BlackRock TCP Capital
TCPC
105 hedge funds and large institutions have $200M invested in BlackRock TCP Capital in 2021 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 37 increasing their positions, 28 reducing their positions, and 9 closing their positions.
517% more call options, than puts
Call options by funds: $1.88M | Put options by funds: $305K
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
32% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 28
3% more funds holding
Funds holding: 102 → 105 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.43% less ownership
Funds ownership: 26.97% → 25.54% (-1.4%)
7% less capital invested
Capital invested by funds: $215M → $200M (-$15.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$4.26M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$3.23M |
| 3 |
BZWA
Blue Zone Wealth Advisors
Los Angeles,
California
|
+$718K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$631K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$582K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$11.6M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.08M |
| 3 |
Two Sigma Advisers
New York
|
-$1.97M |
| 4 |
Two Sigma Investments
New York
|
-$1.04M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$991K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SMG
101
Spectrum Management Group
Indianapolis,
Indiana
| $3K | +$2.99K | +213 | New |
|
|
GLLW
102
Graves Light Lenhart Wealth
Harrisonburg,
Virginia
| $2K | -$10.3K | -737 | -87% |
|
|
CAL
103
Capital Analysts LLC
Fort Washington,
Pennsylvania
| $1K | – | – | – |
|
|
BFEC
104
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $1K | +$14 | +1 | +2% |
|
105
Citadel Advisors
Miami,
Florida
| – | -$566K | -40,328 | Closed |
|
106
Neuberger Berman Group
New York
| – | -$323K | -23,395 | Closed |
|
107
Millennium Management
New York
| – | -$287K | -20,758 | Closed |
|
|
ECM
108
ExodusPoint Capital Management
New York
| – | -$193K | -13,992 | Closed |
|
|
MWNA
109
Marshall Wace North America
New York
| – | -$148K | -10,739 | Closed |
|
|
SAS
110
Stelac Advisory Services
New York
| – | -$131K | -9,496 | Closed |
|
|
WAM
111
Wolverine Asset Management
Chicago,
Illinois
| – | -$23K | -1,696 | Closed |
|
112
Citigroup
New York
| – | -$23K | -1,678 | Closed |
|
|
SB
113
Strategic Blueprint
Atlanta,
Georgia
| – | -$4K | -288 | Closed |
|
114
Fidelity Investments
Boston,
Massachusetts
| – | -$14 | -1 | -50% |
|
TCPC Hedge Fund Activity: Q3 2021 in Review
105 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2021, worth a combined $200M — down 7% from $215M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new TCPC positions and 9 closed out — a net gain of 4 holders — while 37 added to existing stakes and 28 trimmed.
The largest buyer was Advisors Asset Management, opening a new position worth an estimated $4.26M. The largest seller was Arrowstreet Capital, cutting an estimated $11.6M.
- 105 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2021, up from 102 in Q2 2021.
- Funds reported $200M of BlackRock TCP Capital stock for Q3 2021, down 7% quarter-over-quarter.
- 13 funds opened new BlackRock TCP Capital positions in Q3 2021 and 9 closed out, a net change of +4 holders.
- The largest BlackRock TCP Capital buyer in Q3 2021 was Advisors Asset Management, an estimated $4.26M added.
- The largest BlackRock TCP Capital seller in Q3 2021 was Arrowstreet Capital, an estimated $11.6M sold.
Based on aggregated 13F filings for Q3 2021.