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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$63.6M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$23.4M |
| 3 |
SC
Sessa Capital
New York
|
+$18.5M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$2.84M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$49.6M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$12M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$9.81M |
| 4 |
D.E. Shaw & Co
New York
|
-$5.57M |
| 5 |
QC
Quantedge Capital
Singapore
|
-$3.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SG
126
StoneX Group
New York
| – | -$77.5K | -10,577 | Closed |
|
|
EC
127
Elequin Capital
New York
| – | -$31.3K | -4,276 | Closed |
|
128
Bessemer Group
Woodbridge,
New Jersey
| – | -$28K | -3,825 | Closed |
|
|
ASN
129
Advisory Services Network
Atlanta,
Georgia
| – | -$21.2K | -2,886 | Closed |
|
|
SWM
130
Sugarloaf Wealth Management
Duluth,
Georgia
| – | -$12.1K | -1,650 | Closed |
|
|
CIA
131
Cape Investment Advisory
Mcdonough,
Georgia
| – | -$11.9K | -1,624 | Closed |
|
|
BFEC
132
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$8K | -1,058 | Closed |
|
|
RFG
133
RFP Financial Group
Atlanta,
Georgia
| – | -$6.23K | -850 | Closed |
|
|
MBFW
134
Morton Brown Family Wealth
Allentown,
Pennsylvania
| – | -$337 | -46 | Closed |
|
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.