BlackRock TCP Capital
TCPC
102 hedge funds and large institutions have $215M invested in BlackRock TCP Capital in 2021 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 40 increasing their positions, 32 reducing their positions, and 19 closing their positions.
363% more call options, than puts
Call options by funds: $2.09M | Put options by funds: $451K
25% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 32
3.65% less ownership
Funds ownership: 30.62% → 26.97% (-3.7%)
9% less funds holding
Funds holding: 112 → 102 (-10)
12% less capital invested
Capital invested by funds: $245M → $215M (-$29.4M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
53% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.23M |
| 2 |
D.E. Shaw & Co
New York
|
+$894K |
| 3 |
Morgan Stanley
New York
|
+$799K |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$549K |
| 5 |
Rockefeller Capital Management
New York
|
+$513K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
C
Cliffwater
Marina Del Rey,
California
|
-$7.28M |
| 2 |
CFG
CNO Financial Group
Carmel,
Indiana
|
-$7.13M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.43M |
| 4 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
-$3.3M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.07M |
TCPC Hedge Fund Activity: Q2 2021 in Review
102 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q2 2021, worth a combined $215M — down 12% from $245M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of TCPC and 9 opened new positions — a net loss of 10 holders — while 32 trimmed existing stakes and 40 added.
The largest buyer was Arrowstreet Capital, adding an estimated $1.23M. The largest seller was Cliffwater, cutting an estimated $7.28M.
- 102 institutional investors held BlackRock TCP Capital (TCPC) as of Q2 2021, down from 112 in Q1 2021.
- Funds reported $215M of BlackRock TCP Capital stock for Q2 2021, down 12% quarter-over-quarter.
- 9 funds opened new BlackRock TCP Capital positions in Q2 2021 and 19 closed out, a net change of -10 holders.
- The largest BlackRock TCP Capital buyer in Q2 2021 was Arrowstreet Capital, an estimated $1.23M added.
- The largest BlackRock TCP Capital seller in Q2 2021 was Cliffwater, an estimated $7.28M sold.
Based on aggregated 13F filings for Q2 2021.