BlackRock Science and Technology Term Trust
BSTZ
94 hedge funds and large institutions have $291M invested in BlackRock Science and Technology Term Trust in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 33 reducing their positions, and 25 closing their positions.
8% more capital invested
Capital invested by funds: $270M → $291M (+$20.6M)
9% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 33
2.1% less ownership
Funds ownership: 22.09% → 19.99% (-2.1%)
10% less funds holding
Funds holding: 104 → 94 (-10)
36% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 25
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$20.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$4.51M |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
+$2.46M |
| 4 |
JP Morgan Chase
New York
|
+$1.04M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$796K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$11.1M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$5.38M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.32M |
| 4 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$4.54M |
| 5 |
QC
Quantedge Capital
Singapore
|
-$4.3M |
BSTZ Hedge Fund Activity: Q1 2023 in Review
94 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock Science and Technology Term Trust (BSTZ) for Q1 2023, worth a combined $291M — up 7.6% from $270M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of BSTZ and 16 opened new positions — a net loss of 9 holders — while 33 trimmed existing stakes and 30 added.
The largest buyer was Invesco, adding an estimated $20.1M. The largest seller was Logan Stone Capital, cutting an estimated $11.1M.
- 94 institutional investors held BlackRock Science and Technology Term Trust (BSTZ) as of Q1 2023, down from 104 in Q4 2022.
- Funds reported $291M of BlackRock Science and Technology Term Trust stock for Q1 2023, up 7.6% quarter-over-quarter.
- 16 funds opened new BlackRock Science and Technology Term Trust positions in Q1 2023 and 25 closed out, a net change of -9 holders.
- The largest BlackRock Science and Technology Term Trust buyer in Q1 2023 was Invesco, an estimated $20.1M added.
- The largest BlackRock Science and Technology Term Trust seller in Q1 2023 was Logan Stone Capital, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2023.