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BlackRock Capital Allocation Term Trust
BCAT

86 hedge funds and large institutions have $679M invested in BlackRock Capital Allocation Term Trust in 2023 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 27 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

33% more capital invested

Capital invested by funds: $512M → $679M (+$167M)

9.02% more ownership

Funds ownership: 31.51% → 40.52% (+9%)

8% more funds holding

Funds holding: 80 → 86 (+6)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 27

Holders
86
Holders Change
+6
Holders Change %
+7.5%
% of All Funds
1.25%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
27
Reduced
27
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$78.1M
2
SCM
Saba Capital Management
New York
+$48.9M
3
SIA
Sit Investment Associates
Minnesota
+$4.3M
4
LCM
Landscape Capital Management
New Jersey
+$1.81M
5
WAM
Wolverine Asset Management
Illinois
+$1.74M

Top Sellers

Rank Fund Capital Flow
1
AW
Atlas Wealth
Ohio
-$7.86M
2
RJA
Raymond James & Associates
Florida
-$3.21M
3
CCP
Clough Capital Partners
Massachusetts
-$2.91M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.89M
5
RCM
Rivernorth Capital Management
Florida
-$1.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$1.38M +$157K +10,828 +13%
Osaic Holdings
27
Osaic Holdings
Arizona
$1.37M -$134K -9,235 -9%
CPRC
28
Consolidated Portfolio Review Corp
New York
$1.34M +$29.3K +2,017 +2%
Qube Research & Technologies (QRT)
29
Qube Research & Technologies (QRT)
United Kingdom
$1.26M +$314K +21,588 +34%
First Trust Advisors
30
First Trust Advisors
Illinois
$1.19M -$88.1K -6,061 -7%
Invesco
31
Invesco
Georgia
$1.13M +$193K +13,262 +21%
CCP
32
Clough Capital Partners
Massachusetts
$964K -$2.91M -200,450 -76%
Walleye Capital
33
Walleye Capital
New York
$927K +$119K +8,155 +15%
TCA
34
Transcend Capital Advisors
New Jersey
$828K +$56.6K +3,890 +8%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$750K +$729K +50,172 New
Ameriprise
36
Ameriprise
Minnesota
$706K -$31K -2,135 -4%
FA
37
Fountainhead AM
New Jersey
$697K +$200K +13,766 +42%
Cerity Partners
38
Cerity Partners
New York
$598K – – –
Baird Financial Group
39
Baird Financial Group
Wisconsin
$575K +$22.9K +1,576 +4%
AWA
40
Amplius Wealth Advisors
Pennsylvania
$536K -$14.5K -997 -3%
ARG
41
Advisory Resource Group
Oklahoma
$519K – – –
QL
42
Quarry LP
New York
$516K -$5.82K -400 -1%
MTIM
43
Marathon Trading Investment Management
Pennsylvania
$449K +$436K +30,000 New
BBPWM
44
Blue Bell Private Wealth Management
Pennsylvania
$420K +$321K +22,065 +368%
KIM
45
Karpus Investment Management
New York
$398K +$63.2K +4,350 +20%
CA
46
Calton & Associates
Florida
$391K +$380K +26,167 New
IAA
47
Ironsides Asset Advisors
North Carolina
$382K – – –
OC
48
Oppenheimer & Co
New York
$368K +$49K +3,371 +16%
CP
49
Camelot Portfolios
Ohio
$366K +$14.5K +1,000 +4%
BBHC
50
Brown Brothers Harriman & Co
New York
$354K – – –
1
2
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BCAT Hedge Fund Activity: Q4 2023 in Review

86 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q4 2023, worth a combined $679M — up 33% from $512M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new BCAT positions and 9 closed out — a net gain of 7 holders — while 27 added to existing stakes and 27 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $78.1M. The largest seller was Atlas Wealth, exiting entirely with an estimated $7.86M sold.

  • 86 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q4 2023, up from 80 in Q3 2023.
  • Funds reported $679M of BlackRock Capital Allocation Term Trust stock for Q4 2023, up 33% quarter-over-quarter.
  • 16 funds opened new BlackRock Capital Allocation Term Trust positions in Q4 2023 and 9 closed out, a net change of +7 holders.
  • The largest BlackRock Capital Allocation Term Trust buyer in Q4 2023 was Morgan Stanley, an estimated $78.1M added.
  • The largest BlackRock Capital Allocation Term Trust seller in Q4 2023 was Atlas Wealth, an estimated $7.86M sold.

Based on aggregated 13F filings for Q4 2023.