BlackRock ESG Capital Allocation Term Trust
ECAT
65 hedge funds and large institutions have $569M invested in BlackRock ESG Capital Allocation Term Trust in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 36 increasing their positions, 11 reducing their positions, and 12 closing their positions.
227% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 11
3.71% more ownership
Funds ownership: 32.05% → 35.76% (+3.7%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
4% less capital invested
Capital invested by funds: $593M → $569M (-$23.9M)
8% less funds holding
Funds holding: 71 → 65 (-6)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$42.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$21.7M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.58M |
| 4 |
Morgan Stanley
New York
|
+$6.52M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$3.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$9.48M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$8.39M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$5.77M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$5.24M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$4.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$134K | -10,000 | Closed |
|
|
IA
77
IFP Advisors
Tampa,
Florida
| – | -$7K | -327 | Closed |
|
ECAT Hedge Fund Activity: Q1 2023 in Review
65 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock ESG Capital Allocation Term Trust (ECAT) for Q1 2023, worth a combined $569M — down 4% from $593M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ECAT and 6 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 36 added.
The largest buyer was Saba Capital Management, adding an estimated $42.2M. The largest seller was Almitas Capital, cutting an estimated $9.48M.
- 65 institutional investors held BlackRock ESG Capital Allocation Term Trust (ECAT) as of Q1 2023, down from 71 in Q4 2022.
- Funds reported $569M of BlackRock ESG Capital Allocation Term Trust stock for Q1 2023, down 4% quarter-over-quarter.
- 6 funds opened new BlackRock ESG Capital Allocation Term Trust positions in Q1 2023 and 12 closed out, a net change of -6 holders.
- The largest BlackRock ESG Capital Allocation Term Trust buyer in Q1 2023 was Saba Capital Management, an estimated $42.2M added.
- The largest BlackRock ESG Capital Allocation Term Trust seller in Q1 2023 was Almitas Capital, an estimated $9.48M sold.
Based on aggregated 13F filings for Q1 2023.