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Blackbaud
BLKB

315 hedge funds and large institutions have $2.99B invested in Blackbaud in 2025 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 112 increasing their positions, 107 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

152% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 21

142% more call options, than puts

Call options by funds: $1.11M | Put options by funds: $457K

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

9% more funds holding

Funds holding: 288 → 315 (+27)

5% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 107

1% less capital invested

Capital invested by funds: $3.04B → $2.99B (-$40.2M)

1.42% less ownership

Funds ownership: 97.42% → 96% (-1.4%)

Holders
315
Holders Change
+27
Holders Change %
+9.38%
% of All Funds
4.13%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
53
Increased
112
Reduced
107
Closed
21
Calls
$1.11M
Puts
$457K
Net Calls
+$649K
Net Calls Change
+$20K

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$46.3M
2
SCM
SG Capital Management
Illinois
+$34.7M
3
SCM
Shapiro Capital Management
Georgia
+$19.6M
4
N
Nuveen
North Carolina
+$17.4M
5
Tudor Investment Corp
Tudor Investment Corp
Connecticut
+$10.8M

Top Sellers

1
ACH
ArrowMark Colorado Holdings
Colorado
-$43.2M
2
Morgan Stanley
Morgan Stanley
New York
-$27.2M
3
BlackRock
BlackRock
New York
-$13.7M
4
ICM
Indaba Capital Management
California
-$12.4M
5
PCM
Penn Capital Management
Pennsylvania
-$12.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
JWA
301
JFS Wealth Advisors
Pennsylvania
$1.03K -$66 -1 -6%
PWMG
302
Private Wealth Management Group
New Jersey
$965 – – –
TWD
303
True Wealth Design
Ohio
$901 +$852 +13 +1,300%
TPCW
304
TD Private Client Wealth
New York
$900 -$56.1K -857 -98%
FFL
305
Financial Freedom LLC
Ohio
$650 – – –
PWMG
306
Prestige Wealth Management Group
New Jersey
$579 – – –
FFO
307
Fortitude Family Office
Arizona
$450 – – –
TFA
308
Transamerica Financial Advisors
Florida
$450 +$459 +7 New
KG
309
Kilter Group
New York
$258 +$262 +4 New
HIA
310
HFM Investment Advisors
New Jersey
$129 – – –
RWM
311
Rialto Wealth Management
New York
$129 – – –
BHWM
312
Bay Harbor Wealth Management
Maryland
$64 – – –
Norges Bank
313
Norges Bank
Norway
– -$31.5M -490,621 Closed
ICM
314
Indaba Capital Management
California
– -$12.4M -193,000 Closed
PCM
315
Penn Capital Management
Pennsylvania
– -$12.1M -187,988 Closed
California Public Employees Retirement System
316
California Public Employees Retirement System
California
– -$10.5M -163,365 Closed
HF
317
HRT Financial
New York
– -$7.14M -111,214 Closed
CIEC
318
Crédit Industriel et Commercial
France
– -$2.13M -33,112 Closed
JG
319
Jain Global
New York
– -$950K -14,797 Closed
GLF
320
Groupe la Francaise
France
– -$877K -13,658 Closed
TSS
321
Two Sigma Securities
New York
– -$353K -5,501 Closed
JFG
322
Jefferies Financial Group
New York
– -$321K -5,000 Closed
ET
323
Entropy Technologies
New York
– -$302K -4,700 Closed
N
324
Natixis
France
– -$291K -4,530 Closed
DS
325
DRW Securities
Illinois
– -$227K -3,529 Closed
10 11 12
13
14

BLKB Hedge Fund Activity: Q3 2025 in Review

315 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q3 2025, worth a combined $2.99B — down 1.3% from $3.04B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new BLKB positions and 21 closed out — a net gain of 32 holders — while 112 added to existing stakes and 107 trimmed.

The largest buyer was Vanguard Group, adding an estimated $46.3M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $43.2M.

  • 315 institutional investors held Blackbaud (BLKB) as of Q3 2025, up from 288 in Q2 2025.
  • Funds reported $2.99B of Blackbaud stock for Q3 2025, down 1.3% quarter-over-quarter.
  • 53 funds opened new Blackbaud positions in Q3 2025 and 21 closed out, a net change of +32 holders.
  • The largest Blackbaud buyer in Q3 2025 was Vanguard Group, an estimated $46.3M added.
  • The largest Blackbaud seller in Q3 2025 was ArrowMark Colorado Holdings, an estimated $43.2M sold.

Based on aggregated 13F filings for Q3 2025.