Blackbaud
BLKB
159 hedge funds and large institutions have $1.44B invested in Blackbaud in 2014 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 69 increasing their positions, 44 reducing their positions, and 15 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 44
47% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 15
3% more funds holding
Funds holding: 154 → 159 (+5)
16% less capital invested
Capital invested by funds: $1.72B → $1.44B (-$274M)
93% less call options, than puts
Call options by funds: $91K | Put options by funds: $1.33M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$11.1M |
| 2 |
Bank of New York Mellon
New York
|
+$7.86M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$6.88M |
| 4 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
+$6.23M |
| 5 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$5.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$35M |
| 2 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$5.35M |
| 3 |
Goldman Sachs
New York
|
-$4.83M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$4.72M |
| 5 |
JP Morgan Chase
New York
|
-$3.46M |
BLKB Hedge Fund Activity: Q1 2014 in Review
159 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q1 2014, worth a combined $1.44B — down 16% from $1.72B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BLKB positions and 15 closed out — a net gain of 7 holders — while 69 added to existing stakes and 44 trimmed.
The largest buyer was Champlain Investment Partners, adding an estimated $11.1M. The largest seller was Neuberger Berman Group, exiting entirely with an estimated $35M sold.
- 159 institutional investors held Blackbaud (BLKB) as of Q1 2014, up from 154 in Q4 2013.
- Funds reported $1.44B of Blackbaud stock for Q1 2014, down 16% quarter-over-quarter.
- 22 funds opened new Blackbaud positions in Q1 2014 and 15 closed out, a net change of +7 holders.
- The largest Blackbaud buyer in Q1 2014 was Champlain Investment Partners, an estimated $11.1M added.
- The largest Blackbaud seller in Q1 2014 was Neuberger Berman Group, an estimated $35M sold.
Based on aggregated 13F filings for Q1 2014.