Question 1

What percentage of BULL is owned by institutions?

Accepted Answer

Based on Q1 2026 13F filings, institutional ownership of Webull Corporation Class A Ordinary Shares stands at 22.0%, held across 182 reporting institutions.

Question 2

Who is the largest institutional holder of BULL?

Accepted Answer

SUSQUEHANNA INTERNATIONAL GROUP, LLP is the largest reported institutional holder of BULL, with approximately 33,711,654 shares worth $0.16B as of Q1 2026.

Question 3

Is BULL a hedge fund favorite?

Accepted Answer

Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of BULL, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC, TIGER GLOBAL MANAGEMENT LLC, RENAISSANCE TECHNOLOGIES LLC.

Question 4

What is BULL's Smart Money Score?

Accepted Answer

Our composite Smart Money Score for BULL is 60 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

Question 5

How many institutions bought BULL this quarter?

Accepted Answer

72 institutions opened new positions in BULL during Q1 2026, while 35 fully exited. 29 added to existing positions and 79 trimmed.

Question 6

How is institutional ownership of BULL changing?

Accepted Answer

BULL institutional ownership fell by 13.42 percentage points quarter-over-quarter, with a net change of +37 holders.

Question 7

How concentrated is BULL ownership among the top holders?

Accepted Answer

The top 10 institutions account for 73.5% of all reported 13F value in BULL, and the top 25 account for 89.8%.

Question 8

Where does this BULL institutional ownership data come from?

Accepted Answer

All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.

#	Institution	Shares Held	Market Value	QoQ Change	Ownership %	% of Fund
1	SUSQUEHANNA INTERNATIONAL GROUP, LLP	33.7M	$161.8M	-4.8%	6.339%	0.02%
2	BlackRock, Inc.	15.8M	$76.0M	+4.5%	2.977%	0.00%
3	HS Investments IV Ltd	14.1M	$67.8M	0.0%	2.656%	84.13%
4	CITADEL ADVISORS LLC	12.5M	$60.0M	-2.5%	2.350%	0.03%
5	SC CHINA HOLDING Ltd	7.1M	$55.2M	0.0%	1.326%	3.41%
6	Divisadero Street Capital Management, LP	9.5M	$45.8M	+1093.5%	1.795%	2.15%
7	TIGER GLOBAL MANAGEMENT LLC	6.7M	$32.3M	0.0%	1.264%	0.14%
8	GOLDMAN SACHS GROUP INC	4.9M	$23.5M	+82.8%	0.920%	0.00%
9	STATE STREET CORP	4.8M	$23.1M	+10.7%	0.904%	0.00%
10	GEODE CAPITAL MANAGEMENT, LLC	3.8M	$18.0M	+3.5%	0.707%	0.00%
11	AQR CAPITAL MANAGEMENT LLC	3.3M	$16.0M	—	0.627%	0.01%
12	UBS Group AG	3.2M	$15.5M	+72.3%	0.607%	0.00%
13	TUDOR INVESTMENT CORP ET AL	2.1M	$10.0M	—	0.392%	0.04%
14	DEUTSCHE BANK AG\	2.0M	$9.8M	+973.4%	0.384%	0.00%
15	Nuveen, LLC	1.8M	$8.5M	+200.0%	0.334%	0.00%
16	BARCLAYS PLC	1.7M	$8.4M	-41.6%	0.329%	0.00%
17	VANGUARD PORTFOLIO MANAGEMENT LLC	1.6M	$7.7M	—	0.302%	0.00%
18	Marex Group plc	1.6M	$7.5M	-26.3%	0.292%	0.02%
19	RENAISSANCE TECHNOLOGIES LLC	1.5M	$7.4M	+321.3%	0.289%	0.01%
20	HHLR ADVISORS, LTD.	1.5M	$7.2M	-74.9%	0.282%	0.43%
21	NORTHERN TRUST CORP	1.4M	$6.9M	+8.4%	0.270%	0.00%
22	Aquatic Capital Management LLC	1.1M	$5.4M	+173.2%	0.212%	0.16%
23	Qube Research & Technologies Ltd	1.1M	$5.2M	+2311.3%	0.204%	0.01%
24	CAPITAL FUND MANAGEMENT S.A.	1.0M	$5.0M	-56.5%	0.195%	0.03%
25	Walleye Trading LLC	974K	$4.7M	-31.0%	0.183%	0.01%

Quarter	Inst. Holders	Δ Holders	Ownership %	Δ Ownership	Total 13F Value	Δ Value
Q1 2026	182	+26%	22.04%	13.42 pp	$767M	38%
Q4 2025	145	+56%	35.46%	32.43 pp	$1.23B	48%
Q3 2025	93	+39%	67.89%	+32.20 pp	$2.36B	+90%
Q2 2025	67	—	35.69%	—	$1.24B	—

Webull Corporation Class A Ordinary Shares (BULL) Institutional Ownership

Webull Corporation Class A Ordinary Shares (BULL) Institutional Ownership

AI Insights & Key Takeaways

Top Institutional Holders of BULL

Quarterly Institutional Activity

BULL Institutional Ownership by Quarter

BULL — Frequently Asked Questions