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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
BCM
1
Brown Capital Management
Maryland
$216M -$2.48M -58,732 -1%
ACM
2
Atlanta Capital Management
Georgia
$209M -$12.4M -293,162 -6%
JHIU
3
Janus Henderson Investors US
Colorado
$181M -$8.3M -196,689 -4%
Vanguard Group
4
Vanguard Group
Pennsylvania
$145M +$3.96M +93,921 +3%
JSP
5
Jackson Square Partners
California
$120M +$1.09M +25,952 +0.9%
BFA
6
BlackRock Fund Advisors
California
$116M +$9.64M +228,586 +9%
CIP
7
Champlain Investment Partners
Vermont
$83.8M +$5.05M +119,805 +7%
Macquarie Group
8
Macquarie Group
Australia
$82.5M -$1.28M -30,237 -2%
BIT
9
BlackRock Institutional Trust
California
$49.5M -$53K -1,257 -0.1%
GKIM
10
GW&K Investment Management
Massachusetts
$49M -$5.65M -133,823 -11%
RC
11
RGM Capital
Florida
$41M -$9.07M -214,999 -18%
State Street
12
State Street
Massachusetts
$37.2M -$419K -9,923 -1%
CCA
13
Conestoga Capital Advisors
Pennsylvania
$36M -$9.48M -224,806 -21%
New York State Common Retirement Fund
14
New York State Common Retirement Fund
New York
$33.1M – – –
Bank of New York Mellon
15
Bank of New York Mellon
New York
$30.6M -$1.13M -26,690 -4%
Northern Trust
16
Northern Trust
Illinois
$30.1M -$658K -15,608 -2%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$29.8M +$3.77M +89,368 +15%
BTW
18
Boston Trust Walden
Massachusetts
$28.5M +$456K +10,801 +2%
CAM
19
Cortina Asset Management
Wisconsin
$28.4M -$1.71M -40,644 -6%
RA
20
Royce & Associates
New York
$27.1M – – –
PCM
21
Palisade Capital Management
New Jersey
$27.1M -$832K -19,712 -3%
Principal Financial Group
22
Principal Financial Group
Iowa
$26.8M +$3.45M +81,789 +15%
Brown Advisory
23
Brown Advisory
Maryland
$23.5M +$2.53M +60,051 +12%
Kayne Anderson Rudnick Investment Management
24
Kayne Anderson Rudnick Investment Management
California
$23.1M -$24.1M -572,092 -52%
MAA
25
Managed Account Advisors
New Jersey
$22.3M -$975K -23,111 -4%
1
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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.