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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
2C
101
272 Capital
Texas
$2.54M +$2.87M +52,330 New
California State Teachers Retirement System (CalSTRS)
102
California State Teachers Retirement System (CalSTRS)
California
$2.49M -$73.2K -1,332 -3%
RAM
103
Redmond Asset Management
Virginia
$2.44M -$258K -4,706 -9%
RG
104
Renaissance Group
Kentucky
$2.38M +$247K +4,499 +10%
TC
105
TownSquare Capital
Utah
$2.35M -$148K -2,689 -5%
ACM
106
Advisors Capital Management
New Jersey
$2.29M +$36.6K +667 +1%
HIM
107
Hillsdale Investment Management
Ontario, Canada
$2.23M -$1.6M -29,080 -39%
SGM
108
Scalar Gauge Management
Texas
$2.18M +$2.47M +45,000 New
Thrivent Financial for Lutherans
109
Thrivent Financial for Lutherans
Minnesota
$2.06M -$83.7K -1,524 -3%
Walleye Trading
110
Walleye Trading
New York
$2.06M +$2.33M +42,490 New
QC
111
Quadrature Capital
United Kingdom
$2M +$513K +9,332 +29%
Connor, Clark & Lunn Investment Management (CC&L)
112
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.97M +$2.24M +40,718 New
State of New Jersey Common Pension Fund D
113
State of New Jersey Common Pension Fund D
New Jersey
$1.84M -$603K -10,987 -22%
MC
114
McMorgan & Co
California
$1.83M +$2.07M +37,674 New
MOACM
115
Mutual of America Capital Management
New York
$1.68M -$80.1K -1,459 -4%
BNP Paribas Financial Markets
116
BNP Paribas Financial Markets
France
$1.67M -$1.02M -18,547 -35%
MIM
117
MetLife Investment Management
New Jersey
$1.61M +$230K +4,192 +14%
CF
118
Corebridge Financial
Texas
$1.61M +$1.82M +33,209 New
T. Rowe Price Associates
119
T. Rowe Price Associates
Maryland
$1.56M +$114K +2,076 +7%
TWC
120
TD Waterhouse Canada
Ontario, Canada
$1.55M +$1.77M +32,172 New
CC
121
Chicago Capital
Illinois
$1.54M -$35K -637 -2%
Manulife (Manufacturers Life Insurance)
122
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.54M +$8.9K +162 +0.5%
Los Angeles Capital Management
123
Los Angeles Capital Management
California
$1.48M -$231K -4,206 -12%
SOADOR
124
State of Alaska Department of Revenue
Alaska
$1.46M -$47K -855 -3%
Axa
125
Axa
France
$1.44M -$133K -2,428 -8%
3 4
5
6 7

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.