BlackLine
295 hedge funds and large institutions have $3.78B invested in BlackLine in 2025 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 89 increasing their positions, 108 reducing their positions, and 37 closing their positions.
281% more call options, than puts
Call options by funds: $138M | Put options by funds: $36.2M
57% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 37
20% more capital invested
Capital invested by funds: $3.14B → $3.78B (+$636M)
6% more funds holding
Funds holding: 277 → 295 (+18)
1.08% more ownership
Funds ownership: 103.96% → 105.04% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
18% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 108
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Manhattan
New York
|
+$52.3M |
| 2 |
Neuberger Berman Group
New York
|
+$37.6M |
| 3 |
Ensign Peak Advisors
Salt Lake City,
Utah
|
+$25.8M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$17.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$62.7M |
| 2 |
BlackRock
New York
|
-$28.1M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$20.6M |
| 4 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$15.4M |
| 5 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$13.1M |
BL Hedge Fund Activity: Q2 2025 in Review
295 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q2 2025, worth a combined $3.78B — up 20% from $3.14B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new BL positions and 37 closed out — a net gain of 21 holders — while 89 added to existing stakes and 108 trimmed.
The largest buyer was First Manhattan, adding an estimated $52.3M. The largest seller was Fidelity Investments, cutting an estimated $62.7M.
- 295 institutional investors held BlackLine (BL) as of Q2 2025, up from 277 in Q1 2025.
- Funds reported $3.78B of BlackLine stock for Q2 2025, up 20% quarter-over-quarter.
- 58 funds opened new BlackLine positions in Q2 2025 and 37 closed out, a net change of +21 holders.
- The largest BlackLine buyer in Q2 2025 was First Manhattan, an estimated $52.3M added.
- The largest BlackLine seller in Q2 2025 was Fidelity Investments, an estimated $62.7M sold.
Based on aggregated 13F filings for Q2 2025.