BlackLine
181 hedge funds and large institutions have $2.54B invested in BlackLine in 2018 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 71 increasing their positions, 45 reducing their positions, and 21 closing their positions.
129% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 21
122% more call options, than puts
Call options by funds: $4.44M | Put options by funds: $2M
58% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 45
31% more capital invested
Capital invested by funds: $1.94B → $2.54B (+$604M)
16% more funds holding
Funds holding: 156 → 181 (+25)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.6% less ownership
Funds ownership: 84.05% → 83.44% (-0.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
+$17M |
| 2 |
TA
Teachers Advisors
New York
|
+$13.4M |
| 3 |
Neuberger Berman Group
New York
|
+$12M |
| 4 |
FAM
Fred Alger Management
New York
|
+$8.87M |
| 5 |
BlackRock
New York
|
+$7.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alkeon Capital Management
New York
|
-$30.4M |
| 2 |
RC
RGM Capital
Naples,
Florida
|
-$22.1M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
-$11.6M |
| 4 |
Renaissance Technologies
New York
|
-$11.1M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$11.1M |
BL Hedge Fund Activity: Q3 2018 in Review
181 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q3 2018, worth a combined $2.54B — up 31% from $1.94B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new BL positions and 21 closed out — a net gain of 27 holders — while 71 added to existing stakes and 45 trimmed.
The largest buyer was ClearBridge Investments, adding an estimated $17M. The largest seller was Alkeon Capital Management, exiting entirely with an estimated $30.4M sold.
- 181 institutional investors held BlackLine (BL) as of Q3 2018, up from 156 in Q2 2018.
- Funds reported $2.54B of BlackLine stock for Q3 2018, up 31% quarter-over-quarter.
- 48 funds opened new BlackLine positions in Q3 2018 and 21 closed out, a net change of +27 holders.
- The largest BlackLine buyer in Q3 2018 was ClearBridge Investments, an estimated $17M added.
- The largest BlackLine seller in Q3 2018 was Alkeon Capital Management, an estimated $30.4M sold.
Based on aggregated 13F filings for Q3 2018.