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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
First Trust Advisors
26
First Trust Advisors
Illinois
$22.9M +$3.68M +66,942 +16%
Millennium Management
27
Millennium Management
New York
$21.3M +$24.2M +440,387 New
Baillie Gifford & Co
28
Baillie Gifford & Co
United Kingdom
$20M -$10.8M -195,982 -32%
SIC
29
Schwartz Investment Counsel
Michigan
$19.9M – – –
Janus Henderson Group
30
Janus Henderson Group
United Kingdom
$19.5M +$20.7M +376,212 +1,465%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$15.8M -$1.13M -20,598 -6%
Squarepoint
32
Squarepoint
New York
$15.1M +$17.1M +312,239 New
DDC
33
DF Dent & Co
Maryland
$14.3M -$14.4M -263,018 -47%
ICM
34
Indaba Capital Management
California
$14.1M +$16M +292,000 New
Ameriprise
35
Ameriprise
Minnesota
$14M -$370K -6,744 -2%
Handelsbanken Fonder
36
Handelsbanken Fonder
Sweden
$13.9M +$5.17M +94,200 +49%
Barclays
37
Barclays
United Kingdom
$13.4M -$8.63M -157,093 -36%
PCM
38
Palisade Capital Management
New Jersey
$13.2M -$256K -4,669 -2%
Principal Financial Group
39
Principal Financial Group
Iowa
$12.4M -$549K -9,989 -4%
Nomura Holdings
40
Nomura Holdings
Japan
$11.5M +$13M +236,649 New
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$10.6M +$4.3M +78,268 +56%
D.E. Shaw & Co
42
D.E. Shaw & Co
New York
$9.7M -$7.56M -137,661 -41%
Wells Fargo
43
Wells Fargo
California
$9.4M -$37.9K -691 -0.4%
GS
44
Gagnon Securities
New York
$8.99M +$1.07M +19,542 +12%
SEI Investments
45
SEI Investments
Pennsylvania
$8.98M +$752K +13,692 +8%
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$8.88M +$2.23M +40,523 +28%
Goldman Sachs
47
Goldman Sachs
New York
$8.77M -$7.86M -143,031 -44%
Invesco
48
Invesco
Georgia
$8.7M -$31.2M -567,664 -76%
CCM
49
Cinctive Capital Management
New York
$8.34M +$9.46M +172,220 New
UBS Group
50
UBS Group
Switzerland
$7.76M -$1.7M -30,923 -16%
1
2
3 4 5

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.