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BlackRock Capital Allocation Term Trust
BCAT

72 hedge funds and large institutions have $530M invested in BlackRock Capital Allocation Term Trust in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 19

6% more capital invested

Capital invested by funds: $501M → $530M (+$29.8M)

1.34% more ownership

Funds ownership: 29.68% → 31.02% (+1.3%)

0% more funds holding

Funds holding: 72 → 72 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

Holders
72
Holders Change
–
Holders Change %
0%
% of All Funds
1.13%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
25
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$42.4M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$6.17M
3
WP
Woodline Partners
California
+$4.75M
4
First Trust Advisors
First Trust Advisors
Illinois
+$908K
5
AGM
Alpine Global Management
New York
+$890K

Top Sellers

Rank Fund Capital Flow
1
Allspring Global Investments
Allspring Global Investments
North Carolina
-$11.4M
2
MP
Mangrove Partners
Connecticut
-$5.91M
3
Morgan Stanley
Morgan Stanley
New York
-$4.29M
4
Bank of America
Bank of America
North Carolina
-$3.89M
5
RVPG
Relative Value Partners Group
-$3.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
CPRC
26
Consolidated Portfolio Review Corp
New York
$1.47M -$112K -7,441 -7%
Osaic Holdings
27
Osaic Holdings
Arizona
$1.42M +$45.3K +3,018 +3%
First Trust Advisors
28
First Trust Advisors
Illinois
$1.09M +$908K +60,441 +556%
AGM
29
Alpine Global Management
New York
$904K +$890K +59,250 New
Invesco
30
Invesco
Georgia
$788K +$266K +17,709 +52%
TCA
31
Transcend Capital Advisors
New Jersey
$785K – – –
Ameriprise
32
Ameriprise
Minnesota
$710K -$9.9K -659 -1%
Qube Research & Technologies (QRT)
33
Qube Research & Technologies (QRT)
United Kingdom
$692K +$170K +11,348 +33%
AWA
34
Amplius Wealth Advisors
Pennsylvania
$636K -$1.79M -118,873 -74%
Cerity Partners
35
Cerity Partners
New York
$618K – – –
Baird Financial Group
36
Baird Financial Group
Wisconsin
$557K +$22.1K +1,471 +4%
ARG
37
Advisory Resource Group
Oklahoma
$530K – – –
RJT
38
Raymond James Trust
Florida
$442K – – –
QL
39
Quarry LP
New York
$436K +$430K +28,600 New
CA
40
Calton & Associates
Florida
$410K +$2.1K +140 +0.5%
CP
41
Camelot Portfolios
Ohio
$404K – – –
VCM
42
Virtue Capital Management
Tennessee
$384K +$376K +25,000 New
CAN
43
Cetera Advisor Networks
California
$377K +$1.23K +82 +0.3%
SIA
44
Sit Investment Associates
Minnesota
$363K – – –
RJFSA
45
Raymond James Financial Services Advisors
Florida
$358K +$16.7K +1,114 +5%
OC
46
Oppenheimer & Co
New York
$354K +$171K +11,377 +96%
IAA
47
Ironsides Asset Advisors
North Carolina
$354K +$56.2K +3,742 +19%
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$342K +$616 +41 +0.2%
KIM
49
Karpus Investment Management
New York
$342K – – –
SIA
50
SkyView Investment Advisors
New Jersey
$341K – – –
1
2
3 4

BCAT Hedge Fund Activity: Q2 2023 in Review

72 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q2 2023, worth a combined $530M — up 6% from $501M a quarter earlier.

Fund positioning in BCAT was balanced in Q2 2023: 8 funds opened new positions, 8 closed out, 25 added to existing stakes and 19 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $42.4M. The largest seller was Allspring Global Investments, exiting entirely with an estimated $11.4M sold.

  • 72 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q2 2023, unchanged from Q1 2023.
  • Funds reported $530M of BlackRock Capital Allocation Term Trust stock for Q2 2023, up 6% quarter-over-quarter.
  • 8 funds opened new BlackRock Capital Allocation Term Trust positions in Q2 2023 and 8 closed out, a net change of 0 holders.
  • The largest BlackRock Capital Allocation Term Trust buyer in Q2 2023 was Saba Capital Management, an estimated $42.4M added.
  • The largest BlackRock Capital Allocation Term Trust seller in Q2 2023 was Allspring Global Investments, an estimated $11.4M sold.

Based on aggregated 13F filings for Q2 2023.