BlackRock TCP Capital
TCPC
102 hedge funds and large institutions have $310M invested in BlackRock TCP Capital in 2014 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 35 increasing their positions, 34 reducing their positions, and 14 closing their positions.
325% more call options, than puts
Call options by funds: $1.32M | Put options by funds: $310K
29% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 14
14% more capital invested
Capital invested by funds: $273M → $310M (+$37.1M)
3% more funds holding
Funds holding: 99 → 102 (+3)
3% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 34
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$12.9M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$10.8M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$7.63M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$7.05M |
| 5 |
Millennium Management
New York
|
+$6.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
-$11.5M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$4.55M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.67M |
| 4 |
Two Sigma Investments
New York
|
-$1.19M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.15M |
TCPC Hedge Fund Activity: Q1 2014 in Review
102 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2014, worth a combined $310M — up 14% from $273M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new TCPC positions and 14 closed out — a net gain of 4 holders — while 35 added to existing stakes and 34 trimmed.
The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $12.9M. The largest seller was Northpointe Capital, cutting an estimated $11.5M.
- 102 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2014, up from 99 in Q4 2013.
- Funds reported $310M of BlackRock TCP Capital stock for Q1 2014, up 14% quarter-over-quarter.
- 18 funds opened new BlackRock TCP Capital positions in Q1 2014 and 14 closed out, a net change of +4 holders.
- The largest BlackRock TCP Capital buyer in Q1 2014 was T. Rowe Price Associates, an estimated $12.9M added.
- The largest BlackRock TCP Capital seller in Q1 2014 was Northpointe Capital, an estimated $11.5M sold.
Based on aggregated 13F filings for Q1 2014.