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BlackRock Enhanced Equity Dividend Trust
BDJ

107 hedge funds and large institutions have $247M invested in BlackRock Enhanced Equity Dividend Trust in 2013 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 37 increasing their positions, 23 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

61% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 23

13% more funds holding

Funds holding: 95 → 107 (+12)

8% more capital invested

Capital invested by funds: $229M → $247M (+$17.4M)

0.9% more ownership

Funds ownership: 17.37% → 18.27% (+0.9%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
107
Holders Change
+12
Holders Change %
+12.63%
% of All Funds
3.47%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
17
Increased
37
Reduced
23
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$7M
2
Wells Fargo
Wells Fargo
California
+$1.75M
3
TC
TFS Capital
Pennsylvania
+$1.51M
4
Morgan Stanley
Morgan Stanley
New York
+$1.5M
5
RVP
Relative Value Partners
Illinois
+$1.36M

Top Sellers

1
RJFSA
Raymond James Financial Services Advisors
Florida
-$3.78M
2
AAM
Advisors Asset Management
Colorado
-$1.43M
3
U
UBS
Switzerland
-$1.11M
4
GC
Guggenheim Capital
Illinois
-$902K
5
ZCA
Zeke Capital Advisors
Pennsylvania
-$358K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$28.2M +$1.5M +195,127 +5%
RVP
2
Relative Value Partners
Illinois
$23.1M +$1.36M +177,005 +6%
Invesco
3
Invesco
Georgia
$19.8M +$357K +46,556 +2%
GC
4
Guggenheim Capital
Illinois
$17.2M -$902K -117,621 -5%
RJA
5
Raymond James & Associates
Florida
$13.3M +$507K +66,136 +4%
AAM
6
Advisors Asset Management
Colorado
$13M -$1.43M -186,214 -10%
Wells Fargo
7
Wells Fargo
California
$12.9M +$1.75M +228,667 +15%
ZCA
8
Zeke Capital Advisors
Pennsylvania
$12.8M -$358K -46,701 -3%
1832 Asset Management
9
1832 Asset Management
Ontario, Canada
$9.42M +$767K +100,000 +9%
RCYC
10
Richard C. Young & Co
Rhode Island
$9.18M +$190K +24,846 +2%
Thrivent Financial for Lutherans
11
Thrivent Financial for Lutherans
Minnesota
$7.94M – – –
KIM
12
Karpus Investment Management
New York
$7.32M +$7M +913,137 +1,509%
AQR Capital Management
13
AQR Capital Management
Connecticut
$6.92M +$541K +70,615 +8%
Bank of America
14
Bank of America
North Carolina
$6.82M +$375K +48,956 +6%
PPA
15
Parametric Portfolio Associates
Washington
$6.35M +$54.5K +7,115 +0.8%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$4.62M +$23.7K +3,094 +0.5%
LPL Financial
17
LPL Financial
California
$4.47M +$148K +19,276 +3%
U
18
UBS
Switzerland
$4.46M -$1.11M -144,955 -20%
RCM
19
Rivernorth Capital Management
Florida
$3.33M +$59.2K +7,719 +2%
CA
20
Cornerstone Advisors
North Carolina
$3.23M – – –
1CP
21
1607 Capital Partners
Virginia
$2.72M +$228K +29,800 +9%
RJFSA
22
Raymond James Financial Services Advisors
Florida
$2.35M -$3.78M -492,880 -61%
WAM
23
Wolverine Asset Management
Illinois
$1.91M +$938K +122,405 +93%
CI
24
Conning Inc
Connecticut
$1.83M +$24K +3,127 +1%
BBPWM
25
Blue Bell Private Wealth Management
Pennsylvania
$1.55M +$9.97K +1,300 +0.6%
1
2 3 4 5

BDJ Hedge Fund Activity: Q3 2013 in Review

107 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BlackRock Enhanced Equity Dividend Trust (BDJ) for Q3 2013, worth a combined $247M — up 7.6% from $229M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BDJ positions and 5 closed out — a net gain of 12 holders — while 37 added to existing stakes and 23 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $7M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $3.78M.

  • 107 institutional investors held BlackRock Enhanced Equity Dividend Trust (BDJ) as of Q3 2013, up from 95 in Q2 2013.
  • Funds reported $247M of BlackRock Enhanced Equity Dividend Trust stock for Q3 2013, up 7.6% quarter-over-quarter.
  • 17 funds opened new BlackRock Enhanced Equity Dividend Trust positions in Q3 2013 and 5 closed out, a net change of +12 holders.
  • The largest BlackRock Enhanced Equity Dividend Trust buyer in Q3 2013 was Karpus Investment Management, an estimated $7M added.
  • The largest BlackRock Enhanced Equity Dividend Trust seller in Q3 2013 was Raymond James Financial Services Advisors, an estimated $3.78M sold.

Based on aggregated 13F filings for Q3 2013.