undamentalytics Newsletter

Backblaze, Inc.: which funds bought and sold

Institutions that bought and sold Backblaze shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 121 institutions that filed 13F reports for both quarters added to or opened positions in Backblaze, and 57 cut or closed them. Together they added a net 6.2M shares, +21.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 3.3M shares (+42.4%); index fund managers were net buyers of 1.5M shares (+15.1%). 54 opened a new position and 24 sold out entirely.

Bought, Q2 2026 121 institutions, 54 of them new holders Sold, Q2 2026 57 institutions, 24 of them sold out
Net change, all compared +6.2M shares (+21.5%)
Net change, active managers +3.3M shares (+42.4%), 27 bought, 13 sold

Buyers versus sellers

institutions compared, 188
Active managers and hedge funds 27 bought · 13 sold · +3.3M
Index fund managers 8 bought · 1 sold · +1.5M
Other institutions 86 bought · 43 sold · +1.4M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Driehaus Capital Management LLC Active manager +2.7M New position 2.7M $42.6M
Blackrock, Inc. Index funds +1.0M +28.2% 4.7M $74.9M
Next Century Growth Investors LLC +687K New position 687K $10.9M
Nuveen, LLC +507K +712.2% 578K $9.2M
Halter Ferguson Financial Inc. +458K New position 458K $7.3M
Jump Financial, LLC +411K +700.7% 469K $7.4M
AQR Capital Management LLC Hedge fund +388K +58.5% 1.1M $16.7M
Millennium Management LLC Hedge fund +372K +301.6% 495K $7.9M
Qube Research & Technologies Ltd Hedge fund +334K +77.2% 766K $12.2M
Connor, Clark & Lunn Investment Management Ltd. +323K +38.8% 1.2M $18.3M
FMR LLC Active manager +307K +652.0% 354K $5.6M
Marshall Wace, LLP Hedge fund +255K +413.9% 316K $5M
Arrowstreet Capital, Limited Partnership Hedge fund +250K +83.0% 550K $8.7M
Morgan Stanley +249K +156.7% 408K $6.5M
Raymond James Financial Inc +234K +1446.6% 250K $4M
Trexquant Investment LP Hedge fund +226K New position 226K $3.6M
HRT Financial LP +195K New position 195K $3.1M
Geode Capital Management, LLC Index funds +180K +13.4% 1.5M $24.2M
Vanguard Capital Management LLC Index funds +170K +7.3% 2.5M $39.9M
Regal Partners Ltd +163K New position 163K $2.6M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Whetstone Capital Advisors, LLC −1.5M Sold out 0 —
D. E. Shaw & Co., Inc. Hedge fund −689K −93.2% 50K $795,379
Pillsbury Lake Capital LLC −621K −31.7% 1.3M $21.2M
Point72 Asset Management, L.P. Hedge fund −541K Sold out 0 —
Renaissance Technologies LLC Hedge fund −410K −35.0% 763K $12.1M
Citadel Advisors LLC Hedge fund −305K Sold out 0 —
Nano Cap New Millennium Growth Fund L P −245K −83.1% 50K $793,000
Castleknight Management LP Hedge fund −207K −70.6% 86K $1.4M
Gsa Capital Partners LLP −191K Sold out 0 —
Jacobs Levy Equity Management, Inc Active manager −175K Sold out 0 —
Numerai Gp LLC −160K Sold out 0 —
Prelude Capital Management, LLC −157K −33.2% 317K $5M
Boothbay Fund Management, LLC Hedge fund −114K −32.0% 242K $3.8M
Vanguard Portfolio Management LLC Index funds −94K −13.3% 614K $9.7M
UBS Group AG −88K −29.1% 216K $3.4M
Jane Street Group, LLC −76K Sold out 0 —
Engineers Gate Manager LP Hedge fund −56K Sold out 0 —
Russell Investments Group, Ltd. −51K −75.0% 17K $268,209
Barclays PLC −48K −49.2% 50K $793,064
Xtx Topco Ltd −46K −36.5% 80K $1.3M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Driehaus Capital Management LLCActive manager 2.7M $42.6M
Next Century Growth Investors LLC 687K $10.9M
Halter Ferguson Financial Inc. 458K $7.3M
Trexquant Investment LPHedge fund 226K $3.6M
HRT Financial LP 195K $3.1M
Regal Partners Ltd 163K $2.6M
Franklin Resources IncActive manager 129K $2M
Scientech Research LLC 112K $1.8M
Balyasny Asset Management L.P.Hedge fund 94K $1.5M
Informed Momentum Co LLC 89K $1.4M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Whetstone Capital Advisors, LLC 1.5M $5.2M
Point72 Asset Management, L.P.Hedge fund 541K $1.9M
Citadel Advisors LLCHedge fund 305K $1.1M
Gsa Capital Partners LLP 191K $659,000
Jacobs Levy Equity Management, IncActive manager 175K $602,287
Numerai Gp LLC 160K $553,028
Jane Street Group, LLC 76K $262,076
Engineers Gate Manager LPHedge fund 56K $192,972
Centiva Capital, LPHedge fund 40K $138,797
Stoneridge Investment Partners LLC 37K $126,000

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
167
Ten largest holders
54.6%
of 13F-reported shares
Index fund managers
33.0%
of 13F-reported shares
Active managers and hedge funds
30.7%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 27 13 12 7 +3.3M +42.4%
Index fund managers 8 1 0 0 +1.5M +15.1%
Other institutions 86 43 42 17 +1.4M +13.0%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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