BlackRock Capital Allocation Term Trust
BCAT
90 hedge funds and large institutions have $511M invested in BlackRock Capital Allocation Term Trust in 2024 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 24 increasing their positions, 27 reducing their positions, and 12 closing their positions.
108% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 12
13% more funds holding
Funds holding: 80 → 90 (+10)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.74% less ownership
Funds ownership: 32.93% → 31.2% (-1.7%)
11% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 27
13% less capital invested
Capital invested by funds: $586M → $511M (-$74.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$3.51M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.58M |
| 3 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
+$1.34M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.33M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$40.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.25M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.39M |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
-$1.43M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
C
101
Covestor
London,
United Kingdom
| – | -$36K | -2,173 | Closed |
|
102
Fidelity Investments
Boston,
Massachusetts
| – | -$49 | -3 | Closed |
|
BCAT Hedge Fund Activity: Q4 2024 in Review
90 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q4 2024, worth a combined $511M — down 13% from $586M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new BCAT positions and 12 closed out — a net gain of 13 holders — while 24 added to existing stakes and 27 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $3.51M. The largest seller was Saba Capital Management, cutting an estimated $40.2M.
- 90 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q4 2024, up from 80 in Q3 2024.
- Funds reported $511M of BlackRock Capital Allocation Term Trust stock for Q4 2024, down 13% quarter-over-quarter.
- 25 funds opened new BlackRock Capital Allocation Term Trust positions in Q4 2024 and 12 closed out, a net change of +13 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q4 2024 was Cohen & Steers, an estimated $3.51M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q4 2024 was Saba Capital Management, an estimated $40.2M sold.
Based on aggregated 13F filings for Q4 2024.