BlackRock ESG Capital Allocation Term Trust
ECAT
80 hedge funds and large institutions have $697M invested in BlackRock ESG Capital Allocation Term Trust in 2025 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 10 closing their positions.
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
20% more capital inflows, than outflows
Capital inflows: $49.2M | Capital outflows: $41M
10% more funds holding
Funds holding: 73 → 80 (+7)
4.05% more ownership
Funds ownership: 39.65% → 43.71% (+4.1%)
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$19.1M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$14.9M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.96M |
| 4 |
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.57M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$13.7M |
| 2 |
Karpus Investment Management
Pittsford,
New York
|
-$10.2M |
| 3 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.62M |
| 4 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$3.3M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$2.56M |
ECAT Hedge Fund Activity: Q2 2025 in Review
80 of the 7,624 institutional investors tracked by Wall St. Rank reported a position in BlackRock ESG Capital Allocation Term Trust (ECAT) for Q2 2025, worth a combined $697M — up 3.2% from $676M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new ECAT positions and 10 closed out — a net gain of 7 holders — while 23 added to existing stakes and 21 trimmed.
The largest buyer was BlackRock, opening a new position worth an estimated $19.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $13.7M.
- 80 institutional investors held BlackRock ESG Capital Allocation Term Trust (ECAT) as of Q2 2025, up from 73 in Q1 2025.
- Funds reported $697M of BlackRock ESG Capital Allocation Term Trust stock for Q2 2025, up 3.2% quarter-over-quarter.
- 17 funds opened new BlackRock ESG Capital Allocation Term Trust positions in Q2 2025 and 10 closed out, a net change of +7 holders.
- The largest BlackRock ESG Capital Allocation Term Trust buyer in Q2 2025 was BlackRock, an estimated $19.1M added.
- The largest BlackRock ESG Capital Allocation Term Trust seller in Q2 2025 was Rivernorth Capital Management, an estimated $13.7M sold.
Based on aggregated 13F filings for Q2 2025.