OPEN Stock Draws Fresh Buying From JPMorgan, BlackRock After Sharp Pullback This Year – Retail Traders Urge Patience

• In terms of the number of shares, JPMorgan increased its Opendoor holdings by 24% in the first quarter, and BlackRock increased it by 1.7%.
• Opendoor shares were unchanged in the overnight session heading into Thursday; but the stock has declined over 20% this year.
• Stocktwits sentiment for OPEN softened to ‘bullish’ from ‘extremely bullish.’

JPMorgan and BlackRock, two major institutional investors in Opendoor, increased their stakes in the real estate company in the March quarter, according to exchange filings on Wednesday.

JPMorgan acquired an additional 237,301 shares, bringing its total holding to 1.22 million, according to Stocktwits calculations based on the investor’s 13-F filings. That marks a increase of 24% sequentially.

The reported value of JPMorgan’s stake in Opendoor increased from $2.01 million last December to $5.73 million in March 2026.

BlackRock added 1.07 million Opendoor shares to its holdings in the first quarter, bringing the total to 63.45 million. That marks an increase of 1.7%. 

However, the reported value of BlackRock's stake in Opendoor has dropped from 135.37 million in December to $91.38 million in March.

Opendoor shares dropped about 20% between January and March. Shares have been on a gradual decline since last September, when a meme-driven rush drove the OPEN stock 2,000% higher in just two months.  

JPM, BlackRock OPEN Stake Details 

JPMorgan's stake in Opendoor.

BlackRock's stake in Opendoor.

OPEN CEO Buys Stock

Earlier this week, CEO Kaz Nejatian said he and his wife purchased $483,500 company shares, after a $1 million stock purchase last November. Other Opendoor investors, such as Pueo Keffer and Mike Alfred, are also loading up amid the dip following the company’s quarterly results last week.

Separately, Opendoor said on Tuesday that Nejatian is listed as a speaker at the J.P. Morgan 2026 Global Technology, Media and Communications conference, and will be speaking there on May 18.

OPEN Q1 Report, Retail View

Despite several changes under new management led by Nejatian, Opendoor’s underlying business remains weak. 

Opendoor reported first-quarter results last week. Revenue declined 38% year over year to $720 million – the top line has now shrunk sequentially for the past four quarters. Q1 net loss more than doubled to $173 million.

On Stocktwits, the retail sentiment for OPEN softened to ‘bullish’ on Thursday, from ‘extremely bullish’ the previous day. Several users noted purchases by the institutional investors and key managerial personnel and urged them to keep a patient view on the stock.

“Our time will come. Patience,” a trader wrote.

Opendoor shares have declined 21.4% year to date.

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