BlackRock TCP Capital Corp.(TCPC)Stock Analysis
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This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
TCPC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for BlackRock TCP Capital Corp. (TCPC). TCPC is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), BlackRock TCP Capital Corp. reports net income of $-16.3M, free cash flow of $159.1M. Top institutional holders of TCPC by reported 13-F value include Next Capital Management, Invesco Ltd., UBS Group AG, based on the most recent SEC filings. TCPC trades on the Nasdaq exchange and files with the SEC under CIK 1370755. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TCPC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BlackRock TCP Capital Corp. directly from SEC EDGAR.
Net Income
Q1 2026
$-16.3M
Free Cash Flow
Q1 2026
$159.1M
D/E Ratio
Q1 2026
1.64
AI Insight: TCPC Financial Trends
TCPC's net income remains volatile with alternating quarterly losses and gains, while debt declined from $1,320M to $926M over eight quarters.
• Total debt decreased from $1,320M in Q2 2024 to $926M in Q1 2026, declining $394M over eight quarters.
• Operating cash flow turned negative to -$42M in Q2 2025 but recovered to $159M in Q1 2026.
• Equity declined from $873M in Q2 2024 to $565M in Q1 2026, falling $308M over the period.
⚠ Net income volatility persists with five quarterly losses including largest loss of -$118M in Q4 2025.
⚠ Equity erosion accelerated in Q4 2025 with $142M decline from prior quarter amid largest quarterly loss.
AI Insight: TCPC Ratio Trends
TCPC's profitability remains highly volatile with ROE swinging from 13.2% in Q3 2025 to -79.1% in Q4 2025.
• ROE oscillated dramatically between positive and negative quarters, ranging from -79.1% to 13.2% over the past eight quarters.
• Debt-to-equity ratio climbed from 1.34 in Q3 2024 to 1.64 in Q1 2026, indicating increased leverage.
• ROA mirrored ROE volatility, swinging from 5.4% in Q3 2025 to -28.7% in Q4 2025.
⚠ Q4 2025 recorded exceptionally poor ROE of -79.1% and ROA of -28.7% — worst quarterly performance in the dataset.
⚠ Leverage peaked at 1.73 D/E in Q4 2025, the highest level across all quarters shown.
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Available Research
13F Pro tracks comprehensive data for BlackRock TCP Capital Corp. including:
Top Institutional Holders of TCPC
Next Capital Management LLC
$11.0M3,049,547 shInvesco Ltd.
$8.6M2,375,549 shUBS Group AG
$8.0M2,208,727 shTRANSCEND WEALTH COLLECTIVE, LLC
$4.7M1,296,553 shNorth Ground Capital
$3.1M850,000 shVICTORY CAPITAL MANAGEMENT INC
$3.0M838,423 shMORGAN STANLEY
$2.7M759,722 shTWO SIGMA INVESTMENTS, LP
$2.5M690,950 shLegal & General Group Plc
$2.4M665,664 shBARINGS LLC
$2.0M564,991 sh
| Fund | Value | Shares |
|---|---|---|
| Next Capital Management LLC | $11.0M | 3,049,547 |
| Invesco Ltd. | $8.6M | 2,375,549 |
| UBS Group AG | $8.0M | 2,208,727 |
| TRANSCEND WEALTH COLLECTIVE, LLC | $4.7M | 1,296,553 |
| North Ground Capital | $3.1M | 850,000 |
| VICTORY CAPITAL MANAGEMENT INC | $3.0M | 838,423 |
| MORGAN STANLEY | $2.7M | 759,722 |
| TWO SIGMA INVESTMENTS, LP | $2.5M | 690,950 |
| Legal & General Group Plc | $2.4M | 665,664 |
| BARINGS LLC | $2.0M | 564,991 |
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Popular Research
Is TCPC a good stock to buy?
13F Pro's AI-powered analysis of BlackRock TCP Capital Corp. (TCPC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TCPC are available on the TCPC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own TCPC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TCPC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BlackRock TCP Capital Corp.'s investment landscape.