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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
FCI
151
Financial Counselors Inc
Kansas
– -$100K -12,500 Closed
Truist Financial
152
Truist Financial
North Carolina
– -$90.4K -11,289 Closed
KWA
153
Kingswood Wealth Advisors
California
– -$81.3K -10,156 Closed
Simplex Trading
154
Simplex Trading
Illinois
– -$27.4K -3,733 Closed
FHA
155
First Horizon Advisors
Tennessee
– -$15.2K -1,894 Closed
Nisa Investment Advisors
156
Nisa Investment Advisors
Missouri
– -$12.8K -1,600 Closed
AWM
157
AllSquare Wealth Management
New York
– -$10K -1,250 Closed
LWMI
158
Legacy Wealth Management (Idaho)
Idaho
– -$5.61K -700 Closed
HCP
159
Hexagon Capital Partners
Arkansas
– -$4.25K -531 Closed
TRCT
160
Tower Research Capital (TRC)
New York
– -$2.1K -262 Closed
SSG
161
Summit Securities Group
New York
– -$1.56K -195 Closed
Northwestern Mutual Wealth Management
162
Northwestern Mutual Wealth Management
Wisconsin
– -$801 -100 Closed
DB
163
Danske Bank
Denmark
– -$16 -2 Closed
JP Morgan Chase
164
JP Morgan Chase
New York
– -$8 -1 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.