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BlackRock Capital Allocation Term Trust
BCAT

92 hedge funds and large institutions have $680M invested in BlackRock Capital Allocation Term Trust in 2024 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 28 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

7% more funds holding

Funds holding: 86 → 92 (+6)

4% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 28

0% more capital invested

Capital invested by funds: $679M → $680M (+$1.04M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4.09% less ownership

Funds ownership: 40.52% → 36.43% (-4.1%)

Holders
92
Holders Change
+6
Holders Change %
+6.98%
% of All Funds
1.33%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
17
Increased
29
Reduced
28
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$42M
2
Invesco
Invesco
Georgia
+$21.3M
3
KWM
Keebeck Wealth Management
Illinois
+$5.68M
4
SIA
Sit Investment Associates
Minnesota
+$5.51M
5
Pathstone Holdings
Pathstone Holdings
New Jersey
+$2.07M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$141M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$3.93M
3
RJA
Raymond James & Associates
Florida
-$3.73M
4
RCM
Rivernorth Capital Management
Florida
-$2.49M
5
WAM
Wolverine Asset Management
Illinois
-$1.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$1.54M +$15.2K +981 +1%
First Trust Advisors
27
First Trust Advisors
Illinois
$1.5M +$164K +10,606 +13%
TJHA
28
Thomas J. Herzfeld Advisors
Florida
$1.47M +$1.34M +86,460 +5,086%
CPRC
29
Consolidated Portfolio Review Corp
New York
$1.43M -$58.2K -3,754 -4%
Qube Research & Technologies (QRT)
30
Qube Research & Technologies (QRT)
United Kingdom
$1.4M – – –
1CP
31
1607 Capital Partners
Virginia
$1.4M -$1.6M -103,400 -55%
PI
32
PFG Investments
New York
$1.32M +$1.23M +79,479 New
LCM
33
Landscape Capital Management
New Jersey
$1.21M -$803K -51,794 -42%
AWM
34
Avior Wealth Management
Nebraska
$1.13M +$1.05M +67,631 New
Cetera Investment Advisers
35
Cetera Investment Advisers
Illinois
$1.04M +$970K +62,546 New
TCA
36
Transcend Capital Advisors
New Jersey
$1.01M +$83.7K +5,400 +10%
CAN
37
Cetera Advisor Networks
California
$1.01M +$610K +39,346 +186%
Jane Street
38
Jane Street
New York
$1M +$651K +41,991 +229%
FA
39
Fountainhead AM
New Jersey
$793K +$14.3K +921 +2%
Corient Private Wealth
40
Corient Private Wealth
Florida
$791K +$751K +48,470 New
LPL Financial
41
LPL Financial
California
$769K -$715K -46,142 -50%
Ameriprise
42
Ameriprise
Minnesota
$729K -$53.3K -3,438 -7%
QL
43
Quarry LP
New York
$683K +$101K +6,489 +19%
Cerity Partners
44
Cerity Partners
New York
$666K – – –
Baird Financial Group
45
Baird Financial Group
Wisconsin
$641K – – –
Susquehanna International Group
46
Susquehanna International Group
Pennsylvania
$607K -$213K -13,741 -27%
AWA
47
Amplius Wealth Advisors
Pennsylvania
$606K +$8.19K +528 +1%
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$574K +$534K +34,461 New
MTIM
49
Marathon Trading Investment Management
Pennsylvania
$500K – – –
OC
50
Oppenheimer & Co
New York
$486K +$71.1K +4,586 +19%
1
2
3 4 5

BCAT Hedge Fund Activity: Q1 2024 in Review

92 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q1 2024, worth a combined $680M — up 0.15% from $679M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BCAT positions and 11 closed out — a net gain of 6 holders — while 29 added to existing stakes and 28 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $42M. The largest seller was Morgan Stanley, cutting an estimated $141M.

  • 92 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q1 2024, up from 86 in Q4 2023.
  • Funds reported $680M of BlackRock Capital Allocation Term Trust stock for Q1 2024, up 0.15% quarter-over-quarter.
  • 17 funds opened new BlackRock Capital Allocation Term Trust positions in Q1 2024 and 11 closed out, a net change of +6 holders.
  • The largest BlackRock Capital Allocation Term Trust buyer in Q1 2024 was Saba Capital Management, an estimated $42M added.
  • The largest BlackRock Capital Allocation Term Trust seller in Q1 2024 was Morgan Stanley, an estimated $141M sold.

Based on aggregated 13F filings for Q1 2024.