BlackRock TCP Capital
TCPC
100 hedge funds and large institutions have $514M invested in BlackRock TCP Capital in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 34 increasing their positions, 34 reducing their positions, and 14 closing their positions.
4% more capital invested
Capital invested by funds: $496M → $514M (+$18M)
0.28% more ownership
Funds ownership: 55.34% → 55.63% (+0.28%)
0% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 34
4% less funds holding
Funds holding: 104 → 100 (-4)
21% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 14
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$7.39M |
| 2 |
MC
Muzinich & Co
New York
|
+$6.86M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.63M |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
+$2.46M |
| 5 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
+$2.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$6.3M |
| 2 |
LCP
Lombardia Capital Partners
Pasadena,
California
|
-$3.32M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$3.29M |
| 4 |
ClearBridge Investments
New York
|
-$2.78M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
New York State Common Retirement Fund
Albany,
New York
| – | -$703K | -41,620 | Closed |
|
102
Bank of New York Mellon
New York
| – | -$363K | -21,538 | Closed |
|
|
BRWA
103
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$305K | -18,000 | Closed |
|
|
CS
104
Credit Suisse
Zurich,
Switzerland
| – | -$247K | -14,588 | Closed |
|
|
PAM
105
Princeton Alpha Management
Princeton Junction,
New Jersey
| – | -$219K | -12,969 | Closed |
|
|
ARTA
106
A.R.T. Advisors
New York
| – | -$207K | -12,300 | Closed |
|
|
SPC
107
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$206K | -12,185 | Closed |
|
108
CIBC World Market
Toronto,
Ontario, Canada
| – | -$197K | -11,646 | Closed |
|
|
CA
109
Clearstead Advisors
Cleveland,
Ohio
| – | -$187K | -11,082 | Closed |
|
|
SBIA
110
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
| – | -$181K | -10,724 | Closed |
|
111
Capstone Investment Advisors
New York
| – | -$174K | -10,323 | Closed |
|
|
AIM
112
Acrospire Investment Management
Chicago,
Illinois
| – | -$114K | -6,749 | Closed |
|
|
NFG
113
Next Financial Group
Houston,
Texas
| – | -$11K | -630 | Closed |
|
TCPC Hedge Fund Activity: Q1 2017 in Review
100 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2017, worth a combined $514M — up 3.6% from $496M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TCPC and 11 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 34 added.
The largest buyer was BlackRock, opening a new position worth an estimated $7.39M. The largest seller was Burgundy Asset Management, cutting an estimated $6.3M.
- 100 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2017, down from 104 in Q4 2016.
- Funds reported $514M of BlackRock TCP Capital stock for Q1 2017, up 3.6% quarter-over-quarter.
- 11 funds opened new BlackRock TCP Capital positions in Q1 2017 and 14 closed out, a net change of -3 holders.
- The largest BlackRock TCP Capital buyer in Q1 2017 was BlackRock, an estimated $7.39M added.
- The largest BlackRock TCP Capital seller in Q1 2017 was Burgundy Asset Management, an estimated $6.3M sold.
Based on aggregated 13F filings for Q1 2017.