Blackbaud
BLKB
240 hedge funds and large institutions have $4.55B invested in Blackbaud in 2019 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 79 increasing their positions, 78 reducing their positions, and 12 closing their positions.
150% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 12
20% more call options, than puts
Call options by funds: $6.66M | Put options by funds: $5.54M
8% more funds holding
Funds holding: 223 → 240 (+17)
7% more capital invested
Capital invested by funds: $4.26B → $4.55B (+$290M)
1% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 78
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.31% less ownership
Funds ownership: 103.85% → 102.54% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
+$21.3M |
| 2 |
JP Morgan Chase
New York
|
+$11.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.87M |
| 4 |
BlackRock
New York
|
+$4.36M |
| 5 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$4.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brown Capital Management
Baltimore,
Maryland
|
-$69.1M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.1M |
| 3 |
State Street
Boston,
Massachusetts
|
-$14.6M |
| 4 |
ESCM
Echo Street Capital Management
New York
|
-$10.4M |
| 5 |
Man Group
London,
United Kingdom
|
-$8.91M |
BLKB Hedge Fund Activity: Q3 2019 in Review
240 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q3 2019, worth a combined $4.55B — up 6.8% from $4.26B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new BLKB positions and 12 closed out — a net gain of 18 holders — while 79 added to existing stakes and 78 trimmed.
The largest buyer was Fred Alger Management, adding an estimated $21.3M. The largest seller was Brown Capital Management, cutting an estimated $69.1M.
- 240 institutional investors held Blackbaud (BLKB) as of Q3 2019, up from 223 in Q2 2019.
- Funds reported $4.55B of Blackbaud stock for Q3 2019, up 6.8% quarter-over-quarter.
- 30 funds opened new Blackbaud positions in Q3 2019 and 12 closed out, a net change of +18 holders.
- The largest Blackbaud buyer in Q3 2019 was Fred Alger Management, an estimated $21.3M added.
- The largest Blackbaud seller in Q3 2019 was Brown Capital Management, an estimated $69.1M sold.
Based on aggregated 13F filings for Q3 2019.