13FPulse
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BL

BL BLACKLINE INC

2026Q2 · CUSIP 09239B109 · Enterprise Software · Sector: Technology

Normal

Fund flows are within the usual range

Funds that own it
240
Institutions that reported holding it to the SEC
Net decrease in holders
36
Last quarter 276 → now 240
How unusual is that
Bottom 20%
Stronger than only 4% of US stocks
What the filings say, in one paragraph

240 funds held BL at the end of 2026Q2, down 36 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $732M(YoY +8.6%), the P/E is 57.5x, return on equity is 11.0%. BL has had 14 buying rushes in its history, and the price moved +17.9% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Enterprise Software.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2016Q4: holders=66 2017Q1: holders=65 2017Q2: holders=88 2017Q3: holders=88 2017Q4: holders=122 2018Q1: holders=156 2018Q2: holders=156 2018Q3: holders=176 2018Q4: holders=165 2019Q1: holders=196 2019Q2: holders=214 2019Q3: holders=214 2019Q4: holders=228 2020Q1: holders=240 2020Q2: holders=270 2020Q3: holders=294 2020Q4: holders=352 2021Q1: holders=352 2021Q2: holders=339 2021Q3: holders=336 2021Q4: holders=363 2022Q1: holders=327 2022Q2: holders=303 2022Q3: holders=293 2022Q4: holders=301 2023Q1: holders=314 2023Q2: holders=287 2023Q3: holders=296 2023Q4: holders=316 2024Q1: holders=301 2024Q2: holders=311 2024Q3: holders=288 2024Q4: holders=306 2025Q1: holders=277 2025Q2: holders=292 2025Q3: holders=271 2025Q4: holders=305 2026Q1: holders=276 2026Q2: holders=240 -65 -32.5 +0 +32.5 +65 58220382 16Q417Q418Q419Q420Q421Q422Q423Q424Q425Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 14 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q4 Top 20% -16.7% —
2023Q1 Top 20% -6.1% +3.8%
2021Q4 Top 20% -21.5% -6.4%
2020Q4 Top 10% -20.6% -17.0%
2020Q3 Top 10% +15.2% -3.0%
2020Q2 Top 20% +42.4% +72.8%
2020Q1 Top 10% +16.7% +66.2%
2019Q2 Top 10% +1.6% +36.0%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
120
Change in large funds
-8
Total value they hold
$1.7B
Funds buying for the first time
43
Funds that sold out entirely
79
Price change that quarter
+8.1%
Funds holding puts (bearish)
6
Funds holding calls (bullish)
6

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
57.5
EPS (TTM)
$0.56
EPS YoY
-56.6%
Revenue (TTM)
$0.7B
Revenue YoY
+8.6%
Net margin
4.8%
ROE
11.0%
Debt ratio
76.8%
FCF (TTM)
$177M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.23 2021-12-31: EPS -0.63 2022-03-31: EPS -0.17 2022-06-30: EPS -0.18 2022-09-30: EPS -0.34 2022-12-31: EPS 0.20 2023-03-31: EPS -0.20 2023-06-30: EPS 0.45 2023-09-30: EPS 0.19 2023-12-31: EPS 0.37 2024-03-31: EPS 0.17 2024-06-30: EPS 0.22 2024-09-30: EPS 0.27 2024-12-31: EPS 0.79 2025-03-31: EPS 0.10 2025-06-30: EPS 0.13 2025-09-30: EPS 0.09 2025-12-31: EPS 0.07 2026-03-31: EPS 0.13 2026-06-30: EPS 0.27 0M 94M 188M $M -0.69 0.09 0.87 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 55 32 259 486 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-6M28M63M 20162017201820192020202120222023202420252026
Latest quarter $44M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.