BlackRock Technology and Private Equity Term Trust
114 hedge funds and large institutions have $450M invested in BlackRock Technology and Private Equity Term Trust in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 32 reducing their positions, and 12 closing their positions.
67% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 12
22% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 32
8% more funds holding
Funds holding: 106 → 114 (+8)
1.5% more ownership
Funds ownership: 27.89% → 29.39% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less capital invested
Capital invested by funds: $482M → $450M (-$31.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$42.9M |
| 2 |
Lazard Asset Management
New York
|
+$3.53M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.05M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.69M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$9.47M |
| 2 |
Morgan Stanley
New York
|
-$5.38M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
-$3.67M |
| 4 |
PIWA
Prevail Innovative Wealth Advisors
Leawood,
Kansas
|
-$3.57M |
| 5 |
QC
Quantedge Capital
Singapore
|
-$3.35M |
BTX Hedge Fund Activity: Q3 2023 in Review
114 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q3 2023, worth a combined $450M — down 6.6% from $482M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BTX positions and 12 closed out — a net gain of 8 holders — while 39 added to existing stakes and 32 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $42.9M. The largest seller was Clough Capital Partners, cutting an estimated $9.47M.
- 114 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q3 2023, up from 106 in Q2 2023.
- Funds reported $450M of BlackRock Technology and Private Equity Term Trust stock for Q3 2023, down 6.6% quarter-over-quarter.
- 20 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q3 2023 and 12 closed out, a net change of +8 holders.
- The largest BlackRock Technology and Private Equity Term Trust buyer in Q3 2023 was Saba Capital Management, an estimated $42.9M added.
- The largest BlackRock Technology and Private Equity Term Trust seller in Q3 2023 was Clough Capital Partners, an estimated $9.47M sold.
Based on aggregated 13F filings for Q3 2023.