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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.

New
Increased
Maintained
Reduced
Closed

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: 312292 (-20)

14% less funds holding in top 10

Funds holding in top 10: 76 (-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

Holders
292
Holders Change
-20
Holders Change %
-6.41%
% of All Funds
4.58%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.09%
New
41
Increased
109
Reduced
95
Closed
61
Calls
$47.5M
Puts
$17.8M
Net Calls
+$29.7M
Net Calls Change
-$19.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$31.8M -$18.9M -341,363 -37%
D.E. Shaw & Co
27
D.E. Shaw & Co
New York
$31.5M +$19.4M +350,056 +149%
Barclays
28
Barclays
United Kingdom
$26.1M -$6.55M -117,912 -20%
CC
29
Chicago Capital
Illinois
$25.6M -$1.77M -31,826 -6%
SIC
30
Schwartz Investment Counsel
Michigan
$24.2M +$1.11M +20,000 +5%
Charles Schwab
31
Charles Schwab
California
$23.7M +$1.96M +35,243 +9%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$22.7M +$62.6K +1,127 +0.3%
Jane Street
33
Jane Street
New York
$22.2M +$20.7M +372,088 +904%
First Trust Advisors
34
First Trust Advisors
Illinois
$20.4M +$5.39M +97,063 +34%
New York State Common Retirement Fund
35
New York State Common Retirement Fund
New York
$20.3M -$812K -14,632 -4%
Goldman Sachs
36
Goldman Sachs
New York
$20.3M -$1.04M -18,711 -5%
CS
37
Credit Suisse
Switzerland
$16.8M -$5.67M -102,170 -25%
Norges Bank
38
Norges Bank
Norway
$15.7M +$2.38M +42,800 +17%
William Blair & Company
39
William Blair & Company
Illinois
$15.6M -$509K -9,167 -3%
RC
40
Rivulet Capital
New Jersey
$15.3M +$15.8M +285,000 New
SAM
41
Silvercrest Asset Management
New York
$15.3M +$1.19M +21,494 +8%
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$12.9M -$538K -9,693 -4%
SEI Investments
43
SEI Investments
Pennsylvania
$11.8M +$3.28M +59,137 +37%
N
44
Nuveen
North Carolina
$11.6M -$3.08M -55,451 -20%
PCM
45
Palisade Capital Management
New Jersey
$11.1M +$543K +9,779 +5%
GS
46
Gagnon Securities
New York
$10.4M -$3.22K -58 -0%
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$10.1M +$21.1K +381 +0.2%
Citadel Advisors
48
Citadel Advisors
Florida
$9.47M +$8.63M +155,402 +756%
Wells Fargo
49
Wells Fargo
California
$9.38M +$554K +9,988 +6%
Millennium Management
50
Millennium Management
New York
$8.56M +$1.92M +34,551 +28%

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.