Backblaze
BLZE
35 hedge funds and large institutions have $25.8M invested in Backblaze in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
13% more funds holding
Funds holding: 31 → 35 (+4)
3.56% more ownership
Funds ownership: 29.86% → 33.42% (+3.6%)
8% less capital invested
Capital invested by funds: $28.1M → $25.8M (-$2.28M)
26% less call options, than puts
Call options by funds: $127K | Put options by funds: $171K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
+$2.09M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$835K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$591K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$420K |
| 5 |
Millennium Management
New York
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$1.76M |
| 2 |
Renaissance Technologies
New York
|
-$112K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$27.2K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$19.7K |
| 5 |
BlackRock
New York
|
-$14.7K |
BLZE Hedge Fund Activity: Q1 2023 in Review
35 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Backblaze (BLZE) for Q1 2023, worth a combined $25.8M — down 8.1% from $28.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BLZE positions and 4 closed out — a net gain of 4 holders — while 14 added to existing stakes and 8 trimmed.
The largest buyer was Whetstone Capital Advisors, adding an estimated $2.09M. The largest seller was Clal Insurance, cutting an estimated $1.76M.
- 35 institutional investors held Backblaze (BLZE) as of Q1 2023, up from 31 in Q4 2022.
- Funds reported $25.8M of Backblaze stock for Q1 2023, down 8.1% quarter-over-quarter.
- 8 funds opened new Backblaze positions in Q1 2023 and 4 closed out, a net change of +4 holders.
- The largest Backblaze buyer in Q1 2023 was Whetstone Capital Advisors, an estimated $2.09M added.
- The largest Backblaze seller in Q1 2023 was Clal Insurance, an estimated $1.76M sold.
Based on aggregated 13F filings for Q1 2023.