BlackRock Capital Allocation Term Trust
BCAT
86 hedge funds and large institutions have $566M invested in BlackRock Capital Allocation Term Trust in 2023 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 26 increasing their positions, 28 reducing their positions, and 9 closing their positions.
82% more capital inflows, than outflows
Capital inflows: $100M | Capital outflows: $54.7M
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
8% more funds holding
Funds holding: 80 → 86 (+6)
2.27% more ownership
Funds ownership: 31.51% → 33.77% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$48.9M |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.3M |
| 3 |
Landscape Capital Management
Englewood,
New Jersey
|
+$1.81M |
| 4 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.74M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$31.9M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$7.86M |
| 3 |
Raymond James & Associates
St Petersburg,
Florida
|
-$3.21M |
| 4 |
Clough Capital Partners
Boston,
Massachusetts
|
-$2.91M |
| 5 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.89M |
BCAT Hedge Fund Activity: Q4 2023 in Review
86 of the 6,876 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q4 2023, worth a combined $566M — up 11% from $512M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BCAT positions and 9 closed out — a net gain of 7 holders — while 26 added to existing stakes and 28 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $48.9M. The largest seller was Morgan Stanley, cutting an estimated $31.9M.
- 86 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q4 2023, up from 80 in Q3 2023.
- Funds reported $566M of BlackRock Capital Allocation Term Trust stock for Q4 2023, up 11% quarter-over-quarter.
- 16 funds opened new BlackRock Capital Allocation Term Trust positions in Q4 2023 and 9 closed out, a net change of +7 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q4 2023 was Saba Capital Management, an estimated $48.9M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q4 2023 was Morgan Stanley, an estimated $31.9M sold.
Based on aggregated 13F filings for Q4 2023.