Blackbaud
BLKB
244 hedge funds and large institutions have $4.12B invested in Blackbaud in 2019 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 99 increasing their positions, 70 reducing their positions, and 24 closing their positions.
42% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 24
41% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 70
2.6% more ownership
Funds ownership: 102.54% → 105.14% (+2.6%)
2% more funds holding
Funds holding: 240 → 244 (+4)
10% less capital invested
Capital invested by funds: $4.55B → $4.12B (-$437M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
80% less call options, than puts
Call options by funds: $1.07M | Put options by funds: $5.49M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$20.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$19.2M |
| 3 |
Morgan Stanley
New York
|
+$17M |
| 4 |
VanEck Associates
New York
|
+$13.9M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
|
-$17.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$16.4M |
| 3 |
BCM
Brown Capital Management
Baltimore,
Maryland
|
-$15.3M |
| 4 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
-$4.71M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.95M |
BLKB Hedge Fund Activity: Q4 2019 in Review
244 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q4 2019, worth a combined $4.12B — down 9.6% from $4.55B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new BLKB positions and 24 closed out — a net gain of 10 holders — while 99 added to existing stakes and 70 trimmed.
The largest buyer was Echo Street Capital Management, adding an estimated $20.4M. The largest seller was Janus Henderson Group, cutting an estimated $17.8M.
- 244 institutional investors held Blackbaud (BLKB) as of Q4 2019, up from 240 in Q3 2019.
- Funds reported $4.12B of Blackbaud stock for Q4 2019, down 9.6% quarter-over-quarter.
- 34 funds opened new Blackbaud positions in Q4 2019 and 24 closed out, a net change of +10 holders.
- The largest Blackbaud buyer in Q4 2019 was Echo Street Capital Management, an estimated $20.4M added.
- The largest Blackbaud seller in Q4 2019 was Janus Henderson Group, an estimated $17.8M sold.
Based on aggregated 13F filings for Q4 2019.