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BlackLine
BL

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: 312 → 292 (-20)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-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

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$80.2M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$41.8M
3
BlackRock
BlackRock
New York
+$29.3M
4
Jane Street
Jane Street
New York
+$20.7M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$19.4M

Top Sellers

1
CIP
Champlain Investment Partners
Vermont
-$106M
2
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$86.1M
3
ESCM
Echo Street Capital Management
New York
-$69.6M
4
Macquarie Group
Macquarie Group
Australia
-$45.7M
5
Federated Hermes
Federated Hermes
Pennsylvania
-$22.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
VOYA Investment Management
76
VOYA Investment Management
Georgia
$3.24M -$9.92M -178,639 -75%
RCW
77
Rheos Capital Works
Japan
$3.23M – – –
SCM
78
Shaolin Capital Management
Florida
$3.2M +$3.3M +59,392 New
UBS Group
79
UBS Group
Switzerland
$3.16M +$1.5M +26,987 +85%
TC
80
TownSquare Capital
Utah
$3.13M +$393K +7,084 +14%
Bank of Montreal
81
Bank of Montreal
Ontario, Canada
$3.06M -$1.98M -35,600 -39%
Balyasny Asset Management
82
Balyasny Asset Management
Illinois
$2.86M -$965K -17,391 -25%
RAM
83
Redmond Asset Management
Virginia
$2.82M +$1.33M +23,932 +84%
Holocene Advisors
84
Holocene Advisors
New York
$2.78M +$2.24M +40,331 +354%
Legal & General Group
85
Legal & General Group
United Kingdom
$2.77M -$120K -2,170 -4%
BAM
86
Bullseye Asset Management
Colorado
$2.75M – – –
GIP
87
Granite Investment Partners
California
$2.71M +$2.79M +50,316 New
Fiera Capital (Canada)
88
Fiera Capital (Canada)
Quebec, Canada
$2.66M -$115K -2,070 -4%
Daiwa Securities Group
89
Daiwa Securities Group
Japan
$2.66M -$228K -4,100 -8%
Susquehanna International Group
90
Susquehanna International Group
Pennsylvania
$2.53M -$4.09M -73,596 -61%
State of New Jersey Common Pension Fund D
91
State of New Jersey Common Pension Fund D
New Jersey
$2.48M +$712K +12,819 +39%
Walleye Trading
92
Walleye Trading
New York
$2.46M +$2.21M +39,735 +668%
State of Wisconsin Investment Board
93
State of Wisconsin Investment Board
Wisconsin
$2.42M -$1.68M -30,197 -40%
AACP
94
Advantage Alpha Capital Partners
California
$2.3M +$626K +11,270 +36%
EP
95
Edgestream Partners
New Jersey
$2.3M +$1.15M +20,683 +94%
QC
96
Quadrature Capital
United Kingdom
$2.2M +$2.05M +36,890 +940%
Capital Fund Management (CFM)
97
Capital Fund Management (CFM)
France
$2.16M +$1.65M +29,711 +284%
Citigroup
98
Citigroup
New York
$2.14M +$1.13M +20,353 +105%
Axa
99
Axa
France
$2.1M – – –
ACM
100
Advisors Capital Management
New Jersey
$2.09M +$58K +1,045 +3%
2 3
4
5 6

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.