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BlackRock Core Bond Trust
BHK

46 hedge funds and large institutions have $52.3M invested in BlackRock Core Bond Trust in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more capital invested

Capital invested by funds: $45.6M → $52.3M (+$6.71M)

2.11% more ownership

Funds ownership: 11.3% → 13.41% (+2.1%)

0% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 16

6% less funds holding

Funds holding: 49 → 46 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
46
Holders Change
-3
Holders Change %
-6.12%
% of All Funds
1.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
16
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$4.34M
2
SCM
Saba Capital Management
New York
+$4.28M
3
Wells Fargo
Wells Fargo
California
+$1.36M
4
U
UBS
Switzerland
+$976K
5
AQR Capital Management
AQR Capital Management
Connecticut
+$922K

Top Sellers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
-$1.6M
2
1CP
1607 Capital Partners
Virginia
-$897K
3
GC
Guggenheim Capital
Illinois
-$720K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$662K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$605K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCB
26
Cutter & Co Brokerage
Missouri
$172K +$168K +13,256 New
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$162K – – –
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$156K -$10.2K -800 -6%
SSWM
29
Sheets Smith Wealth Management
North Carolina
$143K +$178 +14 +0.1%
Creative Planning
30
Creative Planning
Kansas
$111K +$95.3K +7,500 +746%
US Bancorp
31
US Bancorp
Minnesota
$63K +$3.43K +270 +6%
CP
32
Corbenic Partners
Pennsylvania
$62K – – –
Citigroup
33
Citigroup
New York
$61K +$8.48K +667 +17%
RIA
34
Regal Investment Advisors
Michigan
$47K – – –
MFS
35
MSI Financial Services
Massachusetts
$25K -$9.2K -724 -27%
Bessemer Group
36
Bessemer Group
New Jersey
$22K – – –
First Manhattan
37
First Manhattan
New York
$21K – – –
TFA
38
Transamerica Financial Advisors
Florida
$20K +$9.16K +721 +88%
GGPS
39
Gary Goldberg Planning Services
New York
$18K – – –
FWM
40
Focused Wealth Management
New York
$16K +$15.3K +1,200 New
AAM
41
Advisors Asset Management
Colorado
$15K -$674 -53 -5%
HNB
42
Huntington National Bank
Ohio
$13K – – –
Deutsche Bank
43
Deutsche Bank
Germany
$12K +$6.36K +500 +100%
WTC
44
WhitTier Trust Company
Nevada
$7K – – –
WA
45
WFG Advisors
Texas
$5K +$89 +7 +2%
WF
46
WealthTrust Fairport
Ohio
$4K – – –
WT
47
Whittier Trust
California
$3K – – –
TRCT
48
Tower Research Capital (TRC)
New York
$1K -$18.3K -1,442 -94%
SFS
49
Shaker Financial Services
Virginia
– -$1.6M -121,708 Closed
1CP
50
1607 Capital Partners
Virginia
– -$897K -68,268 Closed
1
2
3

BHK Hedge Fund Activity: Q3 2013 in Review

46 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in BlackRock Core Bond Trust (BHK) for Q3 2013, worth a combined $52.3M — up 15% from $45.6M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BHK and 5 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 16 added.

The largest buyer was Karpus Investment Management, adding an estimated $4.34M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $1.6M sold.

  • 46 institutional investors held BlackRock Core Bond Trust (BHK) as of Q3 2013, down from 49 in Q2 2013.
  • Funds reported $52.3M of BlackRock Core Bond Trust stock for Q3 2013, up 15% quarter-over-quarter.
  • 5 funds opened new BlackRock Core Bond Trust positions in Q3 2013 and 8 closed out, a net change of -3 holders.
  • The largest BlackRock Core Bond Trust buyer in Q3 2013 was Karpus Investment Management, an estimated $4.34M added.
  • The largest BlackRock Core Bond Trust seller in Q3 2013 was Shaker Financial Services, an estimated $1.6M sold.

Based on aggregated 13F filings for Q3 2013.