BlackRock Technology and Private Equity Term Trust
106 hedge funds and large institutions have $460M invested in BlackRock Technology and Private Equity Term Trust in 2023 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 41 increasing their positions, 27 reducing their positions, and 22 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 27
24% more capital invested
Capital invested by funds: $371M → $460M (+$88.9M)
1.26% more ownership
Funds ownership: 24.79% → 26.04% (+1.3%)
5% less funds holding
Funds holding: 111 → 106 (-5)
18% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 22
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$52.7M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$25.8M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
+$4.56M |
| 4 |
Lazard Asset Management
New York
|
+$4.04M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$20.7M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$10.7M |
| 3 |
OFG
OTA Financial Group
Purchase,
New York
|
-$8.69M |
| 4 |
Rockefeller Capital Management
New York
|
-$6.36M |
| 5 |
QC
Quantedge Capital
Singapore
|
-$5.72M |
BTX Hedge Fund Activity: Q1 2023 in Review
106 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q1 2023, worth a combined $460M — up 24% from $371M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of BTX and 18 opened new positions — a net loss of 4 holders — while 27 trimmed existing stakes and 41 added.
The largest buyer was Saba Capital Management, adding an estimated $52.7M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $20.7M sold.
- 106 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q1 2023, down from 111 in Q4 2022.
- Funds reported $460M of BlackRock Technology and Private Equity Term Trust stock for Q1 2023, up 24% quarter-over-quarter.
- 18 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q1 2023 and 22 closed out, a net change of -4 holders.
- The largest BlackRock Technology and Private Equity Term Trust buyer in Q1 2023 was Saba Capital Management, an estimated $52.7M added.
- The largest BlackRock Technology and Private Equity Term Trust seller in Q1 2023 was Weiss Asset Management, an estimated $20.7M sold.
Based on aggregated 13F filings for Q1 2023.