Vault-13

BLACKLINE INC BL 0 03.15.26

NOTE 3/1 · US DOMESTIC · CUSIP 09239BAD1

60 institutional holders -3 vs Q1 2023
78,413,00078.4m shares reported held*
$969.7mreported value*
5 new 21 added 14 reduced 7 sold out net sold ≈ $6.9m (+14.9m 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.40.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 64Q4 22: 68Q1 23: 63Q2 23: 6060Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202264
Q4 202268
Q1 202363
Q2 202360

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 25 bought or addedQ4 22: 24 cut or sold outQ4 22Q1 23: 27 bought or addedQ1 23: 38 cut or sold outQ1 23Q2 23: 26 bought or addedQ2 23: 21 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222524
Q1 20232738
Q2 20232621

Biggest buyers

TENOR CAPITAL MANAGEMENT Co., L.P. Added +32,398,000+32.4m
Opti Capital Management, LP Added +26,000,000+26.0m
Linden Advisors LP Added +16,500,000+16.5m
STEELHEAD PARTNERS LLC Added +11,000,000+11.0m
D. E. Shaw & Co., Inc. Added +11,000,000+11.0m
Elliott Investment Management L.P. Added +10,000,000+10.0m
Monashee Investment Management LLC New +10,000,000+10.0m
Irenic Capital Management LP Added +6,000,000+6.0m
OAKTREE CAPITAL MANAGEMENT LP Added +5,425,000+5.4m
CITIGROUP INC Added +5,143,000+5.1m

