BlackRock TCP Capital
TCPC
126 hedge funds and large institutions have $347M invested in BlackRock TCP Capital in 2019 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 20 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 36
1% more capital invested
Capital invested by funds: $343M → $347M (+$3.91M)
1% less funds holding
Funds holding: 127 → 126 (-1)
5% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 20
2.43% less ownership
Funds ownership: 45.36% → 42.93% (-2.4%)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $173K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$9.11M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$8.86M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$8.1M |
| 4 |
SC
Southside Capital
Miami Beach,
Florida
|
+$3.32M |
| 5 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$3.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
-$14.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$7.87M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
-$7.04M |
| 4 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
-$4.88M |
| 5 |
Millennium Management
New York
|
-$4.74M |
TCPC Hedge Fund Activity: Q1 2019 in Review
126 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2019, worth a combined $347M — up 1.1% from $343M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of TCPC and 19 opened new positions — a net loss of 1 holder — while 36 trimmed existing stakes and 43 added.
The largest buyer was Acadian Asset Management, adding an estimated $9.11M. The largest seller was Muzinich & Co, cutting an estimated $14.7M.
- 126 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2019, down from 127 in Q4 2018.
- Funds reported $347M of BlackRock TCP Capital stock for Q1 2019, up 1.1% quarter-over-quarter.
- 19 funds opened new BlackRock TCP Capital positions in Q1 2019 and 20 closed out, a net change of -1 holder.
- The largest BlackRock TCP Capital buyer in Q1 2019 was Acadian Asset Management, an estimated $9.11M added.
- The largest BlackRock TCP Capital seller in Q1 2019 was Muzinich & Co, an estimated $14.7M sold.
Based on aggregated 13F filings for Q1 2019.