BlackRock Capital Allocation Term Trust
BCAT
69 hedge funds and large institutions have $378M invested in BlackRock Capital Allocation Term Trust in 2022 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 8 closing their positions.
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
100% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 14
11% more funds holding
Funds holding: 62 → 69 (+7)
3.04% more ownership
Funds ownership: 19.95% → 22.99% (+3%)
2% more capital invested
Capital invested by funds: $369M → $378M (+$8.71M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$36.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.74M |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$6.03M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.89M |
| 5 |
SCM
Saba Capital Management
New York
|
+$3.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$5.77M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.57M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.15M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.27M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$533K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
HighTower Advisors
Chicago,
Illinois
| – | -$170K | -10,248 | Closed |
|
77
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$5K | -315 | Closed |
|
BCAT Hedge Fund Activity: Q2 2022 in Review
69 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q2 2022, worth a combined $378M — up 2.4% from $369M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BCAT positions and 8 closed out — a net gain of 8 holders — while 28 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $36.7M. The largest seller was UBS Group, cutting an estimated $5.77M.
- 69 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q2 2022, up from 62 in Q1 2022.
- Funds reported $378M of BlackRock Capital Allocation Term Trust stock for Q2 2022, up 2.4% quarter-over-quarter.
- 16 funds opened new BlackRock Capital Allocation Term Trust positions in Q2 2022 and 8 closed out, a net change of +8 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q2 2022 was Morgan Stanley, an estimated $36.7M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q2 2022 was UBS Group, an estimated $5.77M sold.
Based on aggregated 13F filings for Q2 2022.