BlackLine
292 hedge funds and large institutions have $3.12B invested in BlackLine in 2023 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 109 increasing their positions, 95 reducing their positions, and 61 closing their positions.
167% more call options, than puts
Call options by funds: $47.5M | Put options by funds: $17.8M
15% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 95
4.23% less ownership
Funds ownership: 100.18% → 95.95% (-4.2%)
6% less funds holding
Funds holding: 312 → 292 (-20)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
23% less capital invested
Capital invested by funds: $4.04B → $3.12B (-$919M)
33% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$80.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$41.8M |
| 3 |
BlackRock
New York
|
+$29.3M |
| 4 |
Jane Street
New York
|
+$20.7M |
| 5 |
D.E. Shaw & Co
New York
|
+$19.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$106M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$86.1M |
| 3 |
ESCM
Echo Street Capital Management
New York
|
-$69.6M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$45.7M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$22.1M |
BL Hedge Fund Activity: Q2 2023 in Review
292 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q2 2023, worth a combined $3.12B — down 23% from $4.04B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of BL and 41 opened new positions — a net loss of 20 holders — while 95 trimmed existing stakes and 109 added.
The largest buyer was Fidelity Investments, adding an estimated $80.2M. The largest seller was Champlain Investment Partners, exiting entirely with an estimated $106M sold.
- 292 institutional investors held BlackLine (BL) as of Q2 2023, down from 312 in Q1 2023.
- Funds reported $3.12B of BlackLine stock for Q2 2023, down 23% quarter-over-quarter.
- 41 funds opened new BlackLine positions in Q2 2023 and 61 closed out, a net change of -20 holders.
- The largest BlackLine buyer in Q2 2023 was Fidelity Investments, an estimated $80.2M added.
- The largest BlackLine seller in Q2 2023 was Champlain Investment Partners, an estimated $106M sold.
Based on aggregated 13F filings for Q2 2023.