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Blackbaud
BLKB

159 hedge funds and large institutions have $1.44B invested in Blackbaud in 2014 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 69 increasing their positions, 44 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 44

47% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 15

3% more funds holding

Funds holding: 154 → 159 (+5)

16% less capital invested

Capital invested by funds: $1.72B → $1.44B (-$274M)

93% less call options, than puts

Call options by funds: $91K | Put options by funds: $1.33M

Holders
159
Holders Change
+5
Holders Change %
+3.25%
% of All Funds
4.59%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
22
Increased
69
Reduced
44
Closed
15
Calls
$91K
Puts
$1.33M
Net Calls
-$1.24M
Net Calls Change
-$1.8M

Top Buyers

Rank Fund Capital Flow
1
CIP
Champlain Investment Partners
Vermont
+$11.1M
2
Bank of New York Mellon
Bank of New York Mellon
New York
+$7.86M
3
HCM
Hodges Capital Management
Texas
+$6.88M
4
ACM
Atlanta Capital Management
Georgia
+$6.23M
5
CCA
Conestoga Capital Advisors
Pennsylvania
+$5.22M

Top Sellers

Rank Fund Capital Flow
1
Neuberger Berman Group
Neuberger Berman Group
New York
-$35M
2
CCM
Cadence Capital Management
Massachusetts
-$5.35M
3
Goldman Sachs
Goldman Sachs
New York
-$4.83M
4
PAM
Panagora Asset Management
Massachusetts
-$4.72M
5
JP Morgan Chase
JP Morgan Chase
New York
-$3.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
Public Sector Pension Investment Board (PSP Investments)
51
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.91M -$619K -18,400 -17%
Millennium Management
52
Millennium Management
New York
$2.77M +$1.57M +46,777 +112%
NFA
53
Nationwide Fund Advisors
Ohio
$2.7M -$221K -6,566 -7%
Deutsche Bank
54
Deutsche Bank
Germany
$2.65M +$2.04M +60,753 +253%
California State Teachers Retirement System (CalSTRS)
55
California State Teachers Retirement System (CalSTRS)
California
$2.6M +$10.1K +300 +0.4%
Ohio Public Employees Retirement System (OPERS)
56
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.43M – – –
BG
57
BlackRock Group
United Kingdom
$2.37M -$95.9K -2,851 -4%
California Public Employees Retirement System
58
California Public Employees Retirement System
California
$2.32M +$37K +1,100 +2%
State Farm Mutual Automobile Insurance
59
State Farm Mutual Automobile Insurance
Illinois
$2.13M – – –
TA
60
Teachers Advisors
New York
$2.1M +$40.7K +1,210 +2%
Citadel Advisors
61
Citadel Advisors
Florida
$1.94M -$235K -6,971 -10%
SIM
62
Spark Investment Management
New York
$1.75M +$350K +10,400 +23%
RFC
63
Russell Frank Company
Washington
$1.73M – – –
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$1.66M -$75.4K -2,240 -4%
Swiss National Bank
65
Swiss National Bank
Switzerland
$1.57M +$394K +11,700 +30%
Comerica Bank
66
Comerica Bank
Texas
$1.5M -$47.2K -1,403 -3%
ProShare Advisors
67
ProShare Advisors
Maryland
$1.48M +$1.59M +47,215 New
TPSF
68
Texas Permanent School Fund
Texas
$1.46M -$54.6K -1,622 -3%
SCM
69
Sterling Capital Management
North Carolina
$1.41M -$125K -3,720 -8%
State Board of Administration of Florida Retirement System
70
State Board of Administration of Florida Retirement System
Florida
$1.38M – – –
Bank of America
71
Bank of America
North Carolina
$1.32M -$241K -7,173 -15%
State of Tennessee, Department of Treasury
72
State of Tennessee, Department of Treasury
Tennessee
$1.29M -$215K -6,400 -13%
COPPSERS
73
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.28M – – –
Arrowstreet Capital
74
Arrowstreet Capital
Massachusetts
$1.25M +$1.13M +33,497 +509%
MLICM
75
Metropolitan Life Insurance Company (MetLife)
New York
$1.16M – – –
1 2
3
4 5

BLKB Hedge Fund Activity: Q1 2014 in Review

159 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q1 2014, worth a combined $1.44B — down 16% from $1.72B a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BLKB positions and 15 closed out — a net gain of 7 holders — while 69 added to existing stakes and 44 trimmed.

The largest buyer was Champlain Investment Partners, adding an estimated $11.1M. The largest seller was Neuberger Berman Group, exiting entirely with an estimated $35M sold.

  • 159 institutional investors held Blackbaud (BLKB) as of Q1 2014, up from 154 in Q4 2013.
  • Funds reported $1.44B of Blackbaud stock for Q1 2014, down 16% quarter-over-quarter.
  • 22 funds opened new Blackbaud positions in Q1 2014 and 15 closed out, a net change of +7 holders.
  • The largest Blackbaud buyer in Q1 2014 was Champlain Investment Partners, an estimated $11.1M added.
  • The largest Blackbaud seller in Q1 2014 was Neuberger Berman Group, an estimated $35M sold.

Based on aggregated 13F filings for Q1 2014.