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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
IAA
51
Ironsides Asset Advisors
North Carolina
$485K +$55.9K +3,606 +14%
CAPTRUST Financial Advisors
52
CAPTRUST Financial Advisors
North Carolina
$445K +$109K +7,000 +36%
CA
53
Calton & Associates
Florida
$422K -$13.3K -857 -3%
RJT
54
Raymond James Trust
Florida
$399K +$7.8K +503 +2%
BBHC
55
Brown Brothers Harriman & Co
New York
$394K – – –
CP
56
Camelot Portfolios
Ohio
$392K -$15.5K -1,000 -4%
Mariner
57
Mariner
Kansas
$374K +$348K +22,456 New
PFS
58
Prospera Financial Services
Texas
$368K +$7.63K +492 +2%
JSW
59
Journey Strategic Wealth
New Jersey
$337K +$159K +10,250 +103%
RJFSA
60
Raymond James Financial Services Advisors
Florida
$306K +$2.19K +141 +0.8%
Janney Montgomery Scott
61
Janney Montgomery Scott
Pennsylvania
$300K -$35.7K -2,300 -11%
ERIC
62
Eagle Rock Investment Company
Georgia
$298K +$278K +17,902 New
IAS
63
Insigneo Advisory Services
Florida
$297K – – –
PFGIA
64
Patriot Financial Group Insurance Agency
Massachusetts
$277K – – –
CA
65
Claro Advisors
Massachusetts
$263K -$30K -1,934 -11%
DS
66
DRW Securities
Illinois
$238K +$222K +14,300 New
CCA
67
Childress Capital Advisors
Texas
$218K – – –
SPIS
68
Steward Partners Investment Solutions
Oregon
$205K +$191K +12,308 New
ASN
69
Advisory Services Network
Georgia
$203K -$31.5K -2,030 -14%
KIM
70
Karpus Investment Management
New York
$202K -$224K -14,450 -54%
CCG
71
Catalina Capital Group
California
$196K – – –
VCM
72
Virtue Capital Management
Tennessee
$196K +$194K +12,500 New
HH
73
Hilltop Holdings
Texas
$186K -$23.3K -1,500 -12%
HIP
74
HUB Investment Partners
Texas
$167K +$155K +10,000 New
Comerica Bank
75
Comerica Bank
Texas
$134K -$11.5K -744 -8%
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.