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BlackRock Capital Allocation Term Trust

BCAT
Exchange
NYSE
SEC CIK
0001809541

In the last 90 days, BlackRock Capital Allocation Term Trust insiders filed 0 open-market purchases and 1 sale; 110 institutions reported holding it in 13F filings for Q2 2026, worth $304.6M in total; no superinvestor holds it.

Other share classesBCAT.RW

13F holders, Q4 2025

Institutional positions in BlackRock Capital Allocation Term Trust as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
106
+12 vs. Q3 2025
Shares held
21.2M
+1.59M (+8.1%) vs. Q3 2025
Total value
$300.8M
+$10.2M (+3.5%) vs. Q3 2025
New holders
21
35 more added
Sold out
9
30 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BCAT on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 106 institutions
Q1 2021: 27 institutionsQ2 2021: 34 institutionsQ3 2021: 38 institutionsQ4 2021: 64 institutionsQ1 2022: 61 institutionsQ2 2022: 69 institutionsQ3 2022: 76 institutionsQ4 2022: 85 institutionsQ1 2023: 72 institutionsQ2 2023: 72 institutionsQ3 2023: 80 institutionsQ4 2023: 86 institutionsQ1 2024: 91 institutionsQ2 2024: 86 institutionsQ3 2024: 80 institutionsQ4 2024: 89 institutionsQ1 2025: 92 institutionsQ2 2025: 91 institutionsQ3 2025: 94 institutionsQ4 2025: 106 institutionsQ1 2026: 100 institutionsQ2 2026: 110 institutions
Value heldQ4 2025: $300.8M
Q1 2021: $163.0MQ2 2021: $199.9MQ3 2021: $237.4MQ4 2021: $410.9MQ1 2022: $368.4MQ2 2022: $377.7MQ3 2022: $382.8MQ4 2022: $452.9MQ1 2023: $503.8MQ2 2023: $530.4MQ3 2023: $511.9MQ4 2023: $566.2MQ1 2024: $679.3MQ2 2024: $659.2MQ3 2024: $585.8MQ4 2024: $504.4MQ1 2025: $425.2MQ2 2025: $383.1MQ3 2025: $290.6MQ4 2025: $300.8MQ1 2026: $274.8MQ2 2026: $304.6M
Institutions holding BCAT and their total value by quarter
QuarterHoldersValue
Q2 2026110$304.6M
Q1 2026100$274.8M
Q4 2025106$300.8M
Q3 202594$290.6M
Q2 202591$383.1M
Q1 202592$425.2M
Q4 202489$504.4M
Q3 202480$585.8M
Q2 202486$659.2M
Q1 202491$679.3M
Q4 202386$566.2M
Q3 202380$511.9M
Q2 202372$530.4M
Q1 202372$503.8M
Q4 202285$452.9M
Q3 202276$382.8M
Q2 202269$377.7M
Q1 202261$368.4M
Q4 202164$410.9M
Q3 202138$237.4M
Q2 202134$199.9M
Q1 202127$163.0M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding BlackRock Capital Allocation Term Trust; share changes are against Q3 2025.

