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BlackRock TCP Capital
TCPC

109 hedge funds and large institutions have $531M invested in BlackRock TCP Capital in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 47 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

224% more call options, than puts

Call options by funds: $587K | Put options by funds: $181K

167% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 6

124% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 21

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

9% more funds holding

Funds holding: 100 → 109 (+9)

3% more capital invested

Capital invested by funds: $514M → $531M (+$17.1M)

2.17% less ownership

Funds ownership: 55.63% → 53.45% (-2.2%)

Holders
109
Holders Change
+9
Holders Change %
+9%
% of All Funds
2.72%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.1%
New
16
Increased
47
Reduced
21
Closed
6
Calls
$587K
Puts
$181K
Net Calls
+$406K
Net Calls Change
+$205K

Top Buyers

1
MC
Muzinich & Co
New York
+$11.4M
2
Millennium Management
Millennium Management
New York
+$6.35M
3
VNIM
Vaughan Nelson Investment Management
Texas
+$3.64M
4
YMRC
Yorktown Management & Research Company
Virginia
+$2.21M
5
Two Sigma Investments
Two Sigma Investments
New York
+$2.03M

Top Sellers

1
AllianceBernstein
AllianceBernstein
Tennessee
-$2.11M
2
Morgan Stanley
Morgan Stanley
New York
-$1.81M
3
PI
Putnam Investments
Massachusetts
-$1.68M
4
BlackRock
BlackRock
New York
-$1.31M
5
Wells Fargo
Wells Fargo
California
-$1.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$70.6M -$1.19M -69,829 -2%
VNIM
2
Vaughan Nelson Investment Management
Texas
$54.6M +$3.64M +214,275 +7%
BAM
3
Burgundy Asset Management
Ontario, Canada
$53M +$162K +9,557 +0.3%
MC
4
Muzinich & Co
New York
$44.2M +$11.4M +668,411 +34%
CFG
5
CNO Financial Group
Indiana
$34M – – –
B
6
Barings
North Carolina
$27.1M – – –
ClearBridge Investments
7
ClearBridge Investments
New York
$26.2M – – –
UBS Group
8
UBS Group
Switzerland
$23.4M +$994K +58,467 +4%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$18.1M +$63.4K +3,731 +0.3%
CIM
10
Confluence Investment Management
Missouri
$12.9M +$479K +28,203 +4%
AllianceBernstein
11
AllianceBernstein
Tennessee
$11.9M -$2.11M -124,431 -15%
GC
12
Guggenheim Capital
Illinois
$8.15M +$733K +43,120 +10%
Millennium Management
13
Millennium Management
New York
$7.88M +$6.35M +373,798 +404%
AM
14
Ares Management
California
$7.66M – – –
YMRC
15
Yorktown Management & Research Company
Virginia
$7.61M +$2.21M +130,000 +41%
AAM
16
Advisors Asset Management
Colorado
$7.46M +$1.1M +64,950 +17%
VanEck Associates
17
VanEck Associates
New York
$7.07M +$1.52M +89,728 +27%
BlackRock
18
BlackRock
New York
$6.06M -$1.31M -76,874 -18%
AR
19
Advisory Research
Illinois
$5.79M +$449K +26,433 +8%
Neuberger Berman Group
20
Neuberger Berman Group
New York
$5.6M +$263K +15,450 +5%
SMDAM
21
Sumitomo Mitsui DS Asset Management
Japan
$5.54M +$447K +26,313 +9%
State of New Jersey Common Pension Fund D
22
State of New Jersey Common Pension Fund D
New Jersey
$5.49M -$425K -25,000 -7%
ACM
23
Advisors Capital Management
New Jersey
$5.27M +$612K +35,993 +13%
Invesco
24
Invesco
Georgia
$5.17M +$453K +26,653 +10%
Natixis Advisors
25
Natixis Advisors
Massachusetts
$4.81M +$234K +13,742 +5%
1
2 3 4 5

TCPC Hedge Fund Activity: Q2 2017 in Review

109 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2017, worth a combined $531M — up 3.3% from $514M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new TCPC positions and 6 closed out — a net gain of 10 holders — while 47 added to existing stakes and 21 trimmed.

The largest buyer was Muzinich & Co, adding an estimated $11.4M. The largest seller was AllianceBernstein, cutting an estimated $2.11M.

  • 109 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2017, up from 100 in Q1 2017.
  • Funds reported $531M of BlackRock TCP Capital stock for Q2 2017, up 3.3% quarter-over-quarter.
  • 16 funds opened new BlackRock TCP Capital positions in Q2 2017 and 6 closed out, a net change of +10 holders.
  • The largest BlackRock TCP Capital buyer in Q2 2017 was Muzinich & Co, an estimated $11.4M added.
  • The largest BlackRock TCP Capital seller in Q2 2017 was AllianceBernstein, an estimated $2.11M sold.

Based on aggregated 13F filings for Q2 2017.