BlackRock Technology and Private Equity Term Trust
106 hedge funds and large institutions have $482M invested in BlackRock Technology and Private Equity Term Trust in 2023 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 34 increasing their positions, 30 reducing their positions, and 18 closing their positions.
85% more capital inflows, than outflows
Capital inflows: $67.6M | Capital outflows: $36.5M
13% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 30
1.85% more ownership
Funds ownership: 26.04% → 27.89% (+1.8%)
6% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 18
0% more funds holding
Funds holding: 106 → 106 (0)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$31.6M |
| 2 |
D.E. Shaw & Co
New York
|
+$8.68M |
| 3 |
Woodline Partners
San Francisco,
California
|
+$5.48M |
| 4 |
Karpus Investment Management
Pittsford,
New York
|
+$3.73M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quantedge Capital
Singapore
|
-$12.2M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$5.87M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$4.62M |
| 4 |
Morgan Stanley
New York
|
-$3.38M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$1.8M |
BTX Hedge Fund Activity: Q2 2023 in Review
106 of the 6,387 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q2 2023, worth a combined $482M — up 4.7% from $460M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BTX positions and 18 closed out — a net gain of 1 holder — while 34 added to existing stakes and 30 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $31.6M. The largest seller was Quantedge Capital, cutting an estimated $12.2M.
- 106 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $482M of BlackRock Technology and Private Equity Term Trust stock for Q2 2023, up 4.7% quarter-over-quarter.
- 19 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q2 2023 and 18 closed out, a net change of +1 holder.
- The largest BlackRock Technology and Private Equity Term Trust buyer in Q2 2023 was Saba Capital Management, an estimated $31.6M added.
- The largest BlackRock Technology and Private Equity Term Trust seller in Q2 2023 was Quantedge Capital, an estimated $12.2M sold.
Based on aggregated 13F filings for Q2 2023.