BlackRock Technology and Private Equity Term Trust
BTX
91 hedge funds and large institutions have $128M invested in BlackRock Technology and Private Equity Term Trust in 2025 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 30 reducing their positions, and 41 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 30
22% less funds holding
Funds holding: 117 → 91 (-26)
38.59% less ownership
Funds ownership: 47.55% → 8.95% (-39%)
61% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 41
83% less capital invested
Capital invested by funds: $745M → $128M (-$617M)
100% less funds holding in top 10
Funds holding in top 10: 4 → 0 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$3.94M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$3.69M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.48M |
| 4 |
Jane Street
New York
|
+$2.08M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$445M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$40.5M |
| 3 |
Lazard Asset Management
New York
|
-$21.1M |
| 4 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$19.1M |
| 5 |
SC
Sessa Capital
New York
|
-$14.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
126
Geneos Wealth Management
Englewood,
Colorado
| – | -$48.1K | -6,558 | Closed |
|
127
US Bancorp
Minneapolis,
Minnesota
| – | -$36.7K | -5,000 | Closed |
|
|
TRCT
128
Tower Research Capital (TRC)
New York
| – | -$22.9K | -3,122 | Closed |
|
129
JP Morgan Chase
New York
| – | -$14.4K | -1,965 | Closed |
|
|
TFGT
130
TS Financial Group (TSFG)
Lake Forest,
Illinois
| – | -$8K | -1,051 | Closed |
|
|
PS
131
Principal Securities
Des Moines,
Iowa
| – | -$4.07K | -555 | Closed |
|
132
AssetMark Inc
Concord,
California
| – | -$1.64K | -223 | Closed |
|
BTX Hedge Fund Activity: Q3 2025 in Review
91 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q3 2025, worth a combined $128M — down 83% from $745M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of BTX and 16 opened new positions — a net loss of 25 holders — while 30 trimmed existing stakes and 32 added.
The largest buyer was Matisse Capital, opening a new position worth an estimated $3.94M. The largest seller was Saba Capital Management, exiting entirely with an estimated $445M sold.
- 91 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q3 2025, down from 117 in Q2 2025.
- Funds reported $128M of BlackRock Technology and Private Equity Term Trust stock for Q3 2025, down 83% quarter-over-quarter.
- 16 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q3 2025 and 41 closed out, a net change of -25 holders.
- The largest BlackRock Technology and Private Equity Term Trust buyer in Q3 2025 was Matisse Capital, an estimated $3.94M added.
- The largest BlackRock Technology and Private Equity Term Trust seller in Q3 2025 was Saba Capital Management, an estimated $445M sold.
Based on aggregated 13F filings for Q3 2025.