BlackRock TCP Capital
TCPC
114 hedge funds and large institutions have $315M invested in BlackRock TCP Capital in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 18 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 28
0.38% more ownership
Funds ownership: 39.11% → 39.49% (+0.38%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less capital invested
Capital invested by funds: $327M → $315M (-$12.9M)
2% less funds holding
Funds holding: 116 → 114 (-2)
11% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$22.8M |
| 2 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$21M |
| 3 |
Two Sigma Advisers
New York
|
+$2.34M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.2M |
| 5 |
Two Sigma Investments
New York
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$13.9M |
| 2 |
ClearBridge Investments
New York
|
-$11.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$10.2M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$3.46M |
| 5 |
Millennium Management
New York
|
-$2.98M |
TCPC Hedge Fund Activity: Q3 2019 in Review
114 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q3 2019, worth a combined $315M — down 3.9% from $327M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of TCPC and 16 opened new positions — a net loss of 2 holders — while 28 trimmed existing stakes and 43 added.
The largest buyer was Acadian Asset Management, opening a new position worth an estimated $22.8M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $13.9M sold.
- 114 institutional investors held BlackRock TCP Capital (TCPC) as of Q3 2019, down from 116 in Q2 2019.
- Funds reported $315M of BlackRock TCP Capital stock for Q3 2019, down 3.9% quarter-over-quarter.
- 16 funds opened new BlackRock TCP Capital positions in Q3 2019 and 18 closed out, a net change of -2 holders.
- The largest BlackRock TCP Capital buyer in Q3 2019 was Acadian Asset Management, an estimated $22.8M added.
- The largest BlackRock TCP Capital seller in Q3 2019 was Vaughan Nelson Investment Management, an estimated $13.9M sold.
Based on aggregated 13F filings for Q3 2019.