BlackLine
293 hedge funds and large institutions have $3.33B invested in BlackLine in 2024 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 90 increasing their positions, 111 reducing their positions, and 61 closing their positions.
396% more call options, than puts
Call options by funds: $152M | Put options by funds: $30.7M
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
4.25% less ownership
Funds ownership: 101.43% → 97.18% (-4.2%)
6% less funds holding
Funds holding: 313 → 293 (-20)
19% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 111
27% less capital inflows, than outflows
Capital inflows: $292M | Capital outflows: $399M
30% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Engaged Capital
Newport Beach,
California
|
+$30M |
| 2 |
JP Morgan Chase
New York
|
+$29.6M |
| 3 |
BlackRock
New York
|
+$19.9M |
| 4 |
Hawk Ridge Capital Management
Los Angeles,
California
|
+$18.2M |
| 5 |
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$17.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$81.5M |
| 2 |
JANA Partners Management
New York
|
-$55.9M |
| 3 |
Riverbridge Partners
Minneapolis,
Minnesota
|
-$26.7M |
| 4 |
Fred Alger Management
New York
|
-$22.7M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$19.2M |
BL Hedge Fund Activity: Q3 2024 in Review
293 of the 6,987 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q3 2024, worth a combined $3.33B — up 9.6% from $3.04B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of BL and 43 opened new positions — a net loss of 18 holders — while 111 trimmed existing stakes and 90 added.
The largest buyer was Engaged Capital, opening a new position worth an estimated $30M. The largest seller was Kayne Anderson Rudnick Investment Management, exiting entirely with an estimated $81.5M sold.
- 293 institutional investors held BlackLine (BL) as of Q3 2024, down from 313 in Q2 2024.
- Funds reported $3.33B of BlackLine stock for Q3 2024, up 9.6% quarter-over-quarter.
- 43 funds opened new BlackLine positions in Q3 2024 and 61 closed out, a net change of -18 holders.
- The largest BlackLine buyer in Q3 2024 was Engaged Capital, an estimated $30M added.
- The largest BlackLine seller in Q3 2024 was Kayne Anderson Rudnick Investment Management, an estimated $81.5M sold.
Based on aggregated 13F filings for Q3 2024.