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Blackbaud
BLKB

254 hedge funds and large institutions have $3.53B invested in Blackbaud in 2023 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 99 increasing their positions, 80 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 20

24% more repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 80

19% more capital invested

Capital invested by funds: $2.96B → $3.53B (+$572M)

3% more funds holding

Funds holding: 247 → 254 (+7)

0.55% less ownership

Funds ownership: 96.3% → 95.74% (-0.55%)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

80% less call options, than puts

Call options by funds: $2.24M | Put options by funds: $11M

Holders
254
Holders Change
+7
Holders Change %
+2.83%
% of All Funds
4.05%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.11%
New
29
Increased
99
Reduced
80
Closed
20
Calls
$2.24M
Puts
$11M
Net Calls
-$8.79M
Net Calls Change
-$12.9M

Top Buyers

1
Marshall Wace
Marshall Wace
United Kingdom
+$17.8M
2
GF
Greenhouse Funds
Maryland
+$11.2M
3
CC
Carlson Capital
Texas
+$6.59M
4
HRCM
Hawk Ridge Capital Management
California
+$6.35M
5
Norges Bank
Norges Bank
Norway
+$6.02M

Top Sellers

1
BCM
Brown Capital Management
Maryland
-$19.5M
2
IECM
Intrinsic Edge Capital Management
Illinois
-$17.6M
3
SSA
Schonfeld Strategic Advisors
New York
-$16.6M
4
CIP
Champlain Investment Partners
Vermont
-$15.6M
5
ICM
Indaba Capital Management
California
-$11.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
FNBOO
76
First National Bank of Omaha
Nebraska
$2.76M -$12.2K -204 -0.5%
Susquehanna International Group
77
Susquehanna International Group
Pennsylvania
$2.75M +$2.13M +35,549 +849%
TPSF
78
Texas Permanent School Fund
Texas
$2.72M +$570K +9,517 +32%
Citadel Advisors
79
Citadel Advisors
Florida
$2.66M +$2.11M +35,267 +1,148%
NAM
80
Nissay Asset Management
Japan
$2.52M – – –
Canada Life
81
Canada Life
Manitoba, Canada
$2.51M -$72.2K -1,205 -3%
MOACM
82
Mutual of America Capital Management
New York
$2.49M -$45.1K -752 -2%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
83
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$2.47M +$2.14M +35,700 New
Deutsche Bank
84
Deutsche Bank
Germany
$2.27M -$502K -8,374 -20%
T. Rowe Price Associates
85
T. Rowe Price Associates
Maryland
$2.19M +$39.1K +653 +2%
AB
86
Amalgamated Bank
New York
$2.08M -$108K -1,802 -6%
BNP Paribas Financial Markets
87
BNP Paribas Financial Markets
France
$2.03M +$970K +16,185 +124%
Barclays
88
Barclays
United Kingdom
$1.98M +$770K +12,851 +82%
JIC
89
Johnson Investment Counsel
Ohio
$1.94M -$23.4K -390 -1%
UBS Group
90
UBS Group
Switzerland
$1.69M +$758K +12,658 +107%
Royal Bank of Canada
91
Royal Bank of Canada
Ontario, Canada
$1.66M +$614K +10,242 +74%
HC
92
Henshaw Capital
Massachusetts
$1.62M – – –
Connor, Clark & Lunn Investment Management (CC&L)
93
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.57M -$1.44M -23,982 -51%
YCM
94
Yousif Capital Management
Michigan
$1.56M -$9.88K -165 -0.7%
TIM
95
Triodos Investment Management
Netherlands
$1.52M +$359K +6,000 +38%
State of Wisconsin Investment Board
96
State of Wisconsin Investment Board
Wisconsin
$1.5M -$122K -2,044 -9%
SG Americas Securities
97
SG Americas Securities
New York
$1.44M +$1.08M +18,070 +672%
COPPSERS
98
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.39M +$1.5K +25 +0.1%
AG
99
Algert Global
California
$1.36M +$186K +3,100 +19%
CIC
100
Cornercap Investment Counsel
Georgia
$1.28M +$1.11M +18,492 New
2 3
4
5 6

BLKB Hedge Fund Activity: Q1 2023 in Review

254 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q1 2023, worth a combined $3.53B — up 19% from $2.96B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new BLKB positions and 20 closed out — a net gain of 9 holders — while 99 added to existing stakes and 80 trimmed.

The largest buyer was Marshall Wace, adding an estimated $17.8M. The largest seller was Brown Capital Management, exiting entirely with an estimated $19.5M sold.

  • 254 institutional investors held Blackbaud (BLKB) as of Q1 2023, up from 247 in Q4 2022.
  • Funds reported $3.53B of Blackbaud stock for Q1 2023, up 19% quarter-over-quarter.
  • 29 funds opened new Blackbaud positions in Q1 2023 and 20 closed out, a net change of +9 holders.
  • The largest Blackbaud buyer in Q1 2023 was Marshall Wace, an estimated $17.8M added.
  • The largest Blackbaud seller in Q1 2023 was Brown Capital Management, an estimated $19.5M sold.

Based on aggregated 13F filings for Q1 2023.