BlackRock ESG Capital Allocation Term Trust
ECAT
74 hedge funds and large institutions have $670M invested in BlackRock ESG Capital Allocation Term Trust in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 27 increasing their positions, 15 reducing their positions, and 19 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 15
4% less capital invested
Capital invested by funds: $697M → $670M (-$27.4M)
2.59% less ownership
Funds ownership: 43.7% → 41.12% (-2.6%)
6% less funds holding
Funds holding: 79 → 74 (-5)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.48M |
| 2 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
+$1.39M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.08M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.05M |
| 5 |
Jane Street
New York
|
+$768K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$15.6M |
| 2 |
SCM
Saba Capital Management
New York
|
-$13.2M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.83M |
| 4 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$3.33M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$3.01M |
ECAT Hedge Fund Activity: Q3 2025 in Review
74 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock ESG Capital Allocation Term Trust (ECAT) for Q3 2025, worth a combined $670M — down 3.9% from $697M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of ECAT and 14 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 27 added.
The largest buyer was Penserra Capital Management, adding an estimated $2.48M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $15.6M sold.
- 74 institutional investors held BlackRock ESG Capital Allocation Term Trust (ECAT) as of Q3 2025, down from 79 in Q2 2025.
- Funds reported $670M of BlackRock ESG Capital Allocation Term Trust stock for Q3 2025, down 3.9% quarter-over-quarter.
- 14 funds opened new BlackRock ESG Capital Allocation Term Trust positions in Q3 2025 and 19 closed out, a net change of -5 holders.
- The largest BlackRock ESG Capital Allocation Term Trust buyer in Q3 2025 was Penserra Capital Management, an estimated $2.48M added.
- The largest BlackRock ESG Capital Allocation Term Trust seller in Q3 2025 was Sit Investment Associates, an estimated $15.6M sold.
Based on aggregated 13F filings for Q3 2025.