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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$22.7M |
| 2 |
Morgan Stanley
New York
|
+$13M |
| 3 |
QC
Quantedge Capital
Singapore
|
+$4.92M |
| 4 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$4.26M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$2.87M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$1.94M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.16M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$659K |
| 5 |
Millennium Management
New York
|
-$621K |
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.