BlackRock TCP Capital
TCPC
99 hedge funds and large institutions have $273M invested in BlackRock TCP Capital in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 46 increasing their positions, 25 reducing their positions, and 10 closing their positions.
84% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 25
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
34% more capital invested
Capital invested by funds: $204M → $273M (+$68.9M)
14% more call options, than puts
Call options by funds: $748K | Put options by funds: $658K
4% more funds holding
Funds holding: 95 → 99 (+4)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$14.2M |
| 2 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$13.3M |
| 3 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
+$11.3M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$8.22M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$3.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.91M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.89M |
| 3 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$1.79M |
| 4 |
ACM
Akanthos Capital Management
Woodland Hills,
California
|
-$1.68M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$1.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
101
Laurion Capital Management
New York
| – | -$811K | -50,000 | Closed |
|
102
Prudential Financial
Newark,
New Jersey
| – | -$688K | -42,400 | Closed |
|
|
DC
103
Deere & Company
Moline,
Illinois
| – | -$575K | -35,421 | Closed |
|
|
ZIM
104
Zacks Investment Management
Chicago,
Illinois
| – | -$496K | -30,541 | Closed |
|
105
JP Morgan Chase
New York
| – | -$348K | -21,464 | Closed |
|
106
ProShare Advisors
Bethesda,
Maryland
| – | -$268K | -16,500 | Closed |
|
|
MCM
107
McGlinn Capital Management
Wyomissing,
Pennsylvania
| – | -$179K | -11,000 | Closed |
|
|
PWP
108
Private Wealth Partners
Mill Valley,
California
| – | -$162K | -10,000 | Closed |
|
109
California Public Employees Retirement System
Sacramento,
California
| – | -$18K | -1,100 | Closed |
|
TCPC Hedge Fund Activity: Q4 2013 in Review
99 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q4 2013, worth a combined $273M — up 34% from $204M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new TCPC positions and 10 closed out — a net gain of 5 holders — while 46 added to existing stakes and 25 trimmed.
The largest buyer was Vaughan Nelson Investment Management, adding an estimated $14.2M. The largest seller was Wells Fargo, cutting an estimated $4.91M.
- 99 institutional investors held BlackRock TCP Capital (TCPC) as of Q4 2013, up from 95 in Q3 2013.
- Funds reported $273M of BlackRock TCP Capital stock for Q4 2013, up 34% quarter-over-quarter.
- 15 funds opened new BlackRock TCP Capital positions in Q4 2013 and 10 closed out, a net change of +5 holders.
- The largest BlackRock TCP Capital buyer in Q4 2013 was Vaughan Nelson Investment Management, an estimated $14.2M added.
- The largest BlackRock TCP Capital seller in Q4 2013 was Wells Fargo, an estimated $4.91M sold.
Based on aggregated 13F filings for Q4 2013.