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BlackRock TCP Capital

93 hedge funds and large institutions have $325M invested in BlackRock TCP Capital in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 31 increasing their positions, 32 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more call options, than puts

Call options by funds: $296K | Put options by funds: $242K

4% more capital invested

Capital invested by funds: $313M → $325M (+$12.6M)

3% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 32

5% less funds holding

Funds holding: 9893 (-5)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
93
Holders Change
-5
Holders Change %
-5.1%
% of All Funds
2.48%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
6
Increased
31
Reduced
32
Closed
10
Calls
$296K
Puts
$242K
Net Calls
+$54K
Net Calls Change
+$90K
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$54M -$10.2M -742,097 -17%
VNIM
2
Vaughan Nelson Investment Management
Texas
$42M -$326K -23,825 -0.8%
ClearBridge Investments
3
ClearBridge Investments
New York
$32.5M -$686K -50,100 -2%
B
4
Barings
North Carolina
$23.9M
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$16.6M +$80.2K +5,860 +0.5%
AllianceBernstein
6
AllianceBernstein
Tennessee
$16.5M +$772K +56,369 +5%
UBS Group
7
UBS Group
Switzerland
$13.1M +$992K +72,461 +9%
Axa
8
Axa
France
$12.6M
CIM
9
Confluence Investment Management
Missouri
$10.1M +$32.4K +2,367 +0.4%
MC
10
Muzinich & Co
New York
$9.32M -$71.5K -5,221 -0.8%
AAM
11
Advisors Asset Management
Colorado
$7.16M +$49.1K +3,588 +0.8%
YMRC
12
Yorktown Management & Research Company
Virginia
$6.26M
Invesco
13
Invesco
Georgia
$6.24M -$79.7K -5,820 -1%
Morgan Stanley
14
Morgan Stanley
New York
$4.56M +$707K +51,634 +20%
Neuberger Berman Group
15
Neuberger Berman Group
New York
$4.42M +$68.4K +5,000 +2%
PI
16
Putnam Investments
Massachusetts
$4.34M
Natixis Advisors
17
Natixis Advisors
Massachusetts
$4.11M +$145K +10,614 +4%
BG
18
BlackRock Group
United Kingdom
$3.41M +$200K +14,607 +7%
GC
19
Guggenheim Capital
Illinois
$2.91M -$21.2K -1,546 -0.8%
PAWC
20
P.A.W. Capital
Connecticut
$2.68M +$411K +30,000 +20%
DADC
21
D.A. Davidson & Co
Montana
$2.55M -$673K -49,156 -22%
ACM
22
Advisors Capital Management
New Jersey
$2.52M +$67.2K +4,911 +3%
VanEck Associates
23
VanEck Associates
New York
$2.49M +$94.3K +6,890 +4%
WFI
24
West Family Investments
California
$2.49M +$588K +42,957 +35%
MCM
25
McKinley Capital Management
Alaska
$2.4M +$441K +32,251 +25%

TCPC Hedge Fund Activity: Q1 2016 in Review

93 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2016, worth a combined $325M — up 4% from $313M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of TCPC and 6 opened new positions — a net loss of 4 holders — while 32 trimmed existing stakes and 31 added.

The largest buyer was UBS Group, adding an estimated $992K. The largest seller was Wells Fargo, cutting an estimated $10.2M.

  • 93 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2016, down from 98 in Q4 2015.
  • Funds reported $325M of BlackRock TCP Capital stock for Q1 2016, up 4% quarter-over-quarter.
  • 6 funds opened new BlackRock TCP Capital positions in Q1 2016 and 10 closed out, a net change of -4 holders.
  • The largest BlackRock TCP Capital buyer in Q1 2016 was UBS Group, an estimated $992K added.
  • The largest BlackRock TCP Capital seller in Q1 2016 was Wells Fargo, an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2016.