BlackRock Capital Allocation Term Trust
BCAT
80 hedge funds and large institutions have $512M invested in BlackRock Capital Allocation Term Trust in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 28 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
11% more funds holding
Funds holding: 72 → 80 (+8)
0.49% more ownership
Funds ownership: 31.02% → 31.51% (+0.49%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less capital invested
Capital invested by funds: $530M → $512M (-$18.5M)
18% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$22.5M |
| 2 |
API
Advisor Partners II
Walnut Creek,
California
|
+$8.22M |
| 3 |
Rockefeller Capital Management
New York
|
+$1.11M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$909K |
| 5 |
Goldman Sachs
New York
|
+$736K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.68M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$6.42M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$5.47M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$3.45M |
| 5 |
Morgan Stanley
New York
|
-$2.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
First Manhattan
New York
| $20.2K | – | – | – |
|
77
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $14.5K | +$15K | +1,000 | New |
|
|
FCMT
78
Founders Capital Management (Texas)
Houston,
Texas
| $13K | – | – | – |
|
|
RL
79
Rogco LP
Claremore,
Oklahoma
| $10.9K | +$11.2K | +750 | New |
|
|
ME
80
McIlrath & Eck
Arlington,
Washington
| $4.06K | – | – | – |
|
|
PCM
81
Penserra Capital Management
Orinda,
California
| – | -$5.47M | -358,767 | Closed |
|
|
CA
82
Calton & Associates
Tampa,
Florida
| – | -$410K | -26,870 | Closed |
|
|
BTI
83
Blue Trust Inc
Alpharetta,
Georgia
| – | -$46K | -3,028 | Closed |
|
|
GWS
84
Glassman Wealth Services
Vienna,
Virginia
| – | -$3.89K | -255 | Closed |
|
|
EWA
85
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$2.47K | -162 | Closed |
|
86
JP Morgan Chase
New York
| – | -$1.45K | -95 | Closed |
|
BCAT Hedge Fund Activity: Q3 2023 in Review
80 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q3 2023, worth a combined $512M — down 3.5% from $530M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BCAT positions and 6 closed out — a net gain of 8 holders — while 23 added to existing stakes and 28 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $22.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.68M.
- 80 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q3 2023, up from 72 in Q2 2023.
- Funds reported $512M of BlackRock Capital Allocation Term Trust stock for Q3 2023, down 3.5% quarter-over-quarter.
- 14 funds opened new BlackRock Capital Allocation Term Trust positions in Q3 2023 and 6 closed out, a net change of +8 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q3 2023 was Saba Capital Management, an estimated $22.5M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q3 2023 was Rivernorth Capital Management, an estimated $6.68M sold.
Based on aggregated 13F filings for Q3 2023.