Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BLACKROCK TCP CAPITAL CORP (TCPC)

125 + 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
↓ -13
Streak
1Q ▼
Buyers last Q
39%

Smart Money Signals — TCPC

Based on 124 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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 — 85% of 3.0Y peak

85% of all-time peak
124 funds currently hold this stock — 85% of the 3.0-year high of 146 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
22 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.
🔴

Heavy selling pressure — only 39% buying

54 buying83 selling
Last quarter: 83 funds sold vs only 54 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~25 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 19 → 21 → 29 → 25. 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+) ■ 35% medium ■ 17% new
60 out of 124 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.
📈

Growing discovery — still being found

26 → 19 → 21 → 29 → 25 new funds/Q
New funds entering each quarter: 19 → 21 → 29 → 25. A growing number of institutions are discovering TCPC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 59% of holders stayed 2+ years

■ 59% veterans ■ 17% 1-2yr ■ 24% new
Of 125 current holders: 74 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
18 of 124 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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.

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.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: TCPC
2026 Q1 Stats Unlock in 11 days 125 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 125 139 -10.07%
13F Shares 21M 21M 0.19%
Total Value $116M $131M -11.57%
New Positions 25 30 -5
Increased Positions 31 35 -4
Closed Positions 39 19 +20
Reduced Positions 45 36 +9
Total Calls 1 1 -
Total Puts 1 2 -50.0%
PUT/CALL Ratio 1.0 2.0 Neutral

Statistics: TCPC

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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)

125 + investors

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

Top 25 institutional holders of TCPC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Next Capital Management LLC 3.33% 3,049,547 $11.0M
2 GatePass Capital, LLC 0.47% 277,220 $1.0M
3 Muzinich & Co., Inc. 0.35% 279,505 $1.0M
4 Mallini Complete Financial Planning LLC 0.07% 24,647 $89K
5 Significant Wealth Partners LLC 0.05% 11,098 $40K
6 United Advisor Group, LLC 0.04% 89,527 $323K
7 Ethos Financial Group, LLC 0.04% 90,521 $495K
8 ROMANO BROTHERS AND COMPANY 0.03% 80,645 $291K
9 BARINGS LLC 0.03% 564,991 $2.0M
10 Curated Wealth Partners LLC 0.02% 38,587 $139K
11 BI Asset Management Fondsmaeglerselskab A/S 0.02% 452,874 $2K
12 Accel Wealth Management 0.01% 12,000 $43K
13 Ignite Planners, LLC 0.01% 14,993 $54K
14 VSM Wealth Advisory, LLC 0.01% 6,996 $25K
15 MTM Investment Management, LLC 0.01% 5,976 $22K
16 INDEPENDENT FINANCIAL GROUP, LLC 0.01% 47,658 $172K
17 Burk Holdings LLC 0.00% 1,844 $7K
18 EQUITABLE TRUST CO 0.00% 13,756 $50K
19 Sowell Financial Services LLC 0.00% 16,929 $61K
20 Bogart Wealth, LLC 0.00% 11,812 $43K
21 D.A. DAVIDSON & CO. 0.00% 65,877 $238K
22 Legacy Wealth Managment, LLC/ID 0.00% 700 $3K
23 Wilmington Savings Fund Society, FSB 0.00% 14,000 $51K
24 UBS Group AG 0.00% 2,208,727 $8.0M
25 JOURNEY STRATEGIC WEALTH LLC 0.00% 10,826 $39K
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 — 1 quarter in a row: For 1 consecutive quarter, 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?

Heavy selling pressure — only 39% buying: Last quarter: 83 funds sold vs only 54 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for TCPC holders?

Strong quality — 29% AUM from major funds: 18 of 124 holders rank in the top 100 by AUM, accounting for 29% 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: 60 out of 124 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.

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.