BlackRock Capital Allocation Term Trust
BCAT
85 hedge funds and large institutions have $453M invested in BlackRock Capital Allocation Term Trust in 2022 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 10 closing their positions.
130% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 10
50% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 20
18% more capital invested
Capital invested by funds: $383M → $453M (+$70.2M)
12% more funds holding
Funds holding: 76 → 85 (+9)
4.05% more ownership
Funds ownership: 25.08% → 29.13% (+4%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$43.8M |
| 2 |
Morgan Stanley
New York
|
+$19.8M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$8.16M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$7.38M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$5.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$20.7M |
| 2 |
AWA
Amplius Wealth Advisors
Blue Bell,
Pennsylvania
|
-$18.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$6.26M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$4.87M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.12M |
BCAT Hedge Fund Activity: Q4 2022 in Review
85 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q4 2022, worth a combined $453M — up 18% from $383M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new BCAT positions and 10 closed out — a net gain of 13 holders — while 30 added to existing stakes and 20 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $43.8M. The largest seller was Sit Investment Associates, cutting an estimated $20.7M.
- 85 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q4 2022, up from 76 in Q3 2022.
- Funds reported $453M of BlackRock Capital Allocation Term Trust stock for Q4 2022, up 18% quarter-over-quarter.
- 23 funds opened new BlackRock Capital Allocation Term Trust positions in Q4 2022 and 10 closed out, a net change of +13 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q4 2022 was Saba Capital Management, an estimated $43.8M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q4 2022 was Sit Investment Associates, an estimated $20.7M sold.
Based on aggregated 13F filings for Q4 2022.