BlackRock TCP Capital Corp.
TCPC • NASDAQ
BlackRock TCP Capital Corp. is a asset management company in the financial services sector on NASDAQ, led by Philip Tseng, with a market cap of $515.0M. As of Q3 2025, 25% of shares are held by 138 institutional investors, with Next Capital Management LLC as the largest holder at 2.82%.
Chair and Chief Executive OfficerPhilip Tseng
Market Cap$515.0M
Asset Management
Financial Services
Websitetcpcapital.com
Country
United States of America
Overview
Overview of institutional ownership in TCPC as of Q3 2025 with a market cap of $527.2M
All Institutions
- Institutions
- 138
- Value Held
- $130.7M
- Shares Held
- 21.1M
- Avg Position
- $946.9K
- Median Position
- $145.2K
Hedge Funds
- Hedge Funds
- 11
- Value Held
- $16.1M
- Shares Held
- 2.6M
- Avg Position
- $1.5M
- Median Position
- $169.6K
Ownership Breakdown
Based on market cap of $527.2M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in TCPC as of Q3 2025
| Institution | Position Value |
|---|---|
 Next Capital Management LLC RIA/Wealth | $14.9M 4.97% of portfolio |
 VAN ECK ASSOCIATES CORP ETF Provider | $14.2M 0.01% of portfolio |
 Invesco Ltd. ETF Provider | $12.1M 0.00% of portfolio |
 UBS Group AG Institution | $8.9M 0.00% of portfolio |
T TRANSCEND WEALTH COLLECTIVE, LLC RIA/Wealth | $7.6M 0.54% of portfolio |
 TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy | $6.2M 0.01% of portfolio |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | $5.4M 0.01% of portfolio |
 MORGAN STANLEY RIA/Wealth | $3.2M 0.00% of portfolio |
L LEGAL & GENERAL GROUP PLC Institution | $3.2M 0.00% of portfolio |
B BlackRock, Inc. Institution | $3.2M 0.00% of portfolio |
Net Capital Flow
Institutional buying and selling activity for TCPC in Q3 2025
- Traded
- +$15.2M
- Buyers
- 62
- Sellers
- 52
- Total Bought
- +$24.3M
- Total Sold
- −$9.1M
- Avg Position
- $832.3K
Biggest Buyers
| Institution | Net Bought |
|---|---|
Next Capital Management LLC RIA/Wealth | +$7.9M +1.3M shares |
Invesco Ltd. ETF Provider | +$3.2M +524.1K shares |
 CF Capital LLC Hedge Fund•Sector | +$3.1M +500.0K shares |
A Alpine Partners VI, LLC Institution | +$1.6M +265.0K shares |
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | +$1.0M +162.7K shares |
VAN ECK ASSOCIATES CORP ETF Provider | +$682.2K +110.0K shares |
 Ethos Financial Group, LLC RIA/Wealth | +$588.8K +95.0K shares |
 Sunbelt Securities, Inc. RIA/Wealth | +$492.7K +79.5K shares |
 Aquatic Capital Management LLC Hedge Fund•Quant | +$454.9K +73.4K shares |
R ROYAL BANK OF CANADA Institution | +$424.2K +68.4K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
MORGAN STANLEY RIA/Wealth | −$1.2M −189.5K shares |
 UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager | −$1.0M −131.3K shares |
 Redhawk Wealth Advisors, Inc. RIA/Wealth | −$821.7K −106.7K shares |
T TRANSCEND WEALTH COLLECTIVE, LLC RIA/Wealth | −$668.0K −107.7K shares |
 Hennion & Walsh Asset Management, Inc. RIA/Wealth | −$560.7K −90.4K shares |
 Change Path, LLC RIA/Wealth | −$533.2K −86.0K shares |
J J.W. COLE ADVISORS, INC. Institution | −$439.3K −70.8K shares |
D Dynamic Technology Lab Private Ltd Institution | −$373.0K −48.4K shares |
 BANK OF AMERICA CORP /DE/ Institution | −$361.1K −58.2K shares |
