BlackRock TCP Capital
TCPC
85 hedge funds and large institutions have $349M invested in BlackRock TCP Capital in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 26 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
12% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 26
2% more funds holding
Funds holding: 83 → 85 (+2)
5% less capital invested
Capital invested by funds: $367M → $349M (-$18.2M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$9.13M |
| 2 |
MC
Muzinich & Co
New York
|
+$2.74M |
| 3 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
+$1.25M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$810K |
| 5 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$706K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$10.7M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.26M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$2.18M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.49M |
| 5 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
-$1.47M |
TCPC Hedge Fund Activity: Q2 2015 in Review
85 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2015, worth a combined $349M — down 5% from $367M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TCPC positions and 10 closed out — a net gain of 4 holders — while 29 added to existing stakes and 26 trimmed.
The largest buyer was Wells Fargo, adding an estimated $9.13M. The largest seller was Wedge Capital Management, exiting entirely with an estimated $10.7M sold.
- 85 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2015, up from 83 in Q1 2015.
- Funds reported $349M of BlackRock TCP Capital stock for Q2 2015, down 5% quarter-over-quarter.
- 14 funds opened new BlackRock TCP Capital positions in Q2 2015 and 10 closed out, a net change of +4 holders.
- The largest BlackRock TCP Capital buyer in Q2 2015 was Wells Fargo, an estimated $9.13M added.
- The largest BlackRock TCP Capital seller in Q2 2015 was Wedge Capital Management, an estimated $10.7M sold.
Based on aggregated 13F filings for Q2 2015.