Biggest sellers

SOROS FUND MANAGEMENT LLC Reduced -79,000,000-79.0m
Nuveen Asset Management, LLC Sold out -15,500,000-15.5m
WOLVERINE ASSET MANAGEMENT LLC Sold out -12,493,000-12.5m
MARSHALL WACE, LLP Reduced -10,000,000-10.0m
HBK INVESTMENTS L P Reduced -10,000,000-10.0m
Point72 Asset Management, L.P. Sold out -10,000,000-10.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -6,094,000-6.1m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -5,605,000-5.6m
AVIVA PLC Sold out -5,400,000-5.4m
WELLS FARGO & COMPANY/MN Sold out -3,988,000-4.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 1.00% of their portfolio New York, NY 112,429,000112.4m $95.5m $95.5m 1.00% Added +16.5m +16,500,000
2 Lynrock Lake LP 3.29% of their portfolio RYE BROOK, NY 92,276,00092.3m $78.5m $78.5m 3.29% Unchanged
3 D. E. Shaw & Co., Inc. 0.11% of their portfolio New York, NY 83,534,00083.5m $71.0m $71.0m 0.11% Added +11.0m +11,000,000
4 TENOR CAPITAL MANAGEMENT Co., L.P. 1.19% of their portfolio NEW YORK, NY 67,000,00067.0m $57.0m $57.0m 1.19% Added +32.4m +32,398,000
5 Opti Capital Management, LP 4.21% of their portfolio New York, NY 58,500,00058.5m $49.8m $49.8m 4.21% Added +26.0m +26,000,000
6 Calamos Advisors LLC 0.22% of their portfolio NAPERVILLE, IL 50,000,00050.0m $42.5m $42.5m 0.22% Unchanged
7 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 47,815,00047.8m $40.7m $40.7m 0.04% Unchanged
8 ADVENT CAPITAL MANAGEMENT /DE/ 0.80% of their portfolio NEW YORK, NY 46,848,00046.8m $39.9m $39.9m 0.80% Reduced -6.1m -6,094,000
9 CAMDEN ASSET MANAGEMENT L P /CA 1.36% of their portfolio Los Angeles, CA 46,475,00046.5m $39.3m $39.3m 1.36% Added +400.0k +400,000
10 Polar Capital Holdings Plc 0.25% of their portfolio London, X0 42,250,00042.2m $36.0m $36.0m 0.25% Added +1.5m +1,500,000
11 SOROS FUND MANAGEMENT LLC 0.74% of their portfolio NEW YORK, NY 40,000,00040.0m $34.1m $34.1m 0.74% Reduced -79.0m -79,000,000
12 STEELHEAD PARTNERS LLC 2.16% of their portfolio SEATTLE, WA 40,000,00040.0m $34.0m $34.0m 2.16% Added +11.0m +11,000,000
13 Aequim Alternative Investments LP 1.25% of their portfolio MILL VALLEY, CA 39,000,00039.0m $33.2m $33.2m 1.25% Unchanged
14 Elliott Investment Management L.P. 0.38% of their portfolio WEST PALM BEACH, FL 37,150,00037.1m $31.5m $31.5m 0.38% Added +10.0m +10,000,000
15 FMR LLC 0.00% of their portfolio BOSTON, MA 35,799,00035.8m $30.3m $30.3m 0.00% Reduced -2.1m -2,139,000
16 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 35,000,00035.0m $29.8m $29.8m 0.04% Unchanged
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 25,576,00025.6m $21.7m $21.7m 0.00% Added +2.0m +2,000,000
18 Davidson Kempner Capital Management LP 0.43% of their portfolio New York, NY 24,000,00024.0m $20.3m $20.3m 0.43% Unchanged
19 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 19,435,00019.4m $16.4m $16.4m 0.03% Reduced -23.0k -23,000
20 SONA ASSET MANAGEMENT (US) LLC 3.38% of their portfolio NEW YORK, NY 17,000,00017.0m $14.5m $14.5m 3.38% Added +5.0m +5,000,000
21 SHENKMAN CAPITAL MANAGEMENT INC 0.91% of their portfolio NEW YORK, NY 13,765,00013.8m $11.7m $11.7m 0.91% Reduced -5.6m -5,605,000
22 OAKTREE CAPITAL MANAGEMENT LP 0.13% of their portfolio LOS ANGELES, CA 11,613,00011.6m $9.9m $9.9m 0.13% Added +5.4m +5,425,000
23 HBK INVESTMENTS L P 0.31% of their portfolio DALLAS, TX 11,596,00011.6m $9.9m $9.9m 0.31% Reduced -10.0m -10,000,000
24 Irenic Capital Management LP 3.23% of their portfolio NEW YORK, NY 11,000,00011.0m $9.4m $9.4m 3.23% Added +6.0m +6,000,000
25 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 10,000,00010.0m $8.5m $8.5m 0.02% Reduced -10.0m -10,000,000
26 Monashee Investment Management LLC 2.03% of their portfolio Boston, MA 10,000,00010.0m $8.5m $8.5m 2.03% New
27 READYSTATE ASSET MANAGEMENT LP 0.84% of their portfolio CHICAGO, IL 10,000,00010.0m $8.5m $8.5m 0.84% Added +3.0m +3,000,000
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 7,595,0007.6m $6.5m $6.5m 0.00% Reduced -1.2m -1,208,000
29 ABSOLUTE INVESTMENT ADVISERS, LLC 0.90% of their portfolio ROSEMARY BEACH, FL 7,500,0007.5m $6.4m $6.4m 0.90% Unchanged
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,342,0007.3m $6.2m $6.2m 0.00% Added +350.0k +350,000
31 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 6,640,0006.6m $1.4m $1.4m 0.00% Added +3.6m +3,640,000
32 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,634,0006.6m $5.6m $5.6m 0.01% Unchanged
33 BlackRock Inc. 0.00% of their portfolio New York, NY 6,540,0006.5m $5.5m $5.5m 0.00% Reduced -150.0k -150,000
34 Amundi 0.00% of their portfolio Paris, I0 6,000,0006.0m $5.1m $5.1m 0.00% Unchanged
35 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 5,809,0005.8m $4.9m $4.9m 0.01% Added +5.1m +5,143,000
36 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio SAN FRANCISCO, CA 5,000,0005.0m $4.3m $4.3m 0.03% Unchanged
37 Bellecapital International Ltd. 1.00% of their portfolio ZURICH, V8 4,858,0004.9m $4.1m $4.1m 1.00% Reduced -146.0k -146,000
38 Flow State Investments, L.P. 1.71% of their portfolio CHICAGO, IL 4,775,0004.8m $4.1m $4.1m 1.71% New
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,720,0004.7m $4.0m $4.0m 0.00% Unchanged
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,882,0003.9m $3.3m $3.3m 0.00% Added +3.6m +3,584,000
41 Paloma Partners Management Co 0.59% of their portfolio GREENWICH, CT 3,000,0003.0m $2.6m $2.6m 0.59% Unchanged
42 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 2,953,0003.0m $2.5m $2.5m 0.00% Added +1.1m +1,051,000
43 Akaris Global Partners, LP 0.54% of their portfolio NEW YORK, NY 2,405,0002.4m $2.0m $2.0m 0.54% New
44 WATER ISLAND CAPITAL LLC 0.16% of their portfolio NEW YORK, NY 2,000,0002.0m $1.7m $1.7m 0.16% Unchanged
45 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,950,0001.9m $1.7m $1.7m 0.00% Unchanged
46 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 953,000953.0k $810.6k $810.6k 0.00% New
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 550,000550.0k $468.1k $468.1k 0.00% Added +260.0k +260,000
48 Pinnacle Holdings, LLC 0.19% of their portfolio TULSA, OK 500,000500.0k $423.1k $423.1k 0.19% Unchanged
49 MacKay Shields LLC 0.01% of their portfolio New York, NY 480,000480.0k $408.6k $408.6k 0.01% Unchanged
50 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 315,000315.0k $266.6k $266.6k 0.00% Reduced -2.7m -2,721,000
51 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 100,000100.0k $84.0k $84.0k 0.00% New
52 Oaktree Fund Advisors, LLC 0.03% of their portfolio LOS ANGLES, CA 47,00047.0k $40.0k $40.0k 0.03% Added +22.0k +22,000
53 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 31,00031.0k $26.0k $26.0k 0.00% Unchanged
54 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 14,00014.0k $11.8k $11.8k 0.00% Reduced -7.0k -7,000
55 Verition Fund Management LLC 0.14% of their portfolio GREENWICH, CT 10,18010.2k $8.7m $8.7m 0.14% Added +542 +542
56 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,00010.0k $8.5k $8.5k 0.00% Unchanged
57 Context Capital Management, LLC 0.57% of their portfolio LAJOLLA, CA 7,4607.5k $6.3m $6.3m 0.57% Reduced -4.0k -4,000
58 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 5,0005.0k $426.0k $426.0k 0.00% Reduced -4.1k -4,100
59 Alken Asset Management Ltd 0.02% of their portfolio LONDON, X0 700700 $597 $597 0.02% Unchanged
60 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged