BlackRock Capital Allocation Term Trust
BCAT
27 hedge funds and large institutions have $163M invested in BlackRock Capital Allocation Term Trust in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 1 reducing their positions, and 7 closing their positions.
1,300% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 1
47% more capital invested
Capital invested by funds: $111M → $163M (+$52M)
2.83% more ownership
Funds ownership: 5.12% → 7.94% (+2.8%)
0% more funds holding
Funds holding: 27 → 27 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$37.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$8.12M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$7.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.44M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$2.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$670K |
| 2 |
UMC
United Maritime Capital
New York
|
-$318K |
| 3 |
VF
Virtu Financial
New York
|
-$257K |
| 4 |
PWM
Perigon Wealth Management
San Francisco,
California
|
-$76K |
| 5 |
TWP
TFO Wealth Partners
Maumee,
Ohio
|
-$54K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
APA
26
American Portfolios Advisors
Holbrook,
New York
| $15.4K | +$16.2K | +750 | New |
|
|
MPWT
27
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| $4K | +$4.33K | +200 | New |
|
|
28
Millennium Management
New York
| – | -$670K | -30,793 | Closed |
|
|
UMC
29
United Maritime Capital
New York
| – | -$318K | -14,625 | Closed |
|
|
VF
30
Virtu Financial
New York
| – | -$257K | -11,806 | Closed |
|
|
PWM
31
Perigon Wealth Management
San Francisco,
California
| – | -$76K | -3,500 | Closed |
|
|
TWP
32
TFO Wealth Partners
Maumee,
Ohio
| – | -$54K | -2,500 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$4K | -200 | Closed |
|
BCAT Hedge Fund Activity: Q1 2021 in Review
27 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q1 2021, worth a combined $163M — up 47% from $111M a quarter earlier.
Fund positioning in BCAT was balanced in Q1 2021: 7 funds opened new positions, 7 closed out, 14 added to existing stakes and 1 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $37.5M. The largest seller was Millennium Management, exiting entirely with an estimated $670K sold.
- 27 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $163M of BlackRock Capital Allocation Term Trust stock for Q1 2021, up 47% quarter-over-quarter.
- 7 funds opened new BlackRock Capital Allocation Term Trust positions in Q1 2021 and 7 closed out, a net change of 0 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q1 2021 was Morgan Stanley, an estimated $37.5M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q1 2021 was Millennium Management, an estimated $670K sold.
Based on aggregated 13F filings for Q1 2021.