BLACKBAUD INC BLKB
COM · Common Stock · CUSIP 09227Q100 · ISIN US09227Q1004
Supplier of software and services specifically designed for nonprofit organizations
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersCharleston, SC
- Founded1981
- Websiteblackbaud.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.3m this quarter). Holder counts are more reliable. Shares outstanding: 48.5m as of 2025-07-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $64.21. Options: 3 managers hold calls ($1.1m notional), 3 hold puts ($474.3k).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 248 |
| Q4 2022 | 246 |
| Q1 2023 | 255 |
| Q2 2023 | 260 |
| Q3 2023 | 258 |
| Q4 2023 | 262 |
| Q1 2024 | 272 |
| Q2 2024 | 284 |
| Q3 2024 | 283 |
| Q4 2024 | 277 |
| Q1 2025 | 280 |
| Q2 2025 | 290 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 97 | 129 |
| Q4 2023 | 113 | 123 |
| Q1 2024 | 121 | 130 |
| Q2 2024 | 119 | 136 |
| Q3 2024 | 118 | 134 |
| Q4 2024 | 106 | 138 |
| Q1 2025 | 130 | 137 |
| Q2 2025 | 145 | 128 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $843.7k | $871.4k | 1.03 |
| Q4 2024 | $849.3k | $1.3m | 1.56 |
| Q1 2025 | $242.0k | $594.9k | 2.46 |
| Q2 2025 | $1.1m | $474.3k | 0.43 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +428.6k |
| MORGAN STANLEY | Added | +256.4k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | New | +211.4k |
| Greenhouse Funds LLLP | Added | +203.3k |
| CITADEL ADVISORS LLC | Added | +170.9k |
| Van Berkom & Associates Inc. | Added | +147.6k |
| SHAPIRO CAPITAL MANAGEMENT LLC | New | +120.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +92.0k |
| ExodusPoint Capital Management, LP | New | +91.1k |
| HRT FINANCIAL LP | Added | +87.0k |
Biggest sellers
| VANGUARD GROUP INC | Reduced | -763.2k |
| JANUS HENDERSON GROUP PLC | Reduced | -426.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -379.1k |
| Nuveen, LLC | Reduced | -281.3k |
| ArrowMark Colorado Holdings LLC | Reduced | -253.4k |
| AMERICAN CAPITAL MANAGEMENT INC | Reduced | -217.3k |
| BlackRock, Inc. | Reduced | -88.2k |
| FMR LLC | Reduced | -87.2k |
| UBS Group AG | Reduced | -73.4k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -67.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $982.4k15.3k shares |
| SIMPLEX TRADING, LLC | New | $121.0k1.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $340.3k5.3k shares |
| SIMPLEX TRADING, LLC | Added | $134.0k2.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-27 | 12.3% |
| MORGAN STANLEY 13G · institution +0.9 pts · filed 2026-06-05 | 10.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.6% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 4 | $3.3m | $1.2m |
| Q4 2023 | 0 | — | 4 | $1.4m | — |
| Q1 2024 | 0 | — | 5 | $4.7m | $2.9m |
| Q2 2024 | 0 | — | 4 | $4.9m | $1.2m |
| Q3 2024 | 0 | — | 6 | $4.8m | $2.9m |
| Q4 2024 | 0 | — | 5 | $7.4m | $3.4m |
| Q1 2025 | 0 | — | 2 | $375.0k | $121.5k |
| Q2 2025 | 0 | — | 2 | $1.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-16 | Anderson Chad Executive VP and CFO | Sold | $351.9k5.5k shares |
| 2025-05-02 | Olson Jon W SVP and General Counsel | Sold | $654.2k10.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| CLEARLAKE CAPITAL GROUP, L.P. 58.15% of their portfolio | 9.8m $626.2m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 5.1m $330.2m | Reduced -88.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 4.8m $308.8m | Reduced -763.2k |
| MORGAN STANLEY 0.02% of their portfolio | 4.7m $304.7m | Added +256.4k |
| JANUS HENDERSON GROUP PLC 0.05% of their portfolio | 1.7m $108.8m | Reduced -426.1k |
| STATE STREET CORP 0.00% of their portfolio | 1.6m $104.3m | Reduced -44.1k |
