BlackRock Capital Allocation Term Trust
BCAT
72 hedge funds and large institutions have $530M invested in BlackRock Capital Allocation Term Trust in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 8 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
6% more capital invested
Capital invested by funds: $501M → $530M (+$29.8M)
1.34% more ownership
Funds ownership: 29.68% → 31.02% (+1.3%)
0% more funds holding
Funds holding: 72 → 72 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$42.4M |
| 2 |
D.E. Shaw & Co
New York
|
+$6.17M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
+$4.75M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$908K |
| 5 |
AGM
Alpine Global Management
New York
|
+$890K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$11.4M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$5.91M |
| 3 |
Morgan Stanley
New York
|
-$4.29M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.89M |
| 5 |
RVPG
Relative Value Partners Group
|
-$3.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WT
76
Washington Trust
Westerly,
Rhode Island
| – | -$30.3K | -2,000 | Closed |
|
|
BBPWM
77
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$24.3K | -1,603 | Closed |
|
|
SCA
78
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$7.51K | -500 | Closed |
|
|
EC
79
Elequin Capital
New York
| – | -$3.39K | -224 | Closed |
|
80
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2.53K | -167 | Closed |
|
BCAT Hedge Fund Activity: Q2 2023 in Review
72 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q2 2023, worth a combined $530M — up 6% from $501M a quarter earlier.
Fund positioning in BCAT was balanced in Q2 2023: 8 funds opened new positions, 8 closed out, 25 added to existing stakes and 19 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $42.4M. The largest seller was Allspring Global Investments, exiting entirely with an estimated $11.4M sold.
- 72 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $530M of BlackRock Capital Allocation Term Trust stock for Q2 2023, up 6% quarter-over-quarter.
- 8 funds opened new BlackRock Capital Allocation Term Trust positions in Q2 2023 and 8 closed out, a net change of 0 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q2 2023 was Saba Capital Management, an estimated $42.4M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q2 2023 was Allspring Global Investments, an estimated $11.4M sold.
Based on aggregated 13F filings for Q2 2023.