BlackLine
199 hedge funds and large institutions have $2.23B invested in BlackLine in 2019 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 70 increasing their positions, 59 reducing their positions, and 17 closing their positions.
212% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 17
20% more funds holding
Funds holding: 166 → 199 (+33)
19% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 59
15% more capital invested
Capital invested by funds: $1.93B → $2.23B (+$298M)
1.18% more ownership
Funds ownership: 86.26% → 87.44% (+1.2%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
21% less call options, than puts
Call options by funds: $2.3M | Put options by funds: $2.91M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$116M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$27.8M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$17.9M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$17.6M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SLG
Silver Lake Group
Menlo Park,
California
|
-$163M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$14M |
| 3 |
ClearBridge Investments
New York
|
-$13.5M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$12M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$11.2M |
BL Hedge Fund Activity: Q1 2019 in Review
199 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q1 2019, worth a combined $2.23B — up 15% from $1.93B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new BL positions and 17 closed out — a net gain of 36 holders — while 70 added to existing stakes and 59 trimmed.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $116M. The largest seller was Silver Lake Group, exiting entirely with an estimated $163M sold.
- 199 institutional investors held BlackLine (BL) as of Q1 2019, up from 166 in Q4 2018.
- Funds reported $2.23B of BlackLine stock for Q1 2019, up 15% quarter-over-quarter.
- 53 funds opened new BlackLine positions in Q1 2019 and 17 closed out, a net change of +36 holders.
- The largest BlackLine buyer in Q1 2019 was Kayne Anderson Rudnick Investment Management, an estimated $116M added.
- The largest BlackLine seller in Q1 2019 was Silver Lake Group, an estimated $163M sold.
Based on aggregated 13F filings for Q1 2019.