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BTX

BlackRock Technology and Private Equity Term Trust
BTX

97 hedge funds and large institutions have $180M invested in BlackRock Technology and Private Equity Term Trust in 2025 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 23

41% more capital invested

Capital invested by funds: $128M → $180M (+$52M)

39% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 18

7% more funds holding

Funds holding: 91 → 97 (+6)

3.84% more ownership

Funds ownership: 8.95% → 12.79% (+3.8%)

Holders
97
Holders Change
+6
Holders Change %
+6.59%
% of All Funds
1.18%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
25
Increased
34
Reduced
23
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Lazard Asset Management
Lazard Asset Management
New York
+$22.7M
2
Morgan Stanley
Morgan Stanley
New York
+$13M
3
QC
Quantedge Capital
Singapore
+$4.92M
4
AIA
Absolute Investment Advisers
Florida
+$4.26M
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.65M

Top Sellers

Rank Fund Capital Flow
1
Raymond James Financial
Raymond James Financial
Florida
-$2.87M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$1.94M
3
Bank of America
Bank of America
North Carolina
-$1.16M
4
UBS Group
UBS Group
Switzerland
-$659K
5
Millennium Management
Millennium Management
New York
-$621K
Name Holding Trade Value Shares
Change 		Change in
Stake
QL
26
Quarry LP
New York
$1.12M +$1.14M +170,066 New
VIA
27
Virtus Investment Advisers
Connecticut
$718K -$172K -25,608 -19%
LPL Financial
28
LPL Financial
California
$617K -$331K -49,268 -34%
SA
29
Sanctuary Advisors
Indiana
$607K +$154K +22,910 +33%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$596K +$331K +49,178 +119%
Stifel Financial
31
Stifel Financial
Missouri
$589K -$191K -28,347 -24%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$535K +$24.2K +3,598 +5%
HighTower Advisors
33
HighTower Advisors
Illinois
$474K +$982 +146 +0.2%
CD
34
Chapin Davis
Maryland
$458K -$159K -23,600 -25%
SWM
35
SeaCrest Wealth Management
New York
$446K +$2.6K +386 +0.6%
WS
36
Wedbush Securities
California
$367K -$71.3K -10,608 -16%
Osaic Holdings
37
Osaic Holdings
Arizona
$347K -$24K -3,564 -6%
Wells Fargo
38
Wells Fargo
California
$269K +$63K +9,366 +30%
IP
39
Indivisible Partners
Florida
$268K +$273K +40,604 New
VF
40
Virtu Financial
New York
$260K +$265K +39,399 New
CL
41
Choreo LLC
Illinois
$254K +$256K +38,072 New
Mariner
42
Mariner
Kansas
$232K +$110K +16,314 +87%
MA
43
Mutual Advisors
Nebraska
$220K -$20.2K -3,000 -8%
RA
44
RFG Advisory
Alabama
$187K +$6.73K +1,000 +4%
TI
45
TrueMark Investments
Illinois
$186K +$190K +28,196 New
GRP
46
Global Retirement Partners
California
$176K +$179K +26,661 New
Citadel Advisors
47
Citadel Advisors
Florida
$159K +$163K +24,172 New
SPIA
48
Steward Partners Investment Advisory
New York
$156K -$163K -24,258 -51%
MFG
49
Merit Financial Group
Georgia
$155K +$78.3K +11,643 +98%
EPW
50
Evolve Private Wealth
California
$142K +$145K +21,518 New
1
2
3 4 5

BTX Hedge Fund Activity: Q4 2025 in Review

97 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q4 2025, worth a combined $180M — up 41% from $128M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new BTX positions and 18 closed out — a net gain of 7 holders — while 34 added to existing stakes and 23 trimmed.

The largest buyer was Lazard Asset Management, opening a new position worth an estimated $22.7M. The largest seller was Raymond James Financial, cutting an estimated $2.87M.

  • 97 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q4 2025, up from 91 in Q3 2025.
  • Funds reported $180M of BlackRock Technology and Private Equity Term Trust stock for Q4 2025, up 41% quarter-over-quarter.
  • 25 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q4 2025 and 18 closed out, a net change of +7 holders.
  • The largest BlackRock Technology and Private Equity Term Trust buyer in Q4 2025 was Lazard Asset Management, an estimated $22.7M added.
  • The largest BlackRock Technology and Private Equity Term Trust seller in Q4 2025 was Raymond James Financial, an estimated $2.87M sold.

Based on aggregated 13F filings for Q4 2025.