BlackLine
300 hedge funds and large institutions have $4.01B invested in BlackLine in 2022 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 82 increasing their positions, 135 reducing their positions, and 38 closing their positions.
203% more call options, than puts
Call options by funds: $63.2M | Put options by funds: $20.9M
67% more funds holding in top 10
Funds holding in top 10: 6 → 10 (+4)
24% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 38
12% more capital invested
Capital invested by funds: $3.59B → $4.01B (+$423M)
2% more funds holding
Funds holding: 295 → 300 (+5)
0.98% less ownership
Funds ownership: 100.76% → 99.77% (-0.98%)
39% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tensile Capital Management
Larkspur,
California
|
+$26.5M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$23.2M |
| 3 |
BlackRock
New York
|
+$13.6M |
| 4 |
NCL
Nishkama Capital LLC
Dorado,
Puerto Rico
|
+$11.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Westfield Capital Management
Boston,
Massachusetts
|
-$22.9M |
| 2 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
-$16.4M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$15.6M |
| 4 |
TP
Toronado Partners
San Francisco,
California
|
-$15.5M |
| 5 |
WCM Investment Management
Laguna Beach,
California
|
-$10.1M |
BL Hedge Fund Activity: Q4 2022 in Review
300 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q4 2022, worth a combined $4.01B — up 12% from $3.59B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new BL positions and 38 closed out — a net gain of 9 holders — while 82 added to existing stakes and 135 trimmed.
The largest buyer was Tensile Capital Management, opening a new position worth an estimated $26.5M. The largest seller was Westfield Capital Management, exiting entirely with an estimated $22.9M sold.
- 300 institutional investors held BlackLine (BL) as of Q4 2022, up from 295 in Q3 2022.
- Funds reported $4.01B of BlackLine stock for Q4 2022, up 12% quarter-over-quarter.
- 47 funds opened new BlackLine positions in Q4 2022 and 38 closed out, a net change of +9 holders.
- The largest BlackLine buyer in Q4 2022 was Tensile Capital Management, an estimated $26.5M added.
- The largest BlackLine seller in Q4 2022 was Westfield Capital Management, an estimated $22.9M sold.
Based on aggregated 13F filings for Q4 2022.