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BlackRock TCP Capital
TCPC

111 hedge funds and large institutions have $382M invested in BlackRock TCP Capital in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 33 increasing their positions, 44 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

5% more funds holding

Funds holding: 106 → 111 (+5)

10% more call options, than puts

Call options by funds: $309K | Put options by funds: $282K

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

2.92% less ownership

Funds ownership: 48.51% → 45.59% (-2.9%)

7% less capital invested

Capital invested by funds: $412M → $382M (-$30.8M)

25% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 44

Holders
111
Holders Change
+5
Holders Change %
+4.72%
% of All Funds
2.54%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
17
Increased
33
Reduced
44
Closed
11
Calls
$309K
Puts
$282K
Net Calls
+$27K
Net Calls Change
+$228K

Top Buyers

Rank Fund Capital Flow
1
KCM
Kennedy Capital Management
Missouri
+$4.1M
2
C
Cliffwater
California
+$3.16M
3
BI
Bramshill Investments
Florida
+$1.55M
4
PAIM
Punch & Associates Investment Management
Minnesota
+$1.28M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$1.05M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$10.2M
2
VNIM
Vaughan Nelson Investment Management
Texas
-$8.5M
3
AM
Ares Management
California
-$4.08M
4
MC
Muzinich & Co
New York
-$3.11M
5
BAM
Burgundy Asset Management
Ontario, Canada
-$2.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
26
D.E. Shaw & Co
New York
$3.62M +$852K +58,225 +30%
AR
27
Advisory Research
Illinois
$3.58M -$161K -10,997 -4%
DADC
28
D.A. Davidson & Co
Montana
$3.39M +$139K +9,525 +4%
SMDAM
29
Sumitomo Mitsui DS Asset Management
Japan
$3.32M -$178K -12,139 -5%
Legal & General Group
30
Legal & General Group
United Kingdom
$3.22M – – –
MCM
31
McKinley Capital Management
Alaska
$2.91M +$9.98K +682 +0.3%
FWIA
32
Fort Washington Investment Advisors
Ohio
$2.58M -$436K -29,815 -14%
AllianceBernstein
33
AllianceBernstein
Tennessee
$2.54M -$879K -60,093 -25%
RJA
34
Raymond James & Associates
Florida
$2.3M +$198K +13,547 +9%
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$1.74M +$348K +23,820 +24%
Stifel Financial
36
Stifel Financial
Missouri
$1.68M +$49K +3,352 +3%
RVPG
37
Relative Value Partners Group
$1.64M +$49.3K +3,367 +3%
PAWC
38
P.A.W. Capital
Connecticut
$1.64M – – –
BI
39
Bramshill Investments
Florida
$1.51M +$1.55M +105,812 New
RJFSA
40
Raymond James Financial Services Advisors
Florida
$1.39M +$41.7K +2,848 +3%
California Public Employees Retirement System
41
California Public Employees Retirement System
California
$1.32M -$246K -16,800 -15%
OAM
42
Oxford Asset Management
United Kingdom
$1.29M -$198K -13,561 -13%
CIBC Private Wealth Group
43
CIBC Private Wealth Group
Georgia
$1.22M +$55.5K +3,793 +5%
Natixis Advisors
44
Natixis Advisors
Massachusetts
$1.2M -$2.5M -170,734 -67%
LC
45
Lubar & Co
Wisconsin
$1.09M – – –
Acadian Asset Management
46
Acadian Asset Management
Massachusetts
$1.02M +$1.05M +71,563 New
JP Morgan Chase
47
JP Morgan Chase
New York
$996K +$626K +42,763 +157%
CBB
48
Citizens Business Bank
California
$953K – – –
CCM
49
Covington Capital Management
California
$895K -$19K -1,300 -2%
SCM
50
Shelton Capital Management
Colorado
$889K – – –
1
2
3 4 5

TCPC Hedge Fund Activity: Q3 2018 in Review

111 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2018, worth a combined $382M — down 7.5% from $412M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new TCPC positions and 11 closed out — a net gain of 6 holders — while 33 added to existing stakes and 44 trimmed.

The largest buyer was Kennedy Capital Management, adding an estimated $4.1M. The largest seller was Wells Fargo, cutting an estimated $10.2M.

  • 111 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2018, up from 106 in Q2 2018.
  • Funds reported $382M of BlackRock TCP Capital stock for Q3 2018, down 7.5% quarter-over-quarter.
  • 17 funds opened new BlackRock TCP Capital positions in Q3 2018 and 11 closed out, a net change of +6 holders.
  • The largest BlackRock TCP Capital buyer in Q3 2018 was Kennedy Capital Management, an estimated $4.1M added.
  • The largest BlackRock TCP Capital seller in Q3 2018 was Wells Fargo, an estimated $10.2M sold.

Based on aggregated 13F filings for Q3 2018.