BlackRock Technology and Private Equity Term Trust
111 hedge funds and large institutions have $371M invested in BlackRock Technology and Private Equity Term Trust in 2022 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 38 increasing their positions, 35 reducing their positions, and 16 closing their positions.
50% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 16
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
26% more capital invested
Capital invested by funds: $294M → $371M (+$77.2M)
6.39% more ownership
Funds ownership: 18.39% → 24.79% (+6.4%)
4% more funds holding
Funds holding: 107 → 111 (+4)
9% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$35.4M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$18.2M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$14M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$11.2M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$8.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.71M |
| 2 |
Morgan Stanley
New York
|
-$4.24M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.68M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.67M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.35M |
BTX Hedge Fund Activity: Q4 2022 in Review
111 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q4 2022, worth a combined $371M — up 26% from $294M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new BTX positions and 16 closed out — a net gain of 8 holders — while 38 added to existing stakes and 35 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $35.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.71M.
- 111 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q4 2022, up from 107 in Q3 2022.
- Funds reported $371M of BlackRock Technology and Private Equity Term Trust stock for Q4 2022, up 26% quarter-over-quarter.
- 24 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q4 2022 and 16 closed out, a net change of +8 holders.
- The largest BlackRock Technology and Private Equity Term Trust buyer in Q4 2022 was Saba Capital Management, an estimated $35.4M added.
- The largest BlackRock Technology and Private Equity Term Trust seller in Q4 2022 was Rivernorth Capital Management, an estimated $4.71M sold.
Based on aggregated 13F filings for Q4 2022.