BlackRock TCP Capital (TCPC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	91.59 mm	91.59 mm	91.59 mm	91.59 mm	91.59 mm	91.59 mm
Cash burn (monthly)	4.20 mm	5.28 k	17.96 mm	21.19 mm	(no burn)	(no burn)
Cash used (since last report)	9.59 mm	12.05 k	41.03 mm	48.43 mm	n/a	n/a
Cash remaining	82.00 mm	91.58 mm	50.56 mm	43.16 mm	n/a	n/a
Runway (months of cash)	19.5	17359.6	2.8	2.0	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

TCPC institutional ownership history Ownership history

21.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	150	145	+3.4%
Opened positions	28	33	-15.2%
Closed positions	23	27	-14.8%
Increased positions	34	36	-5.6%
Reduced positions	46	42	+9.5%

13F shares	Current	Prev Q	Change
Total value	134.46 bn	116.13 bn	+15.8%
Total shares	18.55 mm	16.73 mm	+10.9%
Total puts	33.50 k	45.60 k	-26.5%
Total calls	45.90 k	54.50 k	-15.8%
Total put/call ratio	0.7	0.8	-12.8%

Largest owners	Shares	Value	Change
Van Eck Associates	2.20 mm	$19.19 mm	+4.5%
IVZ Invesco	1.56 mm	$13.55 bn	-7.4%
Transcend Wealth Collective	1.43 mm	$12.48 bn	+17.2%
Two Sigma Advisers	1.07 mm	$9.36 bn	-3.8%
UBS UBS	940.85 k	$8.19 bn	+98.0%
MS Morgan Stanley	826.86 k	$7.20 bn	-6.9%
Two Sigma Investments	709.42 k	$6.18 bn	-25.8%
TrueMark Investments	604.83 k	$5.27 bn	NEW
LGEN Legal & General	566.61 k	$4.94 bn	-7.3%
Envestnet Asset Management	558.82 k	$4.87 bn	+623.5%

Largest transactions	Shares	Bought/sold	Change
TrueMark Investments	604.83 k	+604.83 k	NEW
Envestnet Asset Management	558.82 k	+481.58 k	+623.5%
Columbus Macro	479.61 k	+479.61 k	NEW
UBS UBS	940.85 k	+465.70 k	+98.0%
BI Asset Management Fondsmaeglerselskab A/S	337.48 k	+337.48 k	NEW
GraniteShares Advisors	281.68 k	+281.68 k	NEW
Raymond James & Associates	0.00	-260.18 k	EXIT
Two Sigma Investments	709.42 k	-246.11 k	-25.8%
Transcend Wealth Collective	1.43 mm	+209.90 k	+17.2%
BlackRock	322.89 k	+137.70 k	+74.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TCPC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Jan 25	August Daniel Worrell	Phantom Shares Common Stock	Option exercise	Dispose M	No	No	0	10,201	0.00	20,402
31 Jan 25	August Daniel Worrell	Phantom Shares Common Stock	Option exercise	Dispose M	No	No	0	6,777.75	0.00	30,603
31 Jan 25	Patrick Wolfe	Phantom Shares Common Stock	Grant	Acquire A	No	No	9.21	9,918.57	91.35 k	13,992.52
31 Jan 25	Patrick Wolfe	Phantom Shares Common Stock	Option exercise	Dispose M	No	No	0	2,036.97	0.00	4,073.95
31 Jan 25	Patrick Wolfe	Phantom Shares Common Stock	Option exercise	Dispose M	No	No	0	2,006.53	0.00	6,110.92
31 Jan 25	Jason Mehring	Phantom Shares Common Stock	Grant	Acquire A	No	No	9.21	3,840.93	35.37 k	10,903.13
31 Jan 25	Jason Mehring	Phantom Shares Common Stock	Option exercise	Dispose M	No	No	0	3,531.1	0.00	7,062.19
31 Jan 25	Jason Mehring	Phantom Shares Common Stock	Option exercise	Dispose M	No	No	0	2,553.93	0.00	10,593.29
27 Nov 24	Jason Mehring	Common Stock	Buy	Acquire P	No	No	9.3	4,500	41.85 k	19,913.878