Backblaze
BLZE
95 hedge funds and large institutions have $95.2M invested in Backblaze in 2024 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 28 increasing their positions, 28 reducing their positions, and 25 closing their positions.
106% more call options, than puts
Call options by funds: $1.67M | Put options by funds: $809K
0% more funds holding
Funds holding: 95 → 95 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 25
0% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 28
1.49% less ownership
Funds ownership: 38.77% → 37.28% (-1.5%)
36% less capital invested
Capital invested by funds: $149M → $95.2M (-$53.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$15.4M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$3.8M |
| 3 |
First Eagle Investment Management
New York
|
+$2.87M |
| 4 |
State Street
Boston,
Massachusetts
|
+$2.75M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$7.49M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.42M |
| 3 |
Jane Street
New York
|
-$2.28M |
| 4 |
Goldman Sachs
New York
|
-$2.2M |
| 5 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
-$2.05M |
BLZE Hedge Fund Activity: Q2 2024 in Review
95 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Backblaze (BLZE) for Q2 2024, worth a combined $95.2M — down 36% from $149M a quarter earlier.
Fund positioning in BLZE was balanced in Q2 2024: 25 funds opened new positions, 25 closed out, 28 added to existing stakes and 28 trimmed.
The largest buyer was BlackRock, adding an estimated $15.4M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $7.49M sold.
- 95 institutional investors held Backblaze (BLZE) as of Q2 2024, unchanged from Q1 2024.
- Funds reported $95.2M of Backblaze stock for Q2 2024, down 36% quarter-over-quarter.
- 25 funds opened new Backblaze positions in Q2 2024 and 25 closed out, a net change of 0 holders.
- The largest Backblaze buyer in Q2 2024 was BlackRock, an estimated $15.4M added.
- The largest Backblaze seller in Q2 2024 was Driehaus Capital Management, an estimated $7.49M sold.
Based on aggregated 13F filings for Q2 2024.