| GENEVA CAPITAL MANAGEMENT LLC 1.31% of their portfolio | 1.2m $78.4m | Added +75.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.0m $64.3m | Added +1.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 992.3k $63.7m | Reduced -3.4k |
| ArrowMark Colorado Holdings LLC 1.14% of their portfolio | 984.8k $63.2m | Reduced -253.4k |
| Greenhouse Funds LLLP 1.90% of their portfolio | 706.4k $45.4m | Added +203.3k |
| Van Berkom & Associates Inc. 1.28% of their portfolio | 669.6k $43.0m | Added +147.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 638.4k $41.0m | Reduced -35.0k |
| PALISADE CAPITAL MANAGEMENT, LP 1.04% of their portfolio | 569.7k $36.6m | Reduced -16.3k |
| P2 Capital Partners, LLC 6.35% of their portfolio | 490.8k $31.5m | Added +44.5k |
| NORGES BANK 0.00% of their portfolio | 490.6k $31.5m | Unchanged |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.11% of their portfolio | 487.9k $31.3m | Added +192 |
| Bank of New York Mellon Corp 0.01% of their portfolio | 484.0k $31.1m | Added +44.5k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 469.0k $30.1m | Added +428.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 463.4k $29.8m | Added +1.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 441.9k $28.4m | Reduced -4.2k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 420.9k $27.0m | Added +13.0k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.08% of their portfolio | 316.0k $20.3m | Unchanged |
| Clearline Capital LP 1.73% of their portfolio | 307.0k $19.7m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 300.3k $19.3m | Added +705 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 298.3k $19.2m | Added +92.0k |
| Tributary Capital Management, LLC 1.51% of their portfolio | 265.5k $17.0m | Reduced -18.6k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 260.9k $16.8m | Added +4.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 236.3k $15.2m | Reduced -31.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 227.4k $14.6m | Added +170.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 227.1k $14.6m | Reduced -2.1k |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC 2.05% of their portfolio | 211.4k $13.6m | New |
| Indaba Capital Management, L.P. 9.15% of their portfolio | 193.0k $12.4m | Unchanged |
| Penn Capital Management Company, LLC 1.05% of their portfolio | 188.0k $12.1m | Reduced -10.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 163.4k $10.5m | Reduced -49.0k |
| Calamos Advisors LLC 0.04% of their portfolio | 163.0k $10.5m | Added +26.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 159.2k $10.2m | Reduced -33.1k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 153.0k $9.8m | Added +85.8k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 150.7k $9.7m | Reduced -9.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 147.4k $9.5m | Added +16.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 144.2k $9.3m | Added +42.5k |
| Nuveen, LLC 0.00% of their portfolio | 135.4k $8.7m | Reduced -281.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 130.7k $8.4m | Added +1.0k |
| FMR LLC 0.00% of their portfolio | 128.8k $8.3m | Reduced -87.2k |
| Cubist Systematic Strategies, LLC 0.09% of their portfolio | 128.5k $8.3m | Added +42.1k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 127.6k $8.2m | Added +914 |
| SHAPIRO CAPITAL MANAGEMENT LLC 0.34% of their portfolio | 120.3k $7.7m | New |
| Sone Capital Management, LLC 0.70% of their portfolio | 117.5k $7.5m | Added +64.0k |
| HRT FINANCIAL LP 0.04% of their portfolio | 111.2k $7.1m | Added +87.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 97.0k $6.2m | Added +83.5k |
| Invesco Ltd. 0.00% of their portfolio | 95.1k $6.1m | Added +4.9k |
| ExodusPoint Capital Management, LP 0.07% of their portfolio | 91.1k $5.8m | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 91.0k $5.8m | Added +12 |
