Who owns BlackRock TCP Capital Corp. (TCPC)
Which tracked institutional funds hold TCPC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TCPC company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on TCPC is one-sided between 2025-Q4 and 2026-Q1: 5 added or opened and 25 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
TCPC’s largest tracked holder by dollar value, Next Capital Management LLC, sizes it at 3.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TCPC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 119 tracked filers holding TCPC, 55 increased or opened the position and 68 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in TCPC between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 5
- VICTORY CAPITAL MANAGEMENT INC$3M
- ARES MANAGEMENT LLC$2M
- Callodine Capital Management, LP$1M
- FRANKLIN RESOURCES INC$1M
- GatePass Capital, LLC$1M
Full exits 3
- TWO SIGMA ADVISERS, LP$5M
- Alpine Global Management, LLC$2M
- Hennion & Walsh Asset Management, Inc.$539K
Largest trims
- VAN ECK ASSOCIATES CORP$6M
- Invesco Ltd.$4M
- TWO SIGMA INVESTMENTS, LP$4M
- Next Capital Management LLC$4M
- TRANSCEND CAPITAL ADVISORS, LLC$2M
- BlackRock, Inc.$2M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Next Capital Management LLC added | 3,049,547 | $11M | 10.7% | 2026-Q1 |
| Invesco Ltd. | 2,375,549 | $9M | 8.4% | 2026-Q1 |
| UBS Group AG added | 2,208,727 | $8M | 7.8% | 2026-Q1 |
| TRANSCEND CAPITAL ADVISORS, LLC added | 1,296,553 | $5M | 4.6% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 1,266,847 | $5M | 4.5% | 2026-Q1 |
| North Ground Capital added | 850,000 | $3M | 3.0% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 838,423 | $3M | 3.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 759,722 | $3M | 2.7% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 690,950 | $2M | 2.4% | 2026-Q1 |
| Legal & General Group Plc added | 665,664 | $2M | 2.4% | 2026-Q1 |
| BARINGS LLC added | 564,991 | $2M | 2.0% | 2026-Q1 |
| ARES MANAGEMENT LLC added | 544,969 | $2M | 1.9% | 2026-Q1 |
| BlackRock, Inc. trimmed | 453,399 | $2M | 1.6% | 2026-Q1 |
| BI Asset Management Fondsmaeglerselskab A/S | 452,874 | $2M | 1.6% | 2026-Q1 |
| LSV ASSET MANAGEMENT | 410,100 | $1M | 1.4% | 2026-Q1 |
| Callodine Capital Management, LP new | 377,726 | $1M | 1.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC new | 357,886 | $1M | 1.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. | 279,505 | $1M | 1.0% | 2026-Q1 |
| Muzinich & Co., Inc. | 279,505 | $1M | 1.0% | 2026-Q1 |
| GatePass Capital, LLC new | 277,220 | $1M | 1.0% | 2026-Q1 |
| Virtus Investment Advisers, LLC added | 247,315 | $893K | 0.9% | 2026-Q1 |
| LOOMIS SAYLES & CO L P | 245,000 | $884K | 0.9% | 2026-Q1 |
| Squarepoint Ops LLC added | 144,580 | $522K | 0.5% | 2026-Q1 |
| Ethos Financial Group, LLC | 90,521 | $495K | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 120,792 | $436K | 0.4% | 2026-Q1 |
| LPL Financial LLC trimmed | 113,972 | $411K | 0.4% | 2026-Q1 |
| Sunbelt Securities, Inc. added | 101,969 | $368K | 0.4% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 92,515 | $337K | 0.3% | 2026-Q1 |
| United Advisor Group, LLC trimmed | 89,527 | $323K | 0.3% | 2026-Q1 |
| Engineers Gate Manager LP new | 85,367 | $308K | 0.3% | 2026-Q1 |
| Curi Capital, LLC | 85,000 | $307K | 0.3% | 2026-Q1 |
| Almitas Capital LLC | 85,000 | $307K | 0.3% | 2026-Q1 |
| ROMANO BROTHERS AND COMPANY added | 80,645 | $291K | 0.3% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 76,429 | $276K | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 66,796 | $241K | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 66,631 | $241K | 0.2% | 2026-Q1 |
| D.A. DAVIDSON & CO. trimmed | 65,877 | $238K | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 65,855 | $238K | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 61,654 | $223K | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 58,505 | $211K | 0.2% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. trimmed | 54,528 | $197K | 0.2% | 2026-Q1 |
| Arkadios Wealth Advisors trimmed | 53,947 | $195K | 0.2% | 2026-Q1 |
| Jump Financial, LLC added | 53,100 | $192K | 0.2% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 51,900 | $187K | 0.2% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC | 47,658 | $172K | 0.2% | 2026-Q1 |
