Saba Capital Management, L.P. reported owning 5,986,934 shares of BlackRock TCP Capital Corp., or 7.14% of the common shares, according to a Schedule 13D amendment filed with the US Securities and Exchange Commission on Nov. 6.
\nThe amendment gives Nov. 4 as the date of the event that required the filing. Saba's previous Schedule 13D, filed Oct. 14, reported a 5.11% stake. The amendment says the trades since that filing were all made in the open market, and it calculates the percentages on 83,902,775 shares of common stock outstanding, as disclosed in a 10-Q filed by the company.
\nThe filing is made jointly with Saba Capital Management GP, LLC and Boaz R. Weinstein. It describes Weinstein as managing member of the general partner of Saba Capital. Funds and accounts advised by Saba Capital have the right to receive dividends and sale proceeds from the shares, according to the filing.
\nIn its Oct. 14 filing, Saba said it bought the shares because it believes they are undervalued, and that it may seek to influence the company to engage in \"share buy-backs, tenders, and liquidations\" or to change its governance, investment strategy or investment manager.
\nSaba Capital Management, L.P., one of the firm's SEC-registered advisers, reported $18.3 billion in regulatory assets under management and 12 private funds in the SEC's adviser data for September 2026.
", "text": "Saba Capital Management, L.P. reported owning 5,986,934 shares of BlackRock TCP Capital Corp., or 7.14% of the common shares, according to a Schedule 13D amendment filed with the US Securities and Exchange Commission on Nov. 6.\n\nThe amendment gives Nov. 4 as the date of the event that required the filing. Saba's previous Schedule 13D, filed Oct. 14, reported a 5.11% stake. The amendment says the trades since that filing were all made in the open market, and it calculates the percentages on 83,902,775 shares of common stock outstanding, as disclosed in a 10-Q filed by the company.\n\nThe filing is made jointly with Saba Capital Management GP, LLC and Boaz R. Weinstein. It describes Weinstein as managing member of the general partner of Saba Capital. Funds and accounts advised by Saba Capital have the right to receive dividends and sale proceeds from the shares, according to the filing.\n\nIn its Oct. 14 filing, Saba said it bought the shares because it believes they are undervalued, and that it may seek to influence the company to engage in \"share buy-backs, tenders, and liquidations\" or to change its governance, investment strategy or investment manager.\n\nSaba Capital Management, L.P., one of the firm's SEC-registered advisers, reported $18.3 billion in regulatory assets under management and 12 private funds in the SEC's adviser data for September 2026." }, "claims": [ { "evidence": "5.11", "kind": "lifts_stake", "receipt": "0001062993-26-005324" } ], "contact": "research@alphanume.com", "corrections": [], "dek": "Saba reports paying a total of approximately $24,194,242 for the shares, compared with approximately $17,149,739 in its initial filing.", "desk": "activism", "desk_label": "Activism", "entities": [ { "basis": "identifier or the record itself", "in_headline": true, "name": "Saba Capital", "role": "filer" } ], "facts": [ { "key": "activist", "receipt": "0001062993-26-005791", "source": { "path": "formData/reportingPersons (matcher)", "value": "Saba Capital Management, L.P." }, "text": "Saba Capital" }, { "key": "filer", "receipt": "0001062993-26-005791", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/reportingPersonName", "value": "Saba Capital Management, L.P." }, "text": "Saba Capital Management, L.P." }, { "key": "issuer", "receipt": "0001062993-26-005791", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "BlackRock TCP Capital Corp." }, "text": "BlackRock TCP Capital Corp." }, { "key": "activist_head", "receipt": "0001062993-26-005791", "source": { "path": "formData/reportingPersons (matcher)", "value": "Saba Capital Management, L.P." }, "text": "Saba Capital" }, { "key": "issuer_head", "receipt": "0001062993-26-005791", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "BlackRock