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Blackbaud
BLKB

188 hedge funds and large institutions have $2.13B invested in Blackbaud in 2014 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 59 increasing their positions, 63 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

236% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 11

128% more call options, than puts

Call options by funds: $493K | Put options by funds: $216K

15% more funds holding

Funds holding: 164 → 188 (+24)

9% more capital invested

Capital invested by funds: $1.95B → $2.13B (+$176M)

6% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 63

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
188
Holders Change
+24
Holders Change %
+14.63%
% of All Funds
5.01%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.11%
New
37
Increased
59
Reduced
63
Closed
11
Calls
$493K
Puts
$216K
Net Calls
+$277K
Net Calls Change
+$57K

Top Buyers

1
FMA
Fiduciary Management Associates
Illinois
+$17.5M
2
DDC
DF Dent & Co
Maryland
+$13.7M
3
Select Equity Group
Select Equity Group
New York
+$11M
4
BFA
BlackRock Fund Advisors
California
+$9.64M
5
Millennium Management
Millennium Management
New York
+$8.99M

Top Sellers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$43.5M
2
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$24.1M
3
RFC
Russell Frank Company
Washington
-$16.7M
4
ACH
ArrowMark Colorado Holdings
Colorado
-$14.2M
5
ACM
Atlanta Capital Management
Georgia
-$12.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
BG
76
BlackRock Group
United Kingdom
$1.94M -$49.9K -1,183 -3%
SCM
77
Sterling Capital Management
North Carolina
$1.85M – – –
Lazard Asset Management
78
Lazard Asset Management
New York
$1.84M +$1.79M +42,494 New
TPSF
79
Texas Permanent School Fund
Texas
$1.8M -$8.52K -202 -0.5%
State Board of Administration of Florida Retirement System
80
State Board of Administration of Florida Retirement System
Florida
$1.77M -$127K -3,002 -7%
PI
81
Placemark Investments
Illinois
$1.73M +$32.9K +781 +2%
UBS Group
82
UBS Group
Switzerland
$1.66M +$1.62M +38,401 New
MLICM
83
Metropolitan Life Insurance Company (MetLife)
New York
$1.58M +$23.7K +561 +2%
State of Tennessee, Department of Treasury
84
State of Tennessee, Department of Treasury
Tennessee
$1.56M -$156K -3,700 -9%
CS
85
Credit Suisse
Switzerland
$1.54M +$588K +13,938 +64%
SIM
86
Spark Investment Management
New York
$1.49M -$494K -11,700 -25%
AIG
87
American International Group
New York
$1.49M -$43.2K -1,023 -3%
ASRS
88
Arizona State Retirement System
Arizona
$1.4M +$16.9K +400 +1%
Bank of America
89
Bank of America
North Carolina
$1.36M +$1.03M +24,366 +346%
CCMH
90
Cornerstone Capital Management Holdings
New York
$1.26M -$359K -8,500 -23%
Citigroup
91
Citigroup
New York
$1.22M +$718K +17,028 +151%
CIC
92
Crawford Investment Counsel
Georgia
$1.19M +$122K +2,900 +12%
BA
93
BlackRock Advisors
Delaware
$1.07M -$49.4K -1,172 -5%
FA
94
FDx Advisors
Illinois
$1.05M -$3.38K -80 -0.3%
CC
95
Curian Capital
Colorado
$1.02M +$406K +9,636 +69%
CAM
96
Capstone Asset Management
Texas
$1.02M -$132K -3,130 -12%
NCCM
97
Nine Chapters Capital Management
New Jersey
$999K +$599K +14,200 +160%
Royal Bank of Canada
98
Royal Bank of Canada
Ontario, Canada
$940K +$229K +5,428 +33%
RJA
99
Raymond James & Associates
Florida
$925K +$88.5K +2,099 +11%
LSERS
100
Louisiana State Employees Retirement System
Louisiana
$908K -$8.44K -200 -0.9%
2 3
4
5 6

BLKB Hedge Fund Activity: Q4 2014 in Review

188 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q4 2014, worth a combined $2.13B — up 9% from $1.95B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new BLKB positions and 11 closed out — a net gain of 26 holders — while 59 added to existing stakes and 63 trimmed.

The largest buyer was Fiduciary Management Associates, opening a new position worth an estimated $17.5M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $43.5M.

  • 188 institutional investors held Blackbaud (BLKB) as of Q4 2014, up from 164 in Q3 2014.
  • Funds reported $2.13B of Blackbaud stock for Q4 2014, up 9% quarter-over-quarter.
  • 37 funds opened new Blackbaud positions in Q4 2014 and 11 closed out, a net change of +26 holders.
  • The largest Blackbaud buyer in Q4 2014 was Fiduciary Management Associates, an estimated $17.5M added.
  • The largest Blackbaud seller in Q4 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $43.5M sold.

Based on aggregated 13F filings for Q4 2014.