| TWO SIGMA SECURITIES, LLC added | 47,307 | $171K | 0.2% | 2026-Q1 |
| Aquatic Capital Management LLC trimmed | 43,365 | $157K | 0.2% | 2026-Q1 |
| Quantbot Technologies LP trimmed | 41,887 | $151K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 40,558 | $146K | 0.1% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 40,096 | $145K | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 39,810 | $144K | 0.1% | 2026-Q1 |
| Curated Wealth Partners LLC | 38,587 | $139K | 0.1% | 2026-Q1 |
| Brevan Howard Capital Management LP added | 36,194 | $131K | 0.1% | 2026-Q1 |
| Compound Planning, Inc. added | 28,267 | $102K | 0.1% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 27,840 | $101K | 0.1% | 2026-Q1 |
| TWO SIGMA ADVISERS, LP trimmed | 959,602 | $5M | 5.1% | 2025-Q4 stale |
| Columbus Macro, LLC added | 516,303 | $4M | 4.0% | 2025-Q1 stale |
| GraniteShares Advisors LLC added | 350,722 | $2M | 2.1% | 2025-Q3 stale |
| Alpine Global Management, LLC added | 376,816 | $2M | 2.0% | 2025-Q4 stale |
| WEALTHEDGE INVESTMENT ADVISORS, LLC new | 133,023 | $1M | 1.0% | 2025-Q1 stale |
| NEW ENGLAND ASSET MANAGEMENT INC | 170,034 | $1M | 1.0% | 2025-Q3 stale |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 131,304 | $1M | 1.0% | 2025-Q2 stale |
| Privium Fund Management (UK) Ltd added | 136,210 | $834K | 0.8% | 2025-Q3 stale |
| Redhawk Wealth Advisors, Inc. new | 106,720 | $822K | 0.8% | 2025-Q2 stale |
| Alberta Investment Management Corp | 95,000 | $761K | 0.7% | 2025-Q1 stale |
| Hennion & Walsh Asset Management, Inc. trimmed | 98,502 | $539K | 0.5% | 2025-Q4 stale |
| Kovitz Investment Group Partners, LLC trimmed | 78,979 | $490K | 0.5% | 2025-Q3 stale |
| JANE STREET GROUP, LLC added | 87,157 | $477K | 0.5% | 2025-Q4 stale |
| Quadrature Capital Ltd added | 84,679 | $463K | 0.5% | 2025-Q4 stale |
| J.W. COLE ADVISORS, INC. trimmed | 71,200 | $441K | 0.4% | 2025-Q3 stale |
| Samalin Investment Counsel, LLC added | 68,357 | $424K | 0.4% | 2025-Q3 stale |
| Gotham Asset Management, LLC new | 71,228 | $390K | 0.4% | 2025-Q4 stale |
| Advisors Asset Management, Inc. added | 58,495 | $363K | 0.4% | 2025-Q3 stale |
| Y-Intercept (Hong Kong) Ltd added | 55,468 | $344K | 0.3% | 2025-Q3 stale |
| Access Investment Management LLC | 54,300 | $337K | 0.3% | 2025-Q4 stale |
| CAXTON ASSOCIATES LLP | 60,779 | $332K | 0.3% | 2025-Q4 stale |
| PharVision Advisers, LLC new | 59,177 | $324K | 0.3% | 2025-Q4 stale |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV trimmed | 49,768 | $309K | 0.3% | 2025-Q3 stale |
| OMERS ADMINISTRATION Corp trimmed | 32,000 | $256K | 0.2% | 2025-Q1 stale |
| Virtu Financial LLC added | 46,229 | $253K | 0.2% | 2025-Q4 stale |
| Kestra Advisory Services, LLC trimmed | 41,087 | $225K | 0.2% | 2025-Q4 stale |
| NORTHERN TRUST CORP trimmed | 37,590 | $206K | 0.2% | 2025-Q4 stale |
| ExodusPoint Capital Management, LP added | 23,200 | $186K | 0.2% | 2025-Q1 stale |
| Schonfeld Strategic Advisors LLC trimmed | 22,222 | $178K | 0.2% | 2025-Q1 stale |
| Verition Fund Management LLC new | 27,353 | $170K | 0.2% | 2025-Q3 stale |
| Centiva Capital, LP added | 25,086 | $156K | 0.2% | 2025-Q3 stale |
| Verdence Capital Advisors LLC added | 18,600 | $149K | 0.1% | 2025-Q1 stale |
| CAPTRUST FINANCIAL ADVISORS trimmed | 23,418 | $145K | 0.1% | 2025-Q3 stale |
| Dynamic Technology Lab Private Ltd trimmed | 26,406 | $144K | 0.1% | 2025-Q4 stale |
| JPMORGAN CHASE & CO added | 24,435 | $134K | 0.1% | 2025-Q4 stale |
| NEUBERGER BERMAN GROUP LLC | 21,200 | $131K | 0.1% | 2025-Q3 stale |
| Disciplined Investments, LLC | 20,000 | $124K | 0.1% | 2025-Q3 stale |
| WOLVERINE TRADING, LLC new | 18,780 | $115K | 0.1% | 2025-Q3 stale |
| MARSHALL WACE, LLP trimmed | 20,433 | $112K | 0.1% | 2025-Q4 stale |
| BARTLETT & CO. WEALTH MANAGEMENT LLC | 19,300 | $106K | 0.1% | 2025-Q4 stale |
| MQS Management LLC added | 16,920 | $105K | 0.1% | 2025-Q3 stale |
| Lakeridge Wealth Management LLC | 13,024 | $104K | 0.1% | 2025-Q1 stale |
| &PARTNERS trimmed | 16,686 | $103K | 0.1% | 2025-Q3 stale |
| STIFEL FINANCIAL CORP trimmed | 18,614 | $102K | 0.1% | 2025-Q4 stale |
| FINANCIAL COUNSELORS INC | 12,500 | $100K | 0.1% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.