BlackRock ESG Capital Allocation Term Trust

ECAT • NYSE

BlackRock ESG Capital Allocation Term Trust is a publicly traded company on NYSE. As of Q3 2025, 60 institutional investors hold shares in this company, with total holdings valued at $609.5M. Saba Capital Management, L.P. is the largest holder with a position valued at $455.9M.

Websiteblackrock.com

Overview

Overview of institutional ownership in ECAT as of Q3 2025

All Institutions

Institutions: 60
Value Held: $609.5M
Shares Held: 37.2M
Avg Position: $10.2M
Median Position: $496.9K

Hedge Funds

Hedge Funds: 2
Value Held: $456.6M
Shares Held: 27.8M
Avg Position: $228.3M
Median Position: $228.3M

Biggest Investors

Institutions with the largest positions in ECAT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
S Saba Capital Management, L.P. Hedge Fund•Multi-Strategy	Boaz Ronald Weinstein Founder	$455.9M 15.37% of portfolio	0.00% 27.8M shares	Q4 2022 Held for 2y 11m	$3.0B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$38.0M 0.00% of portfolio	0.00% 2.3M shares	Q4 2022 Held for 2y 11m	$1.65T
B BlackRock, Inc. Institution	-	$20.1M 0.00% of portfolio	0.00% 1.2M shares	Q2 2025 Held for 5 months	$5.67T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$17.6M 0.00% of portfolio	0.00% 1.1M shares	Q4 2022 Held for 2y 11m	$633.08B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$12.8M 0.00% of portfolio	0.00% 778.8K shares	Q4 2022 Held for 2y 11m	$1.33T
Advisors Asset Management, Inc. ETF Provider	Scott Irvin Colyer CEO	$8.8M 0.15% of portfolio	0.00% 535.1K shares	Q4 2022 Held for 2y 11m	$5.9B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$8.5M 0.00% of portfolio	0.00% 516.1K shares	Q1 2023 Held for 2y 8m	$433.11B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$7.7M 0.00% of portfolio	0.00% 472.5K shares	Q4 2022 Held for 2y 11m	$488.50B
UBS Group AG Institution	Sergio P. Ermotti CEO	$5.5M 0.00% of portfolio	0.00% 334.4K shares	Q4 2022 Held for 2y 11m	$511.54B
A Advisor Group Holdings, Inc. Institution	-	$3.7M 0.01% of portfolio	0.00% 227.6K shares	Q1 2023 Held for 2y 8m	$71.0B

Net Capital Flow

Institutional buying and selling activity for ECAT in Q3 2025

Traded: −$24.4M
Buyers: 36
Sellers: 29
Total Bought: +$9.2M
Total Sold: −$33.6M
Avg Position: $7.6M

Biggest Buyers

Institution	Net Bought	Current Position
B BBK Capital Partners, LLC ETF Provider	+$1.4M +84.5K shares	$3.6M 226.2K shares
WELLS FARGO & COMPANY/MN Institution	+$1.1M +65.9K shares	$7.7M 472.5K shares
AMERIPRISE FINANCIAL INC Institution	+$1.1M +64.1K shares	$8.5M 516.1K shares
J JANE STREET GROUP, LLC Institution	+$766.2K +46.7K shares	$1.6M 98.7K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$745.5K +45.5K shares	$745.5K 45.5K shares
BANK OF AMERICA CORP /DE/ Institution	+$645.4K +39.4K shares	$12.8M 778.8K shares
B Beckerman Institutional, LLC Institution	+$603.8K +-2.1K shares	$603.8K 36.8K shares
Advisors Asset Management, Inc. ETF Provider	+$532.0K +32.4K shares	$8.8M 535.1K shares
L LPL Financial LLC Institution	+$506.8K +30.9K shares	$2.4M 144.3K shares
Cetera Investment Advisers RIA/Wealth	+$448.5K +27.3K shares	$795.8K 48.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
S Saba Capital Management, L.P. Hedge Fund•Multi-Strategy	−$13.2M −804.3K shares	$455.9M 27.8M shares
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$7.8M −487.5K shares	Sold Off 0 shares
UBS Group AG Institution	−$3.0M −183.3K shares	$5.5M 334.4K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	−$2.7M −165.2K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$2.3M −141.6K shares	$38.0M 2.3M shares
OPPENHEIMER & CO INC RIA/Wealth	−$1.4M −84.0K shares	$3.5M 213.0K shares
Shaker Financial Services, LLC RIA/Wealth	−$614.6K −38.3K shares	Sold Off 0 shares
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	−$487.6K −30.4K shares	Sold Off 0 shares
Fountainhead AM, LLC RIA/Wealth	−$254.5K −15.9K shares	Sold Off 0 shares
HighTower Advisors, LLC RIA/Wealth	−$250.2K −15.6K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ECAT in Q3 2025

