BlackLine
277 hedge funds and large institutions have $3.14B invested in BlackLine in 2025 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 101 increasing their positions, 107 reducing their positions, and 63 closing their positions.
474% more call options, than puts
Call options by funds: $120M | Put options by funds: $21M
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
1.65% more ownership
Funds ownership: 102.31% → 103.96% (+1.6%)
6% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 107
9% less funds holding
Funds holding: 305 → 277 (-28)
19% less capital invested
Capital invested by funds: $3.89B → $3.14B (-$746M)
41% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$59.5M |
| 2 |
Neuberger Berman Group
New York
|
+$46.4M |
| 3 |
First Manhattan
New York
|
+$35.9M |
| 4 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$33.5M |
| 5 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$20.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$46.4M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$42.6M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$24.7M |
| 4 |
BlackRock
New York
|
-$22M |
| 5 |
SRFM
Shannon River Fund Management
New York
|
-$19.8M |
BL Hedge Fund Activity: Q1 2025 in Review
277 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q1 2025, worth a combined $3.14B — down 19% from $3.89B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of BL and 37 opened new positions — a net loss of 26 holders — while 107 trimmed existing stakes and 101 added.
The largest buyer was Hawk Ridge Capital Management, adding an estimated $59.5M. The largest seller was Fidelity Investments, cutting an estimated $46.4M.
- 277 institutional investors held BlackLine (BL) as of Q1 2025, down from 305 in Q4 2024.
- Funds reported $3.14B of BlackLine stock for Q1 2025, down 19% quarter-over-quarter.
- 37 funds opened new BlackLine positions in Q1 2025 and 63 closed out, a net change of -26 holders.
- The largest BlackLine buyer in Q1 2025 was Hawk Ridge Capital Management, an estimated $59.5M added.
- The largest BlackLine seller in Q1 2025 was Fidelity Investments, an estimated $46.4M sold.
Based on aggregated 13F filings for Q1 2025.