BlackRock Capital Allocation Term Trust
BCAT
62 hedge funds and large institutions have $369M invested in BlackRock Capital Allocation Term Trust in 2022 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 15 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
100% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 14
1.11% more ownership
Funds ownership: 18.84% → 19.95% (+1.1%)
3% less funds holding
Funds holding: 64 → 62 (-2)
10% less capital invested
Capital invested by funds: $411M → $369M (-$41.9M)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Amplius Wealth Advisors
Blue Bell,
Pennsylvania
|
+$12M |
| 2 |
Morgan Stanley
New York
|
+$7.34M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.77M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.65M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$6.41M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$4.55M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.06M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.24M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.64M |
BCAT Hedge Fund Activity: Q1 2022 in Review
62 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q1 2022, worth a combined $369M — down 10% from $411M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BCAT and 13 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 28 added.
The largest buyer was Amplius Wealth Advisors, adding an estimated $12M. The largest seller was UBS Group, cutting an estimated $6.41M.
- 62 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q1 2022, down from 64 in Q4 2021.
- Funds reported $369M of BlackRock Capital Allocation Term Trust stock for Q1 2022, down 10% quarter-over-quarter.
- 13 funds opened new BlackRock Capital Allocation Term Trust positions in Q1 2022 and 15 closed out, a net change of -2 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q1 2022 was Amplius Wealth Advisors, an estimated $12M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q1 2022 was UBS Group, an estimated $6.41M sold.
Based on aggregated 13F filings for Q1 2022.