Blackbaud
BLKB
260 hedge funds and large institutions have $3.6B invested in Blackbaud in 2023 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 73 increasing their positions, 98 reducing their positions, and 31 closing their positions.
23% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 31
2% more funds holding
Funds holding: 254 → 260 (+6)
2% more capital invested
Capital invested by funds: $3.53B → $3.6B (+$72.4M)
1.74% less ownership
Funds ownership: 95.74% → 94.01% (-1.7%)
26% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 98
42% less call options, than puts
Call options by funds: $932K | Put options by funds: $1.62M
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$22.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.6M |
| 3 |
Morgan Stanley
New York
|
+$12.5M |
| 4 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$11.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$9.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$48.8M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$23.8M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$23.3M |
| 4 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$16.3M |
| 5 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
-$9.67M |
BLKB Hedge Fund Activity: Q2 2023 in Review
260 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q2 2023, worth a combined $3.6B — up 2% from $3.53B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new BLKB positions and 31 closed out — a net gain of 7 holders — while 73 added to existing stakes and 98 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $22.4M. The largest seller was Champlain Investment Partners, exiting entirely with an estimated $48.8M sold.
- 260 institutional investors held Blackbaud (BLKB) as of Q2 2023, up from 254 in Q1 2023.
- Funds reported $3.6B of Blackbaud stock for Q2 2023, up 2% quarter-over-quarter.
- 38 funds opened new Blackbaud positions in Q2 2023 and 31 closed out, a net change of +7 holders.
- The largest Blackbaud buyer in Q2 2023 was T. Rowe Price Associates, an estimated $22.4M added.
- The largest Blackbaud seller in Q2 2023 was Champlain Investment Partners, an estimated $48.8M sold.
Based on aggregated 13F filings for Q2 2023.