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BlackRock TCP Capital
TCPC

83 hedge funds and large institutions have $367M invested in BlackRock TCP Capital in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 20 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 20

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

1% more capital invested

Capital invested by funds: $364M → $367M (+$2.94M)

10% less funds holding

Funds holding: 92 → 83 (-9)

30% less call options, than puts

Call options by funds: $184K | Put options by funds: $262K

50% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 18

Holders
83
Holders Change
-9
Holders Change %
-9.78%
% of All Funds
2.21%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
9
Increased
33
Reduced
20
Closed
18
Calls
$184K
Puts
$262K
Net Calls
-$78K
Net Calls Change
+$296K

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$12.3M
2
Morgan Stanley
Morgan Stanley
New York
+$3.27M
3
UBS Group
UBS Group
Switzerland
+$3.11M
4
MC
Muzinich & Co
New York
+$1.98M
5
AAM
Advisors Asset Management
Colorado
+$1.48M

Top Sellers

1
NIMC
NWQ Investment Management Company
California
-$4.27M
2
CCM
Covington Capital Management
California
-$2.09M
3
Millennium Management
Millennium Management
New York
-$1.69M
4
GC
Guggenheim Capital
Illinois
-$1.31M
5
State Street
State Street
Massachusetts
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$68.7M +$12.3M +763,914 +22%
ClearBridge Investments
2
ClearBridge Investments
New York
$40.3M +$1.15M +71,000 +3%
VNIM
3
Vaughan Nelson Investment Management
Texas
$39.3M +$14.9K +925 +0%
B
4
Barings
North Carolina
$25.7M – – –
UBS Group
5
UBS Group
Switzerland
$17.7M +$3.11M +192,712 +21%
T. Rowe Price Associates
6
T. Rowe Price Associates
Maryland
$15.8M -$129K -8,020 -0.8%
Axa
7
Axa
France
$13.6M – – –
AAMU
8
Amundi Asset Management US
Massachusetts
$13.4M +$965K +59,735 +8%
WCM
9
Wedge Capital Management
North Carolina
$10.7M -$944K -58,450 -8%
CIM
10
Confluence Investment Management
Missouri
$10.2M +$30.6K +1,895 +0.3%
YMRC
11
Yorktown Management & Research Company
Virginia
$10.1M – – –
AllianceBernstein
12
AllianceBernstein
Tennessee
$9.55M +$835K +51,725 +9%
AAM
13
Advisors Asset Management
Colorado
$8.87M +$1.48M +91,794 +20%
MC
14
Muzinich & Co
New York
$7.78M +$1.98M +122,652 +34%
PI
15
Putnam Investments
Massachusetts
$7.65M +$29.1K +1,800 +0.4%
Invesco
16
Invesco
Georgia
$5.97M +$678K +42,003 +13%
Natixis Advisors
17
Natixis Advisors
Massachusetts
$4.77M +$827K +51,189 +21%
BG
18
BlackRock Group
United Kingdom
$4.11M +$1.24M +76,685 +43%
Morgan Stanley
19
Morgan Stanley
New York
$3.41M +$3.27M +202,489 +1,947%
Neuberger Berman Group
20
Neuberger Berman Group
New York
$3.4M +$505K +31,286 +17%
GC
21
Guggenheim Capital
Illinois
$3.07M -$1.31M -81,015 -30%
DADC
22
D.A. Davidson & Co
Montana
$2.92M +$1.19M +73,846 +68%
Stifel Financial
23
Stifel Financial
Missouri
$2.75M -$132K -8,204 -5%
VanEck Associates
24
VanEck Associates
New York
$2.56M -$230K -14,268 -8%
GT
25
Glenmede Trust
Pennsylvania
$2.18M +$6.93K +429 +0.3%
1
2 3 4 5

TCPC Hedge Fund Activity: Q1 2015 in Review

83 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2015, worth a combined $367M — up 0.81% from $364M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of TCPC and 9 opened new positions — a net loss of 9 holders — while 20 trimmed existing stakes and 33 added.

The largest buyer was Wells Fargo, adding an estimated $12.3M. The largest seller was NWQ Investment Management Company, exiting entirely with an estimated $4.27M sold.

  • 83 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2015, down from 92 in Q4 2014.
  • Funds reported $367M of BlackRock TCP Capital stock for Q1 2015, up 0.81% quarter-over-quarter.
  • 9 funds opened new BlackRock TCP Capital positions in Q1 2015 and 18 closed out, a net change of -9 holders.
  • The largest BlackRock TCP Capital buyer in Q1 2015 was Wells Fargo, an estimated $12.3M added.
  • The largest BlackRock TCP Capital seller in Q1 2015 was NWQ Investment Management Company, an estimated $4.27M sold.

Based on aggregated 13F filings for Q1 2015.