BlackRock Capital Allocation Term Trust
BCAT
92 hedge funds and large institutions have $425M invested in BlackRock Capital Allocation Term Trust in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 44 increasing their positions, 21 reducing their positions, and 11 closing their positions.
110% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 21
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
2% more funds holding
Funds holding: 90 → 92 (+2)
3.84% less ownership
Funds ownership: 31.2% → 27.36% (-3.8%)
17% less capital invested
Capital invested by funds: $511M → $425M (-$86M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$6.22M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5.24M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.9M |
| 4 |
ARC
Advisor Resource Council
Dallas,
Texas
|
+$1.57M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$27.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$27.2M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
-$9.03M |
| 4 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$7.5M |
| 5 |
AGM
Alpine Global Management
New York
|
-$6.82M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MPWT
101
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$112K | -7,382 | Closed |
|
102
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$36.1K | -2,331 | Closed |
|
|
RMP
103
Richards, Merrill & Peterson
Spokane,
Washington
| – | -$30.3K | -2,000 | Closed |
|
BCAT Hedge Fund Activity: Q1 2025 in Review
92 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q1 2025, worth a combined $425M — down 17% from $511M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BCAT positions and 11 closed out — a net gain of 2 holders — while 44 added to existing stakes and 21 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $6.22M. The largest seller was Saba Capital Management, cutting an estimated $27.6M.
- 92 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q1 2025, up from 90 in Q4 2024.
- Funds reported $425M of BlackRock Capital Allocation Term Trust stock for Q1 2025, down 17% quarter-over-quarter.
- 13 funds opened new BlackRock Capital Allocation Term Trust positions in Q1 2025 and 11 closed out, a net change of +2 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q1 2025 was Cohen & Steers, an estimated $6.22M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q1 2025 was Saba Capital Management, an estimated $27.6M sold.
Based on aggregated 13F filings for Q1 2025.