# Boaz Weinstein's Saba Capital Discloses 5.11% Stake in BlackRock TCP Capital

- URL: https://stocks.freetheai.org/news/boaz-weinstein-s-saba-capital-discloses-5-11-stake-in-blackrock-tcp-capital-03b4e9
- Published: 2026-10-14T13:16:00Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:TCPC](https://stocks.freetheai.org/symbols/NASDAQ-TCPC)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

Boaz Weinstein's Saba Capital Management has acquired a 5.11% stake in BlackRock TCP Capital Corp. (TCPC) through open-market share purchases. The move reflects an active position designed to engage company leadership and address the stock's discount relative to its net asset value.

Saba Capital considers the company's shares undervalued and intends to discuss strategy, governance, and operational performance with executive management and the board. To drive value, the hedge fund may push for share buybacks, tender offers, liquidations, or updates to the overarching investment strategy and manager oversight.

Moving forward, investors will watch whether Saba Capital nominates directors to the board or solicits proxies. The fund noted it may adjust its shareholding or use hedging tactics as it reviews the company's progress.

## Key points

- Saba Capital Management acquired a 5.11% stake in BlackRock TCP Capital Corp.
- The investment firm aims to narrow the stock's discount to net asset value.
- Saba plans to discuss governance, strategy, share buybacks, and manager performance with leadership.
- The hedge fund may nominate board members, solicit proxies, or alter its position over time.

## Questions and answers

### Why did Saba Capital purchase a stake in BlackRock TCP Capital?

Saba Capital purchased the stake because it considers the stock undervalued and wants to narrow its discount to net asset value.

### What actions could Saba Capital take at BlackRock TCP Capital?

Saba Capital may nominate board members, solicit proxies, or push for share buybacks, tender offers, liquidations, and strategy shifts.