Blackbaud
BLKB
254 hedge funds and large institutions have $3.53B invested in Blackbaud in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 98 increasing their positions, 80 reducing their positions, and 20 closing their positions.
50% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 20
23% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 80
19% more capital invested
Capital invested by funds: $2.96B → $3.53B (+$573M)
3% more funds holding
Funds holding: 246 → 254 (+8)
1.08% more ownership
Funds ownership: 94.66% → 95.74% (+1.1%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
80% less call options, than puts
Call options by funds: $2.24M | Put options by funds: $11M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$17.8M |
| 2 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$11.2M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
+$6.59M |
| 4 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$6.35M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$6.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brown Capital Management
Baltimore,
Maryland
|
-$19.5M |
| 2 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$17.6M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
-$16.6M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$15.6M |
| 5 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$11.6M |
BLKB Hedge Fund Activity: Q1 2023 in Review
254 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q1 2023, worth a combined $3.53B — up 19% from $2.96B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new BLKB positions and 20 closed out — a net gain of 10 holders — while 98 added to existing stakes and 80 trimmed.
The largest buyer was Marshall Wace, adding an estimated $17.8M. The largest seller was Brown Capital Management, exiting entirely with an estimated $19.5M sold.
- 254 institutional investors held Blackbaud (BLKB) as of Q1 2023, up from 246 in Q4 2022.
- Funds reported $3.53B of Blackbaud stock for Q1 2023, up 19% quarter-over-quarter.
- 30 funds opened new Blackbaud positions in Q1 2023 and 20 closed out, a net change of +10 holders.
- The largest Blackbaud buyer in Q1 2023 was Marshall Wace, an estimated $17.8M added.
- The largest Blackbaud seller in Q1 2023 was Brown Capital Management, an estimated $19.5M sold.
Based on aggregated 13F filings for Q1 2023.