Dark Forest Capital Management’s Blackbaud BLKB Stock Holding History

Dark Forest Capital Management’s Portfolio BLKB Stock Details BLKB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-19,219	Closed	-$1.24M	–	992
2025 Q3	$1.24M	Buy	19,219 +1,977	+11%	+$129K	0.05%	654
2025 Q2	$1.11M	Buy	17,242 +9,064	+111%	+$567K	0.04%	703
2025 Q1	$507K	Buy	+8,178	New	+$581K	0.02%	923
2024 Q2	–	Sell	-6,723	Closed	-$498K	–	671
2024 Q1	$498K	Buy	+6,723	New	+$513K	0.08%	281
2022 Q4	–	Sell	-438	Closed	-$19K	–	1162
2022 Q3	$19K	Buy	+438	New	+$23.6K	﹤0.01%	629
2022 Q1	–	Sell	-175	Closed	-$14K	–	1301
2021 Q4	$14K	Buy	+175	New	+$13.5K	0.01%	790
2021 Q3	–	Sell	-1,013	Closed	-$78K	–	1276
2021 Q2	$78K	Buy	+1,013	New	+$73K	0.03%	377

Other funds holding BLKB

CCG

Clearlake Capital Group Santa Monica, California $680M AUM 30.34% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Janus Henderson Group London, United Kingdom $209B AUM 37.72% 1-Year Est. Return

GCM

Geneva Capital Management Milwaukee, Wisconsin $4.71B AUM 6.32% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

VBA

Van Berkom & Associates Montreal, Quebec, Canada $3.08B AUM 12.07% 1-Year Est. Return

Dark Forest Capital Management's BLKB Position: Q4 2025 in Review

Dark Forest Capital Management sold out of Blackbaud (BLKB) in Q4 2025, closing a stake of 19,219 shares — an estimated $1.24M sold.

Dark Forest Capital Management first reported a position in BLKB in Q2 2021 and held it in 7 quarters. The position peaked at $1.24M in Q3 2025. 303 funds tracked by Wall St. Rank hold BLKB as of Q4 2025.

Dark Forest Capital Management reported no remaining Blackbaud position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 19,219 Blackbaud shares in Q4 2025, an estimated $1.24M.
Dark Forest Capital Management first reported a position in Blackbaud in Q2 2021 and held it in 7 quarters.
Dark Forest Capital Management's Blackbaud position peaked at $1.24M in Q3 2025.
303 funds tracked by Wall St. Rank held Blackbaud as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.