BlackRock Resources & Commodities Strategy Trust
BCX
118 hedge funds and large institutions have $237M invested in BlackRock Resources & Commodities Strategy Trust in 2025 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 35 increasing their positions, 42 reducing their positions, and 18 closing their positions.
1% less capital invested
Capital invested by funds: $240M → $237M (-$2.98M)
2.48% less ownership
Funds ownership: 34.18% → 31.7% (-2.5%)
6% less funds holding
Funds holding: 125 → 118 (-7)
17% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 42
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$5.15M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.58M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.16M |
| 4 |
1WA
180 Wealth Advisors
Federal Way,
Washington
|
+$701K |
| 5 |
IP
Intellectus Partners
San Francisco,
California
|
+$606K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$11.6M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
-$4.21M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.36M |
| 4 |
Lazard Asset Management
New York
|
-$2.05M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$2.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HF
126
HRT Financial
New York
| – | -$150K | -17,592 | Closed |
|
|
KAS
127
Kestra Advisory Services
Austin,
Texas
| – | -$148K | -17,333 | Closed |
|
128
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$109K | -12,716 | Closed |
|
|
CL
129
CSS LLC
Chicago,
Illinois
| – | -$105K | -12,294 | Closed |
|
|
SPC
130
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$93.7K | -10,976 | Closed |
|
|
EC
131
Elequin Capital
New York
| – | -$57.7K | -6,754 | Closed |
|
132
Jones Financial Companies
Des Peres,
Missouri
| – | -$8.31K | -973 | Closed |
|
|
MWM
133
Mascoma Wealth Management
Hanover,
New Hampshire
| – | -$2.91K | -341 | Closed |
|
|
API
134
Asset Planning Inc
Cypress,
California
| – | -$7.69K | -34 | Closed |
|
|
TRCT
135
Tower Research Capital (TRC)
New York
| – | -$34 | -4 | Closed |
|
136
Fidelity Investments
Boston,
Massachusetts
| – | -$9 | -1 | Closed |
|
BCX Hedge Fund Activity: Q1 2025 in Review
118 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BlackRock Resources & Commodities Strategy Trust (BCX) for Q1 2025, worth a combined $237M — down 1.2% from $240M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BCX and 14 opened new positions — a net loss of 4 holders — while 42 trimmed existing stakes and 35 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $5.15M. The largest seller was Saba Capital Management, cutting an estimated $11.6M.
- 118 institutional investors held BlackRock Resources & Commodities Strategy Trust (BCX) as of Q1 2025, down from 125 in Q4 2024.
- Funds reported $237M of BlackRock Resources & Commodities Strategy Trust stock for Q1 2025, down 1.2% quarter-over-quarter.
- 14 funds opened new BlackRock Resources & Commodities Strategy Trust positions in Q1 2025 and 18 closed out, a net change of -4 holders.
- The largest BlackRock Resources & Commodities Strategy Trust buyer in Q1 2025 was Penserra Capital Management, an estimated $5.15M added.
- The largest BlackRock Resources & Commodities Strategy Trust seller in Q1 2025 was Saba Capital Management, an estimated $11.6M sold.
Based on aggregated 13F filings for Q1 2025.