Institutions holding BCAT in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Morgan Stanley4,244,802$60.1M0.00%−239,913−5.3%Reduced
Wells Fargo & Company2,047,452$29.0M0.01%−69,756−3.3%Reduced
Cohen & Steers, Inc.1,632,657$23.1M0.04%+10,000+0.6%Added
Bank of America Corp1,476,515$20.9M0.00%+83,529+6.0%Added
Penserra Capital Management LLC1,436,103$20.3M0.24%+132,891+10.2%Added
Rivernorth Capital Management, LLC1,408,167$19.9M0.94%+1,408,167New
Invesco Ltd.1,261,012$17.9M0.00%−63,274−4.8%Reduced
UBS Group AG960,501$13.6M0.00%−178,177−15.6%Reduced
Stifel Financial Corp469,272$6.64M0.01%−45,673−8.9%Reduced
Rockefeller Capital Management L.P.429,375$6.08M0.01%−33,465−7.2%Reduced
LPL Financial LLC401,175$5.68M0.00%+30,804+8.3%Added
Royal Bank of Canada379,431$5.37M0.00%+150,887+66.0%Added
Keebeck Wealth Management, LLC359,994$5.10M0.59%−3,876−1.1%Reduced
Absolute Investment Advisers LLC352,521$5.08M0.58%+352,521New
Advisors Asset Management, Inc.354,791$5.02M0.08%+15,459+4.6%Added
Raymond James Financial Inc334,442$4.74M0.00%−133,005−28.5%Reduced
Cambridge Investment Research Advisors, Inc.214,349$3.04M0.01%+4,792+2.3%Added
Readystate Asset Management LP203,918$2.89M0.13%+203,918New
Jane Street Group, LLC186,712$2.64M0.00%+186,712New
Lido Advisors, LLC180,590$2.57M0.01%+167,144+1,243.1%Added
Wolverine Asset Management LLC181,129$2.56M0.04%+181,129New
Quarry LP142,366$2.02M0.33%+142,366New
Ameriprise Financial Inc120,789$1.71M0.00%+4,383+3.8%Added
First Trust Advisors LP118,423$1.68M0.00%−2,332−1.9%Reduced
Commonwealth Equity Services, LLC108,896$1.54M0.00%+35,019+47.4%Added
Advisor Group Holdings, Inc.99,168$1.40M0.00%+4,312+4.5%Added
Evolve Private Wealth, LLC99,077$1.40M0.08%+99,077New
Integrated Wealth Concepts LLC91,652$1.30M0.02%−6,289−6.4%Reduced
Thrivent Financial for Lutherans86,649$1.23M0.00%+11,649+15.5%Added
Mathes Company, Inc.86,500$1.23M0.44%−19,000−18.0%Reduced
Clearstead Advisors, LLC84,423$1.20M0.02%00.0%Unchanged
Baird Financial Group, Inc.79,892$1.13M0.00%+3,172+4.1%Added
Janney Montgomery Scott LLC78,769$1.11M0.00%+6,539+9.1%Added
PFG Investments, LLC75,757$1.07M0.05%+25,029+49.3%Added
CWM, LLC70,296$995.0K0.00%00.0%Unchanged
Perennial Investment Advisors, LLC67,224$951.9K0.08%+12,357+22.5%Added
Cetera Investment Advisers66,814$946.1K0.00%−799−1.2%Reduced
Almitas Capital LLC55,000$778.8K0.17%+55,000New
Oppenheimer & Co Inc50,916$721.0K0.01%+3,873+8.2%Added
Cerity Partners LLC46,632$660.3K0.00%+4,800+11.5%Added
Wiley Bros.-Aintree Capital, LLC46,152$653.5K0.00%+30,033+186.3%Added
Susquehanna International Group, LLP41,263$584.3K0.00%+41,263New
Quantinno Capital Management LP39,908$565.1K0.00%+7,885+24.6%Added
Marex Group plc39,300$556.5K0.01%+39,300New
Mount Yale Investment Advisors, LLC38,350$543.0K0.03%−2,650−6.5%Reduced
Vestmark Advisory Solutions, Inc.38,350$543.0K0.01%+38,350New
Joseph P. Lucia & Associates, LLC37,274$527.8K0.19%+2,695+7.8%Added
Closed-End Fund Advisors, Inc.36,623$518.6K0.31%+36,623New
Landscape Capital Management, L.L.C.36,229$513.0K0.03%+36,229New
