Vault-13

BLACKLINE INC BL 0 03.15.26

NOTE 3/1 · US DOMESTIC · CUSIP 09239BAD1

29 institutional holders -32 vs Q1 2024
14,277,00014.3m shares reported held*
$215.7mreported value*
5 new 2 added 11 reduced 36 sold out net sold ≈ $847.2m (-94.2m 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 ≈ $15.11.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 64Q4 22: 68Q1 23: 63Q2 23: 60Q3 23: 63Q4 23: 63Q1 24: 61Q2 24: 2929Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202264
Q4 202268
Q1 202363
Q2 202360
Q3 202363
Q4 202363
Q1 202461
Q2 202429

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 25 bought or addedQ4 22: 24 cut or sold outQ4 22Q1 23: 27 bought or addedQ1 23: 38 cut or sold outQ2 23: 26 bought or addedQ2 23: 21 cut or sold outQ2 23Q3 23: 22 bought or addedQ3 23: 27 cut or sold outQ4 23: 30 bought or addedQ4 23: 25 cut or sold outQ4 23Q1 24: 22 bought or addedQ1 24: 26 cut or sold outQ2 24: 7 bought or addedQ2 24: 47 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222524
Q1 20232738
Q2 20232621
Q3 20232227
Q4 20233025
Q1 20242226
Q2 2024747

Biggest buyers

WATER ISLAND CAPITAL LLC Added +8,000,000+8.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +8,000,000+8.0m
PALISADE CAPITAL MANAGEMENT, LP New +4,675,000+4.7m
Jefferies Financial Group Inc. New +2,529,000+2.5m
Pinnacle Holdings, LLC New +500,000+500.0k
GOLDMAN SACHS GROUP INC New +89,000+89.0k
Context Capital Management, LLC Added +8,360+8.4k

Biggest sellers

Linden Advisors LP Sold out -145,695,000-145.7m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -96,986,000-97.0m
D. E. Shaw & Co., Inc. Reduced -88,128,000-88.1m
Opti Capital Management, LP Sold out -70,666,000-70.7m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -60,742,000-60.7m
Calamos Advisors LLC Sold out -58,467,000-58.5m
Radcliffe Capital Management, L.P. Reduced -50,600,000-50.6m
VOYA INVESTMENT MANAGEMENT LLC Sold out -47,640,000-47.6m
STEELHEAD PARTNERS LLC Sold out -47,500,000-47.5m
CAMDEN ASSET MANAGEMENT L P /CA Sold out -44,555,000-44.6m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 0.63% of their portfolio NEW YORK, NY 43,884,00043.9m $40.1m $40.1m 0.63% Reduced -97.0m -96,986,000
2 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 31,899,00031.9m $29.1m $29.1m 0.02% Reduced -33.6m -33,601,000
3 Aequim Alternative Investments LP 1.04% of their portfolio MILL VALLEY, CA 31,000,00031.0m $28.5m $28.5m 1.04% Unchanged
4 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 20,856,00020.9m $19.0m $19.0m 0.03% Reduced -88.1m -88,128,000
5 Elliott Investment Management L.P. 0.13% of their portfolio WEST PALM BEACH, FL 15,100,00015.1m $13.8m $13.8m 0.13% Reduced -2.9m -2,900,000
6 Ewing Morris & Co. Investment Partners Ltd. 6.78% of their portfolio TORONTO, Z4 11,612,00011.6m $10.7m $10.7m 6.78% Unchanged
7 WATER ISLAND CAPITAL LLC 1.13% of their portfolio NEW YORK, NY 11,071,00011.1m $10.7m $10.7m 1.13% Added +8.0m +8,000,000
8 READYSTATE ASSET MANAGEMENT LP 0.44% of their portfolio CHICAGO, IL 10,000,00010.0m $9.2m $9.2m 0.44% Reduced -8.0m -8,000,000
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 8,000,0008.0m $7.3m $7.3m 0.01% New
10 Radcliffe Capital Management, L.P. 0.99% of their portfolio BALA CYNWYD, PA 5,500,0005.5m $5.0m $5.0m 0.99% Reduced -50.6m -50,600,000
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,190,0005.2m $4.7m $4.7m 0.00% Reduced -20.2m -20,241,000
12 PALISADE CAPITAL MANAGEMENT, LP 0.12% of their portfolio FORT LEE, NJ 4,675,0004.7m $4.3m $4.3m 0.12% New
13 Bellecapital International Ltd. 0.70% of their portfolio ZURICH, V8 3,631,0003.6m $3.3m $3.3m 0.70% Unchanged
14 Jefferies Financial Group Inc. 0.05% of their portfolio NEW YORK, NY 2,529,0002.5m $2.3m $2.3m 0.05% New
15 AVIVA PLC 0.01% of their portfolio LONDON, X0 2,250,0002.2m $2.1m $2.1m 0.01% Unchanged
16 CI INVESTMENTS INC. 0.01% of their portfolio TORONTO, Z4 2,065,0002.1m $1.9m $1.9m 0.01% Unchanged
17 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,450,0001.4m $1.3m $1.3m 0.00% Reduced -500.0k -500,000
18 ADVENT CAPITAL MANAGEMENT /DE/ 0.03% of their portfolio NEW YORK, NY 1,176,0001.2m $1.1m $1.1m 0.03% Reduced -60.7m -60,742,000
19 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 750,000750.0k $684.8k $684.8k 0.00% Reduced -3.3m -3,346,000
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 738,000738.0k $673.8k $673.8k 0.00% Reduced -3.6m -3,562,000
21 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 600,000600.0k $546.0k $546.0k 0.00% Unchanged
22 Pinnacle Holdings, LLC 0.19% of their portfolio TULSA, OK 500,000500.0k $456.5k $456.5k 0.19% New
23 MacKay Shields LLC 0.01% of their portfolio New York, NY 480,000480.0k $440.6k $440.6k 0.01% Unchanged
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 89,00089.0k $81.3k $81.3k 0.00% New
25 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 38,00038.0k $34.7k $34.7k 0.03% Unchanged
26 Context Capital Management, LLC 0.39% of their portfolio LAJOLLA, CA 11,72211.7k $10.8m $10.8m 0.39% Added +8.4k +8,360
27 K2 PRINCIPAL FUND, L.P. 1.21% of their portfolio TORONTO, A6 6,0006.0k $5.5m $5.5m 1.21% Unchanged
28 Chicago Capital Management, LLC 1.77% of their portfolio CHICAGO, IL 2,5002.5k $2.3m $2.3m 1.77% Unchanged
29 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged