BlackRock Resources & Commodities Strategy Trust
BCX
123 hedge funds and large institutions have $263M invested in BlackRock Resources & Commodities Strategy Trust in 2024 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 20 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 38
0.3% less ownership
Funds ownership: 33.06% → 32.76% (-0.3%)
7% less capital inflows, than outflows
Capital inflows: $36.2M | Capital outflows: $38.8M
5% less funds holding
Funds holding: 129 → 123 (-6)
30% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 20
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$9.32M |
| 2 |
Morgan Stanley
New York
|
+$5.68M |
| 3 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.41M |
| 4 |
Lazard Asset Management
New York
|
+$2.85M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$16.8M |
| 2 |
Penserra Capital Management
Orinda,
California
|
-$7.69M |
| 3 |
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
|
-$4.31M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.84M |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
-$1.26M |
BCX Hedge Fund Activity: Q1 2024 in Review
123 of the 6,966 institutional investors tracked by Wall St. Rank reported a position in BlackRock Resources & Commodities Strategy Trust (BCX) for Q1 2024, worth a combined $263M — up 1.3% from $259M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BCX and 14 opened new positions — a net loss of 6 holders — while 38 trimmed existing stakes and 47 added.
The largest buyer was Saba Capital Management, adding an estimated $9.32M. The largest seller was Ameriprise, cutting an estimated $16.8M.
- 123 institutional investors held BlackRock Resources & Commodities Strategy Trust (BCX) as of Q1 2024, down from 129 in Q4 2023.
- Funds reported $263M of BlackRock Resources & Commodities Strategy Trust stock for Q1 2024, up 1.3% quarter-over-quarter.
- 14 funds opened new BlackRock Resources & Commodities Strategy Trust positions in Q1 2024 and 20 closed out, a net change of -6 holders.
- The largest BlackRock Resources & Commodities Strategy Trust buyer in Q1 2024 was Saba Capital Management, an estimated $9.32M added.
- The largest BlackRock Resources & Commodities Strategy Trust seller in Q1 2024 was Ameriprise, an estimated $16.8M sold.
Based on aggregated 13F filings for Q1 2024.