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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
S
301
Sachetta
Massachusetts
$901 +$1.04K +19 New
LC
302
Lindbrook Capital
California
$775 -$165 -3 -16%
FCA
303
FinTrust Capital Advisors
South Carolina
$646 – – –
EWA
304
EverSource Wealth Advisors
Alabama
$523 +$384 +7 +175%
RIL
305
Rothschild Investment LLC
Illinois
$485 +$275 +5 +100%
AWM
306
Avior Wealth Management
Nebraska
$484 -$30.6K -557 -98%
CMBA
307
C.M. Bidwell & Associates
Hawaii
$339 +$110 +2 +40%
VWA
308
Valued Wealth Advisors
Utah
$243 – – –
ECM
309
Everence Capital Management
Indiana
$221 – – –
AWM
310
Abound Wealth Management
Tennessee
$194 – – –
LFG
311
Larson Financial Group
Missouri
$145 +$165 +3 New
JWA
312
JFS Wealth Advisors
Pennsylvania
$49 – – –
RC
313
Rivulet Capital
New Jersey
– -$44.5M -689,243 Closed
TPSF
314
Texas Permanent School Fund
Texas
– -$2.87M -44,507 Closed
Renaissance Technologies
315
Renaissance Technologies
New York
– -$2.1M -32,500 Closed
AIG
316
American International Group
New York
– -$1.97M -30,440 Closed
Balyasny Asset Management
317
Balyasny Asset Management
Illinois
– -$1.57M -24,345 Closed
Mirae Asset Global Investments
318
Mirae Asset Global Investments
South Korea
– -$1.53M -23,998 Closed
ZIM
319
Zacks Investment Management
Illinois
– -$1.28M -19,866 Closed
BBL
320
Beck Bode LLC
Massachusetts
– -$1.09M -16,915 Closed
Pathstone Holdings
321
Pathstone Holdings
New Jersey
– -$983K -15,228 Closed
AQR Capital Management
322
AQR Capital Management
Connecticut
– -$746K -11,555 Closed
Teacher Retirement System of Texas
323
Teacher Retirement System of Texas
Texas
– -$676K -10,468 Closed
MC
324
Maverick Capital
Texas
– -$668K -10,349 Closed
PCM
325
Prelude Capital Management
New York
– -$537K -8,315 Closed
11 12
13
14 15

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.