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BlackRock TCP Capital
TCPC

100 hedge funds and large institutions have $514M invested in BlackRock TCP Capital in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 34 increasing their positions, 34 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $496M → $514M (+$18M)

0.28% more ownership

Funds ownership: 55.34% → 55.63% (+0.28%)

0% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 34

4% less funds holding

Funds holding: 104 → 100 (-4)

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
100
Holders Change
-4
Holders Change %
-3.85%
% of All Funds
2.49%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
11
Increased
34
Reduced
34
Closed
14
Calls
$201K
Puts
–
Net Calls
+$201K
Net Calls Change
+$201K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$7.39M
2
MC
Muzinich & Co
New York
+$6.86M
3
UBS Group
UBS Group
Switzerland
+$3.63M
4
AR
Advisory Research
Illinois
+$2.46M
5
SMDAM
Sumitomo Mitsui DS Asset Management
Japan
+$2.41M

Top Sellers

Rank Fund Capital Flow
1
BAM
Burgundy Asset Management
Ontario, Canada
-$6.3M
2
LCP
Lombardia Capital Partners
California
-$3.32M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$3.29M
4
ClearBridge Investments
ClearBridge Investments
New York
-$2.78M
5
Wells Fargo
Wells Fargo
California
-$1.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
26
McKinley Capital Management
Alaska
$4.09M +$175K +10,319 +5%
Morgan Stanley
27
Morgan Stanley
New York
$3.71M -$1.21M -71,394 -25%
WFI
28
West Family Investments
California
$2.91M – – –
Two Sigma Investments
29
Two Sigma Investments
New York
$2.54M -$281K -16,551 -10%
Two Sigma Advisers
30
Two Sigma Advisers
New York
$2.5M +$233K +13,746 +11%
DADC
31
D.A. Davidson & Co
Montana
$2.45M +$60.2K +3,543 +3%
Legal & General Group
32
Legal & General Group
United Kingdom
$2.18M +$211K +12,425 +11%
Stifel Financial
33
Stifel Financial
Missouri
$2.06M -$446K -26,291 -18%
AAMU
34
Amundi Asset Management US
Massachusetts
$1.91M – – –
NFA
35
Nuveen Fund Advisors
Illinois
$1.75M +$83.6K +4,921 +5%
PAWC
36
P.A.W. Capital
Connecticut
$1.67M -$408K -24,000 -20%
Millennium Management
37
Millennium Management
New York
$1.61M +$1.12M +65,902 +248%
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$1.45M -$290K -17,100 -17%
GA
39
Geneva Advisors
Illinois
$1.39M +$278K +16,372 +26%
LCP
40
Lombardia Capital Partners
California
$1.36M -$3.32M -195,504 -71%
LC
41
Lubar & Co
Wisconsin
$1.33M – – –
RJA
42
Raymond James & Associates
Florida
$1.31M -$13.2K -776 -1%
CBB
43
Citizens Business Bank
California
$1.17M – – –
RJFSA
44
Raymond James Financial Services Advisors
Florida
$1.11M +$17.6K +1,035 +2%
WC
45
Wexford Capital
Florida
$1.04M +$1.01M +59,545 New
BCM
46
Buckhead Capital Management
Georgia
$1.03M – – –
AIM
47
Allen Investment Management
New York
$919K +$356K +20,956 +66%
MF
48
Magnetar Financial
Illinois
$830K +$809K +47,654 New
AIM
49
Advantage Investment Management
Iowa
$822K +$801K +47,185 New
RVPG
50
Relative Value Partners Group
$724K -$165K -9,724 -19%
1
2
3 4 5

TCPC Hedge Fund Activity: Q1 2017 in Review

100 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2017, worth a combined $514M — up 3.6% from $496M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of TCPC and 11 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 34 added.

The largest buyer was BlackRock, opening a new position worth an estimated $7.39M. The largest seller was Burgundy Asset Management, cutting an estimated $6.3M.

  • 100 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2017, down from 104 in Q4 2016.
  • Funds reported $514M of BlackRock TCP Capital stock for Q1 2017, up 3.6% quarter-over-quarter.
  • 11 funds opened new BlackRock TCP Capital positions in Q1 2017 and 14 closed out, a net change of -3 holders.
  • The largest BlackRock TCP Capital buyer in Q1 2017 was BlackRock, an estimated $7.39M added.
  • The largest BlackRock TCP Capital seller in Q1 2017 was Burgundy Asset Management, an estimated $6.3M sold.

Based on aggregated 13F filings for Q1 2017.