BlackRock TCP Capital
TCPC
140 hedge funds and large institutions have $129M invested in BlackRock TCP Capital in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 35 increasing their positions, 33 reducing their positions, and 18 closing their positions.
50% more call options, than puts
Call options by funds: $418K | Put options by funds: $278K
50% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 18
6% more funds holding
Funds holding: 132 → 140 (+8)
2.68% more ownership
Funds ownership: 21.87% → 24.54% (+2.7%)
6% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 33
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less capital invested
Capital invested by funds: $143M → $129M (-$13.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Next Capital Management
New York
|
+$9.09M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$3.76M |
| 3 |
CC
CF Capital
Cohasset,
Massachusetts
|
+$3.59M |
| 4 |
Two Sigma Investments
New York
|
+$1.17M |
| 5 |
VanEck Associates
New York
|
+$790K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.36M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$1.01M |
| 3 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$822K |
| 4 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
-$773K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$649K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QL
151
Quarry LP
New York
| – | -$15.9K | -2,064 | Closed |
|
|
AAS
152
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$10.5K | -1,364 | Closed |
|
|
CIAM
153
Caitong International Asset Management
Hong Kong
| – | -$7.39K | -960 | Closed |
|
|
FFA
154
Farther Finance Advisors
San Francisco,
California
| – | -$6.15K | -799 | Closed |
|
|
CTA
155
Colonial Trust Advisors
Spartanburg,
South Carolina
| – | -$4.41K | -573 | Closed |
|
|
WTFG
156
Wood Tarver Financial Group
Boise,
Idaho
| – | -$3K | -470 | Closed |
|
|
GWM
157
Geneos Wealth Management
Englewood,
Colorado
| – | -$2.34K | -304 | Closed |
|
158
Citigroup
New York
| – | -$8 | -1 | Closed |
|
TCPC Hedge Fund Activity: Q3 2025 in Review
140 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2025, worth a combined $129M — down 9.6% from $143M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new TCPC positions and 18 closed out — a net gain of 9 holders — while 35 added to existing stakes and 33 trimmed.
The largest buyer was Next Capital Management, adding an estimated $9.09M. The largest seller was Morgan Stanley, cutting an estimated $1.36M.
- 140 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2025, up from 132 in Q2 2025.
- Funds reported $129M of BlackRock TCP Capital stock for Q3 2025, down 9.6% quarter-over-quarter.
- 27 funds opened new BlackRock TCP Capital positions in Q3 2025 and 18 closed out, a net change of +9 holders.
- The largest BlackRock TCP Capital buyer in Q3 2025 was Next Capital Management, an estimated $9.09M added.
- The largest BlackRock TCP Capital seller in Q3 2025 was Morgan Stanley, an estimated $1.36M sold.
Based on aggregated 13F filings for Q3 2025.