BlackLine
304 hedge funds and large institutions have $4.02B invested in BlackLine in 2024 Q1 according to their latest regulatory filings, with 54 funds opening new positions, 99 increasing their positions, 107 reducing their positions, and 64 closing their positions.
874% more call options, than puts
Call options by funds: $134M | Put options by funds: $13.8M
13% more capital invested
Capital invested by funds: $3.57B → $4.02B (+$459M)
8.1% more ownership
Funds ownership: 93.22% → 101.32% (+8.1%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
7% less repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 107
4% less funds holding
Funds holding: 316 → 304 (-12)
16% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$220M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$69.5M |
| 3 |
State Street
Boston,
Massachusetts
|
+$47.9M |
| 4 |
Morgan Stanley
New York
|
+$45.5M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$45.6M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$29.5M |
| 3 |
CC
Chicago Capital
Chicago,
Illinois
|
-$26.3M |
| 4 |
MG
Meritage Group
San Francisco,
California
|
-$22.4M |
| 5 |
D.E. Shaw & Co
New York
|
-$17.7M |
BL Hedge Fund Activity: Q1 2024 in Review
304 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q1 2024, worth a combined $4.02B — up 13% from $3.57B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of BL and 54 opened new positions — a net loss of 10 holders — while 107 trimmed existing stakes and 99 added.
The largest buyer was BlackRock, adding an estimated $220M. The largest seller was Hawk Ridge Capital Management, exiting entirely with an estimated $45.6M sold.
- 304 institutional investors held BlackLine (BL) as of Q1 2024, down from 316 in Q4 2023.
- Funds reported $4.02B of BlackLine stock for Q1 2024, up 13% quarter-over-quarter.
- 54 funds opened new BlackLine positions in Q1 2024 and 64 closed out, a net change of -10 holders.
- The largest BlackLine buyer in Q1 2024 was BlackRock, an estimated $220M added.
- The largest BlackLine seller in Q1 2024 was Hawk Ridge Capital Management, an estimated $45.6M sold.
Based on aggregated 13F filings for Q1 2024.