BlackRock TCP Capital
TCPC
143 hedge funds and large institutions have $156M invested in BlackRock TCP Capital in 2025 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 48 increasing their positions, 40 reducing their positions, and 25 closing their positions.
38% more call options, than puts
Call options by funds: $557K | Put options by funds: $405K
20% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 40
1.34% more ownership
Funds ownership: 21.67% → 23.01% (+1.3%)
3% less capital invested
Capital invested by funds: $162M → $156M (-$5.26M)
5% less funds holding
Funds holding: 150 → 143 (-7)
16% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$4.89M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.22M |
| 3 |
CC
CF Capital
Cohasset,
Massachusetts
|
+$2.92M |
| 4 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$2.12M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
TrueMark Investments
Chicago,
Illinois
|
-$5.27M |
| 2 |
VanEck Associates
New York
|
-$1.49M |
| 3 |
CM
Cercano Management
Bellevue,
Washington
|
-$1.29M |
| 4 |
Two Sigma Advisers
New York
|
-$1.27M |
| 5 |
Jane Street
New York
|
-$1.24M |
TCPC Hedge Fund Activity: Q1 2025 in Review
143 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2025, worth a combined $156M — down 3.3% from $162M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of TCPC and 21 opened new positions — a net loss of 4 holders — while 40 trimmed existing stakes and 48 added.
The largest buyer was Cetera Investment Advisers, opening a new position worth an estimated $4.89M. The largest seller was TrueMark Investments, exiting entirely with an estimated $5.27M sold.
- 143 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2025, down from 150 in Q4 2024.
- Funds reported $156M of BlackRock TCP Capital stock for Q1 2025, down 3.3% quarter-over-quarter.
- 21 funds opened new BlackRock TCP Capital positions in Q1 2025 and 25 closed out, a net change of -4 holders.
- The largest BlackRock TCP Capital buyer in Q1 2025 was Cetera Investment Advisers, an estimated $4.89M added.
- The largest BlackRock TCP Capital seller in Q1 2025 was TrueMark Investments, an estimated $5.27M sold.
Based on aggregated 13F filings for Q1 2025.