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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$46.3M |
| 2 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$34.7M |
| 3 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
+$19.6M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$17.4M |
| 5 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$43.2M |
| 2 |
Morgan Stanley
New York
|
-$27.2M |
| 3 |
BlackRock
New York
|
-$13.7M |
| 4 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$12.4M |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$12.1M |
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.