BlackLine
215 hedge funds and large institutions have $2.45B invested in BlackLine in 2019 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 105 increasing their positions, 51 reducing their positions, and 30 closing their positions.
106% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 51
7.44% more ownership
Funds ownership: 85.2% → 92.64% (+7.4%)
1% less funds holding
Funds holding: 217 → 215 (-2)
2% less capital invested
Capital invested by funds: $2.51B → $2.45B (-$57.9M)
3% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 30
21% less call options, than puts
Call options by funds: $1.78M | Put options by funds: $2.25M
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$29.2M |
| 2 |
D.E. Shaw & Co
New York
|
+$25M |
| 3 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
+$21.8M |
| 4 |
Millennium Management
New York
|
+$20.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$19.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$21.7M |
| 2 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
-$11.5M |
| 3 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
-$9.8M |
| 4 |
State Street
Boston,
Massachusetts
|
-$9.68M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$6.21M |
BL Hedge Fund Activity: Q3 2019 in Review
215 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q3 2019, worth a combined $2.45B — down 2.3% from $2.51B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of BL and 29 opened new positions — a net loss of 1 holder — while 51 trimmed existing stakes and 105 added.
The largest buyer was Morgan Stanley, adding an estimated $29.2M. The largest seller was Franklin Resources, exiting entirely with an estimated $21.7M sold.
- 215 institutional investors held BlackLine (BL) as of Q3 2019, down from 217 in Q2 2019.
- Funds reported $2.45B of BlackLine stock for Q3 2019, down 2.3% quarter-over-quarter.
- 29 funds opened new BlackLine positions in Q3 2019 and 30 closed out, a net change of -1 holder.
- The largest BlackLine buyer in Q3 2019 was Morgan Stanley, an estimated $29.2M added.
- The largest BlackLine seller in Q3 2019 was Franklin Resources, an estimated $21.7M sold.
Based on aggregated 13F filings for Q3 2019.