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BlackRock TCP Capital
TCPC

99 hedge funds and large institutions have $311M invested in BlackRock TCP Capital in 2014 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

656% more call options, than puts

Call options by funds: $2.58M | Put options by funds: $341K

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

0% more capital invested

Capital invested by funds: $310M → $311M (+$1.05M)

7% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 30

3% less funds holding

Funds holding: 102 → 99 (-3)

11% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 28

Holders
99
Holders Change
-3
Holders Change %
-2.94%
% of All Funds
2.85%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.11%
New
25
Increased
28
Reduced
30
Closed
28
Calls
$2.58M
Puts
$341K
Net Calls
+$2.24M
Net Calls Change
+$1.23M

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$15.3M
2
ClearBridge Investments
ClearBridge Investments
New York
+$4.12M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$3.57M
4
Deutsche Bank
Deutsche Bank
Germany
+$3.28M
5
PP
Paloma Partners
Connecticut
+$2.57M

Top Sellers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
-$16.4M
2
TA
Teachers Advisors
New York
-$10.3M
3
State Street
State Street
Massachusetts
-$9.57M
4
BIT
BlackRock Institutional Trust
California
-$7.26M
5
Millennium Management
Millennium Management
New York
-$6.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$2.02M +$1.61M +95,725 +636%
AllianceBernstein
27
AllianceBernstein
Tennessee
$1.95M +$1.05M +62,224 +139%
NFA
28
Nationwide Fund Advisors
Ohio
$1.92M -$535K -31,846 -23%
SCM
29
Sterling Capital Management
North Carolina
$1.91M +$41.5K +2,468 +2%
COPPSERS
30
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.89M +$1.74M +103,746 New
Norges Bank
31
Norges Bank
Norway
$1.82M +$1.68M +100,182 New
Neuberger Berman Group
32
Neuberger Berman Group
New York
$1.8M -$555K -33,000 -25%
State Street
33
State Street
Massachusetts
$1.78M -$9.57M -569,225 -85%
LP
34
LMR Partners
United Kingdom
$1.77M +$1.64M +97,409 New
VanEck Associates
35
VanEck Associates
New York
$1.59M +$494K +29,412 +51%
Jane Street
36
Jane Street
New York
$1.41M +$1.3M +77,370 New
AAM
37
Advisors Asset Management
Colorado
$1.4M +$1.29M +76,964 New
LC
38
Lubar & Co
Wisconsin
$1.39M – – –
DCM
39
Driehaus Capital Management
Illinois
$1.37M +$2.25M +133,934 New
GCM
40
Grisanti Capital Management
New York
$1.34M -$21.4K -1,270 -2%
Millennium Management
41
Millennium Management
New York
$1.32M -$6.32M -375,873 -84%
GC
42
Guggenheim Capital
Illinois
$1.27M +$992K +58,977 +537%
AR
43
Advisory Research
Illinois
$1.26M – – –
SMDAM
44
Sumitomo Mitsui DS Asset Management
Japan
$1.26M – – –
NIMC
45
NWQ Investment Management Company
California
$1.17M -$3.8M -225,950 -78%
RJA
46
Raymond James & Associates
Florida
$987K -$99.3K -5,909 -10%
DADC
47
D.A. Davidson & Co
Montana
$969K +$760K +45,227 +564%
Bank of America
48
Bank of America
North Carolina
$828K +$729K +43,341 +2,022%
SFM
49
Soros Fund Management
New York
$812K +$750K +44,600 New
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$773K +$714K +42,452 New
1
2
3 4 5

TCPC Hedge Fund Activity: Q2 2014 in Review

99 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2014, worth a combined $311M — up 0.34% from $310M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of TCPC and 25 opened new positions — a net loss of 3 holders — while 30 trimmed existing stakes and 28 added.

The largest buyer was Wells Fargo, adding an estimated $15.3M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $16.4M sold.

  • 99 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2014, down from 102 in Q1 2014.
  • Funds reported $311M of BlackRock TCP Capital stock for Q2 2014, up 0.34% quarter-over-quarter.
  • 25 funds opened new BlackRock TCP Capital positions in Q2 2014 and 28 closed out, a net change of -3 holders.
  • The largest BlackRock TCP Capital buyer in Q2 2014 was Wells Fargo, an estimated $15.3M added.
  • The largest BlackRock TCP Capital seller in Q2 2014 was BlackRock Fund Advisors, an estimated $16.4M sold.

Based on aggregated 13F filings for Q2 2014.