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BlackRock Capital Allocation Term Trust
BCAT

100 hedge funds and large institutions have $275M invested in BlackRock Capital Allocation Term Trust in 2026 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 26 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 26

1.67% less ownership

Funds ownership: 19.79% → 18.12% (-1.7%)

6% less funds holding

Funds holding: 106 → 100 (-6)

9% less capital invested

Capital invested by funds: $301M → $275M (-$26.4M)

17% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 23

Holders
100
Holders Change
-6
Holders Change %
-5.66%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
42
Reduced
26
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$6.93M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.81M
3
PCM
Penserra Capital Management
California
+$1.7M
4
Morgan Stanley
Morgan Stanley
New York
+$1.69M
5
Citadel Advisors
Citadel Advisors
Florida
+$1.07M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$19.9M
2
AIA
Absolute Investment Advisers
Florida
-$5.08M
3
Invesco
Invesco
Georgia
-$5.06M
4
RAM
Readystate Asset Management
Illinois
-$2.89M
5
WAM
Wolverine Asset Management
Illinois
-$2.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
SA
51
Sanctuary Advisors
Indiana
$300K +$313K +21,229 New
ACP
52
Aviance Capital Partners
Florida
$293K +$306K +20,765 New
OC
53
Oppenheimer & Co
New York
$282K -$456K -30,952 -61%
CP
54
Camelot Portfolios
Ohio
$276K – – –
CEFA
55
Closed-End Fund Advisors
Virginia
$272K -$256K -17,348 -47%
Millennium Management
56
Millennium Management
New York
$271K +$282K +19,174 New
HF
57
HRT Financial
New York
$256K -$41.3K -2,805 -13%
ERIC
58
Eagle Rock Investment Company
Georgia
$253K – – –
WS
59
Wedbush Securities
California
$252K +$19.1K +1,300 +8%
NA
60
NewEdge Advisors
Louisiana
$249K +$11.5K +779 +5%
WCFA
61
Walkner Condon Financial Advisors
Wisconsin
$249K +$20.6K +1,400 +9%
HighTower Advisors
62
HighTower Advisors
Illinois
$239K +$9.12K +619 +4%
SWM
63
SeaCrest Wealth Management
New York
$219K -$23.7K -1,611 -9%
Creative Planning
64
Creative Planning
Kansas
$209K +$3.21K +218 +1%
IAS
65
Insigneo Advisory Services
Florida
$204K +$10.2K +690 +5%
SA
66
Sovran Advisors
California
$201K +$196K +13,285 New
Goldman Sachs
67
Goldman Sachs
New York
$181K +$189K +12,800 New
CL
68
Choreo LLC
Illinois
$167K -$957 -65 -0.5%
CA
69
Calton & Associates
Florida
$156K +$5.64K +383 +4%
Envestnet Asset Management
70
Envestnet Asset Management
Illinois
$153K +$160K +10,843 New
PAG
71
Private Advisor Group
New Jersey
$151K +$2.5K +170 +2%
JSW
72
Journey Strategic Wealth
New Jersey
$141K – – –
Fifth Third Bancorp
73
Fifth Third Bancorp
Ohio
$137K +$143K +9,706 New
BlackRock
74
BlackRock
New York
$135K +$7.56K +513 +6%
ASN
75
Advisory Services Network
Georgia
$127K -$38.7K -2,626 -23%
1 2
3
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BCAT Hedge Fund Activity: Q1 2026 in Review

100 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q1 2026, worth a combined $275M — down 8.8% from $301M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BCAT and 19 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 42 added.

The largest buyer was Wells Fargo, adding an estimated $6.93M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $19.9M sold.

  • 100 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q1 2026, down from 106 in Q4 2025.
  • Funds reported $275M of BlackRock Capital Allocation Term Trust stock for Q1 2026, down 8.8% quarter-over-quarter.
  • 19 funds opened new BlackRock Capital Allocation Term Trust positions in Q1 2026 and 23 closed out, a net change of -4 holders.
  • The largest BlackRock Capital Allocation Term Trust buyer in Q1 2026 was Wells Fargo, an estimated $6.93M added.
  • The largest BlackRock Capital Allocation Term Trust seller in Q1 2026 was Rivernorth Capital Management, an estimated $19.9M sold.

Based on aggregated 13F filings for Q1 2026.