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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
CAM
101
Chesapeake Asset Management
New York
$4.07K -$3.42K -441 -47%
BFA
102
BBJS Financial Advisors
Washington
$4.07K +$3.88K +500 New
AssetMark Inc
103
AssetMark Inc
California
$2.55K +$2.43K +313 New
HI
104
Harbour Investments
Wisconsin
$2.44K – – –
SC
105
Stephens Consulting
Michigan
$2.04K -$78 -10 -4%
AF
106
Allworth Financial
California
$1.63K +$1.55K +200 New
Barclays
107
Barclays
United Kingdom
$1.38K – – –
BBHC
108
Brown Brothers Harriman & Co
New York
$602 +$574 +74 New
PWMG
109
Prestige Wealth Management Group
New Jersey
$383 – – –
Fidelity Investments
110
Fidelity Investments
Massachusetts
$8 +$8 +1 New
WAM
111
Wolverine Asset Management
Illinois
– -$2.47M -337,545 Closed
Walleye Capital
112
Walleye Capital
New York
– -$972K -132,600 Closed
AA
113
AQR Arbitrage
Connecticut
– -$557K -75,971 Closed
KACA
114
Kayne Anderson Capital Advisors
California
– -$531K -72,500 Closed
BI
115
Bulldog Investors
New Jersey
– -$423K -57,766 Closed
Jane Street
116
Jane Street
New York
– -$357K -48,716 Closed
VF
117
Virtu Financial
New York
– -$288K -39,245 Closed
CCP
118
Clough Capital Partners
Massachusetts
– -$244K -33,300 Closed
Citadel Advisors
119
Citadel Advisors
Florida
– -$134K -18,322 Closed
WEG
120
World Equity Group
Illinois
– -$127K -17,306 Closed
US Bancorp
121
US Bancorp
Minnesota
– -$111K -15,153 Closed
SA
122
Skyline Advisors
Washington
– -$98.1K -13,381 Closed
Mariner
123
Mariner
Kansas
– -$90.3K -12,316 Closed
HF
124
HRT Financial
New York
– -$81K -11,108 Closed
PFGIA
125
Patriot Financial Group Insurance Agency
Massachusetts
– -$81K -11,048 Closed
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.