New Positions: 10
New Value: $1.2M
Exited Positions: 20
Exited Value: $13.2M

New Positions

Institution	Position Value
B Beckerman Institutional, LLC Institution	$603.8K 36.8K shares
C Colony Group, LLC Institution	$265.1K 16.2K shares
Pensionmark Financial Group, LLC Pension/Endowment	$217.2K 13.2K shares
Triumph Capital Management RIA/Wealth	$61.5K 3.8K shares
Union Bankshares Corp Institution	$20.4K 1.2K shares
SRS Capital Advisors, Inc. RIA/Wealth	$17.6K 1.1K shares
HIGHLINE WEALTH PARTNERS LLC RIA/Wealth	$6.6K 400.0 shares
Parallel Advisors, LLC RIA/Wealth	$4.9K 300.0 shares
Pacifica Partners Inc. RIA/Wealth	$2.6K 157.0 shares
SIT INVESTMENT ASSOCIATES INC Long Only Manager	- - shares

Exited Positions

Institution	Previous Position
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$7.8M 487.5K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$2.7M 165.2K shares
Shaker Financial Services, LLC RIA/Wealth	$614.6K 38.3K shares
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	$487.6K 30.4K shares
Fountainhead AM, LLC RIA/Wealth	$254.5K 15.9K shares
HighTower Advisors, LLC RIA/Wealth	$250.2K 15.6K shares
Private Advisor Group, LLC RIA/Wealth	$202.2K 12.6K shares
CALTON & ASSOCIATES, INC. RIA/Wealth	$201.4K 12.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$168.8K 10.5K shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	$160.6K 10.0K shares

Options Activity

Institutions with the largest Call and Put options positions in ECAT as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with ECAT as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Saba Capital Management, L.P. Hedge Fund•Multi-Strategy	Boaz Ronald Weinstein Founder	15.37% $455.9M	0.00% 27.8M shares	Q4 2022 Held for 2y 11m	$3.0B
B BBK Capital Partners, LLC ETF Provider	William Bush Brown CEO	0.57% $3.6M	0.00% 226.2K shares	Q1 2025 Held for 8 months	$632.9M
WINEBRENNER CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Earl George Winebrenner Managing Partner	0.46% $639.6K	0.00% 39.0K shares	Q4 2024 Held for 11 months	$137.9M
B Beckerman Institutional, LLC Institution	-	0.36% $603.8K	0.00% 36.8K shares	Q3 2025 Held for 2 months	$169.2M
D DYMON ASIA CAPITAL PTE. LTD. Institution	-	0.27% $685.1K	0.00% 41.8K shares	Q2 2025 Held for 5 months	$249.8M
Golden State Equity Partners RIA/Wealth	John Emile Nahas Managing Partner	0.17% $992.9K	0.00% 60.5K shares	Q2 2025 Held for 5 months	$590.2M
Advisors Asset Management, Inc. ETF Provider	Scott Irvin Colyer CEO	0.15% $8.8M	0.00% 535.1K shares	Q4 2022 Held for 2y 11m	$5.9B
FLAGSHIP HARBOR ADVISORS, LLC RIA/Wealth	David Jay Kaufman CEO	0.07% $1.5M	0.00% 94.4K shares	Q4 2022 Held for 2y 11m	$2.3B
A Americana Partners, LLC RIA/Wealth	Jason Lawrence Fertitta CEO	0.06% $2.0M	0.00% 120.3K shares	Q2 2023 Held for 2y 5m	$3.3B
SeaCrest Wealth Management, LLC RIA/Wealth	Mark Steven Fogel CEO	0.05% $509.7K	0.00% 30.6K shares	Q1 2025 Held for 8 months	$938.8M

Hedge Fund Spotlight

Discover hedge funds investing in ECAT

Saba Capital Management, L.P.

Hedge Fund • Multi-Strategy

Portfolio ManagerBoaz Ronald Weinstein

Portfolio Value: $3.0B
Positions: 244
Last Reported: Q3 2025

Sector Allocation

Position in BlackRock ESG Capital Allocation Term Trust

Market Value: $455.9M
Shares Held: 27.8M
Portfolio Weight: 15.37%
Owned Since: 2022-Q4

Top Holding	Sector	Market Value	Weight
1 ECAT BlackRock ESG Capital Allocation Term Trust ECAT	Unknown Unknown	$455.9M	15.37%
2 ASA Gold and Precious Metals ASA	Unknown Unknown	$213.3M	7.19%
3 PIMCO Dynamic Income Strategy Fund PDX	Unknown Unknown	$186.7M	6.30%

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