We are live on ! Find out more
BCAT icon

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
RCM
101
Rivernorth Capital Management
Florida
– -$19.9M -1,408,167 Closed
AIA
102
Absolute Investment Advisers
Florida
– -$5.08M -352,521 Closed
RAM
103
Readystate Asset Management
Illinois
– -$2.89M -203,918 Closed
WAM
104
Wolverine Asset Management
Illinois
– -$2.56M -181,129 Closed
QL
105
Quarry LP
New York
– -$2.02M -142,366 Closed
Janney Montgomery Scott
106
Janney Montgomery Scott
Pennsylvania
– -$1.11M -78,769 Closed
AC
107
Almitas Capital
California
– -$779K -55,000 Closed
Cerity Partners
108
Cerity Partners
New York
– -$660K -46,632 Closed
Susquehanna International Group
109
Susquehanna International Group
Pennsylvania
– -$584K -41,263 Closed
MG
110
Marex Group
– -$556K -39,300 Closed
LCM
111
Landscape Capital Management
New Jersey
– -$513K -36,229 Closed
TI
112
TrueMark Investments
Illinois
– -$409K -28,859 Closed
XT
113
XTX Topco
Cayman Islands
– -$368K -25,954 Closed
OFO
114
OneAscent Family Office
Alabama
– -$354K -25,000 Closed
Truist Financial
115
Truist Financial
North Carolina
– -$296K -20,875 Closed
SFS
116
Shaker Financial Services
Virginia
– -$288K -20,335 Closed
BCM
117
Boreal Capital Management
Florida
– -$204K -14,414 Closed
BRWA
118
B. Riley Wealth Advisors
Florida
– -$172K -12,122 Closed
FHA
119
Flagship Harbor Advisors
Massachusetts
– -$145K -10,245 Closed
HIP
120
HUB Investment Partners
Texas
– -$142K -10,000 Closed
BBPWM
121
Blue Bell Private Wealth Management
Pennsylvania
– -$11.3K -795 Closed
EPG
122
Estate Planners Group
Pennsylvania
– -$7.08K -500 Closed
AF
123
Allworth Financial
California
– -$372 -26 Closed
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.