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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
PSUF
101
People's United Financial
Connecticut
$874K +$4.77K +113 +0.6%
UBS AM
102
UBS AM
Illinois
$865K +$42.2K +1,000 +5%
HI
103
HBK Investments
Texas
$865K +$844K +20,000 New
GC
104
Guggenheim Capital
Illinois
$862K +$141K +3,344 +20%
Natixis Advisors
105
Natixis Advisors
Massachusetts
$774K -$23.8K -564 -3%
GAM
106
Gotham Asset Management
New York
$761K -$133K -3,154 -15%
Two Sigma Advisers
107
Two Sigma Advisers
New York
$752K +$464K +11,000 +173%
RFC
108
Regions Financial Corp
Alabama
$727K -$298K -7,070 -30%
Thrivent Financial for Lutherans
109
Thrivent Financial for Lutherans
Minnesota
$727K – – –
TRSOTSOK
110
Teachers Retirement System of the State of Kentucky
Kentucky
$705K – – –
Two Sigma Investments
111
Two Sigma Investments
New York
$704K +$418K +9,915 +156%
BG
112
Bahl & Gaynor
Ohio
$646K +$17.5K +415 +3%
M&T Bank
113
M&T Bank
New York
$645K -$134K -3,185 -18%
Public Employees Retirement Association of Colorado
114
Public Employees Retirement Association of Colorado
Colorado
$643K – – –
SCM
115
Stevens Capital Management
Pennsylvania
$623K +$608K +14,403 New
T. Rowe Price Associates
116
T. Rowe Price Associates
Maryland
$614K – – –
AG
117
Aperio Group
California
$606K +$83K +1,967 +16%
CB
118
Commerce Bank
Missouri
$564K -$116K -2,745 -17%
Bank of Montreal
119
Bank of Montreal
Ontario, Canada
$525K +$330K +7,815 +181%
MAM
120
Martingale Asset Management
Massachusetts
$511K – – –
MERSOM
121
Municipal Employees' Retirement System of Michigan
Michigan
$510K – – –
American Century Companies
122
American Century Companies
Missouri
$507K – – –
Tudor Investment Corp
123
Tudor Investment Corp
Connecticut
$501K +$488K +11,571 New
FMT
124
First Mercantile Trust
Tennessee
$487K +$474K +11,246 New
ProShare Advisors
125
ProShare Advisors
Maryland
$480K -$355K -8,418 -43%
3 4
5
6 7

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.