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BlackRock TCP Capital
TCPC

92 hedge funds and large institutions have $364M invested in BlackRock TCP Capital in 2014 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 19

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

42% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 19

29% more capital invested

Capital invested by funds: $282M → $364M (+$82.6M)

7% more funds holding

Funds holding: 86 → 92 (+6)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $374K

Holders
92
Holders Change
+6
Holders Change %
+6.98%
% of All Funds
2.45%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.08%
New
27
Increased
33
Reduced
19
Closed
19
Calls
–
Puts
$374K
Net Calls
-$374K
Net Calls Change
+$2.35M

Top Buyers

Rank Fund Capital Flow
1
ClearBridge Investments
ClearBridge Investments
New York
+$24.9M
2
Wells Fargo
Wells Fargo
California
+$13.9M
3
VNIM
Vaughan Nelson Investment Management
Texas
+$7.73M
4
AAM
Advisors Asset Management
Colorado
+$4.51M
5
AllianceBernstein
AllianceBernstein
Tennessee
+$3.49M

Top Sellers

Rank Fund Capital Flow
1
K
Kemper
Illinois
-$9.11M
2
Goldman Sachs
Goldman Sachs
New York
-$1.43M
3
Axa
Axa
France
-$1.4M
4
Norges Bank
Norges Bank
Norway
-$785K
5
Millennium Management
Millennium Management
New York
-$741K
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
26
D.A. Davidson & Co
Montana
$1.82M +$340K +20,752 +24%
NFA
27
Nationwide Fund Advisors
Ohio
$1.77M – – –
GCM
28
Grisanti Capital Management
New York
$1.71M +$15.7K +955 +0.9%
Millennium Management
29
Millennium Management
New York
$1.69M -$741K -45,158 -31%
RJA
30
Raymond James & Associates
Florida
$1.69M +$638K +38,881 +63%
State Street
31
State Street
Massachusetts
$1.67M +$54.1K +3,300 +3%
California Public Employees Retirement System
32
California Public Employees Retirement System
California
$1.62M – – –
MPAM
33
Monarch Partners Asset Management
Massachusetts
$1.53M +$110K +6,700 +8%
BCM
34
Buckhead Capital Management
Georgia
$1.43M -$20.7K -1,262 -1%
AIM
35
Allen Investment Management
New York
$1.41M +$1.38M +83,852 New
TFCM
36
Taylor Frigon Capital Management
Arizona
$1.31M +$1.28M +78,289 New
LC
37
Lubar & Co
Wisconsin
$1.28M – – –
C
38
CFO4Life
Texas
$1.25M +$1.23M +74,780 New
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$1.09M +$781K +47,618 +277%
PAWC
40
P.A.W. Capital
Connecticut
$1.01M +$984K +60,000 New
FMP
41
Financial Management Professionals
Texas
$987K +$965K +58,812 New
Goldman Sachs
42
Goldman Sachs
New York
$985K -$1.43M -87,135 -60%
Legal & General Group
43
Legal & General Group
United Kingdom
$912K +$894K +54,487 New
AR
44
Advisory Research
Illinois
$791K -$693K -42,250 -47%
SMDAM
45
Sumitomo Mitsui DS Asset Management
Japan
$791K -$693K -42,250 -47%
VIA
46
Vident Investment Advisory
Georgia
$736K +$719K +43,865 New
Two Sigma Investments
47
Two Sigma Investments
New York
$703K +$687K +41,890 New
CBB
48
Citizens Business Bank
California
$671K +$656K +40,000 New
AIG
49
American International Group
New York
$659K +$55.4K +3,377 +9%
SEI Investments
50
SEI Investments
Pennsylvania
$615K +$601K +36,646 New
1
2
3 4 5

TCPC Hedge Fund Activity: Q4 2014 in Review

92 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q4 2014, worth a combined $364M — up 29% from $282M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new TCPC positions and 19 closed out — a net gain of 8 holders — while 33 added to existing stakes and 19 trimmed.

The largest buyer was ClearBridge Investments, adding an estimated $24.9M. The largest seller was Kemper, exiting entirely with an estimated $9.11M sold.

  • 92 institutional investors held BlackRock TCP Capital (TCPC) as of Q4 2014, up from 86 in Q3 2014.
  • Funds reported $364M of BlackRock TCP Capital stock for Q4 2014, up 29% quarter-over-quarter.
  • 27 funds opened new BlackRock TCP Capital positions in Q4 2014 and 19 closed out, a net change of +8 holders.
  • The largest BlackRock TCP Capital buyer in Q4 2014 was ClearBridge Investments, an estimated $24.9M added.
  • The largest BlackRock TCP Capital seller in Q4 2014 was Kemper, an estimated $9.11M sold.

Based on aggregated 13F filings for Q4 2014.