BlackRock ESG Capital Allocation Term Trust
ECAT
71 hedge funds and large institutions have $818M invested in BlackRock ESG Capital Allocation Term Trust in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 34 reducing their positions, and 10 closing their positions.
6% more capital invested
Capital invested by funds: $772M → $818M (+$46.1M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.69% less ownership
Funds ownership: 46.91% → 46.21% (-0.69%)
4% less funds holding
Funds holding: 74 → 71 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
44% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$74.4M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$3.81M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.09M |
| 4 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$1.68M |
| 5 |
Millennium Management
New York
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$58.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$12.5M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.46M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.21M |
| 5 |
D.E. Shaw & Co
New York
|
-$4.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Creative Planning
Overland Park,
Kansas
| – | -$230K | -14,250 | Closed |
|
77
Jane Street
New York
| – | -$220K | -13,610 | Closed |
|
|
CIA
78
Cape Investment Advisory
Mcdonough,
Georgia
| – | -$97.7K | -6,058 | Closed |
|
|
NFA
79
Northwest Financial Advisors
Herndon,
Virginia
| – | -$27.3K | -1,690 | Closed |
|
|
SWM
80
Sugarloaf Wealth Management
Duluth,
Georgia
| – | -$13.3K | -825 | Closed |
|
|
ASN
81
Advisory Services Network
Atlanta,
Georgia
| – | -$4.03K | -250 | Closed |
|
ECAT Hedge Fund Activity: Q1 2024 in Review
71 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock ESG Capital Allocation Term Trust (ECAT) for Q1 2024, worth a combined $818M — up 6% from $772M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of ECAT and 7 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 19 added.
The largest buyer was Saba Capital Management, adding an estimated $74.4M. The largest seller was Morgan Stanley, cutting an estimated $58.1M.
- 71 institutional investors held BlackRock ESG Capital Allocation Term Trust (ECAT) as of Q1 2024, down from 74 in Q4 2023.
- Funds reported $818M of BlackRock ESG Capital Allocation Term Trust stock for Q1 2024, up 6% quarter-over-quarter.
- 7 funds opened new BlackRock ESG Capital Allocation Term Trust positions in Q1 2024 and 10 closed out, a net change of -3 holders.
- The largest BlackRock ESG Capital Allocation Term Trust buyer in Q1 2024 was Saba Capital Management, an estimated $74.4M added.
- The largest BlackRock ESG Capital Allocation Term Trust seller in Q1 2024 was Morgan Stanley, an estimated $58.1M sold.
Based on aggregated 13F filings for Q1 2024.