BlackRock TCP Capital
TCPC
95 hedge funds and large institutions have $204M invested in BlackRock TCP Capital in 2013 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 39 increasing their positions, 19 reducing their positions, and 16 closing their positions.
105% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 19
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
63% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 16
12% more funds holding
Funds holding: 85 → 95 (+10)
11% more capital invested
Capital invested by funds: $184M → $204M (+$20M)
20% less call options, than puts
Call options by funds: $547K | Put options by funds: $686K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$15.2M |
| 2 |
TA
Teachers Advisors
New York
|
+$7.56M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.82M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$2.71M |
| 5 |
Natixis Advisors
Boston,
Massachusetts
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$10.1M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$7.66M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$4.04M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$2.25M |
| 5 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NCCM
101
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$741K | -44,200 | Closed |
|
|
SCM
102
Sterling Capital Management
Charlotte,
North Carolina
| – | -$336K | -20,061 | Closed |
|
103
Two Sigma Advisers
New York
| – | -$274K | -16,347 | Closed |
|
104
Two Sigma Investments
New York
| – | -$201K | -12,000 | Closed |
|
105
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$184K | -11,000 | Closed |
|
|
AL
106
Airain Ltd
St. Peter Port,
Guernsey
| – | -$183K | -10,927 | Closed |
|
107
BNP Paribas Financial Markets
Paris,
France
| – | -$179K | -10,666 | Closed |
|
108
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$178K | -10,620 | Closed |
|
|
SO
109
STRS Ohio
Columbus,
Ohio
| – | -$139K | -8,700 | Closed |
|
|
PCM
110
Prelude Capital Management
New York
| – | -$88K | -5,276 | Closed |
|
|
HF
111
Hoxton Financial
Shepherdstown,
West Virginia
| – | -$2K | -120 | Closed |
|
TCPC Hedge Fund Activity: Q3 2013 in Review
95 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2013, worth a combined $204M — up 11% from $184M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new TCPC positions and 16 closed out — a net gain of 10 holders — while 39 added to existing stakes and 19 trimmed.
The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $15.2M. The largest seller was Numeric Investors, exiting entirely with an estimated $10.1M sold.
- 95 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2013, up from 85 in Q2 2013.
- Funds reported $204M of BlackRock TCP Capital stock for Q3 2013, up 11% quarter-over-quarter.
- 26 funds opened new BlackRock TCP Capital positions in Q3 2013 and 16 closed out, a net change of +10 holders.
- The largest BlackRock TCP Capital buyer in Q3 2013 was Vaughan Nelson Investment Management, an estimated $15.2M added.
- The largest BlackRock TCP Capital seller in Q3 2013 was Numeric Investors, an estimated $10.1M sold.
Based on aggregated 13F filings for Q3 2013.