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BlackRock Enhanced Equity Dividend Trust
BDJ

110 hedge funds and large institutions have $315M invested in BlackRock Enhanced Equity Dividend Trust in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 34 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 34

9% more capital invested

Capital invested by funds: $289M → $315M (+$26.1M)

0.64% more ownership

Funds ownership: 20.29% → 20.93% (+0.64%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

3% less funds holding

Funds holding: 113 → 110 (-3)

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

Holders
110
Holders Change
-3
Holders Change %
-2.65%
% of All Funds
3.16%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
10
Increased
40
Reduced
34
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OHA
Oak Hill Advisors
New York
+$7.8M
2
PPA
Parametric Portfolio Associates
Washington
+$4.94M
3
RVP
Relative Value Partners
Illinois
+$3.92M
4
U
UBS
Switzerland
+$2.31M
5
Bank of America
Bank of America
North Carolina
+$1.94M

Top Sellers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
-$2.58M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$2.41M
3
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$2.35M
4
CA
Cornerstone Advisors
North Carolina
-$2.34M
5
DA
Doliver Advisors
Texas
-$2.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
ISB
76
Iowa State Bank
Iowa
$129K – – –
ACM
77
Argentus Capital Management
Texas
$129K +$14.6K +1,789 +13%
OA
78
Oxbow Advisors
Texas
$124K – – –
First Manhattan
79
First Manhattan
New York
$122K – – –
BRWA
80
B. Riley Wealth Advisors
Florida
$121K -$2.22K -273 -2%
WA
81
WESPAC Advisors
California
$106K -$114K -14,053 -53%
CHC
82
City Holding Co
West Virginia
$98K – – –
WA
83
WFG Advisors
Texas
$98K +$220 +27 +0.2%
GA
84
Geneva Advisors
Illinois
$94K – – –
WSFS
85
Wilmington Savings Fund Society
Delaware
$92K – – –
CP
86
Camelot Portfolios
Ohio
$89K – – –
FTIOP
87
Fiduciary Trust International of Pennsylvania
Pennsylvania
$88K – – –
GPC
88
Glacier Peak Capital
Washington
$84K – – –
WRM
89
Westport Resources Management
Connecticut
$80K – – –
Fifth Third Bancorp
90
Fifth Third Bancorp
Ohio
$74K – – –
CFN
91
Cordasco Financial Network
Florida
$50K -$10.1K -1,242 -17%
FANJ
92
Financial Architects (New Jersey)
New Jersey
$49K +$47.2K +5,800 New
FWM
93
Focused Wealth Management
New York
$46K – – –
Bank of Montreal
94
Bank of Montreal
Ontario, Canada
$43K – – –
BAM
95
Barrett Asset Management
New York
$38K -$20.3K -2,500 -36%
WA
96
Waverly Advisors
Alabama
$35K – – –
PMFA
97
Plante Moran Financial Advisors
Michigan
$32K +$30.6K +3,758 New
NSIM
98
North Star Investment Management
Illinois
$30K +$28.7K +3,522 New
GI
99
Gradient Investments
Minnesota
$15K -$7.37K -905 -33%
Manulife (Manufacturers Life Insurance)
100
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$13K – – –
1 2 3
4
5

BDJ Hedge Fund Activity: Q2 2014 in Review

110 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in BlackRock Enhanced Equity Dividend Trust (BDJ) for Q2 2014, worth a combined $315M — up 9% from $289M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BDJ and 10 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 40 added.

The largest buyer was Oak Hill Advisors, opening a new position worth an estimated $7.8M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $2.58M sold.

  • 110 institutional investors held BlackRock Enhanced Equity Dividend Trust (BDJ) as of Q2 2014, down from 113 in Q1 2014.
  • Funds reported $315M of BlackRock Enhanced Equity Dividend Trust stock for Q2 2014, up 9% quarter-over-quarter.
  • 10 funds opened new BlackRock Enhanced Equity Dividend Trust positions in Q2 2014 and 13 closed out, a net change of -3 holders.
  • The largest BlackRock Enhanced Equity Dividend Trust buyer in Q2 2014 was Oak Hill Advisors, an estimated $7.8M added.
  • The largest BlackRock Enhanced Equity Dividend Trust seller in Q2 2014 was Shaker Financial Services, an estimated $2.58M sold.

Based on aggregated 13F filings for Q2 2014.