BlackRock TCP Capital
TCPC
101 hedge funds and large institutions have $375M invested in BlackRock TCP Capital in 2016 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 39 increasing their positions, 26 reducing their positions, and 10 closing their positions.
145% more call options, than puts
Call options by funds: $607K | Put options by funds: $248K
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
50% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 26
15% more capital invested
Capital invested by funds: $325M → $375M (+$49.6M)
9% more funds holding
Funds holding: 93 → 101 (+8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFG
CNO Financial Group
Carmel,
Indiana
|
+$29.7M |
| 2 |
LCP
Lombardia Capital Partners
Pasadena,
California
|
+$5.16M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
+$3.16M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.31M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$922K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$1.07M |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$797K |
| 3 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$731K |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$683K |
| 5 |
ClearBridge Investments
New York
|
-$634K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Barclays
London,
United Kingdom
| $1K | +$1.21K | +82 | New |
|
|
CS
102
Credit Suisse
Zurich,
Switzerland
| – | -$631K | -42,296 | Closed |
|
|
TI
103
Trexquant Investment
Stamford,
Connecticut
| – | -$593K | -39,761 | Closed |
|
104
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$552K | -37,000 | Closed |
|
|
AIG
105
American International Group
New York
| – | -$388K | -25,972 | Closed |
|
106
Citadel Advisors
Miami,
Florida
| – | -$239K | -16,026 | Closed |
|
107
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$152K | -10,187 | Closed |
|
|
ST
108
Spot Trading
Chicago,
Illinois
| – | -$143K | -9,671 | Closed |
|
|
ECM
109
Estabrook Capital Management
New York
| – | -$33.5K | -2,250 | Closed |
|
|
AIP
110
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$7K | -500 | Closed |
|
|
WEC
111
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$7.46K | -500 | Closed |
|
TCPC Hedge Fund Activity: Q2 2016 in Review
101 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2016, worth a combined $375M — up 15% from $325M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new TCPC positions and 10 closed out — a net gain of 8 holders — while 39 added to existing stakes and 26 trimmed.
The largest buyer was CNO Financial Group, opening a new position worth an estimated $29.7M. The largest seller was Putnam Investments, cutting an estimated $1.07M.
- 101 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2016, up from 93 in Q1 2016.
- Funds reported $375M of BlackRock TCP Capital stock for Q2 2016, up 15% quarter-over-quarter.
- 18 funds opened new BlackRock TCP Capital positions in Q2 2016 and 10 closed out, a net change of +8 holders.
- The largest BlackRock TCP Capital buyer in Q2 2016 was CNO Financial Group, an estimated $29.7M added.
- The largest BlackRock TCP Capital seller in Q2 2016 was Putnam Investments, an estimated $1.07M sold.
Based on aggregated 13F filings for Q2 2016.