Backblaze
BLZE
38 hedge funds and large institutions have $22.6M invested in Backblaze in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 7 closing their positions.
208% more call options, than puts
Call options by funds: $74K | Put options by funds: $24K
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
9% more funds holding
Funds holding: 35 → 38 (+3)
9.01% less ownership
Funds ownership: 33.42% → 24.4% (-9%)
12% less capital invested
Capital invested by funds: $25.8M → $22.6M (-$3.21M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
+$2.32M |
| 2 |
BlackRock
New York
|
+$766K |
| 3 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
+$689K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$455K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$3.69M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$512K |
| 3 |
Millennium Management
New York
|
-$219K |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$185K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$133K |
BLZE Hedge Fund Activity: Q2 2023 in Review
38 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Backblaze (BLZE) for Q2 2023, worth a combined $22.6M — down 12% from $25.8M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BLZE positions and 7 closed out — a net gain of 3 holders — while 14 added to existing stakes and 10 trimmed.
The largest buyer was Whetstone Capital Advisors, adding an estimated $2.32M. The largest seller was Clal Insurance, cutting an estimated $3.69M.
- 38 institutional investors held Backblaze (BLZE) as of Q2 2023, up from 35 in Q1 2023.
- Funds reported $22.6M of Backblaze stock for Q2 2023, down 12% quarter-over-quarter.
- 10 funds opened new Backblaze positions in Q2 2023 and 7 closed out, a net change of +3 holders.
- The largest Backblaze buyer in Q2 2023 was Whetstone Capital Advisors, an estimated $2.32M added.
- The largest Backblaze seller in Q2 2023 was Clal Insurance, an estimated $3.69M sold.
Based on aggregated 13F filings for Q2 2023.