BlackRock TCP Capital
TCPC
119 hedge funds and large institutions have $113M invested in BlackRock TCP Capital in 2020 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 33 increasing their positions, 35 reducing their positions, and 24 closing their positions.
33% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 24
4% more funds holding
Funds holding: 114 → 119 (+5)
0.42% less ownership
Funds ownership: 31.37% → 30.94% (-0.42%)
6% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 35
56% less capital invested
Capital invested by funds: $259M → $113M (-$146M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $6K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Barings
Charlotte,
North Carolina
|
+$19.9M |
| 2 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$5.36M |
| 3 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
+$3.59M |
| 4 |
D.E. Shaw & Co
New York
|
+$2.68M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$16.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.56M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$4.25M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$4.16M |
| 5 |
Neuberger Berman Group
New York
|
-$3.56M |
TCPC Hedge Fund Activity: Q1 2020 in Review
119 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2020, worth a combined $113M — down 56% from $259M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new TCPC positions and 24 closed out — a net gain of 8 holders — while 33 added to existing stakes and 35 trimmed.
The largest buyer was Barings, opening a new position worth an estimated $19.9M. The largest seller was Burgundy Asset Management, exiting entirely with an estimated $16.9M sold.
- 119 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2020, up from 114 in Q4 2019.
- Funds reported $113M of BlackRock TCP Capital stock for Q1 2020, down 56% quarter-over-quarter.
- 32 funds opened new BlackRock TCP Capital positions in Q1 2020 and 24 closed out, a net change of +8 holders.
- The largest BlackRock TCP Capital buyer in Q1 2020 was Barings, an estimated $19.9M added.
- The largest BlackRock TCP Capital seller in Q1 2020 was Burgundy Asset Management, an estimated $16.9M sold.
Based on aggregated 13F filings for Q1 2020.