Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Blackline Inc (BL)

272 + Investors. Track Smart Money conviction in BL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -28
Streak
1Q ▼
Buyers last Q
44%

Smart Money Signals — BL

Based on 274 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
274 funds currently hold this stock — 88% of the 3.0-year high of 310 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BL is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 44% buying

143 buying180 selling
Last quarter: 180 funds reduced or exited vs 143 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 56 → 34 → 66 → 54. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 19% medium ■ 23% new
160 out of 274 hedge funds have held BL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -3%, value -35%

Value
-35%
Shares
-2%
Last quarter: funds added -3% more shares while total portfolio value only changed -35%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

40 → 56 → 34 → 66 → 54 new funds/Q
New funds entering each quarter: 56 → 34 → 66 → 54. A growing number of institutions are discovering BL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 63% veterans vs 24% newcomers

■ 63% veterans ■ 13% 1-2yr ■ 24% new
Entry-cohort mix of 290 holders: 184 (63%) are 2+ year veterans, 37 entered 1–2 years ago, and 69 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
50 of 272 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BL

In 2026 Q1, 143 hedge funds were net buyers of BL (54 opened a new position, 89 added to an existing one), while 180 reduced or exited (98 trimmed, 82 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. 43% of total institutional value in BL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -28 funds (more exits than new entries). Total institutional holders: 274.

Hedge Fund Ownership: BL

How many hedge funds hold BL — quarterly history vs. share price
Quarterly hedge fund ownership of BL vs. share price

Market Analysis: BL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Blackline Inc (BL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BL has moved relative to its sector benchmark (XLK) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 46d ago
BL
+8.8%
XLK
-0.3%

BL outperformed XLK by +9.1% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 1d ago
BL
+0.0%
XLK
+0.0%

Since the filing became public, BL outperformed XLK by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

19 top-rated funds 4 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: BL
2026 Q2 Stats Unlock in 4 days 272 + Investors

Track Smart Money conviction in BL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 272 302 -9.93%
13F Shares 65M 67M -2.77%
Total Value $2.39B $3.71B -35.39%
New Positions 54 66 -12
Increased Positions 85 77 +8
Closed Positions 82 32 +50
Reduced Positions 96 119 -23
Total Calls 11 8 37.5%
Total Puts 7 7 -
PUT/CALL Ratio 0.64 0.88 Bullish

Statistics: BL

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

272 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BL. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 BL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Clearlake Capital Group, L.P. 30.33% 5,712,300 $160.3M
2 Fivespan Partners, LP 22.25% 3,363,943 $94.4M
3 Engaged Capital LLC 7.10% 827,619 $23.2M
4 Potrero Capital Research LLC 3.72% 238,590 $6.7M
5 Tejara Capital Ltd 2.76% 239,237 $6.7M
6 Tensile Capital Management LP 2.69% 694,846 $19.5M
7 Gagnon Advisors, LLC 2.32% 130,050 $3.7M
8 Gagnon Securities LLC 2.03% 375,769 $10.5M
9 Lynrock Lake LP 1.89% 1,066,666 $29.9M
10 ICONIQ Capital, LLC 1.69% 2,087,081 $58.6M
11 Ewing Morris & Co. Investment Partners Ltd. 1.39% 95,000 $2.7M
12 Westerly Capital Management, LLC 1.30% 250,000 $7.0M
13 Hawk Ridge Capital Management LP 1.08% 1,197,966 $33.6M
14 Lavelle Capital LP 0.59% 49,181 $1.4M
15 Portman Square Capital LLP 0.58% 439,800 $12.3M
16 Fund 1 Investments, LLC 0.58% 125,000 $3.5M
17 Barton Investment Management 0.48% 125,977 $3.5M
18 Redmond Asset Management, LLC 0.30% 42,204 $1.2M
19 Westwood Holdings Group Inc 0.28% 1,318,230 $37.0M
20 Palisade Capital Management, LP 0.26% 210,544 $5.9M
21 Geneva Capital Management LLC 0.25% 389,591 $10.9M
22 P Schoenfeld Asset Management LP 0.25% 21,500 $604K
23 Unique Wealth Strategies, LLC 0.22% 10,357 $573K
24 First Manhattan CO. LLC. 0.17% 2,403,510 $67.5M
25 Schwartz Investment Counsel Inc 0.16% 175,000 $4.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Blackline Inc (BL)

What does the Smart Money Trend signal show for BL?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BL?

More sellers than buyers — 44% buying: Last quarter: 180 funds reduced or exited vs 143 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BL holders?

Elite ownership — 43% AUM from top-100 funds: 50 of 272 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BL?

58% of holders stayed for 2+ years: 160 out of 274 hedge funds have held BL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Blackline Inc (BL) following the 2026 Q2 hedge fund 13F filings?

As of today, BL has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLK sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), BL has gained +8.8% vs -0.3% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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