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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$4.16M |
| 2 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$3.36M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.12M |
| 4 |
D.E. Shaw & Co
New York
|
+$1.68M |
| 5 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
-$8.17M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$7.42M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.38M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.29M |
| 5 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$1.72M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CTC
126
Central Trust Company
Jefferson City,
Missouri
| – | -$5K | -321 | Closed |
|
127
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -54 | Closed |
|
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.