Backblaze
BLZE
111 hedge funds and large institutions have $115M invested in Backblaze in 2025 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 51 increasing their positions, 29 reducing their positions, and 21 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
76% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 29
1.88% less ownership
Funds ownership: 45.84% → 43.96% (-1.9%)
6% less funds holding
Funds holding: 118 → 111 (-7)
11% less call options, than puts
Call options by funds: $313K | Put options by funds: $352K
18% less capital invested
Capital invested by funds: $140M → $115M (-$24.5M)
24% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.28M |
| 2 |
AIC
AWM Investment Company
New York
|
+$1.61M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.58M |
| 4 |
Millennium Management
New York
|
+$1.25M |
| 5 |
Morgan Stanley
New York
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
-$3.22M |
| 2 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$1.6M |
| 3 |
Squarepoint
New York
|
-$1.05M |
| 4 |
Renaissance Technologies
New York
|
-$972K |
| 5 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
-$903K |
BLZE Hedge Fund Activity: Q1 2025 in Review
111 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Backblaze (BLZE) for Q1 2025, worth a combined $115M — down 18% from $140M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of BLZE and 16 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 51 added.
The largest buyer was BlackRock, adding an estimated $2.28M. The largest seller was Whetstone Capital Advisors, cutting an estimated $3.22M.
- 111 institutional investors held Backblaze (BLZE) as of Q1 2025, down from 118 in Q4 2024.
- Funds reported $115M of Backblaze stock for Q1 2025, down 18% quarter-over-quarter.
- 16 funds opened new Backblaze positions in Q1 2025 and 21 closed out, a net change of -5 holders.
- The largest Backblaze buyer in Q1 2025 was BlackRock, an estimated $2.28M added.
- The largest Backblaze seller in Q1 2025 was Whetstone Capital Advisors, an estimated $3.22M sold.
Based on aggregated 13F filings for Q1 2025.