BlackRock TCP Capital
TCPC
86 hedge funds and large institutions have $282M invested in BlackRock TCP Capital in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 19 reducing their positions, and 25 closing their positions.
126% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 19
9% less capital invested
Capital invested by funds: $311M → $282M (-$29.3M)
13% less funds holding
Funds holding: 99 → 86 (-13)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
52% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 25
94% less call options, than puts
Call options by funds: $169K | Put options by funds: $2.89M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$13.6M |
| 2 |
ClearBridge Investments
New York
|
+$5.81M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$4.82M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$3.89M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$4.08M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.29M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$3.15M |
| 4 |
K
Kemper
Chicago,
Illinois
|
-$3.02M |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$2.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BIG
101
Blackthorn Investment Group
Overland Park,
Kansas
| – | -$410K | -22,511 | Closed |
|
102
Marshall Wace
London,
United Kingdom
| – | -$306K | -16,800 | Closed |
|
103
Nomura Holdings
Tokyo,
Japan
| – | -$290K | -16,000 | Closed |
|
104
Two Sigma Investments
New York
| – | -$287K | -15,767 | Closed |
|
|
JG
105
Jefferies Group
New York
| – | -$286K | -15,663 | Closed |
|
106
AQR Capital Management
Greenwich,
Connecticut
| – | -$248K | -13,600 | Closed |
|
107
Barclays
London,
United Kingdom
| – | -$216K | -11,978 | Closed |
|
|
TA
108
Teachers Advisors
New York
| – | -$126K | -6,900 | Closed |
|
|
MIM
109
Macroview Investment Management
Bethesda,
Maryland
| – | -$8K | -450 | Closed |
|
110
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$5K | -297 | Closed |
|
|
BRWA
111
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$2.42K | -133 | Closed |
|
TCPC Hedge Fund Activity: Q3 2014 in Review
86 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2014, worth a combined $282M — down 9.4% from $311M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of TCPC and 12 opened new positions — a net loss of 13 holders — while 19 trimmed existing stakes and 43 added.
The largest buyer was Wells Fargo, adding an estimated $13.6M. The largest seller was Northern Trust, cutting an estimated $4.08M.
- 86 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2014, down from 99 in Q2 2014.
- Funds reported $282M of BlackRock TCP Capital stock for Q3 2014, down 9.4% quarter-over-quarter.
- 12 funds opened new BlackRock TCP Capital positions in Q3 2014 and 25 closed out, a net change of -13 holders.
- The largest BlackRock TCP Capital buyer in Q3 2014 was Wells Fargo, an estimated $13.6M added.
- The largest BlackRock TCP Capital seller in Q3 2014 was Northern Trust, an estimated $4.08M sold.
Based on aggregated 13F filings for Q3 2014.