BlackLine
273 hedge funds and large institutions have $3.29B invested in BlackLine in 2025 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 97 increasing their positions, 103 reducing their positions, and 49 closing their positions.
349% more call options, than puts
Call options by funds: $133M | Put options by funds: $29.7M
6% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 103
5.05% less ownership
Funds ownership: 105.04% → 99.99% (-5.1%)
8% less funds holding
Funds holding: 296 → 273 (-23)
11% less capital invested
Capital invested by funds: $3.7B → $3.29B (-$416M)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
39% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Engaged Capital
Newport Beach,
California
|
+$24.5M |
| 2 |
First Manhattan
New York
|
+$14.1M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$9.92M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.09M |
| 5 |
ACM
Ananym Capital Management
New York
|
+$6.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$40.6M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$33.7M |
| 3 |
Ensign Peak Advisors
Salt Lake City,
Utah
|
-$27.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$18.6M |
| 5 |
BlackRock
New York
|
-$15.2M |
BL Hedge Fund Activity: Q3 2025 in Review
273 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q3 2025, worth a combined $3.29B — down 11% from $3.7B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of BL and 30 opened new positions — a net loss of 19 holders — while 103 trimmed existing stakes and 97 added.
The largest buyer was Engaged Capital, opening a new position worth an estimated $24.5M. The largest seller was Fidelity Investments, cutting an estimated $40.6M.
- 273 institutional investors held BlackLine (BL) as of Q3 2025, down from 296 in Q2 2025.
- Funds reported $3.29B of BlackLine stock for Q3 2025, down 11% quarter-over-quarter.
- 30 funds opened new BlackLine positions in Q3 2025 and 49 closed out, a net change of -19 holders.
- The largest BlackLine buyer in Q3 2025 was Engaged Capital, an estimated $24.5M added.
- The largest BlackLine seller in Q3 2025 was Fidelity Investments, an estimated $40.6M sold.
Based on aggregated 13F filings for Q3 2025.