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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
VOYA Investment Management
101
VOYA Investment Management
Georgia
$1.22M -$5.63K -94 -0.5%
Prudential Financial
102
Prudential Financial
New Jersey
$1.16M +$110K +1,841 +12%
Two Sigma Advisers
103
Two Sigma Advisers
New York
$1.15M -$204K -3,400 -17%
Ensign Peak Advisors
104
Ensign Peak Advisors
Utah
$1.11M +$207K +3,450 +27%
JCIA
105
Jackson Creek Investment Advisors
Colorado
$1.06M -$240 -4 -0%
State Board of Administration of Florida Retirement System
106
State Board of Administration of Florida Retirement System
Florida
$1.06M – – –
Citigroup
107
Citigroup
New York
$1.06M -$59.4K -992 -6%
AIP
108
Ameritas Investment Partners
Nebraska
$1.05M – – –
Natixis Advisors
109
Natixis Advisors
Massachusetts
$1.01M +$24.6K +411 +3%
Jane Street
110
Jane Street
New York
$982K +$484K +8,084 +133%
CAPTRUST Financial Advisors
111
CAPTRUST Financial Advisors
North Carolina
$972K +$74.8K +1,248 +10%
AAM
112
Azzad Asset Management
Virginia
$962K +$13.4K +223 +2%
Millennium Management
113
Millennium Management
New York
$935K -$122K -2,035 -13%
SO
114
STRS Ohio
Ohio
$935K +$743K +12,400 +1,127%
Bank of Montreal
115
Bank of Montreal
Ontario, Canada
$924K +$93K +1,552 +13%
Janney Montgomery Scott
116
Janney Montgomery Scott
Pennsylvania
$922K -$7.31K -122 -0.9%
OPERF
117
Oregon Public Employees Retirement Fund
Oregon
$910K +$6.59K +110 +0.8%
ASRS
118
Arizona State Retirement System
Arizona
$906K +$21.4K +358 +3%
CNAM
119
Campbell Newman Asset Management
Wisconsin
$906K +$7.13K +119 +0.9%
JMPWA
120
JP Morgan Private Wealth Advisors
California
$900K -$14.2K -237 -2%
2C
121
272 Capital
Texas
$869K -$1.48M -24,715 -66%
Balyasny Asset Management
122
Balyasny Asset Management
Illinois
$828K +$407K +6,796 +132%
LSERS
123
Louisiana State Employees Retirement System
Louisiana
$818K -$5.99K -100 -0.8%
Thrivent Financial for Lutherans
124
Thrivent Financial for Lutherans
Minnesota
$816K -$6.53K -109 -0.9%
Teacher Retirement System of Texas
125
Teacher Retirement System of Texas
Texas
$791K +$16.4K +273 +2%
3 4
5
6 7

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.