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BlackRock TCP Capital
TCPC

132 hedge funds and large institutions have $143M invested in BlackRock TCP Capital in 2025 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 32 increasing their positions, 38 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more call options, than puts

Call options by funds: $610K | Put options by funds: $462K

1.15% less ownership

Funds ownership: 23.01% → 21.87% (-1.1%)

8% less funds holding

Funds holding: 143 → 132 (-11)

8% less capital invested

Capital invested by funds: $156M → $143M (-$13.1M)

16% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 38

31% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 32

Holders
132
Holders Change
-11
Holders Change %
-7.69%
% of All Funds
1.74%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
22
Increased
32
Reduced
38
Closed
32
Calls
$610K
Puts
$462K
Net Calls
+$148K
Net Calls Change
-$4K

Top Buyers

Rank Fund Capital Flow
1
NCM
Next Capital Management
New York
+$7.96M
2
Marshall Wace
Marshall Wace
United Kingdom
+$3.86M
3
UBS Group
UBS Group
Switzerland
+$1.19M
4
VanEck Associates
VanEck Associates
New York
+$1.09M
5
BlackRock
BlackRock
New York
+$851K

Top Sellers

Rank Fund Capital Flow
1
CM
Columbus Macro
Pennsylvania
-$4.14M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.88M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$3.71M
4
CC
CF Capital
Massachusetts
-$2.55M
5
Morgan Stanley
Morgan Stanley
New York
-$1.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
76
WealthTrust Axiom
Pennsylvania
$115K – – –
PFS
77
Prospera Financial Services
Texas
$115K +$110K +14,936 New
MWM
78
Mission Wealth Management
California
$114K +$109K +14,859 New
MFG
79
Merit Financial Group
Georgia
$107K +$918 +125 +0.9%
OC
80
Oppenheimer & Co
New York
$107K -$22K -3,000 -18%
SPIA
81
Steward Partners Investment Advisory
New York
$104K – – –
AFG
82
Atomi Financial Group
New York
$101K – – –
AAS
83
Avantax Advisory Services
Texas
$99.5K +$191 +26 +0.2%
MT
84
Midwest Trust
Kansas
$96.3K +$91.8K +12,500 New
IAS
85
Insigneo Advisory Services
Florida
$92.8K -$764 -104 -0.9%
AWM
86
Accel Wealth Management
Iowa
$92.4K – – –
Wealth Enhancement Advisory Services
87
Wealth Enhancement Advisory Services
Minnesota
$91.3K +$9.93K +1,352 +13%
BWL
88
Bogart Wealth LLC
Virginia
$91K – – –
Millennium Management
89
Millennium Management
New York
$88.1K +$84.1K +11,447 New
Creative Planning
90
Creative Planning
Kansas
$85.2K +$81.2K +11,062 New
JSW
91
Journey Strategic Wealth
New Jersey
$83.4K – – –
PNC Financial Services Group
92
PNC Financial Services Group
Pennsylvania
$78.5K – – –
WAP
93
Wealthcare Advisory Partners
Pennsylvania
$78K -$2.69K -367 -3%
SW
94
SteelPeak Wealth
California
$77K – – –
VWA
95
VSM Wealth Advisory
Maryland
$58.2K -$26.9K -3,667 -33%
T
96
Transce3nd
Texas
$52.9K +$264 +36 +0.5%
MIA
97
MeadowBrook Investment Advisors
Michigan
$51.8K – – –
MIM
98
MTM Investment Management
South Carolina
$46K +$43.9K +5,976 New
ME
99
McIlrath & Eck
Washington
$42.3K – – –
FFWM
100
Future Financial Wealth Management
Ohio
$30.8K – – –
2 3
4
5 6

TCPC Hedge Fund Activity: Q2 2025 in Review

132 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2025, worth a combined $143M — down 8.4% from $156M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of TCPC and 22 opened new positions — a net loss of 10 holders — while 38 trimmed existing stakes and 32 added.

The largest buyer was Next Capital Management, adding an estimated $7.96M. The largest seller was Columbus Macro, exiting entirely with an estimated $4.14M sold.

  • 132 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2025, down from 143 in Q1 2025.
  • Funds reported $143M of BlackRock TCP Capital stock for Q2 2025, down 8.4% quarter-over-quarter.
  • 22 funds opened new BlackRock TCP Capital positions in Q2 2025 and 32 closed out, a net change of -10 holders.
  • The largest BlackRock TCP Capital buyer in Q2 2025 was Next Capital Management, an estimated $7.96M added.
  • The largest BlackRock TCP Capital seller in Q2 2025 was Columbus Macro, an estimated $4.14M sold.

Based on aggregated 13F filings for Q2 2025.