Blackbaud
BLKB
272 hedge funds and large institutions have $3.73B invested in Blackbaud in 2024 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 86 increasing their positions, 99 reducing their positions, and 30 closing their positions.
33% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 30
4% more funds holding
Funds holding: 262 → 272 (+10)
0.01% more ownership
Funds ownership: 93.97% → 93.97% (+0.01%)
13% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 99
15% less capital invested
Capital invested by funds: $4.39B → $3.73B (-$662M)
27% less call options, than puts
Call options by funds: $667K | Put options by funds: $919K
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$42.5M |
| 2 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$12.6M |
| 3 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$10.3M |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$9.7M |
| 5 |
SCM
Simcoe Capital Management
New York
|
+$7.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$50.3M |
| 2 |
PCP
P2 Capital Partners
New York
|
-$25.3M |
| 3 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
-$25M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$19.8M |
| 5 |
BBL
Beck Bode LLC
Dedham,
Massachusetts
|
-$7.92M |
BLKB Hedge Fund Activity: Q1 2024 in Review
272 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q1 2024, worth a combined $3.73B — down 15% from $4.39B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new BLKB positions and 30 closed out — a net gain of 10 holders — while 86 added to existing stakes and 99 trimmed.
The largest buyer was ArrowMark Colorado Holdings, opening a new position worth an estimated $42.5M. The largest seller was Fidelity Investments, cutting an estimated $50.3M.
- 272 institutional investors held Blackbaud (BLKB) as of Q1 2024, up from 262 in Q4 2023.
- Funds reported $3.73B of Blackbaud stock for Q1 2024, down 15% quarter-over-quarter.
- 40 funds opened new Blackbaud positions in Q1 2024 and 30 closed out, a net change of +10 holders.
- The largest Blackbaud buyer in Q1 2024 was ArrowMark Colorado Holdings, an estimated $42.5M added.
- The largest Blackbaud seller in Q1 2024 was Fidelity Investments, an estimated $50.3M sold.
Based on aggregated 13F filings for Q1 2024.