P2 Capital Partners’s Blackbaud BLKB Stock Holding History

P2 Capital Partners’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
2026 Q1	$18.6M	Sell	482,874 -147,429	-23%	-$7.36M	8.88%	6
2025 Q4	$39.9M	Hold	630,303	–	–	10.22%	3
2025 Q3	$40.5M	Buy	630,303 +139,549	+28%	+$9.14M	7.79%	5
2025 Q2	$31.5M	Buy	490,754 +44,495	+10%	+$2.78M	6.03%	6
2025 Q1	$27.7M	Sell	446,259 -311,920	-41%	-$22.2M	5.38%	7
2024 Q4	$56M	Sell	758,179 -562,072	-43%	-$46M	9.52%	4
2024 Q3	$112M	Sell	1,320,251 -1,307	-0.1%	-$104K	12.77%	2
2024 Q2	$101M	Hold	1,321,558	–	–	11.04%	2
2024 Q1	$98M	Sell	1,321,558 -331,381	-20%	-$25.3M	11.58%	3
2023 Q4	$143M	Sell	1,652,939 -97,061	-6%	-$7.34M	15.77%	2
2023 Q3	$123M	Hold	1,750,000	–	–	16.1%	2
2023 Q2	$125M	Hold	1,750,000	–	–	14.5%	2
2023 Q1	$121M	Buy	1,750,000 +100,000	+6%	+$5.99M	15.55%	2
2022 Q4	$97.1M	Buy	1,650,000 +282,655	+21%	+$15.8M	12.84%	3
2022 Q3	$60.2M	Buy	1,367,345 +653,774	+92%	+$35.2M	7.43%	3
2022 Q2	$41.4M	Buy	+713,571	New	+$41.5M	4.69%	10

Other funds holding BLKB

CCG

Clearlake Capital Group Santa Monica, California $680M AUM 30.34% 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

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

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

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

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

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

GCM

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

P2 Capital Partners's BLKB Position: Q1 2026 in Review

P2 Capital Partners reduced its Blackbaud (BLKB) stake by 23% in Q1 2026, selling an estimated $7.36M and leaving 482,874 shares worth $18.6M. The position accounts for 8.88% of the portfolio, ranked #6.

P2 Capital Partners first reported a position in BLKB in Q2 2022 and has held it in 16 quarters since. The position peaked at $143M in Q4 2023. 295 funds tracked by Wall St. Rank hold BLKB as of Q1 2026.

P2 Capital Partners held 482,874 shares of Blackbaud worth $18.6M as of Q1 2026.
P2 Capital Partners sold 147,429 Blackbaud shares in Q1 2026, an estimated $7.36M.
Blackbaud made up 8.88% of P2 Capital Partners's portfolio in Q1 2026, its #6 holding.
P2 Capital Partners first reported a position in Blackbaud in Q2 2022 and has held it in 16 quarters since.
P2 Capital Partners's Blackbaud position peaked at $143M in Q4 2023.
295 funds tracked by Wall St. Rank held Blackbaud as of Q1 2026.

Based on P2 Capital Partners's 13F filing for Q1 2026, filed 15 May 2026.