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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
CAPTRUST Financial Advisors
51
CAPTRUST Financial Advisors
North Carolina
$329K +$45.2K +3,021 +15%
SIA
52
SkyView Investment Advisors
New Jersey
$324K – – –
KIM
53
Karpus Investment Management
New York
$322K -$2.62K -175 -0.8%
Millennium Management
54
Millennium Management
New York
$317K +$327K +21,870 New
OC
55
Oppenheimer & Co
New York
$308K -$30.2K -2,019 -9%
Janney Montgomery Scott
56
Janney Montgomery Scott
Pennsylvania
$300K -$25K -1,669 -7%
IAS
57
Insigneo Advisory Services
Florida
$272K – – –
EC
58
Elequin Capital
New York
$260K +$268K +17,913 New
PFGIA
59
Patriot Financial Group Insurance Agency
Massachusetts
$241K -$4.59K -307 -2%
CA
60
Claro Advisors
Massachusetts
$234K -$7.73K -517 -3%
ASN
61
Advisory Services Network
Georgia
$206K -$36K -2,404 -14%
PFS
62
Prospera Financial Services
Texas
$201K +$208K +13,882 New
CCA
63
Childress Capital Advisors
Texas
$190K +$196K +13,100 New
SPIA
64
Steward Partners Investment Advisory
New York
$188K +$33.6K +2,245 +21%
HH
65
Hilltop Holdings
Texas
$184K +$9.97K +667 +6%
DADC
66
D.A. Davidson & Co
Montana
$157K -$82.2K -5,500 -34%
Comerica Bank
67
Comerica Bank
Texas
$153K +$158K +10,571 New
JSW
68
Journey Strategic Wealth
New Jersey
$145K – – –
CCP
69
Carmel Capital Partners
California
$109K +$112K +7,500 New
BBPWM
70
Blue Bell Private Wealth Management
Pennsylvania
$86.9K +$89.7K +6,000 New
CWC
71
Carolinas Wealth Consulting
North Carolina
$82.3K – – –
NS
72
NBC Securities
Alabama
$76K +$78.5K +5,252 New
VCM
73
Versant Capital Management
Arizona
$72.5K – – –
AIM
74
Anchor Investment Management
South Carolina
$36.2K – – –
CAM
75
Chesapeake Asset Management
New York
$31.5K – – –
1 2
3
4

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.