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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
CAPTRUST Financial Advisors
176
CAPTRUST Financial Advisors
North Carolina
$574K +$76.4K +1,391 +13%
M&T Bank
177
M&T Bank
New York
$568K -$19.4K -354 -3%
SPA
178
Sherbrooke Park Advisers
New York
$567K +$380K +6,920 +145%
Zurich Cantonal Bank
179
Zurich Cantonal Bank
Switzerland
$565K -$989 -18 -0.2%
PI
180
PEAK6 Investments
Illinois
$557K +$147K +2,668 +30%
PD
181
Point72 (DIFC)
United Arab Emirates
$537K +$609K +11,089 New
COPPSERS
182
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$536K +$4.06K +74 +0.7%
NS
183
NBC Securities
Alabama
$526K -$14.4K -262 -2%
CGH
184
Crossmark Global Holdings
Texas
$501K +$10.1K +184 +2%
HighTower Advisors
185
HighTower Advisors
Illinois
$499K -$28.7K -522 -5%
TRCT
186
Tower Research Capital (TRC)
New York
$475K +$326K +5,934 +153%
ProShare Advisors
187
ProShare Advisors
Maryland
$450K -$145K -2,636 -22%
PHK
188
Point72 Hong Kong
Hong Kong
$449K +$509K +9,266 New
Lazard Asset Management
189
Lazard Asset Management
New York
$446K +$292K +5,316 +136%
AAS
190
Avantax Advisory Services
Texas
$445K +$504K +9,177 New
RAM
191
Readystate Asset Management
Illinois
$438K -$13.4M -243,730 -96%
DM
192
Deerfield Management
New York
$430K +$487K +8,870 New
AAP
193
Ardsley Advisory Partners
Connecticut
$412K +$467K +8,500 New
TI
194
Trexquant Investment
Connecticut
$405K -$3.05M -55,495 -87%
FRM
195
Fox Run Management
Connecticut
$403K +$457K +8,320 New
Envestnet Portfolio Solutions
196
Envestnet Portfolio Solutions
Illinois
$398K -$64.5K -1,174 -12%
PWG
197
Portside Wealth Group
Utah
$395K -$19.8K -361 -4%
Truist Financial
198
Truist Financial
North Carolina
$394K -$219K -3,992 -33%
MML Investors Services
199
MML Investors Services
Massachusetts
$393K -$84.2K -1,533 -16%
BB
200
Bell Bank
North Dakota
$391K -$95.1K -1,731 -18%
6 7
8
9 10

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.