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BlackRock TCP Capital
TCPC

132 hedge funds and large institutions have $143M invested in BlackRock TCP Capital in 2025 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 32 increasing their positions, 38 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more call options, than puts

Call options by funds: $610K | Put options by funds: $462K

1.15% less ownership

Funds ownership: 23.01% → 21.87% (-1.1%)

8% less funds holding

Funds holding: 143 → 132 (-11)

8% less capital invested

Capital invested by funds: $156M → $143M (-$13.1M)

16% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 38

31% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 32

Holders
132
Holders Change
-11
Holders Change %
-7.69%
% of All Funds
1.74%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
22
Increased
32
Reduced
38
Closed
32
Calls
$610K
Puts
$462K
Net Calls
+$148K
Net Calls Change
-$4K

Top Buyers

Rank Fund Capital Flow
1
NCM
Next Capital Management
New York
+$7.96M
2
Marshall Wace
Marshall Wace
United Kingdom
+$3.86M
3
UBS Group
UBS Group
Switzerland
+$1.19M
4
VanEck Associates
VanEck Associates
New York
+$1.09M
5
BlackRock
BlackRock
New York
+$851K

Top Sellers

Rank Fund Capital Flow
1
CM
Columbus Macro
Pennsylvania
-$4.14M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.88M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$3.71M
4
CC
CF Capital
Massachusetts
-$2.55M
5
Morgan Stanley
Morgan Stanley
New York
-$1.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWC
126
TD Waterhouse Canada
Ontario, Canada
$1.66K – – –
BF
127
BOK Financial
Oklahoma
$1.6K – – –
IA
128
IFP Advisors
Florida
$1.54K -$220 -30 -13%
ADL
129
Asset Dedication LLC
California
$1.14K – – –
KFI
130
Key Financial Inc
Pennsylvania
$200 – – –
Citigroup
131
Citigroup
New York
$8 +$7 +1 New
CAM
132
Creekmur Asset Management
Illinois
$7 – – –
CM
133
Columbus Macro
Pennsylvania
– -$4.14M -516,303 Closed
CC
134
CF Capital
Massachusetts
– -$2.55M -365,000 Closed
WIA
135
Wealthedge Investment Advisors
New York
– -$1.07M -133,023 Closed
AIMCA
136
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$761K -95,000 Closed
EFG
137
Ethos Financial Group
Pennsylvania
– -$521K -65,019 Closed
ACM
138
Aquatic Capital Management
Illinois
– -$418K -52,178 Closed
OAC
139
OMERS Administration Corp
Ontario, Canada
– -$256K -32,000 Closed
VCP
140
Verus Capital Partners
Arizona
– -$250K -31,150 Closed
ECM
141
ExodusPoint Capital Management
New York
– -$186K -23,200 Closed
Janney Montgomery Scott
142
Janney Montgomery Scott
Pennsylvania
– -$185K -23,097 Closed
SSA
143
Schonfeld Strategic Advisors
New York
– -$178K -22,222 Closed
Squarepoint
144
Squarepoint
New York
– -$176K -21,958 Closed
VCA
145
Verdence Capital Advisors
Maryland
– -$149K -18,600 Closed
Goldman Sachs
146
Goldman Sachs
New York
– -$128K -16,006 Closed
YIH
147
Y-Intercept (HK)
Hong Kong
– -$124K -15,455 Closed
CC
148
Centiva Capital
New York
– -$111K -13,854 Closed
LWM
149
Lakeridge Wealth Management
Ohio
– -$104K -13,024 Closed
SWM
150
Spire Wealth Management
Virginia
– -$103K -12,867 Closed
3 4 5
6
7

TCPC Hedge Fund Activity: Q2 2025 in Review

132 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2025, worth a combined $143M — down 8.4% from $156M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of TCPC and 22 opened new positions — a net loss of 10 holders — while 38 trimmed existing stakes and 32 added.

The largest buyer was Next Capital Management, adding an estimated $7.96M. The largest seller was Columbus Macro, exiting entirely with an estimated $4.14M sold.

  • 132 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2025, down from 143 in Q1 2025.
  • Funds reported $143M of BlackRock TCP Capital stock for Q2 2025, down 8.4% quarter-over-quarter.
  • 22 funds opened new BlackRock TCP Capital positions in Q2 2025 and 32 closed out, a net change of -10 holders.
  • The largest BlackRock TCP Capital buyer in Q2 2025 was Next Capital Management, an estimated $7.96M added.
  • The largest BlackRock TCP Capital seller in Q2 2025 was Columbus Macro, an estimated $4.14M sold.

Based on aggregated 13F filings for Q2 2025.