BlackRock Science and Technology Term Trust
BSTZ
99 hedge funds and large institutions have $461M invested in BlackRock Science and Technology Term Trust in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 20 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
54% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 28
15% more capital invested
Capital invested by funds: $399M → $461M (+$61.6M)
0.16% less ownership
Funds ownership: 30.61% → 30.44% (-0.16%)
7% less funds holding
Funds holding: 107 → 99 (-8)
40% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$42.4M |
| 2 |
PCR
Potrero Capital Research
San Francisco,
California
|
+$11.5M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.29M |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$2.89M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$55.8M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$5.99M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$5.76M |
| 4 |
QC
Quantedge Capital
Singapore
|
-$2.85M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.84M |
BSTZ Hedge Fund Activity: Q1 2024 in Review
99 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock Science and Technology Term Trust (BSTZ) for Q1 2024, worth a combined $461M — up 15% from $399M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BSTZ and 12 opened new positions — a net loss of 8 holders — while 28 trimmed existing stakes and 43 added.
The largest buyer was Saba Capital Management, adding an estimated $42.4M. The largest seller was Morgan Stanley, cutting an estimated $55.8M.
- 99 institutional investors held BlackRock Science and Technology Term Trust (BSTZ) as of Q1 2024, down from 107 in Q4 2023.
- Funds reported $461M of BlackRock Science and Technology Term Trust stock for Q1 2024, up 15% quarter-over-quarter.
- 12 funds opened new BlackRock Science and Technology Term Trust positions in Q1 2024 and 20 closed out, a net change of -8 holders.
- The largest BlackRock Science and Technology Term Trust buyer in Q1 2024 was Saba Capital Management, an estimated $42.4M added.
- The largest BlackRock Science and Technology Term Trust seller in Q1 2024 was Morgan Stanley, an estimated $55.8M sold.
Based on aggregated 13F filings for Q1 2024.