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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$4.1M |
| 2 |
C
Cliffwater
Marina Del Rey,
California
|
+$3.16M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.55M |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.28M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$10.2M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$8.5M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
-$4.08M |
| 4 |
MC
Muzinich & Co
New York
|
-$3.11M |
| 5 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$2.78M |
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.