BlackRock Technology and Private Equity Term Trust
112 hedge funds and large institutions have $740M invested in BlackRock Technology and Private Equity Term Trust in 2024 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 55 reducing their positions, and 21 closing their positions.
5% more capital invested
Capital invested by funds: $704M → $740M (+$36.4M)
0.11% more ownership
Funds ownership: 43.57% → 43.68% (+0.11%)
7% less funds holding
Funds holding: 121 → 112 (-9)
38% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 55
43% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 21
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$27M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$14.6M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.35M |
| 4 |
Morgan Stanley
New York
|
+$3.78M |
| 5 |
Lazard Asset Management
New York
|
+$3.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$10.1M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.01M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$4.58M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$4.18M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$3.94M |
BTX Hedge Fund Activity: Q3 2024 in Review
112 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q3 2024, worth a combined $740M — up 5.2% from $704M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of BTX and 12 opened new positions — a net loss of 9 holders — while 55 trimmed existing stakes and 34 added.
The largest buyer was Saba Capital Management, adding an estimated $27M. The largest seller was Cornerstone Advisors, cutting an estimated $10.1M.
- 112 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q3 2024, down from 121 in Q2 2024.
- Funds reported $740M of BlackRock Technology and Private Equity Term Trust stock for Q3 2024, up 5.2% quarter-over-quarter.
- 12 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q3 2024 and 21 closed out, a net change of -9 holders.
- The largest BlackRock Technology and Private Equity Term Trust buyer in Q3 2024 was Saba Capital Management, an estimated $27M added.
- The largest BlackRock Technology and Private Equity Term Trust seller in Q3 2024 was Cornerstone Advisors, an estimated $10.1M sold.
Based on aggregated 13F filings for Q3 2024.