Blackbaud
BLKB
225 hedge funds and large institutions have $4.2B invested in Blackbaud in 2017 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 81 increasing their positions, 86 reducing their positions, and 16 closing their positions.
75% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 16
45% more call options, than puts
Call options by funds: $613K | Put options by funds: $424K
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
23% more capital invested
Capital invested by funds: $3.4B → $4.2B (+$794M)
3.45% more ownership
Funds ownership: 111.71% → 115.16% (+3.4%)
2% more funds holding
Funds holding: 220 → 225 (+5)
6% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 86
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$407M |
| 2 |
Select Equity Group
New York
|
+$89.4M |
| 3 |
Neuberger Berman Group
New York
|
+$29.9M |
| 4 |
Public Employees Retirement Association of Colorado
Denver,
Colorado
|
+$14.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RC
RGM Capital
Naples,
Florida
|
-$16.9M |
| 2 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$14.7M |
| 3 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$12.7M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$10.2M |
| 5 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
-$9.88M |
BLKB Hedge Fund Activity: Q1 2017 in Review
225 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q1 2017, worth a combined $4.2B — up 23% from $3.4B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new BLKB positions and 16 closed out — a net gain of 12 holders — while 81 added to existing stakes and 86 trimmed.
The largest buyer was BlackRock, adding an estimated $407M. The largest seller was RGM Capital, cutting an estimated $16.9M.
- 225 institutional investors held Blackbaud (BLKB) as of Q1 2017, up from 220 in Q4 2016.
- Funds reported $4.2B of Blackbaud stock for Q1 2017, up 23% quarter-over-quarter.
- 28 funds opened new Blackbaud positions in Q1 2017 and 16 closed out, a net change of +12 holders.
- The largest Blackbaud buyer in Q1 2017 was BlackRock, an estimated $407M added.
- The largest Blackbaud seller in Q1 2017 was RGM Capital, an estimated $16.9M sold.
Based on aggregated 13F filings for Q1 2017.