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BlackRock TCP Capital
TCPC

111 hedge funds and large institutions have $482M invested in BlackRock TCP Capital in 2017 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 39 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 16

3% more funds holding

Funds holding: 108 → 111 (+3)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.79% less ownership

Funds ownership: 54.41% → 53.62% (-0.79%)

9% less capital invested

Capital invested by funds: $527M → $482M (-$45M)

10% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 39

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $3K

Holders
111
Holders Change
+3
Holders Change %
+2.78%
% of All Funds
2.52%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
20
Increased
35
Reduced
39
Closed
16
Calls
–
Puts
$3K
Net Calls
-$3K
Net Calls Change
-$229K

Top Buyers

Rank Fund Capital Flow
1
KCM
Kennedy Capital Management
Missouri
+$4.16M
2
BAM
Burgundy Asset Management
Ontario, Canada
+$3.36M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$3.12M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$1.68M
5
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury
Tennessee
+$1.03M

Top Sellers

Rank Fund Capital Flow
1
MC
Muzinich & Co
New York
-$8.17M
2
YMRC
Yorktown Management & Research Company
Virginia
-$7.42M
3
UBS Group
UBS Group
Switzerland
-$2.38M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$2.29M
5
AAMU
Amundi Asset Management US
Massachusetts
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
PI
101
PineBridge Investments
New York
$11K – – –
BFEC
102
Benjamin F. Edwards & Company
Missouri
$10K -$2K -125 -16%
SWP
103
Stratos Wealth Partners
Ohio
$10K +$10.4K +650 New
RFC
104
Regions Financial Corp
Alabama
$8K +$8K +500 New
FMII
105
Farmers & Merchants Investments Inc
Nebraska
$7K +$6.85K +428 New
GFP
106
Gryphon Financial Partners
Ohio
$7K +$7.1K +444 New
GRP
107
Global Retirement Partners
California
$5K – – –
PCIA
108
Prime Capital Investment Advisors
Kansas
$4K +$4.4K +275 New
PRS
109
Pinkerton Retirement Specialists
Idaho
$3K +$64 +4 +2%
SPIA
110
Steward Partners Investment Advisory
New York
$2K +$2.5K +156 +538%
WAP
111
Wealthcare Advisory Partners
Pennsylvania
$1K – – –
YMRC
112
Yorktown Management & Research Company
Virginia
– -$7.42M -450,000 Closed
AAMU
113
Amundi Asset Management US
Massachusetts
– -$1.72M -104,242 Closed
WS
114
Wedbush Securities
California
– -$531K -32,195 Closed
SEI Investments
115
SEI Investments
Pennsylvania
– -$517K -31,346 Closed
NFA
116
Nationwide Fund Advisors
Ohio
– -$451K -27,347 Closed
State Street
117
State Street
Massachusetts
– -$373K -22,600 Closed
Jane Street
118
Jane Street
New York
– -$296K -17,943 Closed
CA
119
Clearstead Advisors
Ohio
– -$218K -13,224 Closed
PCM
120
Prelude Capital Management
New York
– -$183K -11,100 Closed
PNC Financial Services Group
121
PNC Financial Services Group
Pennsylvania
– -$32K -2,000 Closed
IA
122
IFP Advisors
Florida
– -$15K -930 Closed
FMP
123
Financial Management Professionals
Texas
– -$13K -800 Closed
PCM
124
Penserra Capital Management
California
– -$12K -768 Closed
Carson Wealth (CWM LLC)
125
Carson Wealth (CWM LLC)
Nebraska
– -$12K -735 Closed
2 3 4
5
6

TCPC Hedge Fund Activity: Q4 2017 in Review

111 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q4 2017, worth a combined $482M — down 8.5% from $527M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new TCPC positions and 16 closed out — a net gain of 4 holders — while 35 added to existing stakes and 39 trimmed.

The largest buyer was Kennedy Capital Management, adding an estimated $4.16M. The largest seller was Muzinich & Co, cutting an estimated $8.17M.

  • 111 institutional investors held BlackRock TCP Capital (TCPC) as of Q4 2017, up from 108 in Q3 2017.
  • Funds reported $482M of BlackRock TCP Capital stock for Q4 2017, down 8.5% quarter-over-quarter.
  • 20 funds opened new BlackRock TCP Capital positions in Q4 2017 and 16 closed out, a net change of +4 holders.
  • The largest BlackRock TCP Capital buyer in Q4 2017 was Kennedy Capital Management, an estimated $4.16M added.
  • The largest BlackRock TCP Capital seller in Q4 2017 was Muzinich & Co, an estimated $8.17M sold.

Based on aggregated 13F filings for Q4 2017.