BSFC · Blue Star Foods Corp. · Holdings
Substantial doubt about the company's ability to continue as a going concern.
“For the six months ended June 30, 2026, the Company incurred a net loss of $800,438, had an accumulated deficit of $50,672,170 and a working capital deficit of $3,136,801. These factors raise substantial doubt as to the Company's ability to continue as a going concern.”View the 10-Q filed Jul 31, 2026
6 customers — 49% of revenue (year ended December 31, 2025)
“The Company had six customers which accounted for approximately 49% of revenue during the year ended December 31, 2025.”
2 customers — 24% of revenue (year ended December 31, 2025)
“Two customers accounted for 24% of revenue during the year ended December 31, 2025.”
Key customers — 14% of revenue (year ended December 31, 2025)
“The Company’s two largest customers accounted for 14% and 10%, respectively, of revenue during the year ended December 31, 2025.”
Key customers — 10% of revenue (year ended December 31, 2025)
“The Company’s two largest customers accounted for 14% and 10%, respectively, of revenue during the year ended December 31, 2025.”
5 customers — 48% of revenue (year ended December 31, 2024)
“The Company had five customers which accounted for approximately 48% of revenue during the year ended December 31, 2024.”
2 customers — 31% of revenue (year ended December 31, 2024)
“Two customers accounted for 31% of revenue during the year ended December 31, 2024.”
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Institutional Ownership Trend
Who Holds BSFC
Last 8 quarters through Sep 30, 2024Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.
Sep 30, 2024: 5 filers, like-for-like change +720.0%; actively managed books +966.7%; index-like books +350.0%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 22.0% | 1 | new |
| Bank | 7.3% | 1 | new |
| Holding company | 0.0% | 0 | -100.0% |
| Unknown | 70.7% | 3 | +866.7% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Index-like | 22.0% | 1 | +350.0% |
| Systematic-like | 22.0% | 1 | new |
| Concentrated | 36.6% | 1 | new |
| Diversified active | 19.5% | 2 | +166.7% |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 29.3% | 2 | +500.0% |
| Medium turnover | 12.2% | 1 | +66.7% |
| High turnover | 58.5% | 2 | new |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 36.6% | 1 | new |
| Long horizon | 41.5% | 3 | +240.0% |
| Medium horizon | 0.0% | 0 | — |
| Unknown | 22.0% | 1 | new |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| $1B to $10B | 70.7% | 3 | +866.7% |
| $10B to $100B | 0.0% | 0 | — |
| $100B or more | 29.3% | 2 | +500.0% |
| Under $1B | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Registered funds and BDCs | 22.0% | 1 | new |
| Pooled investment vehicles | 0.0% | 0 | — |
| Individuals and high net worth | 0.0% | 0 | — |
| Unknown | 78.0% | 4 | +540.0% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| No private funds | 22.0% | 1 | new |
| Hedge funds | 0.0% | 0 | — |
| Other private funds | 0.0% | 0 | — |
| Unknown | 78.0% | 4 | +540.0% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 92.7% | 4 | +660.0% |
| Outside the US | 7.3% | 1 | new |
How the mix is measured
Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.
Quarterly Activity
New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.
Top Buyers
vs Jun 30, 2024| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Mid Tower Research Capital LLC (TRC) | +2 | 5 |
Top Sellers
vs Jun 30, 2024Top New Positions
vs Jun 30, 2024| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Mega GEODE CAPITAL MANAGEMENT, LLC | 9 | $0 | |
| Mid Virtu Financial LLC | 15 | $0 | |
| Mega UBS Group AG | 3 | $0 | |
| Mid TWO SIGMA SECURITIES, LLC | 9 | $0 |
Top Sold-Out Positions
vs Jun 30, 2024| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mega CITIGROUP INC | 0 | $0 | |
| Mega MORGAN STANLEY | 2 | $0 | |
| Mega ROYAL BANK OF CANADA | 0 | $0 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Mega UBS Group AG Bank | — | — | 4,522 | Shares | 2024-11-14 | |
| Mega GEODE CAPITAL MANAGEMENT, LLC Registered adviser | — | — | 13,870 | Shares | 2024-11-12 | |
| Mid Tower Research Capital LLC (TRC) | — | — | 8,054 | Shares | 2024-11-14 | |
| — PROEQUITIES, INC. | — | — | 0 | Shares | 2024-10-10 | |
| Mid TWO SIGMA SECURITIES, LLC | — | — | 14,998 | Shares | 2024-11-14 | |
| Mega BANK OF AMERICA CORP /DE/ Bank | — | — | 20 | Shares | 2024-11-14 | |
| Mid Virtu Financial LLC | — | — | 24,691 | Shares | 2024-11-20 |