BlackRock Resources & Commodities Strategy Trust
BCX
116 hedge funds and large institutions have $255M invested in BlackRock Resources & Commodities Strategy Trust in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 44 increasing their positions, 39 reducing their positions, and 16 closing their positions.
27% more capital inflows, than outflows
Capital inflows: $24.1M | Capital outflows: $19M
13% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 39
0.55% more ownership
Funds ownership: 31.3% → 31.85% (+0.55%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 125 → 116 (-9)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$9.7M |
| 2 |
Morgan Stanley
New York
|
+$2.48M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.43M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.67M |
| 5 |
Almitas Capital
Santa Monica,
California
|
+$1.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
City of London Investment Management
London,
United Kingdom
|
-$10.1M |
| 2 |
Raymond James & Associates
St Petersburg,
Florida
|
-$1.54M |
| 3 |
Prospera Financial Services
Dallas,
Texas
|
-$1.05M |
| 4 |
Oppenheimer & Co
New York
|
-$687K |
| 5 |
44 Wealth Management
Eugene,
Oregon
|
-$667K |
BCX Hedge Fund Activity: Q2 2023 in Review
116 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in BlackRock Resources & Commodities Strategy Trust (BCX) for Q2 2023, worth a combined $255M — down 3.2% from $264M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BCX and 10 opened new positions — a net loss of 6 holders — while 39 trimmed existing stakes and 44 added.
The largest buyer was Saba Capital Management, adding an estimated $9.7M. The largest seller was City of London Investment Management, cutting an estimated $10.1M.
- 116 institutional investors held BlackRock Resources & Commodities Strategy Trust (BCX) as of Q2 2023, down from 125 in Q1 2023.
- Funds reported $255M of BlackRock Resources & Commodities Strategy Trust stock for Q2 2023, down 3.2% quarter-over-quarter.
- 10 funds opened new BlackRock Resources & Commodities Strategy Trust positions in Q2 2023 and 16 closed out, a net change of -6 holders.
- The largest BlackRock Resources & Commodities Strategy Trust buyer in Q2 2023 was Saba Capital Management, an estimated $9.7M added.
- The largest BlackRock Resources & Commodities Strategy Trust seller in Q2 2023 was City of London Investment Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q2 2023.