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BlackLine
BL

312 hedge funds and large institutions have $3.04B invested in BlackLine in 2024 Q2 according to their latest regulatory filings, with 69 funds opening new positions, 97 increasing their positions, 114 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

587% more call options, than puts

Call options by funds: $164M | Put options by funds: $23.9M

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

21% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 57

3% more funds holding

Funds holding: 303 → 312 (+9)

0.11% more ownership

Funds ownership: 101.32% → 101.43% (+0.11%)

15% less repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 114

24% less capital invested

Capital invested by funds: $4.02B → $3.04B (-$983M)

Holders
312
Holders Change
+9
Holders Change %
+2.97%
% of All Funds
4.51%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
69
Increased
97
Reduced
114
Closed
57
Calls
$164M
Puts
$23.9M
Net Calls
+$140M
Net Calls Change
+$20.2M

Top Buyers

1
HRCM
Hawk Ridge Capital Management
California
+$75.6M
2
JPM
JANA Partners Management
New York
+$63.4M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$37.7M
4
TCM
Tensile Capital Management
California
+$24.2M
5
Millennium Management
Millennium Management
New York
+$24.2M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$98.6M
2
RC
Rivulet Capital
New Jersey
-$44.5M
3
Brown Advisory
Brown Advisory
Maryland
-$43.7M
4
Invesco
Invesco
Georgia
-$31.2M
5
Bank of America
Bank of America
North Carolina
-$20.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
SO
251
STRS Ohio
Ohio
$53.3K -$132K -2,400 -69%
NA
252
NewEdge Advisors
Louisiana
$52.3K +$5.55K +101 +10%
C
253
Covestor
United Kingdom
$51K -$24.2K -440 -29%
SAM
254
Smartleaf Asset Management
Massachusetts
$48K +$4.28K +78 +8%
Pacer Advisors
255
Pacer Advisors
Pennsylvania
$45.2K +$15.7K +286 +44%
CFGS
256
Concourse Financial Group Securities
Alabama
$40.9K +$2.64K +48 +6%
QL
257
Quarry LP
New York
$32.3K +$36.6K +666 New
CFO
258
CVA Family Office
Colorado
$29.8K – – –
Nisa Investment Advisors
259
Nisa Investment Advisors
Missouri
$28.3K +$1.81K +33 +6%
PPC
260
Park Place Capital
Alabama
$27.9K -$15.7K -286 -33%
Carson Wealth (CWM LLC)
261
Carson Wealth (CWM LLC)
Nebraska
$26K -$3.73K -68 -11%
HIA
262
Harbor Investment Advisory
Maryland
$24.2K -$38.8K -706 -59%
RA
263
Rise Advisors
New York
$19.8K – – –
GI
264
GAMMA Investing
California
$17.2K +$3.79K +69 +24%
CA
265
Clearstead Advisors
Ohio
$14.5K +$16.5K +300 New
WTC
266
WhitTier Trust Company
Nevada
$13.6K +$15.4K +280 New
OA
267
Operose Advisors
Wisconsin
$12.1K – – –
SC
268
SouthState Corp
Florida
$12.1K +$13.7K +250 New
CT
269
Colonial Trust
South Carolina
$11.4K – – –
CA
270
Crewe Advisors
Utah
$8.82K +$9.99K +182 New
VWM
271
Venturi Wealth Management
Texas
$7.41K – – –
QCG
272
Quadrant Capital Group
Ohio
$7.07K -$42.4K -772 -84%
MIFH
273
Migdal Insurance & Financial Holdings
Israel
$7K -$3.57K -65 -30%
OWA
274
Opal Wealth Advisors
New York
$6.78K +$7.69K +140 New
DFA
275
DHJJ Financial Advisors
Illinois
$6.59K -$1.1K -20 -13%
9 10
11
12 13

BL Hedge Fund Activity: Q2 2024 in Review

312 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q2 2024, worth a combined $3.04B — down 24% from $4.02B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new BL positions and 57 closed out — a net gain of 12 holders — while 97 added to existing stakes and 114 trimmed.

The largest buyer was Hawk Ridge Capital Management, opening a new position worth an estimated $75.6M. The largest seller was Morgan Stanley, cutting an estimated $98.6M.

  • 312 institutional investors held BlackLine (BL) as of Q2 2024, up from 303 in Q1 2024.
  • Funds reported $3.04B of BlackLine stock for Q2 2024, down 24% quarter-over-quarter.
  • 69 funds opened new BlackLine positions in Q2 2024 and 57 closed out, a net change of +12 holders.
  • The largest BlackLine buyer in Q2 2024 was Hawk Ridge Capital Management, an estimated $75.6M added.
  • The largest BlackLine seller in Q2 2024 was Morgan Stanley, an estimated $98.6M sold.

Based on aggregated 13F filings for Q2 2024.