We are live on ! Find out more
TCPC icon

BlackRock TCP Capital
TCPC

96 hedge funds and large institutions have $460M invested in BlackRock TCP Capital in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 42 increasing their positions, 32 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 32

23% more capital invested

Capital invested by funds: $375M → $460M (+$85.3M)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

5% less funds holding

Funds holding: 101 → 96 (-5)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

Holders
96
Holders Change
-5
Holders Change %
-4.95%
% of All Funds
2.56%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
8
Increased
42
Reduced
32
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BAM
Burgundy Asset Management
Ontario, Canada
+$50M
2
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
+$9.6M
3
MC
Muzinich & Co
New York
+$5.7M
4
Wells Fargo
Wells Fargo
California
+$4.92M
5
AM
Ares Management
California
+$4.15M

Top Sellers

Rank Fund Capital Flow
1
Axa
Axa
France
-$12.6M
2
Invesco
Invesco
Georgia
-$1.78M
3
AAM
Advisors Asset Management
Colorado
-$1.64M
4
ClearBridge Investments
ClearBridge Investments
New York
-$1.34M
5
Millennium Management
Millennium Management
New York
-$1.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
PI
26
Putnam Investments
Massachusetts
$2.88M -$674K -42,115 -19%
WFI
27
West Family Investments
California
$2.74M – – –
Two Sigma Investments
28
Two Sigma Investments
New York
$2.56M +$1.76M +110,116 +238%
Stifel Financial
29
Stifel Financial
Missouri
$2.32M +$172K +10,771 +8%
DADC
30
D.A. Davidson & Co
Montana
$2.12M +$205K +12,801 +11%
NFA
31
Nuveen Fund Advisors
Illinois
$2M +$163K +10,196 +9%
PAWC
32
P.A.W. Capital
Connecticut
$1.97M -$480K -30,000 -20%
Two Sigma Advisers
33
Two Sigma Advisers
New York
$1.9M +$1.21M +75,303 +184%
AAMU
34
Amundi Asset Management US
Massachusetts
$1.85M -$322K -20,086 -15%
Legal & General Group
35
Legal & General Group
United Kingdom
$1.77M +$188K +11,754 +12%
California Public Employees Retirement System
36
California Public Employees Retirement System
California
$1.51M -$94.4K -5,900 -6%
RJA
37
Raymond James & Associates
Florida
$1.39M +$189K +11,815 +16%
GCP
38
GSA Capital Partners
United Kingdom
$1.36M +$119K +7,419 +10%
AR
39
Advisory Research
Illinois
$1.26M +$399K +24,912 +48%
LC
40
Lubar & Co
Wisconsin
$1.25M – – –
Susquehanna International Group
41
Susquehanna International Group
Pennsylvania
$1.25M +$115K +7,200 +10%
SMDAM
42
Sumitomo Mitsui DS Asset Management
Japan
$1.12M +$355K +22,161 +48%
CBB
43
Citizens Business Bank
California
$1.1M – – –
BCM
44
Buckhead Capital Management
Georgia
$1.06M -$687K -42,905 -40%
RJFSA
45
Raymond James Financial Services Advisors
Florida
$1.03M -$49.1K -3,066 -5%
Deutsche Bank
46
Deutsche Bank
Germany
$886K -$221K -13,817 -20%
TG
47
TCW Group
California
$878K -$453K -28,300 -35%
RVPG
48
Relative Value Partners Group
$871K -$88K -5,500 -9%
AIM
49
Allen Investment Management
New York
$729K -$379K -23,667 -35%
Northern Trust
50
Northern Trust
Illinois
$698K -$183K -11,417 -21%
1
2
3 4 5

TCPC Hedge Fund Activity: Q3 2016 in Review

96 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2016, worth a combined $460M — up 23% from $375M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of TCPC and 8 opened new positions — a net loss of 3 holders — while 32 trimmed existing stakes and 42 added.

The largest buyer was Burgundy Asset Management, opening a new position worth an estimated $50M. The largest seller was Axa, exiting entirely with an estimated $12.6M sold.

  • 96 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2016, down from 101 in Q2 2016.
  • Funds reported $460M of BlackRock TCP Capital stock for Q3 2016, up 23% quarter-over-quarter.
  • 8 funds opened new BlackRock TCP Capital positions in Q3 2016 and 11 closed out, a net change of -3 holders.
  • The largest BlackRock TCP Capital buyer in Q3 2016 was Burgundy Asset Management, an estimated $50M added.
  • The largest BlackRock TCP Capital seller in Q3 2016 was Axa, an estimated $12.6M sold.

Based on aggregated 13F filings for Q3 2016.