Backblaze
BLZE
95 hedge funds and large institutions have $149M invested in Backblaze in 2024 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 37 increasing their positions, 17 reducing their positions, and 6 closing their positions.
1,981% more call options, than puts
Call options by funds: $9.32M | Put options by funds: $448K
383% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 6
118% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 17
83% more capital invested
Capital invested by funds: $81.5M → $149M (+$67.6M)
32% more funds holding
Funds holding: 72 → 95 (+23)
10.19% more ownership
Funds ownership: 28.57% → 38.77% (+10%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$6.77M |
| 2 |
Millennium Management
New York
|
+$3.65M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$3.44M |
| 4 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
+$3.31M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$3.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIC
AWM Investment Company
New York
|
-$8.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.7M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$1.19M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$705K |
| 5 |
6CM
683 Capital Management
New York
|
-$265K |
BLZE Hedge Fund Activity: Q1 2024 in Review
95 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Backblaze (BLZE) for Q1 2024, worth a combined $149M — up 83% from $81.5M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new BLZE positions and 6 closed out — a net gain of 23 holders — while 37 added to existing stakes and 17 trimmed.
The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $6.77M. The largest seller was AWM Investment Company, exiting entirely with an estimated $8.1M sold.
- 95 institutional investors held Backblaze (BLZE) as of Q1 2024, up from 72 in Q4 2023.
- Funds reported $149M of Backblaze stock for Q1 2024, up 83% quarter-over-quarter.
- 29 funds opened new Backblaze positions in Q1 2024 and 6 closed out, a net change of +23 holders.
- The largest Backblaze buyer in Q1 2024 was Driehaus Capital Management, an estimated $6.77M added.
- The largest Backblaze seller in Q1 2024 was AWM Investment Company, an estimated $8.1M sold.
Based on aggregated 13F filings for Q1 2024.