BlackRock TCP Capital
TCPC
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.
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: 98 → 93 (-5)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$992K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$850K |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$772K |
| 4 |
Morgan Stanley
New York
|
+$707K |
| 5 |
WFI
West Family Investments
Carlsbad,
California
|
+$588K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$10.2M |
| 2 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$2.83M |
| 3 |
FMP
Financial Management Professionals
Austin,
Texas
|
-$1.01M |
| 4 |
ClearBridge Investments
New York
|
-$686K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$673K |
TCPC Hedge Fund Activity: Q1 2016 in Review
93 of the 3,767 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.