BlackRock TCP Capital
TCPC
114 hedge funds and large institutions have $259M invested in BlackRock TCP Capital in 2019 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 40 increasing their positions, 31 reducing their positions, and 13 closing their positions.
300% more call options, than puts
Call options by funds: $4K | Put options by funds: $1K
29% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 31
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
0% more funds holding
Funds holding: 114 → 114 (0)
8.12% less ownership
Funds ownership: 39.49% → 31.37% (-8.1%)
18% less capital invested
Capital invested by funds: $315M → $259M (-$55.4M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$7.84M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.5M |
| 3 |
Rockefeller Capital Management
New York
|
+$2.71M |
| 4 |
Morgan Stanley
New York
|
+$2.26M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$22.4M |
| 2 |
B
Barings
Charlotte,
North Carolina
|
-$21.7M |
| 3 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$17.8M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$11.5M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$4.32M |
TCPC Hedge Fund Activity: Q4 2019 in Review
114 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q4 2019, worth a combined $259M — down 18% from $315M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TCPC positions and 13 closed out — a net gain of 1 holder — while 40 added to existing stakes and 31 trimmed.
The largest buyer was Invesco, adding an estimated $7.84M. The largest seller was Acadian Asset Management, exiting entirely with an estimated $22.4M sold.
- 114 institutional investors held BlackRock TCP Capital (TCPC) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $259M of BlackRock TCP Capital stock for Q4 2019, down 18% quarter-over-quarter.
- 14 funds opened new BlackRock TCP Capital positions in Q4 2019 and 13 closed out, a net change of +1 holder.
- The largest BlackRock TCP Capital buyer in Q4 2019 was Invesco, an estimated $7.84M added.
- The largest BlackRock TCP Capital seller in Q4 2019 was Acadian Asset Management, an estimated $22.4M sold.
Based on aggregated 13F filings for Q4 2019.