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BlackRock TCP Capital
TCPC

114 hedge funds and large institutions have $315M invested in BlackRock TCP Capital in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 28

0.38% more ownership

Funds ownership: 39.11% → 39.49% (+0.38%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less capital invested

Capital invested by funds: $327M → $315M (-$12.9M)

2% less funds holding

Funds holding: 116 → 114 (-2)

11% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 18

Holders
114
Holders Change
-2
Holders Change %
-1.72%
% of All Funds
2.5%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
16
Increased
43
Reduced
28
Closed
18
Calls
$218K
Puts
–
Net Calls
+$218K
Net Calls Change
+$68K

Top Buyers

Rank Fund Capital Flow
1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$22.8M
2
SOMRS
State of Michigan Retirement System
Michigan
+$21M
3
Two Sigma Advisers
Two Sigma Advisers
New York
+$2.34M
4
KCM
Kennedy Capital Management
Missouri
+$2.2M
5
Two Sigma Investments
Two Sigma Investments
New York
+$1.6M

Top Sellers

Rank Fund Capital Flow
1
VNIM
Vaughan Nelson Investment Management
Texas
-$13.9M
2
ClearBridge Investments
ClearBridge Investments
New York
-$11.7M
3
Wells Fargo
Wells Fargo
California
-$10.2M
4
AL
AJO LP
Pennsylvania
-$3.46M
5
Millennium Management
Millennium Management
New York
-$2.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
26
D.A. Davidson & Co
Montana
$3.7M +$64K +4,646 +2%
RJA
27
Raymond James & Associates
Florida
$3.67M -$8.35K -606 -0.2%
FWIA
28
Fort Washington Investment Advisors
Ohio
$3.55M +$498K +36,167 +16%
Invesco
29
Invesco
Georgia
$2.65M -$306K -22,212 -10%
AR
30
Advisory Research
Illinois
$2.65M -$320K -23,252 -11%
MCM
31
McKinley Capital Management
Alaska
$2.41M -$325K -23,588 -12%
AAM
32
Advisors Asset Management
Colorado
$2.33M -$169K -12,296 -7%
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$2.12M +$367K +26,672 +21%
D.E. Shaw & Co
34
D.E. Shaw & Co
New York
$1.93M +$114K +8,277 +6%
DBT
35
Dubuque Bank & Trust
Iowa
$1.9M +$35.5K +2,575 +2%
Stifel Financial
36
Stifel Financial
Missouri
$1.68M +$377K +27,335 +28%
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$1.59M +$446K +32,400 +38%
AG
38
Advisor Group
Arizona
$1.38M +$114K +8,290 +9%
JP Morgan Chase
39
JP Morgan Chase
New York
$1.34M +$979K +71,049 +256%
AIMCA
40
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.29M – – –
Russell Investments Group
41
Russell Investments Group
United Kingdom
$1.27M -$257K -18,679 -17%
CBB
42
Citizens Business Bank
California
$1.25M – – –
MCM
43
Monument Capital Management
Virginia
$1.17M +$33.2K +2,412 +3%
RJFSA
44
Raymond James Financial Services Advisors
Florida
$1.16M -$133K -9,655 -10%
Aberdeen Group
45
Aberdeen Group
United Kingdom
$1.15M +$103K +7,500 +10%
AG
46
AlphaSimPlex Group
Massachusetts
$1.02M +$240K +17,414 +30%
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$1M +$49.2K +3,572 +5%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$908K +$126K +9,174 +16%
LPL Financial
49
LPL Financial
California
$865K +$238K +17,273 +37%
JMPWA
50
JP Morgan Private Wealth Advisors
California
$848K +$861K +62,536 New
1
2
3 4 5

TCPC Hedge Fund Activity: Q3 2019 in Review

114 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2019, worth a combined $315M — down 3.9% from $327M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of TCPC and 16 opened new positions — a net loss of 2 holders — while 28 trimmed existing stakes and 43 added.

The largest buyer was Acadian Asset Management, opening a new position worth an estimated $22.8M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $13.9M sold.

  • 114 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2019, down from 116 in Q2 2019.
  • Funds reported $315M of BlackRock TCP Capital stock for Q3 2019, down 3.9% quarter-over-quarter.
  • 16 funds opened new BlackRock TCP Capital positions in Q3 2019 and 18 closed out, a net change of -2 holders.
  • The largest BlackRock TCP Capital buyer in Q3 2019 was Acadian Asset Management, an estimated $22.8M added.
  • The largest BlackRock TCP Capital seller in Q3 2019 was Vaughan Nelson Investment Management, an estimated $13.9M sold.

Based on aggregated 13F filings for Q3 2019.