BlackRock TCP Capital
TCPC
106 hedge funds and large institutions have $430M invested in BlackRock TCP Capital in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 42 reducing their positions, and 19 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
2.24% less ownership
Funds ownership: 53.62% → 51.39% (-2.2%)
5% less funds holding
Funds holding: 111 → 106 (-5)
11% less capital invested
Capital invested by funds: $482M → $430M (-$51.8M)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
31% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 42
46% less call options, than puts
Call options by funds: $142K | Put options by funds: $262K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$8.62M |
| 2 |
MWNA
Marshall Wace North America
New York
|
+$3.99M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.69M |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$897K |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
+$816K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
-$9.63M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$5.58M |
| 3 |
Millennium Management
New York
|
-$3.33M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$3.2M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$3.15M |
TCPC Hedge Fund Activity: Q1 2018 in Review
106 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2018, worth a combined $430M — down 11% from $482M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of TCPC and 14 opened new positions — a net loss of 5 holders — while 42 trimmed existing stakes and 29 added.
The largest buyer was Ares Management, adding an estimated $8.62M. The largest seller was Muzinich & Co, cutting an estimated $9.63M.
- 106 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2018, down from 111 in Q4 2017.
- Funds reported $430M of BlackRock TCP Capital stock for Q1 2018, down 11% quarter-over-quarter.
- 14 funds opened new BlackRock TCP Capital positions in Q1 2018 and 19 closed out, a net change of -5 holders.
- The largest BlackRock TCP Capital buyer in Q1 2018 was Ares Management, an estimated $8.62M added.
- The largest BlackRock TCP Capital seller in Q1 2018 was Muzinich & Co, an estimated $9.63M sold.
Based on aggregated 13F filings for Q1 2018.