BlackRock TCP Capital
TCPC
105 hedge funds and large institutions have $169M invested in BlackRock TCP Capital in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 42 reducing their positions, and 25 closing their positions.
84% more call options, than puts
Call options by funds: $595K | Put options by funds: $324K
49% more capital invested
Capital invested by funds: $113M → $169M (+$55.9M)
1.96% more ownership
Funds ownership: 30.94% → 32.9% (+2%)
12% less funds holding
Funds holding: 119 → 105 (-14)
31% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 42
52% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$17.1M |
| 2 |
C
Cliffwater
Marina Del Rey,
California
|
+$3.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.46M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.03M |
| 5 |
VanEck Associates
New York
|
+$753K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2.06M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.66M |
| 3 |
Neuberger Berman Group
New York
|
-$1.43M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$1.4M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.05M |
TCPC Hedge Fund Activity: Q2 2020 in Review
105 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2020, worth a combined $169M — up 49% from $113M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of TCPC and 12 opened new positions — a net loss of 13 holders — while 42 trimmed existing stakes and 29 added.
The largest buyer was Acadian Asset Management, opening a new position worth an estimated $17.1M. The largest seller was Kennedy Capital Management, cutting an estimated $2.06M.
- 105 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2020, down from 119 in Q1 2020.
- Funds reported $169M of BlackRock TCP Capital stock for Q2 2020, up 49% quarter-over-quarter.
- 12 funds opened new BlackRock TCP Capital positions in Q2 2020 and 25 closed out, a net change of -13 holders.
- The largest BlackRock TCP Capital buyer in Q2 2020 was Acadian Asset Management, an estimated $17.1M added.
- The largest BlackRock TCP Capital seller in Q2 2020 was Kennedy Capital Management, an estimated $2.06M sold.
Based on aggregated 13F filings for Q2 2020.