BlackRock Science and Technology Term Trust
BSTZ
107 hedge funds and large institutions have $399M invested in BlackRock Science and Technology Term Trust in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 42 increasing their positions, 32 reducing their positions, and 16 closing their positions.
49% more capital invested
Capital invested by funds: $268M → $399M (+$131M)
31% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 32
25% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 16
9.81% more ownership
Funds ownership: 20.8% → 30.61% (+9.8%)
3% more funds holding
Funds holding: 104 → 107 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$50M |
| 2 |
Morgan Stanley
New York
|
+$41.6M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$12.5M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$7.83M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$5.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.32M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.17M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.06M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.16M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$895K |
BSTZ Hedge Fund Activity: Q4 2023 in Review
107 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock Science and Technology Term Trust (BSTZ) for Q4 2023, worth a combined $399M — up 49% from $268M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BSTZ positions and 16 closed out — a net gain of 4 holders — while 42 added to existing stakes and 32 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $50M. The largest seller was Wells Fargo, cutting an estimated $4.32M.
- 107 institutional investors held BlackRock Science and Technology Term Trust (BSTZ) as of Q4 2023, up from 104 in Q3 2023.
- Funds reported $399M of BlackRock Science and Technology Term Trust stock for Q4 2023, up 49% quarter-over-quarter.
- 20 funds opened new BlackRock Science and Technology Term Trust positions in Q4 2023 and 16 closed out, a net change of +4 holders.
- The largest BlackRock Science and Technology Term Trust buyer in Q4 2023 was Saba Capital Management, an estimated $50M added.
- The largest BlackRock Science and Technology Term Trust seller in Q4 2023 was Wells Fargo, an estimated $4.32M sold.
Based on aggregated 13F filings for Q4 2023.