Blackbaud
BLKB
239 hedge funds and large institutions have $2.69B invested in Blackbaud in 2020 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 76 increasing their positions, 88 reducing their positions, and 30 closing their positions.
27% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 30
3% more funds holding
Funds holding: 231 → 239 (+8)
3.32% less ownership
Funds ownership: 100.71% → 97.39% (-3.3%)
6% less capital invested
Capital invested by funds: $2.85B → $2.69B (-$163M)
14% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 88
33% less call options, than puts
Call options by funds: $1.54M | Put options by funds: $2.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$53.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$10.6M |
| 3 |
CAM
Contour Asset Management
New York
|
+$9.8M |
| 4 |
Millennium Management
New York
|
+$7.98M |
| 5 |
HF
HRT Financial
New York
|
+$5.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$40.7M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$29.5M |
| 3 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$26.7M |
| 4 |
ESCM
Echo Street Capital Management
New York
|
-$25.7M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$19.5M |
BLKB Hedge Fund Activity: Q3 2020 in Review
239 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q3 2020, worth a combined $2.69B — down 5.7% from $2.85B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new BLKB positions and 30 closed out — a net gain of 8 holders — while 76 added to existing stakes and 88 trimmed.
The largest buyer was Van Berkom & Associates, opening a new position worth an estimated $53.4M. The largest seller was Conestoga Capital Advisors, exiting entirely with an estimated $40.7M sold.
- 239 institutional investors held Blackbaud (BLKB) as of Q3 2020, up from 231 in Q2 2020.
- Funds reported $2.69B of Blackbaud stock for Q3 2020, down 5.7% quarter-over-quarter.
- 38 funds opened new Blackbaud positions in Q3 2020 and 30 closed out, a net change of +8 holders.
- The largest Blackbaud buyer in Q3 2020 was Van Berkom & Associates, an estimated $53.4M added.
- The largest Blackbaud seller in Q3 2020 was Conestoga Capital Advisors, an estimated $40.7M sold.
Based on aggregated 13F filings for Q3 2020.