Blackbaud
BLKB
223 hedge funds and large institutions have $4.26B invested in Blackbaud in 2019 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 86 increasing their positions, 66 reducing their positions, and 35 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 66
5% more capital invested
Capital invested by funds: $4.05B → $4.26B (+$209M)
0.84% less ownership
Funds ownership: 104.69% → 103.85% (-0.84%)
5% less funds holding
Funds holding: 234 → 223 (-11)
20% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 35
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
68% less call options, than puts
Call options by funds: $542K | Put options by funds: $1.72M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$48.5M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$19.2M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$18.8M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$17.4M |
| 5 |
FAM
Fred Alger Management
New York
|
+$17.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
-$46M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$40.1M |
| 3 |
BCM
Brown Capital Management
Baltimore,
Maryland
|
-$12.6M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$8.98M |
| 5 |
MIM
MetLife Investment Management
Whippany,
New Jersey
|
-$7.95M |
BLKB Hedge Fund Activity: Q2 2019 in Review
223 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q2 2019, worth a combined $4.26B — up 5.2% from $4.05B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of BLKB and 28 opened new positions — a net loss of 7 holders — while 66 trimmed existing stakes and 86 added.
The largest buyer was Wellington Management Group, adding an estimated $48.5M. The largest seller was DF Dent & Co, exiting entirely with an estimated $46M sold.
- 223 institutional investors held Blackbaud (BLKB) as of Q2 2019, down from 234 in Q1 2019.
- Funds reported $4.26B of Blackbaud stock for Q2 2019, up 5.2% quarter-over-quarter.
- 28 funds opened new Blackbaud positions in Q2 2019 and 35 closed out, a net change of -7 holders.
- The largest Blackbaud buyer in Q2 2019 was Wellington Management Group, an estimated $48.5M added.
- The largest Blackbaud seller in Q2 2019 was DF Dent & Co, an estimated $46M sold.
Based on aggregated 13F filings for Q2 2019.