BlackRock Capital Allocation Term Trust
BCAT
86 hedge funds and large institutions have $659M invested in BlackRock Capital Allocation Term Trust in 2024 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 31 increasing their positions, 25 reducing their positions, and 19 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 25
0.72% more ownership
Funds ownership: 36.43% → 37.15% (+0.72%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less capital invested
Capital invested by funds: $680M → $659M (-$21.2M)
7% less funds holding
Funds holding: 92 → 86 (-6)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$12.5M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.87M |
| 3 |
AGM
Alpine Global Management
New York
|
+$2.07M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.86M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$7.67M |
| 2 |
Morgan Stanley
New York
|
-$7.01M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.56M |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
-$4.45M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$2.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWC
101
Carolinas Wealth Consulting
Charlotte,
North Carolina
| – | -$98K | -5,885 | Closed |
|
102
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$58K | -3,500 | Closed |
|
103
First Manhattan
New York
| – | -$23.2K | -1,387 | Closed |
|
|
CAM
104
Chesapeake Asset Management
New York
| – | -$8.33K | -500 | Closed |
|
|
BL
105
BFSG LLC
Irvine,
California
| – | -$8.16K | -490 | Closed |
|
BCAT Hedge Fund Activity: Q2 2024 in Review
86 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q2 2024, worth a combined $659M — down 3.1% from $680M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of BCAT and 15 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 31 added.
The largest buyer was Atlas Wealth, opening a new position worth an estimated $12.5M. The largest seller was Raymond James & Associates, cutting an estimated $7.67M.
- 86 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q2 2024, down from 92 in Q1 2024.
- Funds reported $659M of BlackRock Capital Allocation Term Trust stock for Q2 2024, down 3.1% quarter-over-quarter.
- 15 funds opened new BlackRock Capital Allocation Term Trust positions in Q2 2024 and 19 closed out, a net change of -4 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q2 2024 was Atlas Wealth, an estimated $12.5M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q2 2024 was Raymond James & Associates, an estimated $7.67M sold.
Based on aggregated 13F filings for Q2 2024.