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BlackRock TCP Capital
TCPC

83 hedge funds and large institutions have $367M invested in BlackRock TCP Capital in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 20 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 20

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

1% more capital invested

Capital invested by funds: $364M → $367M (+$2.94M)

10% less funds holding

Funds holding: 92 → 83 (-9)

30% less call options, than puts

Call options by funds: $184K | Put options by funds: $262K

50% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 18

Holders
83
Holders Change
-9
Holders Change %
-9.78%
% of All Funds
2.21%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
9
Increased
33
Reduced
20
Closed
18
Calls
$184K
Puts
$262K
Net Calls
-$78K
Net Calls Change
+$296K

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$12.3M
2
Morgan Stanley
Morgan Stanley
New York
+$3.27M
3
UBS Group
UBS Group
Switzerland
+$3.11M
4
MC
Muzinich & Co
New York
+$1.98M
5
AAM
Advisors Asset Management
Colorado
+$1.48M

Top Sellers

1
NIMC
NWQ Investment Management Company
California
-$4.27M
2
CCM
Covington Capital Management
California
-$2.09M
3
Millennium Management
Millennium Management
New York
-$1.69M
4
GC
Guggenheim Capital
Illinois
-$1.31M
5
State Street
State Street
Massachusetts
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
51
Northern Trust
Illinois
$508K +$106K +6,574 +26%
EM
52
EnTrustPermal Management
New York
$488K – – –
State Street
53
State Street
Massachusetts
$487K -$1.12M -69,395 -70%
RVP
54
Relative Value Partners
Illinois
$374K +$209K +12,943 +125%
CIBC World Market
55
CIBC World Market
Ontario, Canada
$365K -$37.6K -2,331 -9%
JP Morgan Chase
56
JP Morgan Chase
New York
$338K +$341K +21,146 New
WS
57
Wedbush Securities
California
$335K +$47.5K +2,942 +16%
WRM
58
Westport Resources Management
Connecticut
$327K -$15.9K -984 -5%
LTFS
59
Ladenburg Thalmann Financial Services
Florida
$308K +$24.4K +1,512 +9%
PP
60
PDT Partners
New York
$304K +$306K +18,957 New
Bank of America
61
Bank of America
North Carolina
$218K +$49K +3,036 +29%
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$190K – – –
OC
63
Oppenheimer & Co
New York
$179K -$96.8K -5,996 -35%
CS
64
Credit Suisse
Switzerland
$161K +$162K +10,063 New
DLG
65
Daniel L. Goodwin
$160K – – –
Royal Bank of Canada
66
Royal Bank of Canada
Ontario, Canada
$96K -$125K -7,711 -56%
PI
67
PineBridge Investments
New York
$52K – – –
Barclays
68
Barclays
United Kingdom
$32K – – –
DA
69
Dunvegan Associates
California
$32K – – –
WA
70
WFG Advisors
Texas
$32K – – –
NFG
71
Next Financial Group
Texas
$32K +$32.3K +1,999 New
CCA
72
Catalyst Capital Advisors
New York
$30K – – –
OIA
73
Optimum Investment Advisors
Illinois
$16K -$6.86K -425 -30%
JC
74
JBF Capital
Colorado
$16K – – –
PFO
75
Pathstone Family Office
New Jersey
$9K +$9.24K +572 New
1 2
3
4 5

TCPC Hedge Fund Activity: Q1 2015 in Review

83 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2015, worth a combined $367M — up 0.81% from $364M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of TCPC and 9 opened new positions — a net loss of 9 holders — while 20 trimmed existing stakes and 33 added.

The largest buyer was Wells Fargo, adding an estimated $12.3M. The largest seller was NWQ Investment Management Company, exiting entirely with an estimated $4.27M sold.

  • 83 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2015, down from 92 in Q4 2014.
  • Funds reported $367M of BlackRock TCP Capital stock for Q1 2015, up 0.81% quarter-over-quarter.
  • 9 funds opened new BlackRock TCP Capital positions in Q1 2015 and 18 closed out, a net change of -9 holders.
  • The largest BlackRock TCP Capital buyer in Q1 2015 was Wells Fargo, an estimated $12.3M added.
  • The largest BlackRock TCP Capital seller in Q1 2015 was NWQ Investment Management Company, an estimated $4.27M sold.

Based on aggregated 13F filings for Q1 2015.