SCHEDULE: Hood River Capital Reports 5.61% Stake in Butterfly Network

Hood River Capital Management LLC has disclosed a beneficial ownership of 13,190,130 shares, representing 5.61% of Butterfly Network Inc.'s common stock as of June 30, 2026.

Summary

• Hood River Capital Management LLC has filed a Schedule 13G, indicating it beneficially owns 13,190,130 shares of Butterfly Network Inc. common stock.
• This ownership stake represents 5.61% of the total class of securities.
• The filing is dated June 30, 2026, and Hood River Capital Management LLC is identified as an investment adviser.
• The company certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as neutral to slightly negative, as it primarily reports a significant ownership stake without providing new operational or financial performance data.

Positives

• Hood River Capital Management LLC has taken a significant stake in Butterfly Network Inc., which could signal confidence in the company's long-term prospects.
• The filing confirms a substantial institutional investor's presence, potentially adding stability to the stock.

Negatives

• The filing does not provide any new operational or financial performance data for Butterfly Network Inc.
• The disclosure is a routine filing for significant ownership and does not inherently indicate positive or negative company performance.

Risks

• The primary risk is that the filing itself does not offer insights into Butterfly Network's performance or future prospects, making it difficult to assess the investment's underlying value.
• Concentration of ownership by a single entity could lead to specific shareholder interests that may not align with all other stakeholders.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding Butterfly Network Inc.'s future performance. It is a disclosure of ownership.

Management Comments

• Hood River Capital Management LLC certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that significant stake disclosures by investment firms like Hood River Capital Management are common in the healthcare technology sector, often reflecting strategic investment theses or portfolio adjustments.

Stakeholder Impact

• Shareholders: May view the increased institutional ownership positively, potentially leading to greater market interest or stability, but the lack of performance data limits immediate impact assessment.
• Management: The filing indicates a significant shareholder whose interests will need to be considered in strategic decisions.

Next Steps

• Monitor future filings from Hood River Capital Management LLC for any changes in their stake in Butterfly Network Inc.
• Observe Butterfly Network Inc.'s operational and financial performance to assess the impact of institutional ownership.

Key Dates

Keywords

Butterfly Network, Hood River Capital Management, Schedule 13G, Beneficial Ownership, Investment Adviser, Common Stock, Institutional Investor