BlackRock TCP Capital
TCPC
92 hedge funds and large institutions have $364M invested in BlackRock TCP Capital in 2014 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 19 closing their positions.
74% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 19
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
42% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 19
29% more capital invested
Capital invested by funds: $282M → $364M (+$82.6M)
7% more funds holding
Funds holding: 86 → 92 (+6)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $374K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
+$24.9M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$13.9M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$7.73M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$4.51M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$3.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
K
Kemper
Chicago,
Illinois
|
-$9.11M |
| 2 |
Goldman Sachs
New York
|
-$1.43M |
| 3 |
Axa
Paris,
France
|
-$1.4M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$785K |
| 5 |
Millennium Management
New York
|
-$741K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
SG Americas Securities
New York
| – | -$124K | -7,686 | Closed |
|
102
Citadel Advisors
Miami,
Florida
| – | -$82K | -5,122 | Closed |
|
103
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$50.4K | -3,075 | Closed |
|
104
BNP Paribas Financial Markets
Paris,
France
| – | -$48.8K | -3,038 | Closed |
|
|
PTC
105
Private Trust Company
Cleveland,
Ohio
| – | -$29K | -1,800 | Closed |
|
106
Ameriprise
Minneapolis,
Minnesota
| – | -$11K | -670 | Closed |
|
|
CFA
107
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$11K | -650 | Closed |
|
108
Creative Planning
Overland Park,
Kansas
| – | -$8K | -500 | Closed |
|
|
TRCT
109
Tower Research Capital (TRC)
New York
| – | -$5K | -304 | Closed |
|
|
HI
110
Hudock Inc
Williamsport,
Pennsylvania
| – | -$3K | -200 | Closed |
|
|
W
111
Wealthfront
Palo Alto,
California
| – | -$1K | -71 | Closed |
|
TCPC Hedge Fund Activity: Q4 2014 in Review
92 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q4 2014, worth a combined $364M — up 29% from $282M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new TCPC positions and 19 closed out — a net gain of 8 holders — while 33 added to existing stakes and 19 trimmed.
The largest buyer was ClearBridge Investments, adding an estimated $24.9M. The largest seller was Kemper, exiting entirely with an estimated $9.11M sold.
- 92 institutional investors held BlackRock TCP Capital (TCPC) as of Q4 2014, up from 86 in Q3 2014.
- Funds reported $364M of BlackRock TCP Capital stock for Q4 2014, up 29% quarter-over-quarter.
- 27 funds opened new BlackRock TCP Capital positions in Q4 2014 and 19 closed out, a net change of +8 holders.
- The largest BlackRock TCP Capital buyer in Q4 2014 was ClearBridge Investments, an estimated $24.9M added.
- The largest BlackRock TCP Capital seller in Q4 2014 was Kemper, an estimated $9.11M sold.
Based on aggregated 13F filings for Q4 2014.