BlackRock ESG Capital Allocation Term Trust
ECAT
74 hedge funds and large institutions have $772M invested in BlackRock ESG Capital Allocation Term Trust in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 13 closing their positions.
31% more capital invested
Capital invested by funds: $591M → $772M (+$181M)
7.73% more ownership
Funds ownership: 39.18% → 46.91% (+7.7%)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
3% less funds holding
Funds holding: 76 → 74 (-2)
20% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 30
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$133M |
| 2 |
Morgan Stanley
New York
|
+$21.5M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.93M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$4.6M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$23.2M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$9.98M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$5.74M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
-$5.71M |
| 5 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$3.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AW
76
Atlas Wealth
Cincinnati,
Ohio
| – | -$3.49M | -235,851 | Closed |
|
|
CCP
77
Clough Capital Partners
Boston,
Massachusetts
| – | -$1.08M | -73,300 | Closed |
|
78
Walleye Capital
New York
| – | -$796K | -53,807 | Closed |
|
|
QL
79
Quarry LP
New York
| – | -$661K | -44,700 | Closed |
|
|
SIA
80
SkyView Investment Advisors
Shrewsbury,
New Jersey
| – | -$296K | -20,000 | Closed |
|
|
CCP
81
Carmel Capital Partners
San Diego,
California
| – | -$240K | -16,250 | Closed |
|
82
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$190K | -12,815 | Closed |
|
|
VCM
83
Virtue Capital Management
Brentwood,
Tennessee
| – | -$197K | -12,500 | Closed |
|
|
HF
84
HRT Financial
New York
| – | -$159K | -10,798 | Closed |
|
|
PAS
85
Park Avenue Securities
New York
| – | -$152K | -10,281 | Closed |
|
86
Mariner
Overland Park,
Kansas
| – | -$150K | -10,152 | Closed |
|
87
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$11K | -742 | Closed |
|
ECAT Hedge Fund Activity: Q4 2023 in Review
74 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock ESG Capital Allocation Term Trust (ECAT) for Q4 2023, worth a combined $772M — up 31% from $591M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of ECAT and 12 opened new positions — a net loss of 1 holder — while 30 trimmed existing stakes and 24 added.
The largest buyer was Saba Capital Management, adding an estimated $133M. The largest seller was Rivernorth Capital Management, cutting an estimated $23.2M.
- 74 institutional investors held BlackRock ESG Capital Allocation Term Trust (ECAT) as of Q4 2023, down from 76 in Q3 2023.
- Funds reported $772M of BlackRock ESG Capital Allocation Term Trust stock for Q4 2023, up 31% quarter-over-quarter.
- 12 funds opened new BlackRock ESG Capital Allocation Term Trust positions in Q4 2023 and 13 closed out, a net change of -1 holder.
- The largest BlackRock ESG Capital Allocation Term Trust buyer in Q4 2023 was Saba Capital Management, an estimated $133M added.
- The largest BlackRock ESG Capital Allocation Term Trust seller in Q4 2023 was Rivernorth Capital Management, an estimated $23.2M sold.
Based on aggregated 13F filings for Q4 2023.