BlackRock Capital Allocation Term Trust
BCAT
86 hedge funds and large institutions have $679M invested in BlackRock Capital Allocation Term Trust in 2023 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 27 reducing their positions, and 9 closing their positions.
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
33% more capital invested
Capital invested by funds: $512M → $679M (+$167M)
9.02% more ownership
Funds ownership: 31.51% → 40.52% (+9%)
8% more funds holding
Funds holding: 80 → 86 (+6)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$78.1M |
| 2 |
SCM
Saba Capital Management
New York
|
+$48.9M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.3M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.81M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$7.86M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.21M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$2.91M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.89M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.41M |
BCAT Hedge Fund Activity: Q4 2023 in Review
86 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q4 2023, worth a combined $679M — up 33% from $512M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BCAT positions and 9 closed out — a net gain of 7 holders — while 27 added to existing stakes and 27 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $78.1M. The largest seller was Atlas Wealth, exiting entirely with an estimated $7.86M sold.
- 86 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q4 2023, up from 80 in Q3 2023.
- Funds reported $679M of BlackRock Capital Allocation Term Trust stock for Q4 2023, up 33% quarter-over-quarter.
- 16 funds opened new BlackRock Capital Allocation Term Trust positions in Q4 2023 and 9 closed out, a net change of +7 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q4 2023 was Morgan Stanley, an estimated $78.1M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q4 2023 was Atlas Wealth, an estimated $7.86M sold.
Based on aggregated 13F filings for Q4 2023.