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BlackRock TCP Capital
TCPC

95 hedge funds and large institutions have $204M invested in BlackRock TCP Capital in 2013 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 39 increasing their positions, 19 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

105% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 19

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

63% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 16

12% more funds holding

Funds holding: 85 → 95 (+10)

11% more capital invested

Capital invested by funds: $184M → $204M (+$20M)

20% less call options, than puts

Call options by funds: $547K | Put options by funds: $686K

Holders
95
Holders Change
+10
Holders Change %
+11.76%
% of All Funds
3.08%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.16%
New
26
Increased
39
Reduced
19
Closed
16
Calls
$547K
Puts
$686K
Net Calls
-$139K
Net Calls Change
+$180K

Top Buyers

Rank Fund Capital Flow
1
VNIM
Vaughan Nelson Investment Management
Texas
+$15.2M
2
TA
Teachers Advisors
New York
+$7.56M
3
GC
Guggenheim Capital
Illinois
+$3.82M
4
Northern Trust
Northern Trust
Illinois
+$2.71M
5
Natixis Advisors
Natixis Advisors
Massachusetts
+$2.64M

Top Sellers

Rank Fund Capital Flow
1
NI
Numeric Investors
Massachusetts
-$10.1M
2
AL
AJO LP
Pennsylvania
-$7.66M
3
RFC
Russell Frank Company
Washington
-$4.04M
4
TC
TFS Capital
Pennsylvania
-$2.25M
5
CAM
ClariVest Asset Management
California
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
KCM
26
Kennedy Capital Management
Missouri
$1.61M – – –
GT
27
Glenmede Trust
Pennsylvania
$1.61M +$471K +29,541 +42%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$1.48M +$200K +12,558 +16%
BIM
29
BlackRock Investment Management
Delaware
$1.48M +$57.1K +3,585 +4%
AAMU
30
Amundi Asset Management US
Massachusetts
$1.37M +$1.11M +69,658 +477%
AQR Capital Management
31
AQR Capital Management
Connecticut
$1.34M +$1.32M +82,800 New
LC
32
Lubar & Co
Wisconsin
$1.24M – – –
Wellington Management Group
33
Wellington Management Group
Massachusetts
$1.12M +$784K +49,200 +245%
State Board of Administration of Florida Retirement System
34
State Board of Administration of Florida Retirement System
Florida
$1.08M +$12.8K +806 +1%
Millennium Management
35
Millennium Management
New York
$923K +$906K +56,879 New
FNYS
36
First New York Securities
New York
$812K +$401K +25,167 +101%
LCM
37
Laurion Capital Management
New York
$811K +$797K +50,000 New
Tudor Investment Corp
38
Tudor Investment Corp
Connecticut
$775K +$761K +47,733 New
GCM
39
Grisanti Capital Management
New York
$768K +$754K +47,295 New
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$754K +$19.1K +1,200 +3%
RJA
41
Raymond James & Associates
Florida
$754K +$56.6K +3,554 +8%
BIG
42
Blackthorn Investment Group
Kansas
$739K -$212K -13,327 -23%
Prudential Financial
43
Prudential Financial
New Jersey
$688K +$87.7K +5,500 +15%
Brown Advisory
44
Brown Advisory
Maryland
$651K -$146K -9,150 -19%
AI
45
Analytic Investors
California
$644K -$125K -7,849 -17%
Charles Schwab
46
Charles Schwab
California
$602K – – –
SFM
47
Soros Fund Management
New York
$599K +$588K +36,900 New
PAM
48
Panagora Asset Management
Massachusetts
$577K +$27.1K +1,698 +5%
DC
49
Deere & Company
Illinois
$575K +$564K +35,421 New
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$573K -$3.71K -233 -0.7%
1
2
3 4 5

TCPC Hedge Fund Activity: Q3 2013 in Review

95 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2013, worth a combined $204M — up 11% from $184M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new TCPC positions and 16 closed out — a net gain of 10 holders — while 39 added to existing stakes and 19 trimmed.

The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $15.2M. The largest seller was Numeric Investors, exiting entirely with an estimated $10.1M sold.

  • 95 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2013, up from 85 in Q2 2013.
  • Funds reported $204M of BlackRock TCP Capital stock for Q3 2013, up 11% quarter-over-quarter.
  • 26 funds opened new BlackRock TCP Capital positions in Q3 2013 and 16 closed out, a net change of +10 holders.
  • The largest BlackRock TCP Capital buyer in Q3 2013 was Vaughan Nelson Investment Management, an estimated $15.2M added.
  • The largest BlackRock TCP Capital seller in Q3 2013 was Numeric Investors, an estimated $10.1M sold.

Based on aggregated 13F filings for Q3 2013.