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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
OR
326
Olympiad Research
Connecticut
– -$523K -8,099 Closed
HT
327
Headlands Technologies
Illinois
– -$484K -7,492 Closed
BPA
328
Beacon Pointe Advisors
California
– -$451K -6,984 Closed
DTL
329
Dynamic Technology Lab
Singapore
– -$435K -6,729 Closed
Cerity Partners
330
Cerity Partners
New York
– -$433K -6,698 Closed
FA
331
FDx Advisors
Illinois
– -$407K -6,300 Closed
BTWM
332
Baker Tilly Wealth Management
Wisconsin
– -$383K -5,926 Closed
DAS
333
Diversify Advisory Services
Utah
– -$371K -5,791 Closed
SRL
334
Scientech Research LLC
New Jersey
– -$374K -5,785 Closed
SWP
335
Stratos Wealth Partners
Ohio
– -$367K -5,682 Closed
Walleye Capital
336
Walleye Capital
New York
– -$319K -4,935 Closed
SG Americas Securities
337
SG Americas Securities
New York
– -$306K -4,746 Closed
DFCM
338
Dark Forest Capital Management
Puerto Rico
– -$282K -4,374 Closed
Mariner
339
Mariner
Kansas
– -$282K -4,369 Closed
OMC
340
Overbrook Management Corp
New York
– -$275K -4,265 Closed
PCM
341
Princeton Capital Management
New Jersey
– -$274K -4,250 Closed
GLA
342
Great Lakes Advisors
Illinois
– -$273K -4,231 Closed
Commonwealth Equity Services
343
Commonwealth Equity Services
Massachusetts
– -$267K -4,127 Closed
DIM
344
DC Investments Management
Virginia
– -$264K -4,087 Closed
HR
345
Hardy Reed
Mississippi
– -$262K -4,063 Closed
PS
346
Portfolio Strategies
New York
– -$262K -4,063 Closed
AWAU
347
Alliance Wealth Advisors (Utah)
Utah
– -$253K -3,921 Closed
SWS
348
SYSTM Wealth Solutions
Illinois
– -$253K -3,915 Closed
BWM
349
Baron Wealth Management
Michigan
– -$243K -3,760 Closed
Cambridge Investment Research Advisors
350
Cambridge Investment Research Advisors
Iowa
– -$242K -3,755 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.