BlackLine
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$19.9M |
| 2 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
+$12.5M |
| 3 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$11.5M |
| 4 |
SRFM
Shannon River Fund Management
New York
|
+$7.53M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$5.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$12.4M |
| 2 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
-$11.9M |
| 3 |
RCM
Ratan Capital Management
Miami Beach,
Florida
|
-$2.99M |
| 4 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$2.46M |
| 5 |
FA
Friess Associates
Greenville,
Delaware
|
-$2.32M |
BL Hedge Fund Activity: Q1 2017 in Review
66 of the 4,034 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.