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BlackRock TCP Capital
TCPC

116 hedge funds and large institutions have $327M invested in BlackRock TCP Capital in 2019 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 40 increasing their positions, 32 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more call options, than puts

Call options by funds: $362K | Put options by funds: $212K

25% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 32

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3.82% less ownership

Funds ownership: 42.93% → 39.11% (-3.8%)

6% less capital invested

Capital invested by funds: $347M → $327M (-$19.4M)

8% less funds holding

Funds holding: 126 → 116 (-10)

38% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 26

Holders
116
Holders Change
-10
Holders Change %
-7.94%
% of All Funds
2.52%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
16
Increased
40
Reduced
32
Closed
26
Calls
$362K
Puts
$212K
Net Calls
+$150K
Net Calls Change
+$323K

Top Buyers

1
ACM
Advisors Capital Management
New Jersey
+$5.56M
2
VEA
Virtus ETF Advisers
New York
+$3.58M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$3.11M
4
Millennium Management
Millennium Management
New York
+$1.38M
5
Invesco
Invesco
Georgia
+$1.25M

Top Sellers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$20M
2
Wells Fargo
Wells Fargo
California
-$4.72M
3
SC
Southside Capital
Florida
-$3.3M
4
SMDAM
Sumitomo Mitsui DS Asset Management
Japan
-$3.08M
5
KCM
Kennedy Capital Management
Missouri
-$3.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
1
Burgundy Asset Management
Ontario, Canada
$35M -$354K -24,486 -1%
Wells Fargo
2
Wells Fargo
California
$30.2M -$4.72M -326,820 -13%
B
3
Barings
North Carolina
$22.8M – – –
Arrowstreet Capital
4
Arrowstreet Capital
Massachusetts
$14.5M +$3.11M +215,273 +27%
VNIM
5
Vaughan Nelson Investment Management
Texas
$13.9M -$1.15M -79,850 -8%
CIM
6
Confluence Investment Management
Missouri
$12M -$242K -16,746 -2%
ClearBridge Investments
7
ClearBridge Investments
New York
$11.7M -$15.9K -1,100 -0.1%
UBS Group
8
UBS Group
Switzerland
$10.6M -$398K -27,509 -4%
MC
9
Muzinich & Co
New York
$10.3M -$675K -46,732 -6%
C
10
Cliffwater
California
$9.11M +$694K +48,018 +8%
KCM
11
Kennedy Capital Management
Missouri
$8.64M -$3.03M -209,792 -26%
LSV Asset Management
12
LSV Asset Management
Illinois
$8.34M +$249K +17,200 +3%
CFG
13
CNO Financial Group
Indiana
$7.35M -$2.17M -150,000 -23%
Neuberger Berman Group
14
Neuberger Berman Group
New York
$7.07M +$192K +13,295 +3%
VanEck Associates
15
VanEck Associates
New York
$6.99M +$291K +20,120 +4%
GC
16
Guggenheim Capital
Illinois
$5.67M +$379K +26,254 +7%
ACM
17
Advisors Capital Management
New Jersey
$5.48M +$5.56M +384,643 New
Bank of America
18
Bank of America
North Carolina
$5.42M -$751K -51,988 -12%
Two Sigma Investments
19
Two Sigma Investments
New York
$5.31M +$1.16M +80,333 +27%
Two Sigma Advisers
20
Two Sigma Advisers
New York
$4.45M -$452K -31,300 -9%
Bank of Montreal
21
Bank of Montreal
Ontario, Canada
$4.4M – – –
Legal & General Group
22
Legal & General Group
United Kingdom
$4.16M – – –
RJA
23
Raymond James & Associates
Florida
$3.87M -$92K -6,369 -2%
DADC
24
D.A. Davidson & Co
Montana
$3.83M +$169K +11,710 +5%
PAIM
25
Punch & Associates Investment Management
Minnesota
$3.8M +$23.9K +1,653 +0.6%
1
2 3 4 5

TCPC Hedge Fund Activity: Q2 2019 in Review

116 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2019, worth a combined $327M — down 5.6% from $347M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of TCPC and 16 opened new positions — a net loss of 10 holders — while 32 trimmed existing stakes and 40 added.

The largest buyer was Advisors Capital Management, opening a new position worth an estimated $5.56M. The largest seller was Acadian Asset Management, exiting entirely with an estimated $20M sold.

  • 116 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2019, down from 126 in Q1 2019.
  • Funds reported $327M of BlackRock TCP Capital stock for Q2 2019, down 5.6% quarter-over-quarter.
  • 16 funds opened new BlackRock TCP Capital positions in Q2 2019 and 26 closed out, a net change of -10 holders.
  • The largest BlackRock TCP Capital buyer in Q2 2019 was Advisors Capital Management, an estimated $5.56M added.
  • The largest BlackRock TCP Capital seller in Q2 2019 was Acadian Asset Management, an estimated $20M sold.

Based on aggregated 13F filings for Q2 2019.