BlackLine
313 hedge funds and large institutions have $3.04B invested in BlackLine in 2024 Q2 according to their latest regulatory filings, with 69 funds opening new positions, 97 increasing their positions, 114 reducing their positions, and 57 closing their positions.
587% more call options, than puts
Call options by funds: $164M | Put options by funds: $23.9M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
21% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 57
3% more funds holding
Funds holding: 304 → 313 (+9)
3% more capital inflows, than outflows
Capital inflows: $476M | Capital outflows: $461M
0.11% more ownership
Funds ownership: 101.32% → 101.43% (+0.11%)
15% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 114
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hawk Ridge Capital Management
Los Angeles,
California
|
+$75.6M |
| 2 |
JANA Partners Management
New York
|
+$63.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$37.7M |
| 4 |
Tensile Capital Management
Larkspur,
California
|
+$24.2M |
| 5 |
Millennium Management
New York
|
+$24.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$98.6M |
| 2 |
Rivulet Capital
Summit,
New Jersey
|
-$44.5M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
-$43.7M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$31.2M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$20.1M |
BL Hedge Fund Activity: Q2 2024 in Review
313 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q2 2024, worth a combined $3.04B — down 24% from $4.02B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new BL positions and 57 closed out — a net gain of 12 holders — while 97 added to existing stakes and 114 trimmed.
The largest buyer was Hawk Ridge Capital Management, opening a new position worth an estimated $75.6M. The largest seller was Morgan Stanley, cutting an estimated $98.6M.
- 313 institutional investors held BlackLine (BL) as of Q2 2024, up from 304 in Q1 2024.
- Funds reported $3.04B of BlackLine stock for Q2 2024, down 24% quarter-over-quarter.
- 69 funds opened new BlackLine positions in Q2 2024 and 57 closed out, a net change of +12 holders.
- The largest BlackLine buyer in Q2 2024 was Hawk Ridge Capital Management, an estimated $75.6M added.
- The largest BlackLine seller in Q2 2024 was Morgan Stanley, an estimated $98.6M sold.
Based on aggregated 13F filings for Q2 2024.