BlackRock Capital Allocation Term Trust
BCAT
80 hedge funds and large institutions have $586M invested in BlackRock Capital Allocation Term Trust in 2024 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 36 reducing their positions, and 16 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
4.21% less ownership
Funds ownership: 37.15% → 32.93% (-4.2%)
7% less funds holding
Funds holding: 86 → 80 (-6)
11% less capital invested
Capital invested by funds: $659M → $586M (-$73.4M)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
39% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$15.8M |
| 2 |
AGM
Alpine Global Management
New York
|
+$2.78M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.82M |
| 4 |
LPL Financial
San Diego,
California
|
+$649K |
| 5 |
PIWA
Prevail Innovative Wealth Advisors
Leawood,
Kansas
|
+$427K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$20.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$19.8M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
-$19.4M |
| 4 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$13M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.41M |
BCAT Hedge Fund Activity: Q3 2024 in Review
80 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q3 2024, worth a combined $586M — down 11% from $659M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BCAT and 10 opened new positions — a net loss of 6 holders — while 36 trimmed existing stakes and 22 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $15.8M. The largest seller was Morgan Stanley, cutting an estimated $20.2M.
- 80 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q3 2024, down from 86 in Q2 2024.
- Funds reported $586M of BlackRock Capital Allocation Term Trust stock for Q3 2024, down 11% quarter-over-quarter.
- 10 funds opened new BlackRock Capital Allocation Term Trust positions in Q3 2024 and 16 closed out, a net change of -6 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q3 2024 was Penserra Capital Management, an estimated $15.8M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q3 2024 was Morgan Stanley, an estimated $20.2M sold.
Based on aggregated 13F filings for Q3 2024.