BlackRock Resources & Commodities Strategy Trust (BCX)

• Market cap: $690M
• 1 day: 0.47%
• 5 days: -4.66%
• 1 month: -8.12%
• 3 months: -8.12%
• 6 months: -6.11%
• Year to date: -4.12%
• 1 year: -4.55%
• 5 years: 8.72%
• 10 years: -13.57%

About: BlackRock Resources & Commodities Strategy Trust operates as an investment trust. Its investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. The company invests at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

5% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 42

3.26% less ownership

Funds ownership: 38.89% [Q2] → 35.64% (-3.26%) [Q3]

3% less funds holding

Funds holding: 119 [Q2] → 115 (-4) [Q3]

6% less capital invested

Capital invested by funds: $302M [Q2] → $284M (-$18.1M) [Q3]

20% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 20