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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
Rivernorth Capital Management, LLC1,408,167$19.9M0.94%+1,408,167New
Penserra Capital Management LLC1,436,103$20.3M0.24%+132,891+10.2%Added
Bank of America Corp1,476,515$20.9M0.00%+83,529+6.0%Added
Cohen & Steers, Inc.1,632,657$23.1M0.04%+10,000+0.6%Added
Wells Fargo & Company2,047,452$29.0M0.01%−69,756−3.3%Reduced
Morgan Stanley4,244,802$60.1M0.00%−239,913−5.3%Reduced
Saba Capital Management, L.P.0$00.00%−1,078,049−100.0%Sold out
Fountainhead AM, LLC0$00.00%−142,143−100.0%Sold out
Consolidated Portfolio Review Corp0$00.00%−12,690−100.0%Sold out
Cary Street Partners Financial LLC0$00.00%−12,299−100.0%Sold out
Mariner, LLC0$00.00%−11,353−100.0%Sold out
Parallel Advisors, LLC0$00.00%−3,200−100.0%Sold out
Keener Financial Planning LLC0$00.00%−2,000−100.0%Sold out
Rogco, LP0$00.00%−748−100.0%Sold out
Thomas J. Herzfeld Advisors, Inc.0$00.00%−435−100.0%Sold out