Blackbaud
BLKB
238 hedge funds and large institutions have $3.18B invested in Blackbaud in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 95 increasing their positions, 73 reducing their positions, and 66 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 73
3% less call options, than puts
Call options by funds: $1.15M | Put options by funds: $1.18M
1.24% less ownership
Funds ownership: 105.36% → 104.12% (-1.2%)
10% less funds holding
Funds holding: 265 → 238 (-27)
39% less capital invested
Capital invested by funds: $5.19B → $3.18B (-$2.01B)
39% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 66
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$36.9M |
| 2 |
Janus Henderson Group
London,
|
+$31.7M |
| 3 |
Goldman Sachs
New York
|
+$26M |
| 4 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
+$25.6M |
| 5 |
VanEck Associates
New York
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$114M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$64M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$36.1M |
| 4 |
ESCM
Echo Street Capital Management
New York
|
-$29.9M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$20.3M |
BLKB Hedge Fund Activity: Q4 2018 in Review
238 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q4 2018, worth a combined $3.18B — down 39% from $5.19B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of BLKB and 40 opened new positions — a net loss of 26 holders — while 73 trimmed existing stakes and 95 added.
The largest buyer was Wellington Management Group, adding an estimated $36.9M. The largest seller was Select Equity Group, cutting an estimated $114M.
- 238 institutional investors held Blackbaud (BLKB) as of Q4 2018, down from 265 in Q3 2018.
- Funds reported $3.18B of Blackbaud stock for Q4 2018, down 39% quarter-over-quarter.
- 40 funds opened new Blackbaud positions in Q4 2018 and 66 closed out, a net change of -26 holders.
- The largest Blackbaud buyer in Q4 2018 was Wellington Management Group, an estimated $36.9M added.
- The largest Blackbaud seller in Q4 2018 was Select Equity Group, an estimated $114M sold.
Based on aggregated 13F filings for Q4 2018.