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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
CC
51
Clearline Capital
New York
$7.67M +$8.7M +158,373 New
Citadel Advisors
52
Citadel Advisors
Florida
$7.64M +$7.6M +138,449 +718%
N
53
Nuveen
North Carolina
$7.64M +$219K +3,983 +3%
RhumbLine Advisers
54
RhumbLine Advisers
Massachusetts
$7.58M +$212K +3,857 +3%
Amundi
55
Amundi
France
$7.36M +$6.61M +120,377 +377%
PC
56
Pier Capital
Connecticut
$7.26M +$681K +12,396 +9%
Canada Life
57
Canada Life
Manitoba, Canada
$7.21M +$271K +4,928 +3%
Legal & General Group
58
Legal & General Group
United Kingdom
$7.17M -$19.6K -356 -0.2%
Point72 Asset Management
59
Point72 Asset Management
Connecticut
$7.03M +$7.97M +145,142 New
HNB
60
Huntington National Bank
Ohio
$6.89M +$2.97K +54 +0%
PAMP
61
Polar Asset Management Partners
Ontario, Canada
$6.67M +$7.56M +137,600 New
NC
62
Nicholas Company
Wisconsin
$6.38M +$1.05M +19,120 +17%
SLG
63
Stanley-Laman Group
Pennsylvania
$6.13M -$739K -13,451 -10%
Comerica Bank
64
Comerica Bank
Texas
$5.86M -$178K -3,235 -3%
UBS AM
65
UBS AM
Illinois
$5.73M +$2.83M +51,556 +77%
EAM
66
Eagle Asset Management
Florida
$5.64M -$167K -3,046 -3%
Public Sector Pension Investment Board (PSP Investments)
67
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$5.47M +$475K +8,642 +8%
California Public Employees Retirement System
68
California Public Employees Retirement System
California
$5.34M +$507K +9,239 +9%
Robeco Institutional Asset Management
69
Robeco Institutional Asset Management
Netherlands
$5.33M +$824K +15,000 +16%
Jane Street
70
Jane Street
New York
$5.27M +$3.84M +69,875 +180%
Deutsche Bank
71
Deutsche Bank
Germany
$5.21M -$16.9M -308,024 -74%
Susquehanna International Group
72
Susquehanna International Group
Pennsylvania
$5.08M +$5.76M +104,929 New
Polen Capital Management
73
Polen Capital Management
Florida
$5.04M -$261K -4,757 -4%
GA
74
Gagnon Advisors
New York
$5.02M – – –
Swiss National Bank
75
Swiss National Bank
Switzerland
$4.98M – – –
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.