Blackbaud
BLKB
262 hedge funds and large institutions have $4.39B invested in Blackbaud in 2023 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 82 increasing their positions, 89 reducing their positions, and 34 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
24% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 34
23% more capital invested
Capital invested by funds: $3.58B → $4.39B (+$807M)
2% more funds holding
Funds holding: 257 → 262 (+5)
0.54% less ownership
Funds ownership: 94.51% → 93.97% (-0.54%)
8% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 89
97% less call options, than puts
Call options by funds: $9K | Put options by funds: $295K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$25.7M |
| 2 |
ClearBridge Investments
New York
|
+$20.1M |
| 3 |
BlackRock
New York
|
+$13.4M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
+$7.68M |
| 5 |
Morgan Stanley
New York
|
+$6.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$44M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
-$15.8M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$12.1M |
| 4 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$11.9M |
| 5 |
VanEck Associates
New York
|
-$7.79M |
BLKB Hedge Fund Activity: Q4 2023 in Review
262 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q4 2023, worth a combined $4.39B — up 23% from $3.58B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new BLKB positions and 34 closed out — a net gain of 8 holders — while 82 added to existing stakes and 89 trimmed.
The largest buyer was Invesco, adding an estimated $25.7M. The largest seller was Fidelity Investments, cutting an estimated $44M.
- 262 institutional investors held Blackbaud (BLKB) as of Q4 2023, up from 257 in Q3 2023.
- Funds reported $4.39B of Blackbaud stock for Q4 2023, up 23% quarter-over-quarter.
- 42 funds opened new Blackbaud positions in Q4 2023 and 34 closed out, a net change of +8 holders.
- The largest Blackbaud buyer in Q4 2023 was Invesco, an estimated $25.7M added.
- The largest Blackbaud seller in Q4 2023 was Fidelity Investments, an estimated $44M sold.
Based on aggregated 13F filings for Q4 2023.