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BlackRock TCP Capital
TCPC

102 hedge funds and large institutions have $310M invested in BlackRock TCP Capital in 2014 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 35 increasing their positions, 34 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

325% more call options, than puts

Call options by funds: $1.32M | Put options by funds: $310K

29% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 14

14% more capital invested

Capital invested by funds: $273M → $310M (+$37.1M)

3% more funds holding

Funds holding: 99 → 102 (+3)

3% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 34

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
102
Holders Change
+3
Holders Change %
+3.03%
% of All Funds
2.95%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
18
Increased
35
Reduced
34
Closed
14
Calls
$1.32M
Puts
$310K
Net Calls
+$1.01M
Net Calls Change
+$919K

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$12.9M
2
U
UBS
Switzerland
+$10.8M
3
AAMU
Amundi Asset Management US
Massachusetts
+$7.63M
4
Wells Fargo
Wells Fargo
California
+$7.05M
5
Millennium Management
Millennium Management
New York
+$6.5M

Top Sellers

Rank Fund Capital Flow
1
NC
Northpointe Capital
Michigan
-$11.5M
2
KCM
Kennedy Capital Management
Missouri
-$4.55M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$2.67M
4
Two Sigma Investments
Two Sigma Investments
New York
-$1.19M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
26
Buckhead Capital Management
Georgia
$2.63M +$593K +34,604 +28%
TCIM
27
TIAA CREF Investment Management
New York
$2.46M -$40.3K -2,350 -2%
Stifel Financial
28
Stifel Financial
Missouri
$2.42M +$2.51M +146,324 New
NFA
29
Nationwide Fund Advisors
Ohio
$2.27M -$107K -6,232 -4%
Neuberger Berman Group
30
Neuberger Berman Group
New York
$2.18M +$813K +47,450 +56%
MPAM
31
Monarch Partners Asset Management
Massachusetts
$2.16M +$864K +50,378 +63%
BIM
32
BlackRock Investment Management
Delaware
$2.03M +$60.9K +3,555 +3%
GT
33
Glenmede Trust
Pennsylvania
$2M +$18.9K +1,101 +0.9%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$1.91M +$134K +7,843 +7%
SCM
35
Sterling Capital Management
North Carolina
$1.69M +$1.37M +80,084 +361%
AQR Capital Management
36
AQR Capital Management
Connecticut
$1.63M -$727K -42,386 -30%
Vanguard Group
37
Vanguard Group
Pennsylvania
$1.41M -$2.67M -155,882 -65%
LC
38
Lubar & Co
Wisconsin
$1.27M – – –
GCM
39
Grisanti Capital Management
New York
$1.24M -$437K -25,470 -25%
AR
40
Advisory Research
Illinois
$1.15M +$17.1K +1,000 +1%
SMDAM
41
Sumitomo Mitsui DS Asset Management
Japan
$1.15M +$17.1K +1,000 +1%
California State Teachers Retirement System (CalSTRS)
42
California State Teachers Retirement System (CalSTRS)
California
$1.07M +$5.14K +300 +0.5%
RJA
43
Raymond James & Associates
Florida
$995K -$421K -24,560 -29%
Principal Financial Group
44
Principal Financial Group
Iowa
$981K -$3.81K -222 -0.4%
AIG
45
American International Group
New York
$977K +$288K +16,810 +40%
VanEck Associates
46
VanEck Associates
New York
$957K +$378K +22,063 +62%
Charles Schwab
47
Charles Schwab
California
$853K – – –
ARC
48
Absolute Return Capital
Massachusetts
$848K +$878K +51,228 New
Deutsche Bank
49
Deutsche Bank
Germany
$833K -$131K -7,612 -13%
AllianceBernstein
50
AllianceBernstein
Tennessee
$743K +$159K +9,266 +26%
1
2
3 4 5

TCPC Hedge Fund Activity: Q1 2014 in Review

102 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2014, worth a combined $310M — up 14% from $273M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new TCPC positions and 14 closed out — a net gain of 4 holders — while 35 added to existing stakes and 34 trimmed.

The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $12.9M. The largest seller was Northpointe Capital, cutting an estimated $11.5M.

  • 102 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2014, up from 99 in Q4 2013.
  • Funds reported $310M of BlackRock TCP Capital stock for Q1 2014, up 14% quarter-over-quarter.
  • 18 funds opened new BlackRock TCP Capital positions in Q1 2014 and 14 closed out, a net change of +4 holders.
  • The largest BlackRock TCP Capital buyer in Q1 2014 was T. Rowe Price Associates, an estimated $12.9M added.
  • The largest BlackRock TCP Capital seller in Q1 2014 was Northpointe Capital, an estimated $11.5M sold.

Based on aggregated 13F filings for Q1 2014.