Next Capital Management’s BlackRock TCP Capital TCPC Stock Holding History

Next Capital Management’s Portfolio TCPC Stock Details TCPC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$10.5M	Buy	3,130,285 +80,738	+3%	+$313K	2.84%	8
2026 Q1	$11M	Buy	3,049,547 +366,008	+14%	+$1.7M	3.33%	6
2025 Q4	$14.7M	Buy	2,683,539 +282,123	+12%	+$1.63M	4.7%	3
2025 Q3	$14.9M	Buy	2,401,416 +1,266,590	+112%	+$9.09M	4.97%	3
2025 Q2	$8.74M	Buy	1,134,826 +1,083,968	+2,131%	+$7.96M	3.23%	9
2025 Q1	$407K	Hold	50,858	–	–	0.2%	84
2024 Q4	$443K	Hold	50,858	–	–	0.18%	89
2024 Q3	$422K	Buy	50,858 +22,913	+82%	+$220K	0.17%	92
2024 Q2	$302K	Sell	27,945 -42,667	-60%	-$452K	0.13%	107
2024 Q1	$736K	Hold	70,612	–	–	0.3%	66
2023 Q4	$815K	Hold	70,612	–	–	0.35%	54
2023 Q3	$829K	Hold	70,612	–	–	0.37%	52
2023 Q2	$770K	Buy	70,612 +19,754	+39%	+$207K	0.36%	54
2023 Q1	$524K	Hold	50,858	–	–	0.25%	67
2022 Q4	$659K	Hold	50,858	–	–	0.36%	56
2022 Q3	$556K	Hold	50,858	–	–	0.42%	53
2022 Q2	$637K	Hold	50,858	–	–	0.46%	53
2022 Q1	$727K	Buy	50,858 +25,858	+103%	+$355K	0.49%	46
2021 Q4	$338K	Buy	+25,000	New	+$347K	0.23%	77

Other funds holding TCPC

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return

Victory Capital Management San Antonio, Texas $178B AUM 37.23% 1-Year Est. Return

Ares Management Los Angeles, California $2.29B AUM 0.27% 1-Year Est. Return

TCA

Transcend Capital Advisors Madison, New Jersey $1.48B AUM 25.55% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

CCM

Callodine Capital Management Boston, Massachusetts $1.53B AUM 18.8% 1-Year Est. Return

Legal & General Group London, United Kingdom $480B AUM 42.84% 1-Year Est. Return

Barings Charlotte, North Carolina $5.64B AUM 18.33% 1-Year Est. Return

Next Capital Management's TCPC Position: Q2 2026 in Review

Next Capital Management increased its BlackRock TCP Capital (TCPC) stake by 2.6% in Q2 2026, buying an estimated $313K and bringing the position to 3,130,285 shares worth $10.5M. The position accounts for 2.84% of the portfolio, ranked #8.

Next Capital Management first reported a position in TCPC in Q4 2021 and has held it in 19 quarters since. The position peaked at $14.9M in Q3 2025. 114 funds tracked by Wall St. Rank hold TCPC as of Q2 2026.

Next Capital Management held 3,130,285 shares of BlackRock TCP Capital worth $10.5M as of Q2 2026.
Next Capital Management bought 80,738 BlackRock TCP Capital shares in Q2 2026, an estimated $313K.
BlackRock TCP Capital made up 2.84% of Next Capital Management's portfolio in Q2 2026, its #8 holding.
Next Capital Management first reported a position in BlackRock TCP Capital in Q4 2021 and has held it in 19 quarters since.
Next Capital Management's BlackRock TCP Capital position peaked at $14.9M in Q3 2025.
114 funds tracked by Wall St. Rank held BlackRock TCP Capital as of Q2 2026.

Based on Next Capital Management's 13F filing for Q2 2026, filed 3 Aug 2026.