BlackRock TCP Capital
TCPC
117 hedge funds and large institutions have $142M invested in BlackRock TCP Capital in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 21 closing their positions.
138% more call options, than puts
Call options by funds: $508K | Put options by funds: $213K
24% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 33
2.41% less ownership
Funds ownership: 26.32% → 23.91% (-2.4%)
7% less funds holding
Funds holding: 126 → 117 (-9)
28% less capital invested
Capital invested by funds: $197M → $142M (-$54.9M)
29% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 21
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.43M |
| 2 |
Cerity Partners
New York
|
+$1.34M |
| 3 |
OC
Oppenheimer & Co
New York
|
+$811K |
| 4 |
PFMU
Privium Fund Management (UK)
London,
United Kingdom
|
+$799K |
| 5 |
VanEck Associates
New York
|
+$658K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
C
Cliffwater
Marina Del Rey,
California
|
-$4.74M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.8M |
| 3 |
Millennium Management
New York
|
-$2.68M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$2.06M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.61M |
TCPC Hedge Fund Activity: Q1 2023 in Review
117 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock TCP Capital (TCPC) for Q1 2023, worth a combined $142M — down 28% from $197M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of TCPC and 15 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 41 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $1.43M. The largest seller was Cliffwater, cutting an estimated $4.74M.
- 117 institutional investors held BlackRock TCP Capital (TCPC) as of Q1 2023, down from 126 in Q4 2022.
- Funds reported $142M of BlackRock TCP Capital stock for Q1 2023, down 28% quarter-over-quarter.
- 15 funds opened new BlackRock TCP Capital positions in Q1 2023 and 21 closed out, a net change of -6 holders.
- The largest BlackRock TCP Capital buyer in Q1 2023 was Credit Suisse, an estimated $1.43M added.
- The largest BlackRock TCP Capital seller in Q1 2023 was Cliffwater, an estimated $4.74M sold.
Based on aggregated 13F filings for Q1 2023.