Third Avenue Management’s BlackRock Credit Allocation Income Trust BTZ Stock Holding History

Third Avenue Management’s Portfolio BTZ Stock Details BTZ Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-409,999	Closed	-$4.99M	–	112
2015 Q3	$4.99M	Sell	409,999 -427,054	-51%	-$5.29M	0.14%	84
2015 Q2	$10.6M	Buy	837,053 +15,469	+2%	+$205K	0.27%	44
2015 Q1	$11.1M	Sell	821,584 -80,644	-9%	-$1.08M	0.28%	45
2014 Q4	$11.7M	Buy	902,228 +638,888	+243%	+$8.53M	0.29%	47
2014 Q3	$3.5M	Sell	263,340 -786,211	-75%	-$10.6M	0.07%	120
2014 Q2	$14.4M	Buy	1,049,551 +18,323	+2%	+$250K	0.28%	94
2014 Q1	$13.9M	Buy	1,031,228 +25,057	+2%	+$331K	0.27%	99
2013 Q4	$13.1M	Buy	1,006,171 +558,723	+125%	+$7.15M	0.24%	99
2013 Q3	$5.83M	Buy	+447,448	New	+$5.63M	0.11%	108

Other funds holding BTZ

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

RVPG

Relative Value Partners Group $772M AUM 15.6% 1-Year Est. Return

RCM

Rivernorth Capital Management West Palm Beach, Florida $2B AUM 0.66% 1-Year Est. Return

KIM

Karpus Investment Management Pittsford, New York $3.21B AUM 6.83% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

SIA

Sit Investment Associates Minneapolis, Minnesota $4.93B AUM 12.22% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

1CP

1607 Capital Partners Richmond, Virginia $1.39B AUM 8.35% 1-Year Est. Return

PPA

Parametric Portfolio Associates Seattle, Washington $190B AUM 18.52% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Third Avenue Management's BTZ Position: Q4 2015 in Review

Third Avenue Management sold out of BlackRock Credit Allocation Income Trust (BTZ) in Q4 2015, closing a stake of 409,999 shares — an estimated $4.99M sold.

Third Avenue Management first reported a position in BTZ in Q3 2013 and held it in 9 quarters. The position peaked at $14.4M in Q2 2014. 116 funds tracked by Wall St. Rank hold BTZ as of Q4 2015.

Third Avenue Management reported no remaining BlackRock Credit Allocation Income Trust position as of Q4 2015 after selling out during the quarter.
Third Avenue Management sold 409,999 BlackRock Credit Allocation Income Trust shares in Q4 2015, an estimated $4.99M.
Third Avenue Management first reported a position in BlackRock Credit Allocation Income Trust in Q3 2013 and held it in 9 quarters.
Third Avenue Management's BlackRock Credit Allocation Income Trust position peaked at $14.4M in Q2 2014.
116 funds tracked by Wall St. Rank held BlackRock Credit Allocation Income Trust as of Q4 2015.

Based on Third Avenue Management's 13F filing for Q4 2015, filed 12 Feb 2016.