BlackRock Enhanced Equity Dividend Trust
BDJ
106 hedge funds and large institutions have $293M invested in BlackRock Enhanced Equity Dividend Trust in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 8 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
48% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 27
19% more capital invested
Capital invested by funds: $247M → $293M (+$46.5M)
2.3% more ownership
Funds ownership: 18.27% → 20.57% (+2.3%)
1% less funds holding
Funds holding: 107 → 106 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$23.7M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$6.75M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.35M |
| 4 |
SG Americas Securities
New York
|
+$1.92M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$4.68M |
| 2 |
Morgan Stanley
New York
|
-$4.67M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.6M |
| 4 |
ZCA
Zeke Capital Advisors
Berwyn,
Pennsylvania
|
-$1.64M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.29M |
BDJ Hedge Fund Activity: Q4 2013 in Review
106 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock Enhanced Equity Dividend Trust (BDJ) for Q4 2013, worth a combined $293M — up 19% from $247M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BDJ positions and 8 closed out — a net gain of 4 holders — while 40 added to existing stakes and 27 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $23.7M. The largest seller was Advisors Asset Management, cutting an estimated $4.68M.
- 106 institutional investors held BlackRock Enhanced Equity Dividend Trust (BDJ) as of Q4 2013, down from 107 in Q3 2013.
- Funds reported $293M of BlackRock Enhanced Equity Dividend Trust stock for Q4 2013, up 19% quarter-over-quarter.
- 12 funds opened new BlackRock Enhanced Equity Dividend Trust positions in Q4 2013 and 8 closed out, a net change of +4 holders.
- The largest BlackRock Enhanced Equity Dividend Trust buyer in Q4 2013 was Karpus Investment Management, an estimated $23.7M added.
- The largest BlackRock Enhanced Equity Dividend Trust seller in Q4 2013 was Advisors Asset Management, an estimated $4.68M sold.
Based on aggregated 13F filings for Q4 2013.