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BlackRock Capital Allocation Term Trust
BCAT

85 hedge funds and large institutions have $453M invested in BlackRock Capital Allocation Term Trust in 2022 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

130% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 10

50% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 20

18% more capital invested

Capital invested by funds: $383M → $453M (+$70.2M)

12% more funds holding

Funds holding: 76 → 85 (+9)

4.05% more ownership

Funds ownership: 25.08% → 29.13% (+4%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

Holders
85
Holders Change
+9
Holders Change %
+11.84%
% of All Funds
1.37%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
23
Increased
30
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$43.8M
2
Morgan Stanley
Morgan Stanley
New York
+$19.8M
3
RJA
Raymond James & Associates
Florida
+$8.16M
4
AC
Almitas Capital
California
+$7.38M
5
CCP
Clough Capital Partners
Massachusetts
+$5.77M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$20.7M
2
AWA
Amplius Wealth Advisors
Pennsylvania
-$18.1M
3
Bank of America
Bank of America
North Carolina
-$6.26M
4
UBS Group
UBS Group
Switzerland
-$4.87M
5
KIM
Karpus Investment Management
New York
-$4.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
PMG
26
Private Management Group
California
$1.87M +$1.9M +134,932 New
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$1.71M +$1.74M +123,401 New
AAM
28
Advisors Asset Management
Colorado
$1.7M +$403K +28,581 +30%
MC
29
Mathes Company
New York
$1.23M +$84.7K +6,000 +7%
Osaic Holdings
30
Osaic Holdings
Arizona
$1.22M +$41.6K +2,944 +3%
EC
31
Elequin Capital
New York
$1.07M +$1.09M +77,472 New
HighTower Advisors
32
HighTower Advisors
Illinois
$1.02M +$1.04M +73,594 New
PFGIA
33
Patriot Financial Group Insurance Agency
Massachusetts
$921K +$3.35K +237 +0.4%
MC
34
Matisse Capital
Oregon
$910K +$423K +30,000 +84%
LPL Financial
35
LPL Financial
California
$694K +$76.3K +5,404 +12%
OFG
36
OTA Financial Group
New York
$691K -$360K -25,479 -34%
Ameriprise
37
Ameriprise
Minnesota
$682K +$36.1K +2,557 +5%
KIM
38
Karpus Investment Management
New York
$591K -$4.12M -291,660 -87%
Cerity Partners
39
Cerity Partners
New York
$562K +$572K +40,500 New
JP Morgan Chase
40
JP Morgan Chase
New York
$517K +$526K +37,276 New
Baird Financial Group
41
Baird Financial Group
Wisconsin
$507K +$3.26K +231 +0.6%
ARG
42
Advisory Resource Group
Oklahoma
$482K – – –
TCA
43
Transcend Capital Advisors
New Jersey
$415K -$243K -17,200 -36%
RJT
44
Raymond James Trust
Florida
$374K -$104K -7,388 -21%
CA
45
Calton & Associates
Florida
$369K +$71.5K +5,066 +24%
CP
46
Camelot Portfolios
Ohio
$354K +$360K +25,500 New
MIG
47
Mariner Investment Group
New York
$351K -$824K -58,389 -70%
CAN
48
Cetera Advisor Networks
California
$342K +$2.51K +178 +0.7%
SIA
49
Sit Investment Associates
Minnesota
$330K -$20.7M -1,464,335 -98%
Jane Street
50
Jane Street
New York
$327K +$332K +23,549 New
1
2
3 4

BCAT Hedge Fund Activity: Q4 2022 in Review

85 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q4 2022, worth a combined $453M — up 18% from $383M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new BCAT positions and 10 closed out — a net gain of 13 holders — while 30 added to existing stakes and 20 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $43.8M. The largest seller was Sit Investment Associates, cutting an estimated $20.7M.

  • 85 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q4 2022, up from 76 in Q3 2022.
  • Funds reported $453M of BlackRock Capital Allocation Term Trust stock for Q4 2022, up 18% quarter-over-quarter.
  • 23 funds opened new BlackRock Capital Allocation Term Trust positions in Q4 2022 and 10 closed out, a net change of +13 holders.
  • The largest BlackRock Capital Allocation Term Trust buyer in Q4 2022 was Saba Capital Management, an estimated $43.8M added.
  • The largest BlackRock Capital Allocation Term Trust seller in Q4 2022 was Sit Investment Associates, an estimated $20.7M sold.

Based on aggregated 13F filings for Q4 2022.