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BlackLine

292 hedge funds and large institutions have $3.12B invested in BlackLine in 2023 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 109 increasing their positions, 95 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more call options, than puts

Call options by funds: $47.5M | Put options by funds: $17.8M

15% more repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 95

4.23% less ownership

Funds ownership: 100.18%95.95% (-4.2%)

6% less funds holding

Funds holding: 312292 (-20)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

23% less capital invested

Capital invested by funds: $4.04B → $3.12B (-$919M)

33% less first-time investments, than exits

New positions opened: 41 | Existing positions closed: 61

Holders
292
Holders Change
-20
Holders Change %
-6.41%
% of All Funds
4.58%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.09%
New
41
Increased
109
Reduced
95
Closed
61
Calls
$47.5M
Puts
$17.8M
Net Calls
+$29.7M
Net Calls Change
-$19.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$338M +$41.8M +753,872 +14%
CCG
2
Clearlake Capital Group
California
$307M
BlackRock
3
BlackRock
New York
$243M +$29.3M +528,633 +13%
Kayne Anderson Rudnick Investment Management
4
Kayne Anderson Rudnick Investment Management
California
$116M -$14.8K -267 -0%
RP
5
Riverbridge Partners
Minnesota
$113M +$3.26M +58,688 +3%
IC
6
Iconiq Capital
California
$112M
Brown Advisory
7
Brown Advisory
Maryland
$99.9M +$5.28M +95,099 +5%
DDC
8
DF Dent & Co
Maryland
$94.8M -$3.05M -54,943 -3%
Artisan Partners
9
Artisan Partners
Wisconsin
$88.5M -$2.1M -37,826 -2%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$85.6M +$80.2M +1,445,086 +994%
Morgan Stanley
11
Morgan Stanley
New York
$79.3M -$10.1M -181,668 -11%
CCA
12
Conestoga Capital Advisors
Pennsylvania
$75.8M +$21.8K +393 +0%
AllianceBernstein
13
AllianceBernstein
Tennessee
$69.9M +$762K +13,731 +1%
State Street
14
State Street
Massachusetts
$64.7M +$2.46M +44,280 +4%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$60.6M +$3.13M +56,304 +5%
JP Morgan Chase
16
JP Morgan Chase
New York
$59.6M +$2.04M +36,674 +3%
FAM
17
Fred Alger Management
New York
$54.4M -$8.06M -145,150 -13%
GCM
18
Geneva Capital Management
Wisconsin
$53.8M -$704K -12,680 -1%
Bank of America
19
Bank of America
North Carolina
$51.5M +$937K +16,874 +2%
Baillie Gifford & Co
20
Baillie Gifford & Co
United Kingdom
$43.2M -$11.5M -206,998 -20%
Northern Trust
21
Northern Trust
Illinois
$36.3M +$1.53M +27,618 +4%
TCM
22
Tensile Capital Management
California
$33.1M +$7.69M +138,566 +29%
Invesco
23
Invesco
Georgia
$32.9M -$275K -4,963 -0.8%
BIM
24
Barton Investment Management
Pennsylvania
$32.6M +$232K +4,184 +0.7%
Capital World Investors
25
Capital World Investors
California
$32M

BL Hedge Fund Activity: Q2 2023 in Review

292 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q2 2023, worth a combined $3.12B — down 23% from $4.04B a quarter earlier.

Sellers outnumbered buyers: 61 funds closed out of BL and 41 opened new positions — a net loss of 20 holders — while 95 trimmed existing stakes and 109 added.

The largest buyer was Fidelity Investments, adding an estimated $80.2M. The largest seller was Champlain Investment Partners, exiting entirely with an estimated $106M sold.

  • 292 institutional investors held BlackLine (BL) as of Q2 2023, down from 312 in Q1 2023.
  • Funds reported $3.12B of BlackLine stock for Q2 2023, down 23% quarter-over-quarter.
  • 41 funds opened new BlackLine positions in Q2 2023 and 61 closed out, a net change of -20 holders.
  • The largest BlackLine buyer in Q2 2023 was Fidelity Investments, an estimated $80.2M added.
  • The largest BlackLine seller in Q2 2023 was Champlain Investment Partners, an estimated $106M sold.

Based on aggregated 13F filings for Q2 2023.