Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Backblaze Inc (BLZE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +32
Streak
1Q ▲
Buyers last Q
68%

Smart Money Signals — BLZE

Based on 169 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BLZE 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 (100% of max)

100% of all-time peak
169 hedge funds hold BLZE 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.
🚀

Fast accumulation — +32% more funds vs a year ago

fund count last 6Q
+41 new funds entered over the past year (+32% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 68% buying

129 buying62 selling
Last quarter: 129 funds were net buyers (60 opened a brand new position + 69 added to an existing one). Only 62 were sellers (34 trimmed + 28 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+36 vs last Q)

new funds entering per quarter
Funds opening a new BLZE position: 40 → 31 → 24 → 60. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 33% long-term, 41% new

■ 33% conviction (2yr+) ■ 26% medium ■ 41% new
Of the 169 current holders: 55 (33%) held >2 years, 44 held 1–2 years, and 70 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Value +473% but shares only +23% — price-driven

Value
+473%
Shares
+23%
Last quarter: the total dollar value of institutional holdings rose +473%, but actual share count only changed +23%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

29 → 40 → 31 → 24 → 60 new funds/Q
New funds entering each quarter: 40 → 31 → 24 → 60. A growing number of institutions are discovering BLZE each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 37% veterans, 41% new entrants

■ 37% veterans ■ 21% 1-2yr ■ 41% new
Of 177 current holders: 66 (37%) held 2+ years, 38 held 1–2 years, 73 (41%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
41 of 165 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BLZE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — BLZE

In 2026 Q2, 129 hedge funds were net buyers of BLZE (60 opened a new position, 69 added to an existing one), while 62 reduced or exited (34 trimmed, 28 sold completely) — a 68% buyer ratio, indicating clear institutional accumulation. 43% of total institutional value in BLZE is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +32 funds (more new holders than closures). Total institutional holders: 169.

Hedge Fund Ownership: BLZE

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

Market Analysis: BLZE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BLZE

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 1 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: BLZE
164 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 164 137 19.71%
13F Shares 36M 29M 23.26%
Total Value $541M $95M 472.14%
New Positions 60 24 +36
Increased Positions 67 43 +24
Closed Positions 29 32 -3
Reduced Positions 32 46 -14
Total Calls 8 1 700.0%
Total Puts 4 3 33.33%
PUT/CALL Ratio 0.5 3.0 Bullish

Statistics: BLZE

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Financial Highlights

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Institutional Holders (2026 Q2)

164 + investors

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

QUARTER:
Top 25 BLZE holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pillsbury Lake Capital LLC 5.80% 1,339,837 $21.2M
2 P.A.W. Capital Corp 3.89% 320,000 $5.1M
3 Perkins Capital Management Inc 3.68% 308,725 $4.9M
4 AWM Investment Company, Inc. 1.93% 1,400,166 $22.2M
5 Scientech Research LLC 1.45% 112,471 $1.8M
6 Halter Ferguson Financial Inc. 1.18% 457,753 $7.3M
7 Scalar Gauge Management, LLC 0.66% 75,000 $1.2M
8 Nano Cap New Millennium Growth Fund L P 0.61% 50,000 $793K
9 Next Century Growth Investors LLC 0.58% 687,498 $10.9M
10 Penbrook Management LLC 0.54% 53,700 $852K
11 Kultura Capital Management LP 0.48% 167,100 $2.7M
12 Prelude Capital Management, LLC 0.37% 316,851 $5.0M
13 SLT Holdings LLC 0.30% 30,000 $476K
14 Driehaus Capital Management LLC 0.25% 2,688,044 $42.6M
15 Tru Independence Asset Management 2, LLC 0.19% 21,950 $348K
16 Regal Partners Ltd 0.14% 163,076 $2.6M
17 Informed Momentum Co LLC 0.13% 89,497 $1.4M
18 Integrated Quantitative Investments LLC 0.11% 44,212 $701K
19 R Squared Ltd 0.11% 13,666 $217K
20 Boothbay Fund Management, LLC 0.05% 242,386 $3.8M
21 Globeflex Capital L P 0.04% 20,363 $323K
22 PDT Partners, LLC 0.04% 48,780 $774K
23 Fox Run Management, L.L.C. 0.04% 14,856 $236K
24 Connor, Clark & Lunn Investment Management Ltd. 0.03% 1,156,752 $18.3M
25 Axq Capital, LP 0.03% 19,811 $314K
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 — Backblaze Inc (BLZE)

What does the Smart Money Trend signal show for BLZE?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BLZE 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 BLZE?

More buyers than sellers — 68% buying: Last quarter: 129 funds were net buyers (60 opened a brand new position + 69 added to an existing one). Only 62 were sellers (34 trimmed + 28 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BLZE holders?

Elite ownership — 43% AUM from top-100 funds: 41 of 165 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BLZE. 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 BLZE?

Mixed — 33% long-term, 41% new: Of the 169 current holders: 55 (33%) held >2 years, 44 held 1–2 years, and 70 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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