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BlackRock Capital Allocation Term Trust
BCAT

100 hedge funds and large institutions have $275M invested in BlackRock Capital Allocation Term Trust in 2026 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 26 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 26

1.67% less ownership

Funds ownership: 19.79% → 18.12% (-1.7%)

6% less funds holding

Funds holding: 106 → 100 (-6)

9% less capital invested

Capital invested by funds: $301M → $275M (-$26.4M)

17% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 23

Holders
100
Holders Change
-6
Holders Change %
-5.66%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
42
Reduced
26
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$6.93M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.81M
3
PCM
Penserra Capital Management
California
+$1.7M
4
Morgan Stanley
Morgan Stanley
New York
+$1.69M
5
Citadel Advisors
Citadel Advisors
Florida
+$1.07M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$19.9M
2
AIA
Absolute Investment Advisers
Florida
-$5.08M
3
Invesco
Invesco
Georgia
-$5.06M
4
RAM
Readystate Asset Management
Illinois
-$2.89M
5
WAM
Wolverine Asset Management
Illinois
-$2.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
76
Steward Partners Investment Advisory
New York
$95.7K -$339 -23 -0.3%
BBHC
77
Brown Brothers Harriman & Co
New York
$77.7K – – –
AssetMark Inc
78
AssetMark Inc
California
$75.8K – – –
ACM
79
Anfield Capital Management
California
$51.9K – – –
PTC
80
Private Trust Company
Ohio
$49.5K – – –
PWPS
81
Pinnacle Wealth Planning Services
Ohio
$47.1K -$6.82K -463 -12%
ME
82
McIlrath & Eck
Washington
$44.2K +$29K +1,969 +170%
AF
83
Advisornet Financial
Minnesota
$36.8K -$8.38K -569 -18%
TRCT
84
Tower Research Capital (TRC)
New York
$29.3K +$30.6K +2,076 New
Corient Private Wealth
85
Corient Private Wealth
Florida
$28.6K -$413K -28,059 -50%
NS
86
NBC Securities
Alabama
$26.1K +$9.78K +664 +56%
WA
87
WPG Advisers
Maryland
$21.2K +$2.59K +176 +13%
NEWAS
88
N.E.W. Advisory Services
Wisconsin
$18.7K -$15.8K -1,076 -45%
CFB
89
Cullen/Frost Bankers
Texas
$17.7K – – –
FCMT
90
Founders Capital Management (Texas)
Texas
$12.7K – – –
GCM
91
Gables Capital Management
Florida
$12.4K – – –
RFP
92
Root Financial Partners
California
$10.9K +$11.4K +771 New
WSFS
93
Wilmington Savings Fund Society
Delaware
$9.89K +$10.3K +700 New
RFA
94
Reyes Financial Architecture
California
$4.76K – – –
HWP
95
Highline Wealth Partners
California
$3.53K -$3.68K -250 -50%
Northwestern Mutual Wealth Management
96
Northwestern Mutual Wealth Management
Wisconsin
$3.53K +$3.68K +250 New
KFP
97
Kerr Financial Planning
California
$3.05K +$3K +204 New
HI
98
Harbour Investments
Wisconsin
$2.83K +$2.95K +200 New
WTC
99
WhitTier Trust Company
Nevada
$1.37K +$1.4K +95 New
Jones Financial Companies
100
Jones Financial Companies
Missouri
$140 +$147 +10 New
1 2 3
4
5

BCAT Hedge Fund Activity: Q1 2026 in Review

100 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q1 2026, worth a combined $275M — down 8.8% from $301M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BCAT and 19 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 42 added.

The largest buyer was Wells Fargo, adding an estimated $6.93M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $19.9M sold.

  • 100 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q1 2026, down from 106 in Q4 2025.
  • Funds reported $275M of BlackRock Capital Allocation Term Trust stock for Q1 2026, down 8.8% quarter-over-quarter.
  • 19 funds opened new BlackRock Capital Allocation Term Trust positions in Q1 2026 and 23 closed out, a net change of -4 holders.
  • The largest BlackRock Capital Allocation Term Trust buyer in Q1 2026 was Wells Fargo, an estimated $6.93M added.
  • The largest BlackRock Capital Allocation Term Trust seller in Q1 2026 was Rivernorth Capital Management, an estimated $19.9M sold.

Based on aggregated 13F filings for Q1 2026.