Backblaze
BLZE
72 hedge funds and large institutions have $81.5M invested in Backblaze in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 32 increasing their positions, 8 reducing their positions, and 5 closing their positions.
3,238% more call options, than puts
Call options by funds: $434K | Put options by funds: $13K
340% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 5
300% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 8
90% more capital invested
Capital invested by funds: $42.8M → $81.5M (+$38.7M)
29% more funds holding
Funds holding: 56 → 72 (+16)
7.01% more ownership
Funds ownership: 21.57% → 28.57% (+7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.05M |
| 2 |
BlackRock
New York
|
+$1.5M |
| 3 |
Two Sigma Advisers
New York
|
+$1.37M |
| 4 |
First Eagle Investment Management
New York
|
+$1.32M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EI
EAM Investors
Solana Beach,
California
|
-$1.01M |
| 2 |
KLC
Kent Lake Capital
Reno,
Nevada
|
-$423K |
| 3 |
CM
CastleKnight Management
New York
|
-$179K |
| 4 |
GS
Gagnon Securities
New York
|
-$92.6K |
| 5 |
BFA
Brendel Financial Advisors
Hanover,
New Hampshire
|
-$75K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
S
76
SignatureFD
Atlanta,
Georgia
| – | -$2.2K | -400 | Closed |
|
77
Fidelity Investments
Boston,
Massachusetts
| – | -$105 | -19 | Closed |
|
BLZE Hedge Fund Activity: Q4 2023 in Review
72 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Backblaze (BLZE) for Q4 2023, worth a combined $81.5M — up 90% from $42.8M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BLZE positions and 5 closed out — a net gain of 17 holders — while 32 added to existing stakes and 8 trimmed.
The largest buyer was Millennium Management, adding an estimated $2.05M. The largest seller was EAM Investors, cutting an estimated $1.01M.
- 72 institutional investors held Backblaze (BLZE) as of Q4 2023, up from 56 in Q3 2023.
- Funds reported $81.5M of Backblaze stock for Q4 2023, up 90% quarter-over-quarter.
- 22 funds opened new Backblaze positions in Q4 2023 and 5 closed out, a net change of +17 holders.
- The largest Backblaze buyer in Q4 2023 was Millennium Management, an estimated $2.05M added.
- The largest Backblaze seller in Q4 2023 was EAM Investors, an estimated $1.01M sold.
Based on aggregated 13F filings for Q4 2023.