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BTX

BlackRock Technology and Private Equity Term Trust
BTX

97 hedge funds and large institutions have $180M invested in BlackRock Technology and Private Equity Term Trust in 2025 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 23

41% more capital invested

Capital invested by funds: $128M → $180M (+$52M)

39% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 18

7% more funds holding

Funds holding: 91 → 97 (+6)

3.84% more ownership

Funds ownership: 8.95% → 12.79% (+3.8%)

Holders
97
Holders Change
+6
Holders Change %
+6.59%
% of All Funds
1.18%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
25
Increased
34
Reduced
23
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Lazard Asset Management
Lazard Asset Management
New York
+$22.7M
2
Morgan Stanley
Morgan Stanley
New York
+$13M
3
QC
Quantedge Capital
Singapore
+$4.92M
4
AIA
Absolute Investment Advisers
Florida
+$4.26M
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.65M

Top Sellers

1
Raymond James Financial
Raymond James Financial
Florida
-$2.87M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$1.94M
3
Bank of America
Bank of America
North Carolina
-$1.16M
4
UBS Group
UBS Group
Switzerland
-$659K
5
Millennium Management
Millennium Management
New York
-$621K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$48.1M +$13M +1,929,650 +36%
Lazard Asset Management
2
Lazard Asset Management
New York
$22.3M +$22.7M +3,378,783 New
PCM
3
Penserra Capital Management
California
$19.9M +$1.88M +279,264 +10%
Invesco
4
Invesco
Georgia
$11.9M +$1.42M +211,545 +13%
Raymond James Financial
5
Raymond James Financial
Florida
$6.04M -$2.87M -426,773 -32%
QC
6
Quantedge Capital
Singapore
$5.85M +$4.92M +731,750 +471%
WAM
7
Wolverine Asset Management
Illinois
$5.09M +$1.65M +245,016 +46%
RAM
8
Readystate Asset Management
Illinois
$4.53M +$2.34M +348,002 +103%
AIA
9
Absolute Investment Advisers
Florida
$4.3M +$4.26M +633,924 New
UBS Group
10
UBS Group
Switzerland
$3.93M -$659K -98,059 -14%
MC
11
Matisse Capital
Oregon
$3.76M +$135K +20,000 +4%
ZCP
12
Z3 Capital Partners
Virginia
$3.74M +$3.82M +567,388 New
TJHA
13
Thomas J. Herzfeld Advisors
Florida
$3.58M +$3.65M +543,195 New
AAM
14
Advisors Asset Management
Colorado
$3.39M +$587K +87,217 +20%
Ameriprise
15
Ameriprise
Minnesota
$2.99M -$49.2K -7,317 -2%
Bank of America
16
Bank of America
North Carolina
$2.75M -$1.16M -172,749 -29%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$2.53M -$539K -80,141 -17%
Jane Street
18
Jane Street
New York
$2.18M -$320K -47,572 -13%
Rockefeller Capital Management
19
Rockefeller Capital Management
New York
$2.16M -$103K -15,242 -4%
BBPWM
20
Blue Bell Private Wealth Management
Pennsylvania
$1.58M +$747K +111,141 +86%
NA
21
NewEdge Advisors
Louisiana
$1.58M +$571K +84,883 +55%
OC
22
Oppenheimer & Co
New York
$1.47M -$50.6K -7,528 -3%
SFS
23
Shaker Financial Services
Virginia
$1.28M +$338K +50,270 +35%
PAG
24
Private Advisor Group
New Jersey
$1.27M +$358K +53,234 +38%
QCM
25
Quantinno Capital Management
New York
$1.15M +$67.3K +10,000 +6%
1
2 3 4 5

BTX Hedge Fund Activity: Q4 2025 in Review

97 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in BlackRock Technology and Private Equity Term Trust (BTX) for Q4 2025, worth a combined $180M — up 41% from $128M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new BTX positions and 18 closed out — a net gain of 7 holders — while 34 added to existing stakes and 23 trimmed.

The largest buyer was Lazard Asset Management, opening a new position worth an estimated $22.7M. The largest seller was Raymond James Financial, cutting an estimated $2.87M.

  • 97 institutional investors held BlackRock Technology and Private Equity Term Trust (BTX) as of Q4 2025, up from 91 in Q3 2025.
  • Funds reported $180M of BlackRock Technology and Private Equity Term Trust stock for Q4 2025, up 41% quarter-over-quarter.
  • 25 funds opened new BlackRock Technology and Private Equity Term Trust positions in Q4 2025 and 18 closed out, a net change of +7 holders.
  • The largest BlackRock Technology and Private Equity Term Trust buyer in Q4 2025 was Lazard Asset Management, an estimated $22.7M added.
  • The largest BlackRock Technology and Private Equity Term Trust seller in Q4 2025 was Raymond James Financial, an estimated $2.87M sold.

Based on aggregated 13F filings for Q4 2025.