BlackRock ESG Capital Allocation Term Trust
ECAT
67 hedge funds and large institutions have $596M invested in BlackRock ESG Capital Allocation Term Trust in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
3% more funds holding
Funds holding: 65 → 67 (+2)
1.51% more ownership
Funds ownership: 35.76% → 37.26% (+1.5%)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
5% more capital invested
Capital invested by funds: $569M → $596M (+$26.5M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$56.8M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$10.8M |
| 3 |
D.E. Shaw & Co
New York
|
+$7.2M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
+$2.11M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$18M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$13.6M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.84M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.32M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.71M |
ECAT Hedge Fund Activity: Q2 2023 in Review
67 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock ESG Capital Allocation Term Trust (ECAT) for Q2 2023, worth a combined $596M — up 4.7% from $569M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new ECAT positions and 8 closed out — a net gain of 2 holders — while 24 added to existing stakes and 22 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $56.8M. The largest seller was Morgan Stanley, cutting an estimated $18M.
- 67 institutional investors held BlackRock ESG Capital Allocation Term Trust (ECAT) as of Q2 2023, up from 65 in Q1 2023.
- Funds reported $596M of BlackRock ESG Capital Allocation Term Trust stock for Q2 2023, up 4.7% quarter-over-quarter.
- 10 funds opened new BlackRock ESG Capital Allocation Term Trust positions in Q2 2023 and 8 closed out, a net change of +2 holders.
- The largest BlackRock ESG Capital Allocation Term Trust buyer in Q2 2023 was Saba Capital Management, an estimated $56.8M added.
- The largest BlackRock ESG Capital Allocation Term Trust seller in Q2 2023 was Morgan Stanley, an estimated $18M sold.
Based on aggregated 13F filings for Q2 2023.