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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
DADC
76
D.A. Davidson & Co
Montana
$120K -$1.6K -207 -1%
BC
77
Barrett & Company
Rhode Island
$117K -$3.26K -421 -3%
Wells Fargo
78
Wells Fargo
California
$111K -$462K -59,601 -81%
AWA
79
Amplius Wealth Advisors
Pennsylvania
$110K -$56.2K -7,247 -35%
PI
80
PFG Investments
New York
$109K +$104K +13,439 New
C
81
Covestor
United Kingdom
$105K – – –
DJYG
82
David J. Yvars Group
Florida
$96.6K -$81.2K -10,471 -47%
CA
83
Carson Advisory
Georgia
$89.6K +$2.41K +311 +3%
Comerica Bank
84
Comerica Bank
Texas
$83.6K -$31.4K -4,056 -28%
Truist Financial
85
Truist Financial
North Carolina
$82.6K -$7.75K -1,000 -9%
FFA
86
Farther Finance Advisors
California
$75.6K -$19K -2,450 -21%
BlackRock
87
BlackRock
New York
$72.4K +$30.2K +3,896 +78%
RFA
88
Register Financial Advisors
Georgia
$52.5K +$50K +6,456 New
CIBC Private Wealth Group
89
CIBC Private Wealth Group
Georgia
$44.9K +$42.9K +5,533 New
AWM
90
Activest Wealth Management
Florida
$32.7K +$372 +48 +1%
TIM
91
Thompson Investment Management
Wisconsin
$32.6K +$31K +4,000 New
NRG
92
Nemes Rush Group
Michigan
$20.4K – – –
HNB
93
Huntington National Bank
Ohio
$20K +$19.1K +2,460 New
IRC
94
Investors Research Corp
Georgia
$17.1K – – –
CT
95
Caldwell Trust
Florida
$16.3K – – –
LC
96
Lindbrook Capital
California
$14K – – –
First Manhattan
97
First Manhattan
New York
$9.26K – – –
FUBT
98
First United Bank & Trust
Maryland
$5.7K – – –
TJHA
99
Thomas J. Herzfeld Advisors
Florida
$5.54K – – –
CFFP
100
Center for Financial Planning
Michigan
$4.88K +$4.65K +600 New
2 3
4
5 6

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.