Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BLACKLINE INC (BL)

297 + 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
↑ +35
Streak
1Q ▲
Buyers last Q
48%

Smart Money Signals — BL

Based on 283 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
283 hedge funds hold BL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

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 (-2 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 48% buying

136 buying147 selling
Last quarter: 147 funds reduced or exited vs 136 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.
📈

More new buyers each quarter (+35 vs last Q)

new funds entering per quarter
Funds opening a new BL position: 37 → 53 → 30 → 65. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 20% medium ■ 21% new
167 out of 283 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.
➡️

Steady discovery — ~65 new funds/quarter

54 → 37 → 53 → 30 → 65 new funds/Q
New funds entering each quarter: 37 → 53 → 30 → 65. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 9% 1-2yr ■ 25% new
Of 297 current holders: 195 (66%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
37 of 283 holders are among the 100 largest funds by AUM, controlling 40% 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.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 2025 Q4, 136 hedge funds were net buyers of BL (65 opened a new position, 71 added to an existing one), while 147 reduced or exited (117 trimmed, 30 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 40% of total institutional value in BL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +35 funds (more new holders than closures). Total institutional holders: 283.

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

Technology Software - Application

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

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

44 top-rated funds 3 high-conviction
Consensus
7.2
/ 10
breadth
×
Elite
2.8
/ 10
conviction
Hedge Fund Positioning: BL
2026 Q1 Stats Unlock in 8 days 297 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 297 260 14.23%
13F Shares 67M 64M 3.48%
Total Value $3.67B $3.41B 7.81%
New Positions 68 30 +38
Increased Positions 81 113 -32
Closed Positions 32 55 -23
Reduced Positions 134 112 +22
Total Calls 8 7 14.29%
Total Puts 7 6 16.67%
PUT/CALL Ratio 0.88 0.86 Neutral

Statistics: BL

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

297 + investors

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

Top 25 institutional holders of BL — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gagnon Advisors, LLC 3.54% 130,050 $4.8M
2 GAGNON SECURITIES LLC 2.53% 296,424 $11.0M
3 Tejara Capital Ltd 1.98% 162,300 $6.0M
4 Conestoga Capital Advisors, LLC 1.25% 1,685,484 $62.4M
5 Ewing Morris & Co. Investment Partners Ltd. 1.00% 60,000 $2.2M
6 Barton Investment Management 0.74% 158,644 $5.9M
7 Portman Square Capital LLP 0.63% 440,200 $16.3M
8 Redmond Asset Management, LLC 0.45% 44,570 $1.6M
9 GENEVA CAPITAL MANAGEMENT LLC 0.38% 478,086 $17.7M
10 Yorktown Management & Research Co Inc 0.34% 11,000 $407K
11 HUSSMAN STRATEGIC ADVISORS, INC. 0.34% 42,000 $1.6M
12 SCHWARTZ INVESTMENT COUNSEL INC 0.23% 175,000 $6.5M
13 Granite Investment Partners, LLC 0.19% 82,990 $3.1M
14 Pacific Park Financial, Inc. 0.16% 6,726 $249K
15 HARBOR CAPITAL ADVISORS, INC. 0.15% 50,330 $2K
16 SUMMIT SECURITIES GROUP LLC 0.11% 25,000 $925K
17 Bayforest Capital Ltd 0.10% 2,514 $93K
18 NICHOLAS COMPANY, INC. 0.10% 141,155 $5.2M
19 FNY Investment Advisers, LLC 0.08% 5,220 —
20 JUPITER ASSET MANAGEMENT LTD 0.08% 390,787 $14.5M
21 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.05% 124,085 $4.6M
22 SUMMIT SECURITIES GROUP LLC 0.05% 10,000 $370K
23 WESBANCO BANK INC 0.04% 41,400 $1.5M
24 MCMORGAN & CO LLC 0.04% 6,000 $222K
25 AlphaQuest LLC 0.03% 11,265 $623K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BL?

More sellers than buyers — 48% buying: Last quarter: 147 funds reduced or exited vs 136 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 — 40% AUM from top-100 funds: 37 of 283 holders are among the 100 largest funds by AUM, controlling 40% 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?

59% of holders stayed for 2+ years: 167 out of 283 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.

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.