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BlackLine
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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
SSA
201
Schonfeld Strategic Advisors
New York
$388K +$440K +8,004 New
VIM
202
Vancity Investment Management
British Columbia, Canada
$386K +$86.3K +1,571 +31%
HSBC Holdings
203
HSBC Holdings
United Kingdom
$379K -$4.39K -80 -1%
EAM
204
Evanson Asset Management
California
$356K – – –
RJT
205
Raymond James Trust
Florida
$349K – – –
Assenagon Asset Management
206
Assenagon Asset Management
Luxembourg
$349K -$1.83M -33,399 -82%
Pictet Asset Management
207
Pictet Asset Management
Switzerland
$346K +$45.6K +830 +13%
EGM
208
Engineers Gate Manager
New York
$344K +$390K +7,098 New
CIM
209
CIM Investment Management
Pennsylvania
$315K -$58.4K -1,063 -14%
GCM
210
Graham Capital Management
Connecticut
$315K +$357K +6,495 New
VFA
211
Voya Financial Advisors
Connecticut
$305K -$9.39K -171 -3%
PNC Financial Services Group
212
PNC Financial Services Group
Pennsylvania
$300K -$102K -1,859 -23%
TC
213
TwinBeech Capital
New York
$293K +$332K +6,044 New
Public Employees Retirement Association of Colorado
214
Public Employees Retirement Association of Colorado
Colorado
$283K -$7.41K -135 -2%
SA
215
Sanctuary Advisors
Indiana
$276K +$249K +4,541 New
AIP
216
Ameritas Investment Partners
Nebraska
$275K – – –
DWM
217
Diversify Wealth Management
Utah
$265K +$332K +6,054 New
PAS
218
Park Avenue Securities
New York
$261K -$26K -474 -8%
AG
219
Algert Global
California
$255K +$289K +5,267 New
JFG
220
Jefferies Financial Group
New York
$242K +$275K +5,000 New
WI
221
WrapManager Inc
California
$237K +$39.5K +719 +17%
OAC
222
OMERS Administration Corp
Ontario, Canada
$233K +$264K +4,800 New
NG
223
Norden Group
Utah
$221K -$124K -2,250 -33%
BFEC
224
Benjamin F. Edwards & Company
Missouri
$215K -$14.6K -265 -6%
PA
225
Procyon Advisors
Connecticut
$212K +$240K +4,368 New
7 8
9
10 11

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.