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BlackLine
BL

66 hedge funds and large institutions have $1.16B invested in BlackLine in 2017 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 19

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: 17 | Existing positions closed: 14

10% more capital invested

Capital invested by funds: $1.05B → $1.16B (+$105M)

1.55% more ownership

Funds ownership: 74.3% → 75.85% (+1.6%)

3% less funds holding

Funds holding: 68 → 66 (-2)

Holders
66
Holders Change
-2
Holders Change %
-2.94%
% of All Funds
1.64%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.12%
New
17
Increased
24
Reduced
19
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$19.9M
2
DDC
DF Dent & Co
Maryland
+$12.5M
3
CWAM
Columbia Wanger Asset Management
Illinois
+$11.5M
4
SRFM
Shannon River Fund Management
New York
+$7.53M
5
Wells Fargo
Wells Fargo
California
+$5.91M

Top Sellers

1
Capital Research Global Investors
Capital Research Global Investors
California
-$12.4M
2
LSCM
Light Street Capital Management
California
-$11.9M
3
RCM
Ratan Capital Management
Florida
-$2.99M
4
DCM
Discovery Capital Management
Connecticut
-$2.46M
5
FA
Friess Associates
Delaware
-$2.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
SLG
1
Silver Lake Group
California
$571M – – –
IC
2
Iconiq Capital
California
$305M +$28 +1 +0%
LSCM
3
Light Street Capital Management
California
$37.2M -$11.9M -424,940 -25%
DIG
4
Dragoneer Investment Group
California
$36.7M +$585K +20,883 +2%
TCM
5
TimesSquare Capital Management
New York
$29.6M +$3.83M +136,500 +16%
Vanguard Group
6
Vanguard Group
Pennsylvania
$23M +$5.25M +187,286 +32%
BlackRock
7
BlackRock
New York
$21.2M +$19.9M +711,225 +250,431%
CWAM
8
Columbia Wanger Asset Management
Illinois
$20.2M +$11.5M +410,712 +154%
DDC
9
DF Dent & Co
Maryland
$15.4M +$12.5M +447,633 +628%
SRFM
10
Shannon River Fund Management
New York
$11.9M +$7.53M +268,605 +204%
Capital World Investors
11
Capital World Investors
California
$10.4M – – –
Lord, Abbett & Co
12
Lord, Abbett & Co
New Jersey
$9.52M -$641K -22,875 -7%
Wells Fargo
13
Wells Fargo
California
$8.09M +$5.91M +210,875 +347%
FA
14
Friess Associates
Delaware
$5.31M -$2.32M -82,736 -32%
Franklin Resources
15
Franklin Resources
California
$4.25M -$1.61M -57,500 -29%
State Street
16
State Street
Massachusetts
$4.17M +$916K +32,663 +30%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$3.6M +$179K +6,386 +6%
ACH
18
ArrowMark Colorado Holdings
Colorado
$3.54M +$2.79M +99,504 +510%
Northern Trust
19
Northern Trust
Illinois
$3.18M -$370K -13,211 -11%
Federated Hermes
20
Federated Hermes
Pennsylvania
$2.98M – – –
Renaissance Technologies
21
Renaissance Technologies
New York
$2.7M +$2.55M +90,795 New
WRF
22
Waddell & Reed Financial
Kansas
$2.68M – – –
Ameriprise
23
Ameriprise
Minnesota
$2.55M +$1.06M +37,731 +79%
PAM
24
Panagora Asset Management
Massachusetts
$1.66M +$1.57M +55,831 New
Deutsche Bank
25
Deutsche Bank
Germany
$1.63M +$722K +25,766 +89%
1
2 3 4

BL Hedge Fund Activity: Q1 2017 in Review

66 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q1 2017, worth a combined $1.16B — up 10% from $1.05B a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BL positions and 14 closed out — a net gain of 3 holders — while 24 added to existing stakes and 19 trimmed.

The largest buyer was BlackRock, adding an estimated $19.9M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $12.4M sold.

  • 66 institutional investors held BlackLine (BL) as of Q1 2017, down from 68 in Q4 2016.
  • Funds reported $1.16B of BlackLine stock for Q1 2017, up 10% quarter-over-quarter.
  • 17 funds opened new BlackLine positions in Q1 2017 and 14 closed out, a net change of +3 holders.
  • The largest BlackLine buyer in Q1 2017 was BlackRock, an estimated $19.9M added.
  • The largest BlackLine seller in Q1 2017 was Capital Research Global Investors, an estimated $12.4M sold.

Based on aggregated 13F filings for Q1 2017.