BlackRock Technology and Private Equity Term Trust
117 hedge funds and large institutions have $598M invested in BlackRock Technology and Private Equity Term Trust in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 32 increasing their positions, 41 reducing their positions, and 21 closing their positions.
33% more capital invested
Capital invested by funds: $450M → $598M (+$147M)
14% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 21
7.67% more ownership
Funds ownership: 29.39% → 37.06% (+7.7%)
3% more funds holding
Funds holding: 114 → 117 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
22% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$144M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$14.9M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.98M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.34M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$8.27M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$7.69M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
-$5.95M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.79M |
BTX Hedge Fund Activity: Q4 2023 in Review
117 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q4 2023, worth a combined $598M — up 33% from $450M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new BTX positions and 21 closed out — a net gain of 3 holders — while 32 added to existing stakes and 41 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $144M. The largest seller was Morgan Stanley, cutting an estimated $10.3M.
- 117 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q4 2023, up from 114 in Q3 2023.
- Funds reported $598M of BlackRock Technology and Private Equity Term Trust stock for Q4 2023, up 33% quarter-over-quarter.
- 24 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q4 2023 and 21 closed out, a net change of +3 holders.
- The largest BlackRock Technology and Private Equity Term Trust buyer in Q4 2023 was Saba Capital Management, an estimated $144M added.
- The largest BlackRock Technology and Private Equity Term Trust seller in Q4 2023 was Morgan Stanley, an estimated $10.3M sold.
Based on aggregated 13F filings for Q4 2023.