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BlackRock TCP Capital
TCPC

119 hedge funds and large institutions have $113M invested in BlackRock TCP Capital in 2020 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 33 increasing their positions, 35 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 24

4% more funds holding

Funds holding: 114 → 119 (+5)

0.42% less ownership

Funds ownership: 31.37% → 30.94% (-0.42%)

6% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 35

56% less capital invested

Capital invested by funds: $259M → $113M (-$146M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $6K

Holders
119
Holders Change
+5
Holders Change %
+4.39%
% of All Funds
2.62%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
32
Increased
33
Reduced
35
Closed
24
Calls
–
Puts
$6K
Net Calls
-$6K
Net Calls Change
-$9K

Top Buyers

1
B
Barings
North Carolina
+$19.9M
2
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$5.36M
3
BAM
Belpointe Asset Management
Nevada
+$3.59M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$2.68M
5
RCM
Rivernorth Capital Management
Florida
+$2.08M

Top Sellers

1
BAM
Burgundy Asset Management
Ontario, Canada
-$16.9M
2
UBS Group
UBS Group
Switzerland
-$4.56M
3
PAIM
Punch & Associates Investment Management
Minnesota
-$4.25M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$4.16M
5
Neuberger Berman Group
Neuberger Berman Group
New York
-$3.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
B
1
Barings
North Carolina
$10M +$19.9M +1,603,372 New
SOMRS
2
State of Michigan Retirement System
Michigan
$9.68M – – –
C
3
Cliffwater
California
$5.67M +$1.57M +126,703 +16%
Arrowstreet Capital
4
Arrowstreet Capital
Massachusetts
$5.35M -$4.16M -335,028 -28%
Invesco
5
Invesco
Georgia
$4.58M -$301K -24,231 -3%
VanEck Associates
6
VanEck Associates
New York
$4.23M +$334K +26,936 +4%
CIM
7
Confluence Investment Management
Missouri
$3.57M -$3.33M -268,242 -32%
Two Sigma Advisers
8
Two Sigma Advisers
New York
$3.52M +$2.01M +162,400 +41%
ACM
9
Advisors Capital Management
New Jersey
$2.82M +$272K +21,894 +5%
Bank of America
10
Bank of America
North Carolina
$2.73M +$289K +23,302 +6%
MC
11
Muzinich & Co
New York
$2.72M -$344K -27,767 -6%
Sumitomo Mitsui Trust Group
12
Sumitomo Mitsui Trust Group
Japan
$2.7M +$5.36M +432,097 New
KCM
13
Kennedy Capital Management
Missouri
$2.7M -$306K -24,688 -5%
Two Sigma Investments
14
Two Sigma Investments
New York
$2.52M -$803K -64,720 -14%
GC
15
Guggenheim Capital
Illinois
$2.37M +$87K +7,009 +2%
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$2.37M +$2.68M +216,390 +133%
FWIA
17
Fort Washington Investment Advisors
Ohio
$2.25M +$1.05M +84,879 +31%
Legal & General Group
18
Legal & General Group
United Kingdom
$2.06M +$223K +17,937 +6%
BlackRock
19
BlackRock
New York
$2.04M +$180K +14,479 +5%
LSV Asset Management
20
LSV Asset Management
Illinois
$2.02M -$1.44M -116,300 -26%
Wells Fargo
21
Wells Fargo
California
$1.93M -$3.12M -251,771 -45%
DADC
22
D.A. Davidson & Co
Montana
$1.84M +$131K +10,588 +4%
UBS Group
23
UBS Group
Switzerland
$1.83M -$4.56M -367,185 -56%
BAM
24
Belpointe Asset Management
Nevada
$1.81M +$3.59M +289,455 New
Bank of Montreal
25
Bank of Montreal
Ontario, Canada
$1.66M +$112 +9 +0%
1
2 3 4 5

TCPC Hedge Fund Activity: Q1 2020 in Review

119 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2020, worth a combined $113M — down 56% from $259M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new TCPC positions and 24 closed out — a net gain of 8 holders — while 33 added to existing stakes and 35 trimmed.

The largest buyer was Barings, opening a new position worth an estimated $19.9M. The largest seller was Burgundy Asset Management, exiting entirely with an estimated $16.9M sold.

  • 119 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2020, up from 114 in Q4 2019.
  • Funds reported $113M of BlackRock TCP Capital stock for Q1 2020, down 56% quarter-over-quarter.
  • 32 funds opened new BlackRock TCP Capital positions in Q1 2020 and 24 closed out, a net change of +8 holders.
  • The largest BlackRock TCP Capital buyer in Q1 2020 was Barings, an estimated $19.9M added.
  • The largest BlackRock TCP Capital seller in Q1 2020 was Burgundy Asset Management, an estimated $16.9M sold.

Based on aggregated 13F filings for Q1 2020.