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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
Commonwealth Equity Services
51
Commonwealth Equity Services
Massachusetts
$787K +$127K +8,705 +19%
GCP
52
GSA Capital Partners
United Kingdom
$764K -$1.46M -99,667 -65%
Northern Trust
53
Northern Trust
Illinois
$726K +$747K +51,036 New
Ameriprise
54
Ameriprise
Minnesota
$717K +$23.2K +1,586 +3%
WFI
55
West Family Investments
California
$699K – – –
BRWA
56
B. Riley Wealth Advisors
Florida
$595K +$224K +15,300 +58%
Mackenzie Financial
57
Mackenzie Financial
Ontario, Canada
$594K +$258K +17,628 +73%
Marshall Wace
58
Marshall Wace
United Kingdom
$587K +$604K +41,264 New
AIM
59
Assured Investment Management
New York
$579K -$66.3K -4,535 -10%
PI
60
PineBridge Investments
New York
$573K +$518K +35,386 +732%
Royal Bank of Canada
61
Royal Bank of Canada
Ontario, Canada
$568K -$14.8K -1,013 -2%
Morgan Stanley
62
Morgan Stanley
New York
$559K -$126K -8,631 -18%
OC
63
Oppenheimer & Co
New York
$538K +$100K +6,859 +22%
LTFS
64
Ladenburg Thalmann Financial Services
Florida
$533K -$29.3K -2,003 -5%
Bank of New York Mellon
65
Bank of New York Mellon
New York
$518K +$53.9K +3,682 +11%
QSS
66
Quantitative Systematic Strategies
Florida
$514K +$99.7K +6,814 +23%
TG
67
TCW Group
California
$498K – – –
CCM
68
Canal Capital Management
Virginia
$467K -$50K -3,420 -9%
AIM
69
Allen Investment Management
New York
$462K -$292K -19,971 -38%
SP
70
Steelhead Partners
Washington
$364K – – –
SOMRS
71
State of Michigan Retirement System
Michigan
$342K +$352K +24,039 New
WAM
72
Wolverine Asset Management
Illinois
$315K +$324K +22,148 New
AG
73
Advisor Group
Arizona
$286K +$142K +9,710 +93%
ARTA
74
A.R.T. Advisors
New York
$267K -$33.6K -2,300 -11%
CANY
75
Caxton Associates (New York)
New York
$265K +$273K +18,632 New
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.