Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Blackrock Tcp Capital Corp (TCPC)

119 + Investors. Track Smart Money conviction in TCPC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
2Q ▼
Buyers last Q
46%

Smart Money Signals — TCPC

Based on 120 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their TCPC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 81% of 3.0Y peak

81% of all-time peak
120 funds currently hold this stock — 81% of the 3.0-year high of 148 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 15% fewer funds vs a year ago

fund count last 6Q
21 fewer hedge funds hold TCPC compared to a year ago (-15% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

58 buying67 selling
Last quarter: 67 funds reduced or exited vs 58 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~29 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 21 → 30 → 25 → 29. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

48% of holders stayed for 2+ years

■ 48% conviction (2yr+) ■ 29% medium ■ 23% new
57 out of 120 hedge funds have held TCPC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +5%, value -36%

Value
-36%
Shares
+5%
Last quarter: funds added +5% more shares while total portfolio value only changed -36%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~29 new funds/quarter

21 → 21 → 30 → 25 → 29 new funds/Q
New funds entering each quarter: 21 → 30 → 25 → 29. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 55% veterans vs 27% newcomers

■ 55% veterans ■ 17% 1-2yr ■ 27% new
Entry-cohort mix of 121 holders: 67 (55%) are 2+ year veterans, 21 entered 1–2 years ago, and 33 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
23 of 118 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TCPC

In 2026 Q1, 58 hedge funds were net buyers of TCPC (29 opened a new position, 29 added to an existing one), while 67 reduced or exited (31 trimmed, 36 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 39% of total institutional value in TCPC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 120.

Hedge Fund Ownership: TCPC

How many hedge funds hold TCPC — quarterly history vs. share price
Quarterly hedge fund ownership of TCPC vs. share price

Market Analysis: TCPC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TCPC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Blackrock Tcp Capital Corp (TCPC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TCPC has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
TCPC
nan%
XLF
+9.5%

TCPC outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
TCPC
nan%
XLF
+5.8%

Since the filing became public, TCPC outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

8 top-rated funds 1 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: TCPC
119 + Investors

Track Smart Money conviction in TCPC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 119 127 -6.3%
13F Shares 22M 21M 5.06%
Total Value $74M $116M -36.25%
New Positions 28 25 +3
Increased Positions 28 29 -1
Closed Positions 36 39 -3
Reduced Positions 31 46 -15
Total Calls 0 1 -100.0%
Total Puts 2 1 100.0%
PUT/CALL Ratio 0.0 1.0 Bullish

Statistics: TCPC

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

119 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TCPC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TCPC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 North Ground Capital 3.70% 850,000 $3.1M
2 Next Capital Management LLC 3.33% 3,049,547 $11.0M
3 GatePass Capital, LLC 0.47% 277,220 $1.0M
4 Transcend Capital Advisors, LLC 0.37% 1,296,553 $4.7M
5 Muzinich & Co., Inc. 0.35% 279,505 $1.0M
6 Virtus Investment Advisers, LLC 0.25% 247,315 $893K
7 Closed-End Fund Advisors, Inc. 0.20% 54,528 $197K
8 Ares Management LLC 0.13% 544,969 $2.0M
9 Callodine Capital Management, LP 0.10% 377,726 $1.4M
10 Mallini Complete Financial Planning LLC 0.07% 24,647 $89K
11 Almitas Capital LLC 0.07% 85,000 $307K
12 Significant Wealth Partners LLC 0.05% 11,098 $40K
13 Eight 31 Financial, LLC 0.04% 19,807 $72K
14 United Advisor Group, LLC 0.04% 89,527 $323K
15 nVerses Capital, LLC 0.04% 11,638 $42K
16 Ethos Financial Group, LLC 0.04% 90,521 $495K
17 Romano Brothers and Company 0.03% 80,645 $291K
18 Barings LLC 0.03% 564,991 $2.0M
19 Sunbelt Securities, Inc. 0.02% 101,969 $368K
20 Aigen Investment Management, LP 0.02% 22,577 $82K
21 Two Sigma Securities, LLC 0.02% 47,307 $171K
22 Curated Wealth Partners LLC 0.02% 38,587 $139K
23 Accel Wealth Management 0.01% 12,000 $43K
24 WealthTrust Axiom LLC 0.01% 12,500 $45K
25 Two Sigma Advisers, LP 0.01% 959,602 $5.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Blackrock Tcp Capital Corp (TCPC)

What does the Smart Money Trend signal show for TCPC?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TCPC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TCPC?

More sellers than buyers — 46% buying: Last quarter: 67 funds reduced or exited vs 58 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TCPC holders?

Strong quality — 39% AUM from major funds: 23 of 118 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held TCPC?

48% of holders stayed for 2+ years: 57 out of 120 hedge funds have held TCPC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Blackrock Tcp Capital Corp (TCPC) following the 2026 Q1 hedge fund 13F filings?

As of today, TCPC has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), TCPC has gained nan% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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