BlackRock Capital Allocation Term Trust
BCAT
100 hedge funds and large institutions have $275M invested in BlackRock Capital Allocation Term Trust in 2026 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 25 reducing their positions, and 23 closing their positions.
68% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 25
1.64% less ownership
Funds ownership: 19.76% → 18.12% (-1.6%)
6% less funds holding
Funds holding: 106 → 100 (-6)
17% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 23
50% less capital inflows, than outflows
Capital inflows: $23.8M | Capital outflows: $48.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$6.93M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.81M |
| 3 |
Penserra Capital Management
Orinda,
California
|
+$1.7M |
| 4 |
Morgan Stanley
New York
|
+$1.69M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$19.9M |
| 2 |
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$5.08M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$5.06M |
| 4 |
Readystate Asset Management
Chicago,
Illinois
|
-$2.89M |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
-$2.56M |
BCAT Hedge Fund Activity: Q1 2026 in Review
100 of the 8,217 institutional investors tracked by Wall St. Rank reported a position in BlackRock Capital Allocation Term Trust (BCAT) for Q1 2026, worth a combined $275M — down 8.6% from $301M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of BCAT and 19 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 42 added.
The largest buyer was Wells Fargo, adding an estimated $6.93M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $19.9M sold.
- 100 institutional investors held BlackRock Capital Allocation Term Trust (BCAT) as of Q1 2026, down from 106 in Q4 2025.
- Funds reported $275M of BlackRock Capital Allocation Term Trust stock for Q1 2026, down 8.6% quarter-over-quarter.
- 19 funds opened new BlackRock Capital Allocation Term Trust positions in Q1 2026 and 23 closed out, a net change of -4 holders.
- The largest BlackRock Capital Allocation Term Trust buyer in Q1 2026 was Wells Fargo, an estimated $6.93M added.
- The largest BlackRock Capital Allocation Term Trust seller in Q1 2026 was Rivernorth Capital Management, an estimated $19.9M sold.
Based on aggregated 13F filings for Q1 2026.