BlackLine
217 hedge funds and large institutions have $2.51B invested in BlackLine in 2019 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 98 increasing their positions, 50 reducing their positions, and 28 closing their positions.
214% more call options, than puts
Call options by funds: $5.92M | Put options by funds: $1.89M
96% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 50
79% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 28
13% more capital invested
Capital invested by funds: $2.23B → $2.51B (+$281M)
9% more funds holding
Funds holding: 199 → 217 (+18)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
2.25% less ownership
Funds ownership: 87.44% → 85.2% (-2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
+$31.6M |
| 2 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$23.9M |
| 3 |
Janus Henderson Group
London,
|
+$21M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$20.5M |
| 5 |
BlackRock
New York
|
+$17.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Iconiq Capital
San Francisco,
California
|
-$117M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$43.4M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$32.3M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$15.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$14.9M |
BL Hedge Fund Activity: Q2 2019 in Review
217 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q2 2019, worth a combined $2.51B — up 13% from $2.23B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new BL positions and 28 closed out — a net gain of 22 holders — while 98 added to existing stakes and 50 trimmed.
The largest buyer was Fred Alger Management, adding an estimated $31.6M. The largest seller was Iconiq Capital, cutting an estimated $117M.
- 217 institutional investors held BlackLine (BL) as of Q2 2019, up from 199 in Q1 2019.
- Funds reported $2.51B of BlackLine stock for Q2 2019, up 13% quarter-over-quarter.
- 50 funds opened new BlackLine positions in Q2 2019 and 28 closed out, a net change of +22 holders.
- The largest BlackLine buyer in Q2 2019 was Fred Alger Management, an estimated $31.6M added.
- The largest BlackLine seller in Q2 2019 was Iconiq Capital, an estimated $117M sold.
Based on aggregated 13F filings for Q2 2019.