Vault-13

BLACKLINE INC BL 0.125 08.01.24

NOTE 0.125% 8/0 · US DOMESTIC · CUSIP 09239BAB5

27 institutional holders -2 vs Q1 2024
2,307,0002.3m shares reported held*
$238.8mreported value*
10 new 3 added 4 reduced 12 sold out net sold ≈ $61.9m (-6.0m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $103.52.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 35Q4 22: 33Q1 23: 31Q2 23: 32Q3 23: 28Q4 23: 31Q1 24: 29Q2 24: 2727Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202235
Q4 202233
Q1 202331
Q2 202332
Q3 202328
Q4 202331
Q1 202429
Q2 202427

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 12 bought or addedQ1 23: 12 cut or sold outQ2 23: 8 bought or addedQ2 23: 14 cut or sold outQ2 23Q3 23: 10 bought or addedQ3 23: 11 cut or sold outQ4 23: 12 bought or addedQ4 23: 9 cut or sold outQ4 23Q1 24: 11 bought or addedQ1 24: 10 cut or sold outQ2 24: 13 bought or addedQ2 24: 16 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221214
Q1 20231212
Q2 2023814
Q3 20231011
Q4 2023129
Q1 20241110
Q2 20241316

Biggest buyers

OSTERWEIS CAPITAL MANAGEMENT INC New +52,581,000+52.6m
GLAZER CAPITAL, LLC New +34,986,000+35.0m
Crossingbridge Advisors, LLC New +31,640,000+31.6m
Kohlberg Kravis Roberts & Co. L.P. New +3,000,000+3.0m
Radcliffe Capital Management, L.P. New +2,613,000+2.6m
WELLS FARGO & COMPANY/MN Added +2,412,000+2.4m
BARCLAYS PLC Added +2,123,000+2.1m
SSI INVESTMENT MANAGEMENT LLC New +2,000,000+2.0m
PIPER SANDLER & CO. New +1,536,000+1.5m
TRUIST FINANCIAL CORP New +1,500,000+1.5m

Biggest sellers

MORGAN STANLEY Reduced -52,822,000-52.8m
STEELHEAD PARTNERS LLC Sold out -40,000,000-40.0m
SHENKMAN CAPITAL MANAGEMENT INC Sold out -31,212,000-31.2m
MILLENNIUM MANAGEMENT LLC Sold out -28,000,000-28.0m
LAZARD ASSET MANAGEMENT LLC Sold out -18,000,000-18.0m
MIZUHO SECURITIES USA LLC Sold out -7,761,000-7.8m
BANK OF AMERICA CORP /DE/ Sold out -6,165,000-6.2m
DeepCurrents Investment Group LLC Sold out -5,400,000-5.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -3,500,000-3.5m
BlackRock Inc. Sold out -2,213,000-2.2m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OSTERWEIS CAPITAL MANAGEMENT INC 2.71% of their portfolio SAN FRANCISCO, CA 52,581,00052.6m $52.4m $52.4m 2.71% New
2 GLAZER CAPITAL, LLC 2.69% of their portfolio New York, NY 34,986,00035.0m $34.7m $34.7m 2.69% New
3 Crossingbridge Advisors, LLC 18.65% of their portfolio PLEASANTVILLE, NY 31,640,00031.6m $31.6m $31.6m 18.65% New
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 28,211,00028.2m $28.0m $28.0m 0.00% Reduced -52.8m -52,822,000
5 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 24,000,00024.0m $23.9m $23.9m 0.12% Unchanged
6 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 20,500,00020.5m $20.4m $20.4m 0.01% Unchanged
7 CAPSTONE INVESTMENT ADVISORS, LLC 0.42% of their portfolio NEW YORK, NY 19,500,00019.5m $19.4m $19.4m 0.42% Unchanged
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,314,0005.3m $5.3m $5.3m 0.00% Reduced -200.0k -200,000
9 Kohlberg Kravis Roberts & Co. L.P. 0.09% of their portfolio NEW YORK, NY 3,000,0003.0m $3.0m $3.0m 0.09% New
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,735,0002.7m $2.5m $2.5m 0.00% Added +2.4m +2,412,000
11 Radcliffe Capital Management, L.P. 0.51% of their portfolio BALA CYNWYD, PA 2,613,0002.6m $2.6m $2.6m 0.51% New
12 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,344,0002.3m $2.1m $2.1m 0.00% Added +2.1m +2,123,000
13 PALISADE CAPITAL MANAGEMENT, LP 0.06% of their portfolio FORT LEE, NJ 2,311,0002.3m $2.3m $2.3m 0.06% Reduced -73.0k -73,000
14 SSI INVESTMENT MANAGEMENT LLC 0.15% of their portfolio Los Angeles, CA 2,000,0002.0m $2.0m $2.0m 0.15% New
15 PIPER SANDLER & CO. 1.19% of their portfolio MINNEAPOLIS, MN 1,536,0001.5m $1.5m $1.5m 1.19% New
16 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,500,0001.5m $1.7m $1.7m 0.00% New
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 1,500,0001.5m $1.5m $1.5m 0.00% Reduced -3.5m -3,500,000
18 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 1,125,0001.1m $1.1m $1.1m 0.00% New
19 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $996.2k $996.2k 0.00% Unchanged
20 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 556,000556.0k $554.0k $554.0k 0.00% Unchanged
21 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 342,000342.0k $340.1k $340.1k 0.00% Added +18.0k +18,000
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 330,000330.0k $299.5k $299.5k 0.00% Unchanged
23 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 330,000330.0k $327.4k $327.4k 0.00% Unchanged
24 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 240,000240.0k $238.1k $238.1k 0.00% New
25 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 18,00018.0k $17.9k $17.9k 0.00% Unchanged
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 11,00011.0k $10.9k $10.9k 0.00% Unchanged
27 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged