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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
RJT
51
Raymond James Trust
Florida
$350K – – –
PFS
52
Prospera Financial Services
Texas
$323K +$112K +7,690 +55%
CAN
53
Cetera Advisor Networks
California
$317K -$53.7K -3,694 -15%
VF
54
Virtu Financial
New York
$315K +$306K +21,039 New
IWC
55
Integrated Wealth Concepts
Massachusetts
$307K +$299K +20,550 New
Janney Montgomery Scott
56
Janney Montgomery Scott
Pennsylvania
$304K -$6.15K -423 -2%
CAPTRUST Financial Advisors
57
CAPTRUST Financial Advisors
North Carolina
$295K -$43.9K -3,021 -13%
IAS
58
Insigneo Advisory Services
Florida
$283K – – –
Jane Street
59
Jane Street
New York
$274K +$266K +18,298 New
RJFSA
60
Raymond James Financial Services Advisors
Florida
$272K -$99.7K -6,856 -27%
CA
61
Claro Advisors
Massachusetts
$265K +$23.3K +1,603 +10%
PFGIA
62
Patriot Financial Group Insurance Agency
Massachusetts
$249K – – –
ASN
63
Advisory Services Network
Georgia
$213K – – –
CCA
64
Childress Capital Advisors
Texas
$196K – – –
HH
65
Hilltop Holdings
Texas
$189K – – –
PAG
66
Private Advisor Group
New Jersey
$177K +$172K +11,851 New
CCG
67
Catalina Capital Group
California
$176K +$171K +11,772 New
DADC
68
D.A. Davidson & Co
Montana
$166K +$4.36K +300 +3%
JSW
69
Journey Strategic Wealth
New Jersey
$150K – – –
Comerica Bank
70
Comerica Bank
Texas
$131K -$26.2K -1,799 -17%
SPIA
71
Steward Partners Investment Advisory
New York
$113K -$78.2K -5,379 -42%
CWC
72
Carolinas Wealth Consulting
North Carolina
$88K – – –
NS
73
NBC Securities
Alabama
$79K +$538 +37 +0.7%
EC
74
Elequin Capital
New York
$78.2K -$184K -12,684 -71%
BlackRock
75
BlackRock
New York
$74.8K -$291K -20,000 -80%
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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.