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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
Holocene Advisors
76
Holocene Advisors
New York
$4.87M +$1.63M +29,763 +42%
New York State Common Retirement Fund
77
New York State Common Retirement Fund
New York
$4.79M -$1.54M -28,018 -22%
GIP
78
Granite Investment Partners
California
$4.67M -$19.7M -358,162 -79%
NCL
79
Nishkama Capital LLC
Puerto Rico
$4.53M +$1.29M +23,563 +34%
SFI
80
Susquehanna Fundamental Investments
Pennsylvania
$4.38M +$4.03M +73,362 +431%
CSS
81
Cubist Systematic Strategies
Connecticut
$4.37M +$4.53M +82,542 +1,081%
WCM
82
Westerly Capital Management
California
$4.36M +$4.94M +90,000 New
William Blair & Company
83
William Blair & Company
Illinois
$4.31M +$68.1K +1,240 +1%
Norges Bank
84
Norges Bank
Norway
$4.3M -$7.9M -143,800 -62%
OAM
85
Oppenheimer Asset Management
New York
$4.18M -$111K -2,025 -2%
Stifel Financial
86
Stifel Financial
Missouri
$3.86M +$31.4K +572 +0.7%
GAM
87
Groupama Asset Management
France
$3.81M +$266K +4,843 New
AACP
88
Advantage Alpha Capital Partners
California
$3.75M -$117K -2,125 -3%
SI
89
SQN Investors
California
$3.66M -$1.45M -26,465 -26%
AllianceBernstein
90
AllianceBernstein
Tennessee
$3.59M +$370K +6,746 +10%
Simplex Trading
91
Simplex Trading
Illinois
$3.52M +$2.98M +54,307 +295%
Qube Research & Technologies (QRT)
92
Qube Research & Technologies (QRT)
United Kingdom
$3.47M -$13.6M -248,520 -78%
RJA
93
Raymond James & Associates
Florida
$3.35M +$120K +2,194 +3%
Marshall Wace
94
Marshall Wace
United Kingdom
$3.28M +$3.72M +67,681 New
CM
95
Crestline Management
Texas
$3.25M +$3.68M +67,082 New
Federated Hermes
96
Federated Hermes
Pennsylvania
$3.25M +$3.64M +66,337 +10,006%
Capital Fund Management (CFM)
97
Capital Fund Management (CFM)
France
$3.25M +$2.8M +50,971 +318%
BAM
98
Bullseye Asset Management
Colorado
$3.01M +$604K +11,000 +22%
Citigroup
99
Citigroup
New York
$2.8M +$280K +5,096 +10%
Prudential Financial
100
Prudential Financial
New Jersey
$2.71M -$123K -2,236 -4%
2 3
4
5 6

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.