Paul L. Davis

TCPC

CFO · BLACKROCK TCP CAPITAL CORP. · CIK 0001306823

FILING MIX · LIFETIME100%/0%

BUYS

SELLS

TOTAL VALUE

$113.9K

COMPANIES

ACTIVE SINCE

Feb 2020

HOLDINGS NOW

28,500

AVG SELL PX

—

Trades · vs SPY

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Performance · forward returns vs SPY

8 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Paul L. Davis, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	8	+25.00%	-27.07%	-5.85%	-21.22%	-24.53%	—
14d	8	+0.00%	-26.17%	-1.35%	-24.82%	-22.79%	—
30d	8	+37.50%	-23.93%	+5.31%	-29.24%	-37.14%	—
60d	8	+37.50%	-13.82%	+10.92%	-24.74%	-33.09%	—
90d	8	+50.00%	+6.45%	+19.70%	-13.25%	-22.94%	—
180d	8	+50.00%	+7.18%	+30.48%	-23.30%	-30.59%	—
1y	8	+100.00%	+61.24%	+52.23%	+9.02%	-5.35%	—
2y	8	+100.00%	+71.88%	+70.07%	+1.81%	-7.59%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

TCPC · 28,500 shares · as of Mar 16, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 8 buys / 0 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
TCPC BLACKROCK TCP CAPITAL CORP.	PURCHASE CFO	1,000	$8.15	$8.2K	27,500	Mar 16, 2020	Mar 16, 2020 ↗
TCPC BLACKROCK TCP CAPITAL CORP.	PURCHASE CFO	1,000	$8.19	$8.2K	26,500	Mar 16, 2020	Mar 16, 2020 ↗
TCPC BLACKROCK TCP CAPITAL CORP.	PURCHASE CFO	1,000	$7.51	$7.5K	28,500	Mar 16, 2020	Mar 16, 2020 ↗
TCPC BLACKROCK TCP CAPITAL CORP.	PURCHASE CFO	1,000	$10.26	$10.3K	25,500	Mar 12, 2020	Mar 12, 2020 ↗
TCPC BLACKROCK TCP CAPITAL CORP.	PURCHASE CFO	2,000	$11.60	$23.2K	24,500	Mar 11, 2020	Mar 11, 2020 ↗
TCPC BLACKROCK TCP CAPITAL CORP.	PURCHASE CFO	3,000	$12.43	$37.3K	22,500	Mar 9, 2020	Mar 9, 2020 ↗
TCPC BLACKROCK TCP CAPITAL CORP.	PURCHASE CFO	1,000	$12.91	$12.9K	19,000	Feb 28, 2020	Feb 28, 2020 ↗
TCPC BLACKROCK TCP CAPITAL CORP.	PURCHASE CFO	500	$12.86	$6.4K	19,500	Feb 28, 2020	Feb 28, 2020 ↗

Other insiders · TCPC

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About this filer

CIK 0001306823

ROLE

CFO

PRIMARY

TCPC

COMPANIES

ACTIVE SINCE

Feb 2020

MARKETPEEL · /INSIDER/0001306823DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Paul L. Davis

The morning brief, before the bell.