Winebrenner Capital Management LLC36,000$509.8K0.34%−10,000−21.7%Reduced
Amplius Wealth Advisors, LLC33,877$479.7K0.04%+1,700+5.3%Added
TD Capital Management LLC33,812$478.8K0.04%+1,805+5.6%Added
Armis Advisers, LLC32,038$456.5K0.05%−9,494−22.9%Reduced
TrueMark Investments, LLC28,859$408.6K0.08%+28,859New
CI Private Wealth, LLC28,059$397.3K0.00%00.0%Unchanged
XTX Topco Ltd25,954$367.5K0.01%+25,954New
OneAscent Family Office, LLC25,000$354.0K0.24%00.0%Unchanged
Captrust Financial Advisors24,505$347.0K0.00%−856−3.4%Reduced
HRT Financial LP20,971$296.0K0.00%+20,971New
Truist Financial Corp20,875$295.6K0.00%−750−3.5%Reduced
Shaker Financial Services, LLC20,335$287.9K0.09%+4,835+31.2%Added
Camelot Portfolios, LLC19,500$276.1K0.17%00.0%Unchanged
CoreCap Advisors, LLC18,103$256.3K0.01%−8,543−32.1%Reduced
Kingswood Wealth Advisors, LLC17,910$253.6K0.01%−5,174−22.4%Reduced
Eagle Rock Investment Company, LLC17,902$253.5K0.04%00.0%Unchanged
Citadel Advisors LLC17,449$247.1K0.00%+17,449New
SeaCrest Wealth Management, LLC17,097$246.5K0.02%−893−5.0%Reduced
Prosperity Consulting Group, LLC16,906$239.4K0.01%00.0%Unchanged
GWM Advisors LLC16,859$238.7K0.00%+759+4.7%Added
Patriot Financial Group Insurance Agency, LLC16,650$235.8K0.03%00.0%Unchanged
Wedbush Securities Inc16,528$234.0K0.01%+292+1.8%Added
HighTower Advisors, LLC16,300$230.8K0.00%+602+3.8%Added
Walkner Condon Financial Advisors LLC16,213$229.6K0.03%00.0%Unchanged
Creative Planning14,583$206.5K0.00%+3,400+30.4%Added
Boreal Capital Management LLC14,414$204.1K0.15%−1,281−8.2%Reduced
Insigneo Advisory Services, LLC13,725$194.3K0.01%−3,644−21.0%Reduced
RSM US Wealth Management LLC11,875$172.4K0.00%−257−2.1%Reduced
National Asset Management, Inc.12,122$171.7K0.01%+1,923+18.9%Added
Advisory Services Network, LLC11,638$164.8K0.00%00.0%Unchanged
Calton & Associates, Inc.10,686$151.3K0.02%−7,677−41.8%Reduced
Private Advisor Group, LLC10,536$149.2K0.00%−550−5.0%Reduced
Flagship Harbor Advisors, LLC10,245$145.1K0.01%+10,245New
TCG Advisory Services, LLC10,000$141.6K0.00%00.0%Unchanged
Journey Strategic Wealth LLC10,000$141.6K0.00%00.0%Unchanged
Comerica Bank9,908$140.3K0.00%−1,097−10.0%Reduced
BlackRock, Inc.9,048$128.1K0.00%00.0%Unchanged
Global Retirement Partners, LLC8,687$123.0K0.00%+8,243+1,856.5%Added
Steward Partners Investment Advisory, LLC6,794$96.2K0.00%−827−10.9%Reduced
Brown Brothers Harriman & Co5,500$77.9K0.00%00.0%Unchanged
Assetmark, Inc5,366$76.0K0.00%+80+1.5%Added
Pinnacle Wealth Planning Services, Inc.3,795$53.7K0.01%+3,795New
Anfield Capital Management, LLC3,674$52.0K0.02%00.0%Unchanged
Private Trust Co NA3,500$49.6K0.00%00.0%Unchanged
AdvisorNet Financial, Inc3,174$44.9K0.00%+179+6.0%Added
N.E.W. Advisory Services LLC2,400$34.0K0.00%+1,200+100.0%Added
WPG Advisers, LLC1,327$18.8K0.01%−2−0.2%Reduced
Cullen/Frost Bankers, Inc.1,250$17.7K0.00%+1,250New
NBC Securities, Inc.1,185$16.8K0.00%+63+5.6%Added
McIlrath & Eck, LLC1,161$16.4K0.00%−1,838−61.3%Reduced
Founders Capital Management900$12.7K0.01%00.0%Unchanged