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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
X
351
Xponance
Pennsylvania
– -$223K -3,456 Closed
Mackenzie Financial
352
Mackenzie Financial
Ontario, Canada
– -$222K -3,431 Closed
DB
353
Danske Bank
Denmark
– -$220K -3,407 Closed
DWM
354
Dakota Wealth Management
Florida
– -$219K -3,385 Closed
Corient Private Wealth
355
Corient Private Wealth
Florida
– -$212K -3,289 Closed
CC
356
Centiva Capital
New York
– -$212K -3,285 Closed
MOS
357
MGO One Seven
Ohio
– -$207K -3,205 Closed
WS
358
Wedbush Securities
California
– -$204K -3,159 Closed
MLICM
359
Metropolitan Life Insurance Company (MetLife)
New York
– -$193K -2,994 Closed
ZB
360
Zions Bancorporation
Utah
– -$38K -589 Closed
NCTC
361
New Covenant Trust Company
Indiana
– -$15.4K -238 Closed
EC
362
Elequin Capital
New York
– -$5.75K -89 Closed
S
363
SignatureFD
Georgia
– -$4.26K -66 Closed
MG
364
Mather Group
Illinois
– -$2.75K -44 Closed
BF
365
BOK Financial
Oklahoma
– -$1.79K -28 Closed
VNA
366
Valley National Advisers
Pennsylvania
– -$1K -20 Closed
AF
367
Advisornet Financial
Minnesota
– -$969 -15 Closed
AF
368
Allworth Financial
California
– -$840 -13 Closed
TFM
369
TFC Financial Management
Massachusetts
– -$65 -1 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.