BlackRock Capital Allocation Term Trust (BCAT)

• Market cap: $1.74B
• 1 day: -0.49%
• 5 days: -0.55%
• 1 month: 0.50%
• 3 months: -0.86%
• 6 months: -1.58%
• Year to date: 8.86%
• 1 year: 9.59%
• 5 years: -18.90%
• 10 years: -18.90%

About: BlackRock Capital Allocation Trust is a non-diversified, closed-end management investment company. The investment objective is to provide total return and income through a combination of current income, current gains and long-term capital appreciation.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

6% less funds holding

Funds holding: 84 [Q2] → 79 (-5) [Q3]

9.28% less ownership

Funds ownership: 42.2% [Q2] → 32.92% (-9.28%) [Q3]

22% less capital invested

Capital invested by funds: $749M [Q2] → $585M (-$164M) [Q3]

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

42% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 36