BlackRock TCP Capital
TCPC
116 hedge funds and large institutions have $327M invested in BlackRock TCP Capital in 2019 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 40 increasing their positions, 32 reducing their positions, and 26 closing their positions.
71% more call options, than puts
Call options by funds: $362K | Put options by funds: $212K
25% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 32
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.82% less ownership
Funds ownership: 42.93% → 39.11% (-3.8%)
6% less capital invested
Capital invested by funds: $347M → $327M (-$19.4M)
8% less funds holding
Funds holding: 126 → 116 (-10)
38% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$5.56M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
+$3.58M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.11M |
| 4 |
Millennium Management
New York
|
+$1.38M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$20M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$4.72M |
| 3 |
SC
Southside Capital
Miami Beach,
Florida
|
-$3.3M |
| 4 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
-$3.08M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.03M |
TCPC Hedge Fund Activity: Q2 2019 in Review
116 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2019, worth a combined $327M — down 5.6% from $347M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of TCPC and 16 opened new positions — a net loss of 10 holders — while 32 trimmed existing stakes and 40 added.
The largest buyer was Advisors Capital Management, opening a new position worth an estimated $5.56M. The largest seller was Acadian Asset Management, exiting entirely with an estimated $20M sold.
- 116 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2019, down from 126 in Q1 2019.
- Funds reported $327M of BlackRock TCP Capital stock for Q2 2019, down 5.6% quarter-over-quarter.
- 16 funds opened new BlackRock TCP Capital positions in Q2 2019 and 26 closed out, a net change of -10 holders.
- The largest BlackRock TCP Capital buyer in Q2 2019 was Advisors Capital Management, an estimated $5.56M added.
- The largest BlackRock TCP Capital seller in Q2 2019 was Acadian Asset Management, an estimated $20M sold.
Based on aggregated 13F filings for Q2 2019.