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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
TI
76
Trexquant Investment
Connecticut
$2.57M +$2.62M +40,034 New
WCM
77
Wedge Capital Management
North Carolina
$2.57M +$713K +10,879 +37%
Manulife (Manufacturers Life Insurance)
78
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.45M -$171K -2,617 -6%
California State Teachers Retirement System (CalSTRS)
79
California State Teachers Retirement System (CalSTRS)
California
$2.44M +$131 +2 +0%
EGM
80
Engineers Gate Manager
New York
$2.42M +$1.46M +22,244 +144%
Universal-Beteiligungs- und Servicegesellschaft
81
Universal-Beteiligungs- und Servicegesellschaft
Germany
$2.36M +$2.4M +36,632 New
T. Rowe Price Associates
82
T. Rowe Price Associates
Maryland
$2.33M -$1.1M -16,744 -32%
Ameriprise
83
Ameriprise
Minnesota
$2.14M -$102K -1,551 -4%
Deutsche Bank
84
Deutsche Bank
Germany
$2.14M +$244K +3,718 +13%
Canada Life
85
Canada Life
Manitoba, Canada
$2.12M – – –
AIM
86
AXA Investment Managers
France
$2.1M +$2.14M +32,611 New
QT
87
Quantbot Technologies
New York
$1.95M +$505K +7,704 +34%
FNBOO
88
First National Bank of Omaha
Nebraska
$1.89M -$279K -4,254 -13%
IIM
89
INTECH Investment Management
Florida
$1.87M -$297K -4,532 -13%
AI
90
Atom Investors
Texas
$1.84M +$1.87M +28,593 New
GAM
91
Gotham Asset Management
New York
$1.84M +$642K +9,802 +52%
Victory Capital Management
92
Victory Capital Management
Texas
$1.81M +$1.47M +22,444 +397%
SEI Investments
93
SEI Investments
Pennsylvania
$1.78M +$52.8K +806 +3%
HCA
94
Harbor Capital Advisors
Illinois
$1.71M -$90.4K -1,380 -5%
Point72 Asset Management
95
Point72 Asset Management
Connecticut
$1.67M +$379K +5,791 +29%
AC
96
Aristides Capital
Kentucky
$1.61M +$402K +6,139 +33%
KCM
97
Kennedy Capital Management
Missouri
$1.6M +$51.8K +791 +3%
Comerica Bank
98
Comerica Bank
Texas
$1.58M +$237K +3,620 +17%
ACM
99
Aquatic Capital Management
Illinois
$1.53M +$374K +5,712 +31%
HC
100
Henshaw Capital
Massachusetts
$1.5M -$330K -5,039 -18%
2 3
4
5 6

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.