BlackRock TCP Capital
TCPC
109 hedge funds and large institutions have $531M invested in BlackRock TCP Capital in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 47 increasing their positions, 21 reducing their positions, and 6 closing their positions.
224% more call options, than puts
Call options by funds: $587K | Put options by funds: $181K
167% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 6
124% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 21
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
9% more funds holding
Funds holding: 100 → 109 (+9)
3% more capital invested
Capital invested by funds: $514M → $531M (+$17.1M)
2.17% less ownership
Funds ownership: 55.63% → 53.45% (-2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$11.4M |
| 2 |
Millennium Management
New York
|
+$6.35M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$3.64M |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$2.21M |
| 5 |
Two Sigma Investments
New York
|
+$2.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.11M |
| 2 |
Morgan Stanley
New York
|
-$1.81M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$1.68M |
| 4 |
BlackRock
New York
|
-$1.31M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
101
IFP Advisors
Tampa,
Florida
| $16K | – | – | – |
|
|
PCM
102
Penserra Capital Management
Orinda,
California
| $15K | +$2.48K | +146 | +19% |
|
|
FMP
103
Financial Management Professionals
Austin,
Texas
| $13K | – | – | – |
|
|
SAM
104
Solaris Asset Management
New York
| $11K | – | – | – |
|
|
GRP
105
Global Retirement Partners
San Rafael,
California
| $5K | -$2.35K | -138 | -31% |
|
106
Bessemer Group
Woodbridge,
New Jersey
| $4K | – | – | – |
|
|
PRS
107
Pinkerton Retirement Specialists
Coeur D Alene,
Idaho
| $3K | +$2.77K | +163 | New |
|
108
US Bancorp
Minneapolis,
Minnesota
| $2K | -$10.1K | -593 | -85% |
|
109
Prudential Financial
Newark,
New Jersey
| – | -$724K | -41,528 | Closed |
|
|
PP
110
PDT Partners
New York
| – | -$381K | -21,900 | Closed |
|
|
CG
111
Clinton Group
New York
| – | -$194K | -11,146 | Closed |
|
|
CG
112
Cutler Group
San Francisco,
California
| – | -$61.2K | -3,602 | Closed |
|
|
TDC
113
Thompson Davis & Co
Richmond,
Virginia
| – | -$21K | -1,200 | Closed |
|
|
CFA
114
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$11K | -650 | Closed |
|
TCPC Hedge Fund Activity: Q2 2017 in Review
109 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2017, worth a combined $531M — up 3.3% from $514M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new TCPC positions and 6 closed out — a net gain of 10 holders — while 47 added to existing stakes and 21 trimmed.
The largest buyer was Muzinich & Co, adding an estimated $11.4M. The largest seller was AllianceBernstein, cutting an estimated $2.11M.
- 109 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2017, up from 100 in Q1 2017.
- Funds reported $531M of BlackRock TCP Capital stock for Q2 2017, up 3.3% quarter-over-quarter.
- 16 funds opened new BlackRock TCP Capital positions in Q2 2017 and 6 closed out, a net change of +10 holders.
- The largest BlackRock TCP Capital buyer in Q2 2017 was Muzinich & Co, an estimated $11.4M added.
- The largest BlackRock TCP Capital seller in Q2 2017 was AllianceBernstein, an estimated $2.11M sold.
Based on aggregated 13F filings for Q2 2017.