S STIFEL FINANCIAL CORP Long Only Manager | −$332.7K −53.7K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited TCPC in Q3 2025
- New Positions
- 8
- New Value
- $543.2K
- Exited Positions
- 19
- Exited Value
- $3.0M
New Positions
| Institution | Position Value |
|---|---|
 Verition Fund Management LLC Hedge Fund•Multi-Strategy | $169.6K 27.4K shares |
P Permanens Capital L.P. Institution | $132.7K 21.4K shares |
W WOLVERINE TRADING, LLC Institution | $114.9K 18.8K shares |
 Significant Wealth Partners LLC RIA/Wealth | $71.5K 11.5K shares |
S State of Alaska, Department of Revenue Institution | $25.2K 4.1K shares |
E EASTERN BANK Institution | $21.7K 3.5K shares |
 GoalVest Advisory LLC Private Equity | $3.8K 608.0 shares |
E ESL Trust Services, LLC Institution | $3.7K 600.0 shares |
Exited Positions
| Institution | Previous Position |
|---|---|
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager | $1.0M 131.3K shares |
Redhawk Wealth Advisors, Inc. RIA/Wealth | $821.7K 106.7K shares |
D Dynamic Technology Lab Private Ltd Institution | $373.0K 48.4K shares |
 HPM Partners LLC RIA/Wealth | $189.8K 24.6K shares |
X XTX Topco Ltd Institution | $165.8K 21.5K shares |
 VERUS CAPITAL PARTNERS, LLC RIA/Wealth | $98.2K 12.8K shares |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | $88.1K 11.4K shares |
 Creative Planning RIA/Wealth | $85.2K 11.1K shares |
 Transce3nd, LLC RIA/Wealth | $52.9K 6.9K shares |
 MeadowBrook Investment Advisors LLC RIA/Wealth | $51.8K 6.7K shares |
Options Activity
Institutions with the largest Call and Put options positions in TCPC as of Q3 2025
- Call Positions
- 2
- Call Value
- $171.7K
- Put Positions
- 2
- Put Value
- $272.7K
Call Positions
| Institution | Position Value |
|---|---|
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $171.7K 277.0 contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
W WOLVERINE TRADING, LLC Institution | $197.7K 323.0 contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $75.0K 121.0 contracts |
Most Committed Institutions
Institutions with TCPC as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Next Capital Management LLC RIA/Wealth | 4.97% $14.9M |
CF Capital LLC Hedge Fund•Sector | 1.96% $3.1M |
G GraniteShares Advisors LLC Institution | 1.26% $2.2M |
 Muzinich & Co., Inc. Long Only Manager | 0.68% $1.8M |
T TRANSCEND WEALTH COLLECTIVE, LLC RIA/Wealth | 0.54% $7.6M |
P Privium Fund Management Ltd Institution | 0.52% $833.6K |
A Alpine Partners VI, LLC Institution | 0.39% $1.6M |
V Virtus Investment Advisers, Inc. Institution | 0.35% $1.2M |
 Samalin Investment Counsel, LLC RIA/Wealth | 0.15% $423.8K |
 GENERAL RE NEW ENGLAND ASSET MANAGEMENT INC Insurance Manager | 0.14% $1.1M |
Hedge Fund Spotlight
Discover hedge funds investing in TCPC
AQR CAPITAL MANAGEMENT LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerDavid Gary Kabiller
- Portfolio Value
- $156.17B
- Positions
- 3,453
- Last Reported
- Q3 2025
Sector Allocation
Position in BlackRock TCP Capital Corp.
- Market Value
- $320.3K
- Shares Held
- 51.7K
- Portfolio Weight
- 0.00%
- Owned Since
- 2025-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Semiconductors Technology | $4.1B | 2.62% | |
Software - Infrastructure Technology | $3.2B | 2.05% | |
Consumer Electronics Technology | $2.8B | 1.76% |
