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BlackRock TCP Capital
TCPC

86 hedge funds and large institutions have $282M invested in BlackRock TCP Capital in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 19 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

126% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 19

9% less capital invested

Capital invested by funds: $311M → $282M (-$29.3M)

13% less funds holding

Funds holding: 99 → 86 (-13)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

52% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 25

94% less call options, than puts

Call options by funds: $169K | Put options by funds: $2.89M

Holders
86
Holders Change
-13
Holders Change %
-13.13%
% of All Funds
2.5%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.06%
New
12
Increased
43
Reduced
19
Closed
25
Calls
$169K
Puts
$2.89M
Net Calls
-$2.72M
Net Calls Change
-$4.96M

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$13.6M
2
ClearBridge Investments
ClearBridge Investments
New York
+$5.81M
3
VNIM
Vaughan Nelson Investment Management
Texas
+$4.82M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$3.89M
5
AAM
Advisors Asset Management
Colorado
+$1.91M

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$4.08M
2
Deutsche Bank
Deutsche Bank
Germany
-$3.29M
3
CS
Credit Suisse
Switzerland
-$3.15M
4
K
Kemper
Illinois
-$3.02M
5
PP
Paloma Partners
Connecticut
-$2.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
26
Neuberger Berman Group
New York
$1.8M +$225K +13,000 +13%
NFA
27
Nationwide Fund Advisors
Ohio
$1.69M – – –
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$1.64M +$1.77M +101,900 New
GCM
29
Grisanti Capital Management
New York
$1.63M +$474K +27,350 +37%
VanEck Associates
30
VanEck Associates
New York
$1.6M +$216K +12,490 +14%
State Street
31
State Street
Massachusetts
$1.55M -$20.8K -1,200 -1%
AR
32
Advisory Research
Illinois
$1.44M +$345K +19,910 +29%
SMDAM
33
Sumitomo Mitsui DS Asset Management
Japan
$1.44M +$345K +19,910 +29%
DADC
34
D.A. Davidson & Co
Montana
$1.41M +$593K +34,233 +64%
BCM
35
Buckhead Capital Management
Georgia
$1.39M -$708K -40,896 -32%
MPAM
36
Monarch Partners Asset Management
Massachusetts
$1.36M -$873K -50,375 -37%
LC
37
Lubar & Co
Wisconsin
$1.23M – – –
RJA
38
Raymond James & Associates
Florida
$993K +$132K +7,612 +14%
Deutsche Bank
39
Deutsche Bank
Germany
$887K -$3.29M -190,072 -77%
Norges Bank
40
Norges Bank
Norway
$805K -$868K -50,091 -50%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$666K +$700K +40,390 +4,039%
VFS
42
VSR Financial Services
Kansas
$586K +$294K +17,000 +87%
AIG
43
American International Group
New York
$577K -$13K -750 -2%
AI
44
Atria Investments
North Carolina
$508K +$8.14K +470 +2%
WRM
45
Westport Resources Management
Connecticut
$491K +$624 +36 +0.1%
IMS
46
Index Management Solutions
Pennsylvania
$438K +$93.5K +5,397 +25%
ACM
47
Akanthos Capital Management
California
$402K +$433K +25,000 New
DCM
48
Dialectic Capital Management
Connecticut
$401K +$433K +25,000 New
Northern Trust
49
Northern Trust
Illinois
$327K -$4.08M -235,479 -92%
OC
50
Oppenheimer & Co
New York
$325K -$153K -8,855 -30%
1
2
3 4 5

TCPC Hedge Fund Activity: Q3 2014 in Review

86 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2014, worth a combined $282M — down 9.4% from $311M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of TCPC and 12 opened new positions — a net loss of 13 holders — while 19 trimmed existing stakes and 43 added.

The largest buyer was Wells Fargo, adding an estimated $13.6M. The largest seller was Northern Trust, cutting an estimated $4.08M.

  • 86 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2014, down from 99 in Q2 2014.
  • Funds reported $282M of BlackRock TCP Capital stock for Q3 2014, down 9.4% quarter-over-quarter.
  • 12 funds opened new BlackRock TCP Capital positions in Q3 2014 and 25 closed out, a net change of -13 holders.
  • The largest BlackRock TCP Capital buyer in Q3 2014 was Wells Fargo, an estimated $13.6M added.
  • The largest BlackRock TCP Capital seller in Q3 2014 was Northern Trust, an estimated $4.08M sold.

Based on aggregated 13F filings for Q3 2014.