BlackRock Capital Allocation Term Trust
BCAT
27 hedge funds and large institutions have $111M invested in BlackRock Capital Allocation Term Trust in 2020 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 2 closing their positions.
600% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 2
218% more capital invested
Capital invested by funds: $34.9M → $111M (+$76.1M)
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
80% more funds holding
Funds holding: 15 → 27 (+12)
3.41% more ownership
Funds ownership: 1.71% → 5.12% (+3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$31.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$23.6M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$13.8M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.54M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
TFG Asset Management
Grand Cayman,
Cayman Islands
|
-$2.46M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.05M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$125K |
| 4 |
HCA
Harbour Capital Advisors
Tysons Corner,
Virginia
|
-$10.6K |
BCAT Hedge Fund Activity: Q4 2020 in Review
27 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q4 2020, worth a combined $111M — up 218% from $34.9M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BCAT positions and 2 closed out — a net gain of 12 holders — while 6 added to existing stakes and 2 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $31.2M. The largest seller was TFG Asset Management, exiting entirely with an estimated $2.46M sold.
- 27 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q4 2020, up from 15 in Q3 2020.
- Funds reported $111M of BlackRock Capital Allocation Term Trust stock for Q4 2020, up 218% quarter-over-quarter.
- 14 funds opened new BlackRock Capital Allocation Term Trust positions in Q4 2020 and 2 closed out, a net change of +12 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q4 2020 was Morgan Stanley, an estimated $31.2M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q4 2020 was TFG Asset Management, an estimated $2.46M sold.
Based on aggregated 13F filings for Q4 2020.