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BlackRock TCP Capital
TCPC

114 hedge funds and large institutions have $315M invested in BlackRock TCP Capital in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 28

0.38% more ownership

Funds ownership: 39.11% → 39.49% (+0.38%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less capital invested

Capital invested by funds: $327M → $315M (-$12.9M)

2% less funds holding

Funds holding: 116 → 114 (-2)

11% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 18

Holders
114
Holders Change
-2
Holders Change %
-1.72%
% of All Funds
2.5%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
16
Increased
43
Reduced
28
Closed
18
Calls
$218K
Puts
–
Net Calls
+$218K
Net Calls Change
+$68K

Top Buyers

Rank Fund Capital Flow
1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$22.8M
2
SOMRS
State of Michigan Retirement System
Michigan
+$21M
3
Two Sigma Advisers
Two Sigma Advisers
New York
+$2.34M
4
KCM
Kennedy Capital Management
Missouri
+$2.2M
5
Two Sigma Investments
Two Sigma Investments
New York
+$1.6M

Top Sellers

Rank Fund Capital Flow
1
VNIM
Vaughan Nelson Investment Management
Texas
-$13.9M
2
ClearBridge Investments
ClearBridge Investments
New York
-$11.7M
3
Wells Fargo
Wells Fargo
California
-$10.2M
4
AL
AJO LP
Pennsylvania
-$3.46M
5
Millennium Management
Millennium Management
New York
-$2.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
76
Wolverine Asset Management
Illinois
$207K +$211K +15,300 New
SIG
77
Sargent Investment Group
Maryland
$203K – – –
CG
78
CFO4Life Group
Texas
$196K +$3.03K +220 +2%
CANY
79
Caxton Associates (New York)
New York
$152K -$454K -32,927 -75%
CA
80
Calton & Associates
Florida
$149K +$151K +10,996 New
Victory Capital Management
81
Victory Capital Management
Texas
$143K +$146K +10,582 New
HighTower Advisors
82
HighTower Advisors
Illinois
$143K +$146K +10,600 New
SBIA
83
Sheaff Brock Investment Advisors
Indiana
$140K – – –
Cambridge Investment Research Advisors
84
Cambridge Investment Research Advisors
Iowa
$140K +$142K +10,303 New
SMG
85
Spectrum Management Group
Indiana
$136K – – –
SAS
86
Stelac Advisory Services
New York
$124K – – –
PCM
87
Prelude Capital Management
New York
$118K -$17.9K -1,300 -13%
Carson Wealth (CWM LLC)
88
Carson Wealth (CWM LLC)
Nebraska
$112K – – –
SPIA
89
Steward Partners Investment Advisory
New York
$106K – – –
Barclays
90
Barclays
United Kingdom
$84K +$86K +6,243 New
RE
91
RBC Europe
United Kingdom
$81.3K – – –
PNC Financial Services Group
92
PNC Financial Services Group
Pennsylvania
$68K -$14.5K -1,050 -17%
AWM
93
AllSquare Wealth Management
New York
$61K – – –
Citigroup
94
Citigroup
New York
$58K +$441 +32 +0.8%
Rockefeller Capital Management
95
Rockefeller Capital Management
New York
$38K +$38.1K +2,768 New
NFG
96
Next Financial Group
Texas
$33K -$12.1K -875 -26%
TC
97
Truvestments Capital
Florida
$31K – – –
GWM
98
Geneos Wealth Management
Colorado
$27K – – –
SSB
99
Sandy Spring Bank
Maryland
$27K – – –
QT
100
Quantamental Technologies
New York
$26K +$23.4K +1,700 +723%
2 3
4
5 6

TCPC Hedge Fund Activity: Q3 2019 in Review

114 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2019, worth a combined $315M — down 3.9% from $327M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of TCPC and 16 opened new positions — a net loss of 2 holders — while 28 trimmed existing stakes and 43 added.

The largest buyer was Acadian Asset Management, opening a new position worth an estimated $22.8M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $13.9M sold.

  • 114 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2019, down from 116 in Q2 2019.
  • Funds reported $315M of BlackRock TCP Capital stock for Q3 2019, down 3.9% quarter-over-quarter.
  • 16 funds opened new BlackRock TCP Capital positions in Q3 2019 and 18 closed out, a net change of -2 holders.
  • The largest BlackRock TCP Capital buyer in Q3 2019 was Acadian Asset Management, an estimated $22.8M added.
  • The largest BlackRock TCP Capital seller in Q3 2019 was Vaughan Nelson Investment Management, an estimated $13.9M sold.

Based on aggregated 13F filings for Q3 2019.