BlackRock Resources & Commodities Strategy Trust
BCX
126 hedge funds and large institutions have $255M invested in BlackRock Resources & Commodities Strategy Trust in 2025 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 48 increasing their positions, 29 reducing their positions, and 16 closing their positions.
66% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 29
25% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 16
7% more capital invested
Capital invested by funds: $237M → $255M (+$17.5M)
3% more funds holding
Funds holding: 122 → 126 (+4)
0.17% less ownership
Funds ownership: 29.84% → 29.67% (-0.17%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.22M |
| 2 |
Lazard Asset Management
New York
|
+$4.87M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.36M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.99M |
| 5 |
1WA
180 Wealth Advisors
Federal Way,
Washington
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$12.8M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.38M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.1M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.82M |
| 5 |
Two Sigma Investments
New York
|
-$1.5M |
BCX Hedge Fund Activity: Q4 2025 in Review
126 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in BlackRock Resources & Commodities Strategy Trust (BCX) for Q4 2025, worth a combined $255M — up 7.4% from $237M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BCX positions and 16 closed out — a net gain of 4 holders — while 48 added to existing stakes and 29 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $8.22M. The largest seller was Saba Capital Management, exiting entirely with an estimated $12.8M sold.
- 126 institutional investors held BlackRock Resources & Commodities Strategy Trust (BCX) as of Q4 2025, up from 122 in Q3 2025.
- Funds reported $255M of BlackRock Resources & Commodities Strategy Trust stock for Q4 2025, up 7.4% quarter-over-quarter.
- 20 funds opened new BlackRock Resources & Commodities Strategy Trust positions in Q4 2025 and 16 closed out, a net change of +4 holders.
- The largest BlackRock Resources & Commodities Strategy Trust buyer in Q4 2025 was Morgan Stanley, an estimated $8.22M added.
- The largest BlackRock Resources & Commodities Strategy Trust seller in Q4 2025 was Saba Capital Management, an estimated $12.8M sold.
Based on aggregated 13F filings for Q4 2025.