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BTX

BlackRock Technology and Private Equity Term Trust
BTX

110 hedge funds and large institutions have $734M invested in BlackRock Technology and Private Equity Term Trust in 2024 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 48 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more capital invested

Capital invested by funds: $641M → $734M (+$93M)

1.24% more ownership

Funds ownership: 39.74% → 40.98% (+1.2%)

6% less funds holding

Funds holding: 117 → 110 (-7)

21% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 24

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

50% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 48

Holders
110
Holders Change
-7
Holders Change %
-5.98%
% of All Funds
1.58%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
19
Increased
24
Reduced
48
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$63.6M
2
SIA
Sit Investment Associates
Minnesota
+$23.4M
3
SC
Sessa Capital
New York
+$18.5M
4
Invesco
Invesco
Georgia
+$2.84M
5
KIM
Karpus Investment Management
New York
+$2.26M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$49.6M
2
COLIM
City of London Investment Management
United Kingdom
-$12M
3
CA
Cornerstone Advisors
North Carolina
-$9.81M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$5.57M
5
QC
Quantedge Capital
Singapore
-$3.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
26
HBK Investments
Texas
$1.6M – – –
MC
27
Matisse Capital
Oregon
$1.55M -$163K -21,000 -10%
WS
28
Wedbush Securities
California
$1.5M -$21.1K -2,729 -1%
Susquehanna International Group
29
Susquehanna International Group
Pennsylvania
$1M -$122K -15,771 -11%
FSI
30
Flow State Investments
Illinois
$960K +$914K +117,988 New
FA
31
Fountainhead AM
New Jersey
$946K -$99.9K -12,896 -10%
QL
32
Quarry LP
New York
$922K +$620K +80,000 +240%
PAG
33
Private Advisor Group
New Jersey
$906K -$27.1K -3,496 -3%
VEA
34
Virtus ETF Advisers
New York
$750K +$138K +17,850 +24%
CD
35
Chapin Davis
Maryland
$699K – – –
Baird Financial Group
36
Baird Financial Group
Wisconsin
$680K – – –
GC
37
Guggenheim Capital
Illinois
$637K -$287K -36,978 -32%
AAM
38
Advisors Asset Management
Colorado
$601K -$299K -38,559 -34%
Janney Montgomery Scott
39
Janney Montgomery Scott
Pennsylvania
$563K +$48.1K +6,202 +10%
SPIA
40
Steward Partners Investment Advisory
New York
$546K +$12.2K +1,570 +2%
LPL Financial
41
LPL Financial
California
$520K -$410K -52,925 -45%
PVI
42
Pine Valley Investments
New Jersey
$491K -$25.7K -3,311 -5%
NA
43
NewEdge Advisors
Louisiana
$444K +$195K +25,137 +86%
Osaic Holdings
44
Osaic Holdings
Arizona
$386K +$100K +12,913 +37%
CHAM
45
Clear Harbor Asset Management
Connecticut
$358K -$261K -33,741 -43%
AWS
46
Atria Wealth Solutions
New York
$354K -$16.7K -2,160 -5%
SP
47
Stonebrook Private
Michigan
$347K -$23.2K -2,991 -7%
LA
48
LM Advisors
California
$333K -$881K -113,677 -74%
SFS
49
Shaker Financial Services
Virginia
$317K -$847K -109,344 -74%
CAPTRUST Financial Advisors
50
CAPTRUST Financial Advisors
North Carolina
$302K -$299K -38,538 -51%
1
2
3 4 5

BTX Hedge Fund Activity: Q1 2024 in Review

110 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q1 2024, worth a combined $734M — up 15% from $641M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of BTX and 19 opened new positions — a net loss of 5 holders — while 48 trimmed existing stakes and 24 added.

The largest buyer was Saba Capital Management, adding an estimated $63.6M. The largest seller was Morgan Stanley, cutting an estimated $49.6M.

  • 110 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q1 2024, down from 117 in Q4 2023.
  • Funds reported $734M of BlackRock Technology and Private Equity Term Trust stock for Q1 2024, up 15% quarter-over-quarter.
  • 19 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q1 2024 and 24 closed out, a net change of -5 holders.
  • The largest BlackRock Technology and Private Equity Term Trust buyer in Q1 2024 was Saba Capital Management, an estimated $63.6M added.
  • The largest BlackRock Technology and Private Equity Term Trust seller in Q1 2024 was Morgan Stanley, an estimated $49.6M sold.

Based on aggregated 13F filings for Q1 2024.