BlackRock TCP Capital
TCPC
96 hedge funds and large institutions have $460M invested in BlackRock TCP Capital in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 42 increasing their positions, 32 reducing their positions, and 11 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 32
23% more capital invested
Capital invested by funds: $375M → $460M (+$85.3M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
5% less funds holding
Funds holding: 101 → 96 (-5)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$50M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$9.6M |
| 3 |
MC
Muzinich & Co
New York
|
+$5.7M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$4.92M |
| 5 |
AM
Ares Management
Los Angeles,
California
|
+$4.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Axa
Paris,
France
|
-$12.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.78M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.64M |
| 4 |
ClearBridge Investments
New York
|
-$1.34M |
| 5 |
Millennium Management
New York
|
-$1.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$197K | -12,872 | Closed |
|
|
SBIA
102
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
| – | -$179K | -11,738 | Closed |
|
|
MPAM
103
Monarch Partners Asset Management
Boston,
Massachusetts
| – | -$179K | -11,690 | Closed |
|
|
AIM
104
Arcadia Investment Management
Kalamazoo,
Michigan
| – | -$26K | -1,730 | Closed |
|
|
JC
105
JBF Capital
Aspen,
Colorado
| – | -$15K | -1,000 | Closed |
|
|
RFA
106
Reilly Financial Advisors
La Mesa,
California
| – | -$15K | -1,000 | Closed |
|
|
HR
107
Howe & Rusling
Rochester,
New York
| – | -$3K | -185 | Closed |
|
TCPC Hedge Fund Activity: Q3 2016 in Review
96 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2016, worth a combined $460M — up 23% from $375M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of TCPC and 8 opened new positions — a net loss of 3 holders — while 32 trimmed existing stakes and 42 added.
The largest buyer was Burgundy Asset Management, opening a new position worth an estimated $50M. The largest seller was Axa, exiting entirely with an estimated $12.6M sold.
- 96 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2016, down from 101 in Q2 2016.
- Funds reported $460M of BlackRock TCP Capital stock for Q3 2016, up 23% quarter-over-quarter.
- 8 funds opened new BlackRock TCP Capital positions in Q3 2016 and 11 closed out, a net change of -3 holders.
- The largest BlackRock TCP Capital buyer in Q3 2016 was Burgundy Asset Management, an estimated $50M added.
- The largest BlackRock TCP Capital seller in Q3 2016 was Axa, an estimated $12.6M sold.
Based on aggregated 13F filings for Q3 2016.