Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BACKBLAZE INC (BLZE)

143 + Investors. Track Smart Money conviction in BLZE. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
1Q ▼
Buyers last Q
57%

Smart Money Signals — BLZE

Based on 140 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BLZE positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
140 hedge funds hold BLZE right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +20% more funds vs a year ago

fund count last 6Q
+23 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

91 buying70 selling
Last quarter: 91 funds bought or added vs 70 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 18 → 28 → 39 → 28. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 32% long-term, 29% new

32% conviction (2yr+) 39% medium 29% new
Of the 140 current holders: 45 (32%) held >2 years, 54 held 1–2 years, and 41 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares +9%, value -45%

Value
-44%
Shares
+9%
Last quarter: funds added +9% more shares while total portfolio value only changed -45%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

27 → 18 → 28 → 39 → 28 new funds/Q
New funds entering each quarter: 18 → 28 → 39 → 28. A growing number of institutions are discovering BLZE each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 38% veterans, 36% new entrants

38% veterans 26% 1-2yr 36% new
Of 143 current holders: 55 (38%) held 2+ years, 37 held 1–2 years, 51 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
26 of 140 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: BLZE

How many hedge funds hold BLZE — quarterly history vs. share price
Quarterly hedge fund ownership of BLZE vs. share price

Market Analysis: BLZE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BLZE

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

27 top-rated funds 1 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: BLZE
2026 Q1 Stats Unlock in 20 days 143 + Investors

Track Smart Money conviction in BLZE. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 143 147 -2.72%
13F Shares 33M 30M 9.0%
Total Value $154M $279M -44.63%
New Positions 28 39 -11
Increased Positions 65 50 +15
Closed Positions 33 19 +14
Reduced Positions 40 41 -1
Total Calls 2 3 -33.33%
Total Puts 2 0 100%
PUT/CALL Ratio 1.0 0.0 Neutral

Statistics: BLZE

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

143 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BLZE. Verified SEC 13F-HR filings.

Top 20 institutional holders of BLZE — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 P.A.W. CAPITAL CORP 3.38% 360,000 $1.2M
2 PERKINS CAPITAL MANAGEMENT INC 1.10% 339,025 $1.2M
3 Penbrook Management LLC 0.19% 72,150 $249K
4 R Squared Ltd 0.05% 24,436 $84K
5 AlphaQuest LLC 0.00% 16,925 $79K
6 Meramec Financial Planners, LLC 0.00% 1,850 $8K
7 Cambridge Investment Research Advisors, Inc. 0.00% 44,926
8 Police & Firemen's Retirement System of New Jersey 0.00% 13,560 $47K
9 Marquette Asset Management, LLC 0.00% 762 $3K
10 True Wealth Design, LLC 0.00% 203
11 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% 18,407 $67K
12 IFP Advisors, Inc 0.00% 1,569 $5K
13 Nuveen, LLC 0.00% 71,143 $245K
14 Root Financial Partners, LLC 0.00% 309 $1K
15 GAMMA Investing LLC 0.00% 280
16 SBI Securities Co., Ltd. 0.00% 369 $1K
17 HM PAYSON & CO 0.00% 500 $2K
18 Sterling Capital Management LLC 0.00% 369 $1K
19 SJS Investment Consulting Inc. 0.00% 36
20 Farther Finance Advisors, LLC 0.00% 280 $1K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — BACKBLAZE INC (BLZE)

What does the Smart Money Trend signal show for BLZE?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BLZE positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BLZE?

Slight buying edge — 57% buying: Last quarter: 91 funds bought or added vs 70 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BLZE holders?

Strong quality — 28% AUM from major funds: 26 of 140 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BLZE?

Mixed — 32% long-term, 29% new: Of the 140 current holders: 45 (32%) held >2 years, 54 held 1–2 years, and 41 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.