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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
Mirae Asset Global ETFs Holdings
126
Mirae Asset Global ETFs Holdings
Hong Kong
$1.42M +$1.61M +29,286 New
BFM
127
Boothbay Fund Management
New York
$1.41M +$1.59M +29,021 New
IMRF
128
Illinois Municipal Retirement Fund
Illinois
$1.39M +$1.58M +28,681 New
Daiwa Securities Group
129
Daiwa Securities Group
Japan
$1.34M -$115K -2,100 -7%
CCS
130
Concentric Capital Strategies
Connecticut
$1.33M +$1.51M +27,514 New
KIC
131
Kensington Investment Counsel
California
$1.3M -$1.04K -19 -0.1%
BCI
132
Brinker Capital Investments
Pennsylvania
$1.27M -$106K -1,923 -7%
OPS
133
Orion Portfolio Solutions
Nebraska
$1.27M -$106K -1,923 -7%
LSERS
134
Louisiana State Employees Retirement System
Louisiana
$1.25M +$33K +600 +2%
State of Tennessee, Department of Treasury
135
State of Tennessee, Department of Treasury
Tennessee
$1.25M +$654K +11,912 +86%
Cetera Investment Advisers
136
Cetera Investment Advisers
Illinois
$1.25M +$74.5K +1,357 +6%
US Bancorp
137
US Bancorp
Minnesota
$1.21M -$150K -2,724 -10%
VI
138
Versor Investments
New York
$1.21M +$1.37M +25,008 New
QT
139
Quantbot Technologies
New York
$1.14M +$1.29M +23,577 New
CAM
140
ClariVest Asset Management
California
$1.14M +$984K +17,920 +318%
State of Wisconsin Investment Board
141
State of Wisconsin Investment Board
Wisconsin
$1.12M +$52.6K +958 +4%
Neuberger Berman Group
142
Neuberger Berman Group
New York
$1.12M +$67.5K +1,229 +6%
YCM
143
Yousif Capital Management
Michigan
$997K -$137K -2,500 -11%
Janney Montgomery Scott
144
Janney Montgomery Scott
Pennsylvania
$994K -$33K -600 -3%
Ensign Peak Advisors
145
Ensign Peak Advisors
Utah
$985K – – –
TRSOTSOK
146
Teachers Retirement System of the State of Kentucky
Kentucky
$949K +$306K +5,563 +40%
VOYA Investment Management
147
VOYA Investment Management
Georgia
$920K +$25.4K +463 +3%
Franklin Resources
148
Franklin Resources
California
$891K +$681K +12,403 +207%
FFP
149
FourThought Financial Partners
Florida
$869K +$49.8K +906 +5%
MSRPS
150
Maryland State Retirement & Pension System
Maryland
$867K -$23.9K -436 -2%
4 5
6
7 8

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.