Backblaze
BLZE
35 hedge funds and large institutions have $25.8M invested in Backblaze in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
13% more funds holding
Funds holding: 31 → 35 (+4)
3.56% more ownership
Funds ownership: 29.86% → 33.42% (+3.6%)
8% less capital invested
Capital invested by funds: $28.1M → $25.8M (-$2.28M)
26% less call options, than puts
Call options by funds: $127K | Put options by funds: $171K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
+$2.09M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$835K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$591K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$420K |
| 5 |
Millennium Management
New York
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$1.76M |
| 2 |
Renaissance Technologies
New York
|
-$112K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$27.2K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$19.7K |
| 5 |
BlackRock
New York
|
-$14.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Qube Research & Technologies (QRT)
London,
United Kingdom
| $54.2K | +$65.1K | +10,733 | New |
|
|
DTL
27
Dynamic Technology Lab
Singapore
| $51K | +$60.8K | +10,023 | New |
|
|
UB
28
UMB Bank
Kansas City,
Missouri
| $40.2K | – | – | – |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $15K | +$8.12K | +1,339 | +82% |
|
30
Bank of America
Charlotte,
North Carolina
| $8.63K | +$10.2K | +1,682 | +6,230% |
|
|
SPIA
31
Steward Partners Investment Advisory
New York
| $7.58K | – | – | – |
|
32
JP Morgan Chase
New York
| $5K | +$6.59K | +1,087 | New |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| $4K | -$9.78K | -1,614 | -70% |
|
34
Osaic Holdings
Scottsdale,
Arizona
| $1.76K | +$1.64K | +270 | +342% |
|
35
Wells Fargo
San Francisco,
California
| $434 | -$588 | -97 | -53% |
|
|
36
UBS Group
Zurich,
Switzerland
| – | -$19.7K | -3,201 | Closed |
|
|
FCT
37
First Community Trust
Dubuque,
Iowa
| – | -$6K | -1,050 | Closed |
|
|
NA
38
NewEdge Advisors
New Orleans,
Louisiana
| – | -$2.17K | -353 | Closed |
|
39
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1.6K | -260 | Closed |
|
BLZE Hedge Fund Activity: Q1 2023 in Review
35 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Backblaze (BLZE) for Q1 2023, worth a combined $25.8M — down 8.1% from $28.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BLZE positions and 4 closed out — a net gain of 4 holders — while 14 added to existing stakes and 8 trimmed.
The largest buyer was Whetstone Capital Advisors, adding an estimated $2.09M. The largest seller was Clal Insurance, cutting an estimated $1.76M.
- 35 institutional investors held Backblaze (BLZE) as of Q1 2023, up from 31 in Q4 2022.
- Funds reported $25.8M of Backblaze stock for Q1 2023, down 8.1% quarter-over-quarter.
- 8 funds opened new Backblaze positions in Q1 2023 and 4 closed out, a net change of +4 holders.
- The largest Backblaze buyer in Q1 2023 was Whetstone Capital Advisors, an estimated $2.09M added.
- The largest Backblaze seller in Q1 2023 was Clal Insurance, an estimated $1.76M sold.
Based on aggregated 13F filings for Q1 2023.