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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
NPIT
151
National Penn Investors Trust
Pennsylvania
$213K -$35.4K -840 -15%
Canada Life
152
Canada Life
Manitoba, Canada
$159K – – –
SO
153
STRS Ohio
Ohio
$108K +$59.1K +1,400 +127%
JFGIW
154
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$96K – – –
BlackRock
155
BlackRock
New York
$61K – – –
Teacher Retirement System of Texas
156
Teacher Retirement System of Texas
Texas
$60K -$10.9K -259 -16%
MCM
157
Manchester Capital Management
Vermont
$59K -$58K -1,375 -50%
DADC
158
D.A. Davidson & Co
Montana
$52K -$24.3K -575 -32%
First Manhattan
159
First Manhattan
New York
$50K +$49.3K +1,169 New
MWP
160
MYCIO Wealth Partners
Pennsylvania
$43K +$41.7K +989 New
PCM
161
Prelude Capital Management
New York
$39K +$38K +900 New
Envestnet Asset Management
162
Envestnet Asset Management
Illinois
$35K -$10.1K -239 -23%
RC
163
RegentAtlantic Capital
New Jersey
$28.2K +$27.5K +652 New
FHA
164
First Horizon Advisors
Tennessee
$22K -$4.43K -105 -17%
IMS
165
Index Management Solutions
Pennsylvania
$22K +$21.9K +518 New
LTFS
166
Ladenburg Thalmann Financial Services
Florida
$14K – – –
LNB
167
Ledyard National Bank
$14K – – –
PNC Financial Services Group
168
PNC Financial Services Group
Pennsylvania
$14K +$3.42K +81 +34%
TRCT
169
Tower Research Capital (TRC)
New York
$13K -$7.04K -167 -35%
Northwestern Mutual Wealth Management
170
Northwestern Mutual Wealth Management
Wisconsin
$11K +$5.57K +132 +101%
Bessemer Group
171
Bessemer Group
New Jersey
$10K +$9.45K +224 New
IPC
172
Independent Portfolio Consultants
Florida
$9K +$1.69K +40 +24%
Federated Hermes
173
Federated Hermes
Pennsylvania
$6K – – –
MPWT
174
MassMutual Private Wealth & Trust
Connecticut
$5.71K – – –
CFA
175
Carroll Financial Associates
North Carolina
$5K – – –
4 5 6
7
8

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.