BlackRock Capital Allocation Term Trust
BCAT
92 hedge funds and large institutions have $680M invested in BlackRock Capital Allocation Term Trust in 2024 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 28 reducing their positions, and 11 closing their positions.
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
7% more funds holding
Funds holding: 86 → 92 (+6)
4% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 28
0% more capital invested
Capital invested by funds: $679M → $680M (+$1.04M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4.09% less ownership
Funds ownership: 40.52% → 36.43% (-4.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$42M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$21.3M |
| 3 |
KWM
Keebeck Wealth Management
Chicago,
Illinois
|
+$5.68M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.51M |
| 5 |
Pathstone Holdings
Englewood,
New Jersey
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$141M |
| 2 |
D.E. Shaw & Co
New York
|
-$3.93M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.73M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.49M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.79M |
BCAT Hedge Fund Activity: Q1 2024 in Review
92 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q1 2024, worth a combined $680M — up 0.15% from $679M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BCAT positions and 11 closed out — a net gain of 6 holders — while 29 added to existing stakes and 28 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $42M. The largest seller was Morgan Stanley, cutting an estimated $141M.
- 92 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q1 2024, up from 86 in Q4 2023.
- Funds reported $680M of BlackRock Capital Allocation Term Trust stock for Q1 2024, up 0.15% quarter-over-quarter.
- 17 funds opened new BlackRock Capital Allocation Term Trust positions in Q1 2024 and 11 closed out, a net change of +6 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q1 2024 was Saba Capital Management, an estimated $42M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q1 2024 was Morgan Stanley, an estimated $141M sold.
Based on aggregated 13F filings for Q1 2024.