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BlackRock Capital Allocation Term Trust
BCAT

80 hedge funds and large institutions have $512M invested in BlackRock Capital Allocation Term Trust in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 28 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

11% more funds holding

Funds holding: 72 → 80 (+8)

0.49% more ownership

Funds ownership: 31.02% → 31.51% (+0.49%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less capital invested

Capital invested by funds: $530M → $512M (-$18.5M)

18% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 28

Holders
80
Holders Change
+8
Holders Change %
+11.11%
% of All Funds
1.27%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
23
Reduced
28
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$22.5M
2
API
Advisor Partners II
California
+$8.22M
3
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.11M
4
Stifel Financial
Stifel Financial
Missouri
+$909K
5
Goldman Sachs
Goldman Sachs
New York
+$736K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$6.68M
2
WP
Woodline Partners
California
-$6.42M
3
PCM
Penserra Capital Management
California
-$5.47M
4
CCP
Clough Capital Partners
Massachusetts
-$3.45M
5
Morgan Stanley
Morgan Stanley
New York
-$2.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
CPRC
26
Consolidated Portfolio Review Corp
New York
$1.27M -$131K -8,751 -9%
First Trust Advisors
27
First Trust Advisors
Illinois
$1.24M +$210K +14,058 +20%
LPL Financial
28
LPL Financial
California
$1.18M -$761K -50,871 -38%
AGM
29
Alpine Global Management
New York
$1.08M +$233K +15,604 +26%
Qube Research & Technologies (QRT)
30
Qube Research & Technologies (QRT)
United Kingdom
$907K +$257K +17,207 +38%
Invesco
31
Invesco
Georgia
$900K +$157K +10,467 +20%
Walleye Capital
32
Walleye Capital
New York
$781K +$612K +40,904 +315%
TCA
33
Transcend Capital Advisors
New Jersey
$746K – – –
Ameriprise
34
Ameriprise
Minnesota
$715K +$41.7K +2,791 +6%
Goldman Sachs
35
Goldman Sachs
New York
$713K +$736K +49,190 New
Cerity Partners
36
Cerity Partners
New York
$580K -$7.48K -500 -1%
Baird Financial Group
37
Baird Financial Group
Wisconsin
$535K +$5.76K +385 +1%
AWA
38
Amplius Wealth Advisors
Pennsylvania
$534K -$73.5K -4,916 -12%
QL
39
Quarry LP
New York
$506K +$94.2K +6,300 +22%
ARG
40
Advisory Resource Group
Oklahoma
$503K – – –
FA
41
Fountainhead AM
New Jersey
$476K +$492K +32,883 New
VCM
42
Virtue Capital Management
Tennessee
$384K – – –
IAA
43
Ironsides Asset Advisors
North Carolina
$370K +$32.3K +2,161 +9%
RJFSA
44
Raymond James Financial Services Advisors
Florida
$363K +$23.8K +1,589 +7%
BlackRock
45
BlackRock
New York
$362K +$299K +20,000 +400%
CAN
46
Cetera Advisor Networks
California
$361K +$2.5K +167 +0.7%
SIA
47
Sit Investment Associates
Minnesota
$344K – – –
BBHC
48
Brown Brothers Harriman & Co
New York
$343K +$354K +23,650 New
CP
49
Camelot Portfolios
Ohio
$341K -$44.9K -3,000 -11%
RJT
50
Raymond James Trust
Florida
$339K -$83.2K -5,564 -19%
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BCAT Hedge Fund Activity: Q3 2023 in Review

80 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q3 2023, worth a combined $512M — down 3.5% from $530M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BCAT positions and 6 closed out — a net gain of 8 holders — while 23 added to existing stakes and 28 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $22.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.68M.

  • 80 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q3 2023, up from 72 in Q2 2023.
  • Funds reported $512M of BlackRock Capital Allocation Term Trust stock for Q3 2023, down 3.5% quarter-over-quarter.
  • 14 funds opened new BlackRock Capital Allocation Term Trust positions in Q3 2023 and 6 closed out, a net change of +8 holders.
  • The largest BlackRock Capital Allocation Term Trust buyer in Q3 2023 was Saba Capital Management, an estimated $22.5M added.
  • The largest BlackRock Capital Allocation Term Trust seller in Q3 2023 was Rivernorth Capital Management, an estimated $6.68M sold.

Based on aggregated 13F filings for Q3 2023.