BlackRock TCP Capital
TCPC
106 hedge funds and large institutions have $412M invested in BlackRock TCP Capital in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 40 increasing their positions, 35 reducing their positions, and 11 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 35
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0% more funds holding
Funds holding: 106 → 106 (0)
4% less capital invested
Capital invested by funds: $430M → $412M (-$17.5M)
2.88% less ownership
Funds ownership: 51.39% → 48.51% (-2.9%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
31% less call options, than puts
Call options by funds: $457K | Put options by funds: $658K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
6M
6 Meridian
Wichita,
Kansas
|
+$5.33M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.83M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$2.4M |
| 4 |
AM
Ares Management
Los Angeles,
California
|
+$2.05M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$14.2M |
| 2 |
MC
Muzinich & Co
New York
|
-$7.01M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.37M |
| 4 |
MWNA
Marshall Wace North America
New York
|
-$3.86M |
| 5 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$2.72M |
TCPC Hedge Fund Activity: Q2 2018 in Review
106 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2018, worth a combined $412M — down 4.1% from $430M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new TCPC positions and 11 closed out — a net gain of 1 holder — while 40 added to existing stakes and 35 trimmed.
The largest buyer was 6 Meridian, opening a new position worth an estimated $5.33M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $14.2M sold.
- 106 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2018, unchanged from Q1 2018.
- Funds reported $412M of BlackRock TCP Capital stock for Q2 2018, down 4.1% quarter-over-quarter.
- 12 funds opened new BlackRock TCP Capital positions in Q2 2018 and 11 closed out, a net change of +1 holder.
- The largest BlackRock TCP Capital buyer in Q2 2018 was 6 Meridian, an estimated $5.33M added.
- The largest BlackRock TCP Capital seller in Q2 2018 was T. Rowe Price Associates, an estimated $14.2M sold.
Based on aggregated 13F filings for Q2 2018.