TCP Capital" }, "text": "BlackRock TCP Capital" }, { "key": "pct", "receipt": "0001062993-26-005791", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/percentOfClass", "value": "7.14" }, "text": "7.14%" }, { "key": "shares", "receipt": "0001062993-26-005791", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/aggregateAmountOwned", "value": "5986934" }, "text": "5,986,934" }, { "key": "prior_pct", "receipt": "0001062993-26-005324", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/percentOfClass", "value": "5.11" }, "text": "5.11%" }, { "key": "co_filer_0", "receipt": "0001062993-26-005791", "source": { "path": "formData/reportingPersons/reportingPersonInfo[2]", "value": "Boaz R. Weinstein" }, "text": "Boaz R. Weinstein" }, { "key": "co_filer_1", "receipt": "0001062993-26-005791", "source": { "path": "formData/reportingPersons/reportingPersonInfo[3]", "value": "Saba Capital Management GP, LLC" }, "text": "Saba Capital Management GP, LLC" }, { "key": "filed_date__short", "receipt": "0001062993-26-005791", "source": { "path": "edgar:daily-index/date-filed", "value": "2026-11-06" }, "text": "Nov. 6" }, { "key": "event_date__short", "receipt": "0001062993-26-005791", "source": { "path": "formData/coverPageHeader/dateOfEvent", "value": "11/04/2026" }, "text": "Nov. 4" }, { "key": "prior_date__short", "receipt": "0001062993-26-005324", "source": { "path": "edgar:daily-index/date-filed", "value": "2026-10-14" }, "text": "Oct. 14" }, { "key": "ctx_adviser", "receipt": "ia09012026-registered.zip", "source": { "path": "adviser file CRD 154362: Legal Name", "value": "SABA CAPITAL MANAGEMENT, L.P." }, "text": "Saba Capital Management, L.P." }, { "key": "ctx_raum", "receipt": "ia09012026-registered.zip", "source": { "path": "adviser file CRD 154362: regulatory AUM", "value": "18,303,991,573.00" }, "text": "$18.3 billion" }, { "key": "ctx_private_funds", "receipt": "ia09012026-registered.zip", "source": { "path": "adviser file CRD 154362: private funds", "value": "12" }, "text": "12" }, { "key": "ctx_file_month", "receipt": "ia09012026-registered.zip", "source": { "value": "2026-09-01" }, "text": "September 2026" }, { "key": "quote_0", "receipt": "0001062993-26-005324", "source": { "path": "text", "value": "share buy-backs, tenders, and liquidations" }, "text": "share buy-backs, tenders, and liquidations" } ], "guid": "tag:alphanume.com,2026:news:s_sudp3343gjmb", "headline": "Saba Capital Lifts Its BlackRock TCP Capital Stake to 7.14% From 5.11%", "id": "s_sudp3343gjmb", "kind": "story", "legal": { "allegation": false, "stage": null }, "published_at": "2026-11-06T13:29:28+00:00", "receipts": [ { "filed": "2026-09-01", "form": "adviser_registered", "id": "ia09012026-registered.zip", "label": "SEC monthly adviser file (context)", "source": "adviser_file", "type": "sec_file", "type_label": "SEC adviser file", "url": "https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia09012026-registered.zip" }, { "cik": "1510281", "filed": "2026-10-14", "form": "SCHEDULE 13D", "id": "0001062993-26-005324", "label": "Prior Schedule 13D accession 0001062993-26-005324", "source": "edgar", "type": "accession", "type_label": "EDGAR accession", "url": "https://www.sec.gov/Archives/edgar/data/1510281/000106299326005324/0001062993-26-005324-index.htm" }, { "cik": "1510281", "filed": "2026-11-06", "form": "SCHEDULE 13D/A", "id": "0001062993-26-005791", "label": "Schedule 13D accession 0001062993-26-005791", "source": "edgar", "type": "accession", "type_label": "EDGAR accession", "url": "https://www.sec.gov/Archives/edgar/data/1510281/000106299326005791/0001062993-26-005791-index.htm" } ], "record_date": "2026-11-06", "schema": "alphanume.news/item/v1", "slug": "saba-capital-lifts-its-blackrock-tcp-capital-stake-to-7-14-from-5-11", "status": "published", "type": "activist_13d_amendment", "updated_at": "2026-11-06T13:29:28+00:00", "version": 1, "url": "https://news.alphanume.com/stories/saba-capital-lifts-its-blackrock-tcp-capital-stake-to-7-14-from-5-11", "api_url": "https://news.alphanume.com/api/v1/stories/s_sudp3343gjmb" }