BlackRock Enhanced International Dividend Trust
BGY
74 hedge funds and large institutions have $229M invested in BlackRock Enhanced International Dividend Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 27 increasing their positions, 21 reducing their positions, and 10 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 21
2.2% less ownership
Funds ownership: 27.49% → 25.29% (-2.2%)
6% less capital invested
Capital invested by funds: $244M → $229M (-$14.8M)
6% less funds holding
Funds holding: 79 → 74 (-5)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$23M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$7.93M |
| 3 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
+$1.24M |
| 4 |
Barclays
London,
United Kingdom
|
+$249K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$238K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$15.5M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$13.6M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$6.69M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$5.14M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
1832 Asset Management
Toronto,
Ontario, Canada
| – | -$5.14M | -640,000 | Closed |
|
|
RCM
77
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$3.6M | -446,005 | Closed |
|
|
TJHA
78
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$691K | -85,700 | Closed |
|
|
DA
79
Doliver Advisors
Houston,
Texas
| – | -$181K | -22,512 | Closed |
|
|
LCM
80
Landscape Capital Management
Englewood,
New Jersey
| – | -$146K | -18,067 | Closed |
|
81
Envestnet Asset Management
Chicago,
Illinois
| – | -$61K | -7,608 | Closed |
|
|
1IC
82
1919 Investment Counsel
Baltimore,
Maryland
| – | -$25K | -2,999 | Closed |
|
|
BIM
83
BlackRock Investment Management
Wilmington,
Delaware
| – | -$6K | -710 | Closed |
|
84
US Bancorp
Minneapolis,
Minnesota
| – | -$3K | -400 | Closed |
|
BGY Hedge Fund Activity: Q2 2014 in Review
74 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in BlackRock Enhanced International Dividend Trust (BGY) for Q2 2014, worth a combined $229M — down 6.1% from $244M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BGY and 5 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 27 added.
The largest buyer was Morgan Stanley, adding an estimated $23M. The largest seller was Wells Fargo, cutting an estimated $15.5M.
- 74 institutional investors held BlackRock Enhanced International Dividend Trust (BGY) as of Q2 2014, down from 79 in Q1 2014.
- Funds reported $229M of BlackRock Enhanced International Dividend Trust stock for Q2 2014, down 6.1% quarter-over-quarter.
- 5 funds opened new BlackRock Enhanced International Dividend Trust positions in Q2 2014 and 10 closed out, a net change of -5 holders.
- The largest BlackRock Enhanced International Dividend Trust buyer in Q2 2014 was Morgan Stanley, an estimated $23M added.
- The largest BlackRock Enhanced International Dividend Trust seller in Q2 2014 was Wells Fargo, an estimated $15.5M sold.
Based on aggregated 13F filings for Q2 2014.