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BlackRock TCP Capital
TCPC

106 hedge funds and large institutions have $430M invested in BlackRock TCP Capital in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 42 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

2.24% less ownership

Funds ownership: 53.62% → 51.39% (-2.2%)

5% less funds holding

Funds holding: 111 → 106 (-5)

11% less capital invested

Capital invested by funds: $482M → $430M (-$51.8M)

26% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 19

31% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 42

46% less call options, than puts

Call options by funds: $142K | Put options by funds: $262K

Holders
106
Holders Change
-5
Holders Change %
-4.5%
% of All Funds
2.43%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
14
Increased
29
Reduced
42
Closed
19
Calls
$142K
Puts
$262K
Net Calls
-$120K
Net Calls Change
-$117K

Top Buyers

Rank Fund Capital Flow
1
AM
Ares Management
California
+$8.62M
2
MWNA
Marshall Wace North America
New York
+$3.99M
3
Bank of America
Bank of America
North Carolina
+$3.69M
4
GCP
GSA Capital Partners
United Kingdom
+$897K
5
BI
Bramshill Investments
Florida
+$816K

Top Sellers

Rank Fund Capital Flow
1
MC
Muzinich & Co
New York
-$9.63M
2
Wells Fargo
Wells Fargo
California
-$5.58M
3
Millennium Management
Millennium Management
New York
-$3.33M
4
VNIM
Vaughan Nelson Investment Management
Texas
-$3.2M
5
UBS Group
UBS Group
Switzerland
-$3.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
OAM
51
Oxford Asset Management
United Kingdom
$868K -$372K -25,311 -29%
BCM
52
Buckhead Capital Management
Georgia
$852K – – –
BI
53
Bramshill Investments
Florida
$790K +$816K +55,525 New
NFA
54
Nuveen Fund Advisors
Illinois
$752K -$64.4K -4,382 -8%
WFI
55
West Family Investments
California
$698K – – –
Morgan Stanley
56
Morgan Stanley
New York
$685K -$539K -36,698 -43%
QSS
57
Quantitative Systematic Strategies
Florida
$672K +$695K +47,283 New
Commonwealth Equity Services
58
Commonwealth Equity Services
Massachusetts
$653K -$13.5K -920 -2%
RCM
59
Rivernorth Capital Management
Florida
$635K +$656K +44,651 New
LTFS
60
Ladenburg Thalmann Financial Services
Florida
$562K -$19.1K -1,297 -3%
CCM
61
Canal Capital Management
Virginia
$477K +$257K +17,494 +109%
AIM
62
Assured Investment Management
New York
$466K +$482K +32,805 New
Deutsche Bank
63
Deutsche Bank
Germany
$460K +$444K +30,200 +1,373%
Royal Bank of Canada
64
Royal Bank of Canada
Ontario, Canada
$458K -$10.9K -745 -2%
VCM
65
Versant Capital Management
Arizona
$449K -$6.32K -430 -1%
TG
66
TCW Group
California
$427K – – –
OC
67
Oppenheimer & Co
New York
$401K +$117K +7,937 +39%
SIS
68
Sound Income Strategies
Florida
$400K +$17.6K +1,200 +4%
Bank of New York Mellon
69
Bank of New York Mellon
New York
$389K +$124K +8,411 +44%
SP
70
Steelhead Partners
Washington
$364K +$376K +25,612 New
AIM
71
Allen Investment Management
New York
$347K – – –
Mackenzie Financial
72
Mackenzie Financial
Ontario, Canada
$343K – – –
Northern Trust
73
Northern Trust
Illinois
$289K -$6.48K -441 -2%
MF
74
Magnetar Financial
Illinois
$285K -$645K -43,915 -69%
CIBC World Market
75
CIBC World Market
Ontario, Canada
$280K -$34.1K -2,321 -11%
1 2
3
4 5

TCPC Hedge Fund Activity: Q1 2018 in Review

106 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2018, worth a combined $430M — down 11% from $482M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of TCPC and 14 opened new positions — a net loss of 5 holders — while 42 trimmed existing stakes and 29 added.

The largest buyer was Ares Management, adding an estimated $8.62M. The largest seller was Muzinich & Co, cutting an estimated $9.63M.

  • 106 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2018, down from 111 in Q4 2017.
  • Funds reported $430M of BlackRock TCP Capital stock for Q1 2018, down 11% quarter-over-quarter.
  • 14 funds opened new BlackRock TCP Capital positions in Q1 2018 and 19 closed out, a net change of -5 holders.
  • The largest BlackRock TCP Capital buyer in Q1 2018 was Ares Management, an estimated $8.62M added.
  • The largest BlackRock TCP Capital seller in Q1 2018 was Muzinich & Co, an estimated $9.63M sold.

Based on aggregated 13F filings for Q1 2018.