BlackRock Enhanced Equity Dividend Trust
127 hedge funds and large institutions have $333M invested in BlackRock Enhanced Equity Dividend Trust in 2016 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 31 reducing their positions, and 16 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 31
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
3% more capital invested
Capital invested by funds: $324M → $333M (+$8.83M)
0.27% more ownership
Funds ownership: 22.54% → 22.81% (+0.27%)
0% more funds holding
Funds holding: 127 → 127 (0)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.5M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$2.64M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.51M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$2.31M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.6M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.09M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.02M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.93M |
| 5 |
Squarepoint
New York
|
-$1.14M |
BDJ Hedge Fund Activity: Q1 2016 in Review
127 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in BlackRock Enhanced Equity Dividend Trust (BDJ) for Q1 2016, worth a combined $333M — up 2.7% from $324M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BDJ positions and 16 closed out — a net gain of 1 holder — while 44 added to existing stakes and 31 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.5M. The largest seller was City of London Investment Management, exiting entirely with an estimated $4.6M sold.
- 127 institutional investors held BlackRock Enhanced Equity Dividend Trust (BDJ) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $333M of BlackRock Enhanced Equity Dividend Trust stock for Q1 2016, up 2.7% quarter-over-quarter.
- 17 funds opened new BlackRock Enhanced Equity Dividend Trust positions in Q1 2016 and 16 closed out, a net change of +1 holder.
- The largest BlackRock Enhanced Equity Dividend Trust buyer in Q1 2016 was Morgan Stanley, an estimated $5.5M added.
- The largest BlackRock Enhanced Equity Dividend Trust seller in Q1 2016 was City of London Investment Management, an estimated $4.6M sold.
Based on aggregated 13F filings for Q1 2016.