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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
VFS
51
VSR Financial Services
Kansas
$612K – – –
Deutsche Bank
52
Deutsche Bank
Germany
$514K -$403K -24,568 -44%
EM
53
EnTrustPermal Management
New York
$511K +$499K +30,400 New
ACM
54
Advisors Capital Management
New Jersey
$471K +$460K +28,060 New
Grantham, Mayo, Van Otterloo & Co (GMO)
55
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$461K +$451K +27,500 New
Northern Trust
56
Northern Trust
Illinois
$422K +$79.1K +4,824 +24%
CIBC World Market
57
CIBC World Market
Ontario, Canada
$421K +$412K +25,100 New
VKH
58
Virtu KCG Holdings
New York
$378K +$196K +11,960 +113%
WRM
59
Westport Resources Management
Connecticut
$359K -$150K -9,175 -30%
AI
60
Atria Investments
North Carolina
$310K -$216K -13,177 -42%
WS
61
Wedbush Securities
California
$301K +$52.8K +3,220 +22%
LTFS
62
Ladenburg Thalmann Financial Services
Florida
$297K +$1.44K +88 +0.5%
OC
63
Oppenheimer & Co
New York
$288K -$50.1K -3,052 -15%
Royal Bank of Canada
64
Royal Bank of Canada
Ontario, Canada
$229K -$454K -27,690 -67%
TI
65
Trexquant Investment
Connecticut
$224K +$220K +13,400 New
PNC Financial Services Group
66
PNC Financial Services Group
Pennsylvania
$200K +$30.9K +1,884 +19%
Bank of America
67
Bank of America
North Carolina
$177K +$124K +7,554 +252%
FM
68
Family Management
New York
$175K -$33.2K -2,025 -16%
Morgan Stanley
69
Morgan Stanley
New York
$175K -$17.7K -1,078 -9%
RVP
70
Relative Value Partners
Illinois
$174K +$170K +10,385 New
DLG
71
Daniel L. Goodwin
$167K – – –
PI
72
PineBridge Investments
New York
$54K +$52.9K +3,226 New
PCM
73
Prelude Capital Management
New York
$49K +$47.6K +2,900 New
Norges Bank
74
Norges Bank
Norway
$38K -$785K -47,846 -96%
DA
75
Dunvegan Associates
California
$34K – – –
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.