BlackLine
329 hedge funds and large institutions have $4.38B invested in BlackLine in 2022 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 138 increasing their positions, 116 reducing their positions, and 72 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 116
2.22% less ownership
Funds ownership: 103.04% → 100.82% (-2.2%)
10% less funds holding
Funds holding: 365 → 329 (-36)
12% less call options, than puts
Call options by funds: $10.4M | Put options by funds: $11.9M
30% less capital invested
Capital invested by funds: $6.26B → $4.38B (-$1.88B)
40% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 72
60% less funds holding in top 10
Funds holding in top 10: 10 → 4 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$76.1M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$39M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$36.6M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$35.5M |
| 5 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$28.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$118M |
| 2 |
Goldman Sachs
New York
|
-$41.9M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$26.9M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$23.7M |
| 5 |
WGAM
Wilkinson Global Asset Management
New York
|
-$23.6M |
BL Hedge Fund Activity: Q1 2022 in Review
329 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q1 2022, worth a combined $4.38B — down 30% from $6.26B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of BL and 43 opened new positions — a net loss of 29 holders — while 116 trimmed existing stakes and 138 added.
The largest buyer was Echo Street Capital Management, adding an estimated $76.1M. The largest seller was Ameriprise, cutting an estimated $118M.
- 329 institutional investors held BlackLine (BL) as of Q1 2022, down from 365 in Q4 2021.
- Funds reported $4.38B of BlackLine stock for Q1 2022, down 30% quarter-over-quarter.
- 43 funds opened new BlackLine positions in Q1 2022 and 72 closed out, a net change of -29 holders.
- The largest BlackLine buyer in Q1 2022 was Echo Street Capital Management, an estimated $76.1M added.
- The largest BlackLine seller in Q1 2022 was Ameriprise, an estimated $118M sold.
Based on aggregated 13F filings for Q1 2022.