| Man Group plc 0.01% of their portfolio | 89.1k $5.7m | Added +39.0k |
| Squarepoint Ops LLC 0.01% of their portfolio | 87.3k $5.6m | Added +76.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 86.6k $5.6m | Reduced -12.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 85.6k $5.5m | Reduced -13.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 84.9k $5.5m | Added +3.0k |
| BARCLAYS PLC 0.00% of their portfolio | 82.9k $5.3m | Added +21.2k |
| BECKER CAPITAL MANAGEMENT INC 0.16% of their portfolio | 80.8k $5.2m | Reduced -12.1k |
| Swiss National Bank 0.00% of their portfolio | 75.3k $4.8m | Reduced -3.4k |
| UBS Group AG 0.00% of their portfolio | 71.4k $4.6m | Reduced -73.4k |
| SG Capital Management LLC 0.37% of their portfolio | 68.2k $4.4m | New |
| Legal & General Group Plc 0.00% of their portfolio | 67.4k $4.3m | Reduced -36 |
| FRED ALGER MANAGEMENT, LLC 0.02% of their portfolio | 67.4k $4.3m | Reduced -70 |
| KESTREL INVESTMENT MANAGEMENT CORP 2.45% of their portfolio | 63.6k $4.1m | Reduced -3.0k |
| Verition Fund Management LLC 0.02% of their portfolio | 62.4k $4.0m | Added +48.3k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 58.8k $3.8m | Added +28.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 55.2k $3.5m | Reduced -6.4k |
| MCMORGAN & CO LLC 0.51% of their portfolio | 54.4k $3.5m | Added +2.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 53.9k $3.5m | Added +5.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 53.8k $3.5m | Reduced -67.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 53.0k $3.4m | Reduced -379.1k |
| AMERICAN CAPITAL MANAGEMENT INC 0.14% of their portfolio | 52.9k $3.4m | Reduced -217.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 51.5k $3.3m | Added +17.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 50.1k $3.2m | Unchanged |
| Triodos Investment Management BV 0.24% of their portfolio | 50.0k $3.2m | Added +7.5k |
| CORBYN INVESTMENT MANAGEMENT INC/MD 1.07% of their portfolio | 49.6k $3.2m | Added +5.1k |
| AGF MANAGEMENT LTD 0.01% of their portfolio | 48.6k $3.1m | New |
| Retirement Systems of Alabama 0.01% of their portfolio | 46.1k $3.0m | Reduced -232 |
| MetLife Investment Management, LLC 0.02% of their portfolio | 42.8k $2.8m | Reduced -876 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 40.8k $2.6m | Reduced -2.4k |
| MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio | 38.7k $2.5m | Added +4.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 38.0k $2.4m | Added +82 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 34.8k $2.2m | Reduced -6.5k |
| CITIGROUP INC 0.00% of their portfolio | 34.1k $2.2m | Reduced -12.6k |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 33.6k $2.2m | Reduced -10.1k |
| FIRST NATIONAL BANK OF OMAHA 0.14% of their portfolio | 33.6k $2.2m | Added +490 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 33.5k $2.2m | Reduced -68 |
| CAPITAL FUND MANAGEMENT S.A. 0.02% of their portfolio | 33.4k $2.1m | Added +13.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 33.2k $2.1m | Reduced -36.6k |
| CREDIT INDUSTRIEL ET COMMERCIAL 0.34% of their portfolio | 33.1k $2.1m | Added +5.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 30.2k $1.9m | Added +29.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 29.5k $1.9m | Reduced -6.7k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.03% of their portfolio | 29.0k $1.9m | Added +2.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 28.7k $1.8m | Added +13.4k |
| Henshaw Capital LLC 0.07% of their portfolio | 28.3k $1.8m | Unchanged |
| Edgestream Partners, L.P. 0.05% of their portfolio | 28.1k $1.8m | Added +17.0k |
| HARBOR CAPITAL ADVISORS, INC. 0.08% of their portfolio | 27.9k $1.8m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 26.9k $1.7m | Added +403 |