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BlackRock TCP Capital
TCPC

117 hedge funds and large institutions have $142M invested in BlackRock TCP Capital in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

138% more call options, than puts

Call options by funds: $508K | Put options by funds: $213K

24% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 33

2.41% less ownership

Funds ownership: 26.32% → 23.91% (-2.4%)

7% less funds holding

Funds holding: 126 → 117 (-9)

28% less capital invested

Capital invested by funds: $197M → $142M (-$54.9M)

29% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 21

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
117
Holders Change
-9
Holders Change %
-7.14%
% of All Funds
1.86%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
15
Increased
41
Reduced
33
Closed
21
Calls
$508K
Puts
$213K
Net Calls
+$295K
Net Calls Change
-$379K

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$1.43M
2
Cerity Partners
Cerity Partners
New York
+$1.34M
3
OC
Oppenheimer & Co
New York
+$811K
4
PFMU
Privium Fund Management (UK)
United Kingdom
+$799K
5
VanEck Associates
VanEck Associates
New York
+$658K

Top Sellers

Rank Fund Capital Flow
1
C
Cliffwater
California
-$4.74M
2
Citadel Advisors
Citadel Advisors
Florida
-$2.8M
3
Millennium Management
Millennium Management
New York
-$2.68M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$2.06M
5
UBS Group
UBS Group
Switzerland
-$1.61M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
101
Aquatic Capital Management
Illinois
$21K -$88.3K -7,300 -78%
GWSG
102
GPS Wealth Strategies Group
Colorado
$13.4K +$15.7K +1,300 New
NA
103
NewEdge Advisors
Louisiana
$12.9K – – –
AWM
104
AllSquare Wealth Management
New York
$12.9K – – –
MWM
105
Mascoma Wealth Management
New Hampshire
$12.4K – – –
ASN
106
Advisory Services Network
Georgia
$10.3K – – –
OIA
107
Optimum Investment Advisors
Illinois
$10.3K – – –
PFA
108
Pathway Financial Advisers
Indiana
$9.01K – – –
EWA
109
EverSource Wealth Advisors
Alabama
$7.72K – – –
SIS
110
Sound Income Strategies
Florida
$7.58K +$5.63K +465 +172%
AIP
111
Ahrens Investment Partners
Louisiana
$7.21K +$8.47K +700 New
Nomura Asset Management
112
Nomura Asset Management
Japan
$5.69K +$6.68K +552 New
FFA
113
Farther Finance Advisors
California
$2.09K – – –
AAS
114
Ameritas Advisory Services
Nebraska
$2K +$2.42K +200 New
BFEC
115
Benjamin F. Edwards & Company
Missouri
$1K +$24 +2 +3%
JWM
116
Janiczek Wealth Management
Colorado
$822 – – –
Commonwealth Equity Services
117
Commonwealth Equity Services
Massachusetts
$323 +$71.7K +5,923 +23%
BZWA
118
Blue Zone Wealth Advisors
California
– -$1.44M -111,577 Closed
MCM
119
Monument Capital Management
Virginia
– -$679K -52,462 Closed
Jane Street
120
Jane Street
New York
– -$647K -50,007 Closed
Janney Montgomery Scott
121
Janney Montgomery Scott
Pennsylvania
– -$643K -49,672 Closed
GA
122
GraniteShares Advisors
New York
– -$625K -48,279 Closed
Susquehanna International Group
123
Susquehanna International Group
Pennsylvania
– -$309K -25,500 Closed
SW
124
SVB Wealth
Massachusetts
– -$236K -18,200 Closed
ECM
125
ExodusPoint Capital Management
New York
– -$229K -17,710 Closed
2 3 4
5
6

TCPC Hedge Fund Activity: Q1 2023 in Review

117 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2023, worth a combined $142M — down 28% from $197M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of TCPC and 15 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 41 added.

The largest buyer was Credit Suisse, opening a new position worth an estimated $1.43M. The largest seller was Cliffwater, cutting an estimated $4.74M.

  • 117 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2023, down from 126 in Q4 2022.
  • Funds reported $142M of BlackRock TCP Capital stock for Q1 2023, down 28% quarter-over-quarter.
  • 15 funds opened new BlackRock TCP Capital positions in Q1 2023 and 21 closed out, a net change of -6 holders.
  • The largest BlackRock TCP Capital buyer in Q1 2023 was Credit Suisse, an estimated $1.43M added.
  • The largest BlackRock TCP Capital seller in Q1 2023 was Cliffwater, an estimated $4.74M sold.

Based on aggregated 13F filings for Q1 2023.