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BlackRock Capital Allocation Term Trust
BCAT

92 hedge funds and large institutions have $680M invested in BlackRock Capital Allocation Term Trust in 2024 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 28 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

7% more funds holding

Funds holding: 86 → 92 (+6)

4% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 28

0% more capital invested

Capital invested by funds: $679M → $680M (+$1.04M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4.09% less ownership

Funds ownership: 40.52% → 36.43% (-4.1%)

Holders
92
Holders Change
+6
Holders Change %
+6.98%
% of All Funds
1.33%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
17
Increased
29
Reduced
28
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$42M
2
Invesco
Invesco
Georgia
+$21.3M
3
KWM
Keebeck Wealth Management
Illinois
+$5.68M
4
SIA
Sit Investment Associates
Minnesota
+$5.51M
5
Pathstone Holdings
Pathstone Holdings
New Jersey
+$2.07M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$141M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$3.93M
3
RJA
Raymond James & Associates
Florida
-$3.73M
4
RCM
Rivernorth Capital Management
Florida
-$2.49M
5
WAM
Wolverine Asset Management
Illinois
-$1.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
76
Steward Partners Investment Advisory
New York
$126K +$310 +20 +0.3%
CWC
77
Carolinas Wealth Consulting
North Carolina
$98K – – –
BlackRock
78
BlackRock
New York
$83.3K +$16 +1 +0%
VCM
79
Versant Capital Management
Arizona
$83.3K – – –
NS
80
NBC Securities
Alabama
$81K -$6.22K -401 -8%
Carson Wealth (CWM LLC)
81
Carson Wealth (CWM LLC)
Nebraska
$58K -$10.2K -655 -16%
C
82
Covestor
United Kingdom
$44K – – –
CA
83
CoreCap Advisors
Michigan
$33.3K +$31K +2,000 New
First Manhattan
84
First Manhattan
New York
$23.2K – – –
FCMT
85
Founders Capital Management (Texas)
Texas
$15K – – –
GCM
86
Gables Capital Management
Florida
$14.6K +$13.6K +876 New
RL
87
Rogco LP
Oklahoma
$12.5K – – –
CAM
88
Chesapeake Asset Management
New York
$8.33K – – –
BL
89
BFSG LLC
California
$8.16K -$34.9K -2,251 -82%
AssetMark Inc
90
AssetMark Inc
California
$4.76K +$4.43K +286 New
JP Morgan Chase
91
JP Morgan Chase
New York
$4.72K +$4.39K +283 New
ME
92
McIlrath & Eck
Washington
$4.67K – – –
WAM
93
Wolverine Asset Management
Illinois
– -$1.79M -119,919 Closed
ARC
94
Advisor Resource Council
Texas
– -$1.56M -104,590 Closed
CCP
95
Clough Capital Partners
Massachusetts
– -$964K -64,480 Closed
Walleye Capital
96
Walleye Capital
New York
– -$927K -62,039 Closed
ARG
97
Advisory Resource Group
Oklahoma
– -$519K -34,734 Closed
VF
98
Virtu Financial
New York
– -$315K -21,039 Closed
IWC
99
Integrated Wealth Concepts
Massachusetts
– -$307K -20,550 Closed
PAG
100
Private Advisor Group
New Jersey
– -$177K -11,851 Closed
1 2 3
4
5

BCAT Hedge Fund Activity: Q1 2024 in Review

92 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q1 2024, worth a combined $680M — up 0.15% from $679M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BCAT positions and 11 closed out — a net gain of 6 holders — while 29 added to existing stakes and 28 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $42M. The largest seller was Morgan Stanley, cutting an estimated $141M.

  • 92 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q1 2024, up from 86 in Q4 2023.
  • Funds reported $680M of BlackRock Capital Allocation Term Trust stock for Q1 2024, up 0.15% quarter-over-quarter.
  • 17 funds opened new BlackRock Capital Allocation Term Trust positions in Q1 2024 and 11 closed out, a net change of +6 holders.
  • The largest BlackRock Capital Allocation Term Trust buyer in Q1 2024 was Saba Capital Management, an estimated $42M added.
  • The largest BlackRock Capital Allocation Term Trust seller in Q1 2024 was Morgan Stanley, an estimated $141M sold.

Based on aggregated 13F filings for Q1 2024.