BlackRock Science and Technology Term Trust (BSTZ)

Market Cap: $1.34B

About: BlackRock Science and Technology Trust II is a non-diversified, closed-end management investment company. The trust's investment objectives are to provide total return and income through a combination of current income, current gains, and long-term capital appreciation. Its portfolio consists of Equity Securities, Options, Preferred Securities, Convertible Securities, Depositary Receipts, Non-U.S. Securities, Emerging Markets Investments, Restricted and Illiquid Investments, Private Company Investments, Corporate Bonds, and other investments. The trust seeks to Invest at least 80% of its total assets in equity securities issued by U.S. and non-U.S. science and technology companies in any market capitalization range from the development, advancement, and use of science and/or technology.

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 33

0.85% less ownership

Funds ownership: 34.38% [Q1] → 33.53% (-0.85%) [Q2]

2% less capital invested

Capital invested by funds: $521M [Q1] → $508M (-$12.6M) [Q2]

4% less funds holding

Funds holding: 97 [Q1] → 93 (-4) [Q2]

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

60% less funds holding in top 10

Funds holding in top 10: 5 [Q1] → 2 (-3) [Q2]