BlackRock TCP Capital
TCPC
110 hedge funds and large institutions have $191M invested in BlackRock TCP Capital in 2021 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 29 increasing their positions, 29 reducing their positions, and 20 closing their positions.
355% more call options, than puts
Call options by funds: $1.04M | Put options by funds: $229K
25% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 20
5% more funds holding
Funds holding: 105 → 110 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 29
4% less capital invested
Capital invested by funds: $200M → $191M (-$8.89M)
1.02% less ownership
Funds ownership: 25.54% → 24.52% (-1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.68M |
| 2 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$3.68M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
+$1.91M |
| 4 |
VanEck Associates
New York
|
+$940K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$938K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
-$17.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.17M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.12M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.04M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$832K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWA
126
Evolution Wealth Advisors
Aventura,
Florida
| – | -$22K | -1,650 | Closed |
|
127
Barclays
London,
United Kingdom
| – | -$9K | -633 | Closed |
|
128
Simplex Trading
Chicago,
Illinois
| – | -$3.47K | -250 | Closed |
|
|
SMG
129
Spectrum Management Group
Indianapolis,
Indiana
| – | -$3K | -213 | Closed |
|
TCPC Hedge Fund Activity: Q4 2021 in Review
110 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q4 2021, worth a combined $191M — down 4.4% from $200M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new TCPC positions and 20 closed out — a net gain of 5 holders — while 29 added to existing stakes and 29 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.68M. The largest seller was State of Michigan Retirement System, exiting entirely with an estimated $17.9M sold.
- 110 institutional investors held BlackRock TCP Capital (TCPC) as of Q4 2021, up from 105 in Q3 2021.
- Funds reported $191M of BlackRock TCP Capital stock for Q4 2021, down 4.4% quarter-over-quarter.
- 25 funds opened new BlackRock TCP Capital positions in Q4 2021 and 20 closed out, a net change of +5 holders.
- The largest BlackRock TCP Capital buyer in Q4 2021 was Morgan Stanley, an estimated $5.68M added.
- The largest BlackRock TCP Capital seller in Q4 2021 was State of Michigan Retirement System, an estimated $17.9M sold.
Based on aggregated 13F filings for Q4 2021.