30, 2026 | 5,342 | $39.10K | Mar 30, 2026 | Restricted Stock Units |
| Dannunzio Marc Officer | Feb 24, 2026 | 785 | $7.97K | Feb 24, 2026 | Restricted and Performance Stock Units |
| Dow Deana Director | Dec 9, 2025 | 27,681 | $355.17K | Dec 9, 2025 | Restricted stock vesting under a registered plan |
| Dow Deana Director | Nov 12, 2025 | 4,600 | $100.28K | Nov 11, 2025 | Restricted stock vesting under a registered plan |
| Dow Deana Officer, Director | May 15, 2025 | 19,200 | $247.53K | May 15, 2025 | Restricted stock vesting under a registered plan |
| Dannunzio Marc Officer, Director | May 14, 2025 | 10,000 | $142.08K | May 14, 2025 | Exercise of options under a registered plan |
| Dannunzio Marc Officer | Apr 22, 2024 | 20,504 | $8.16K | Apr 22, 2024 | Performance Stock Units |
| Dannunzio Marc Officer | Feb 23, 2024 | 50,247 | $44.61K | Feb 23, 2024 | Restricted Stock Units |
| Dannunzio Marc Officer | Feb 8, 2024 | 19,329 | $28.03K | Feb 8, 2024 | Restricted Stock Units |
| Dannunzio Marc Officer | Jan 25, 2024 | 42,807 | $54.36K | Jan 25, 2024 | Restricted Stock Units |
| VPC Impact Acquisition Holdings Sponsor, LLC 10% Stockholder | Dec 28, 2023 | 1,000,000 | $2.00M | Dec 28, 2023 | SPAC Merger |
| VPC Impact Acquisition Holdings Sponsor, LLC 10% Stockholder | Dec 27, 2023 | 500,000 | $1.00M | Dec 27, 2023 | SPAC Merger |