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BlackRock Core Bond Trust
BHK

47 hedge funds and large institutions have $62.4M invested in BlackRock Core Bond Trust in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

19% more capital invested

Capital invested by funds: $52.3M → $62.4M (+$10.1M)

3.09% more ownership

Funds ownership: 13.41% → 16.5% (+3.1%)

2% more funds holding

Funds holding: 46 → 47 (+1)

0% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 15

Holders
47
Holders Change
+1
Holders Change %
+2.17%
% of All Funds
1.36%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
15
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$8.97M
2
KIM
Karpus Investment Management
New York
+$2.72M
3
Wells Fargo
Wells Fargo
California
+$641K
4
AQR Capital Management
AQR Capital Management
Connecticut
+$357K
5
SSWM
Sheets Smith Wealth Management
North Carolina
+$322K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$1.67M
2
Morgan Stanley
Morgan Stanley
New York
-$788K
3
GC
Guggenheim Capital
Illinois
-$556K
4
DA
Doliver Advisors
Texas
-$399K
5
CCB
Cutter & Co Brokerage
Missouri
-$172K
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
26
Oppenheimer & Co
New York
$180K +$180K +14,000 New
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$160K – – –
HCM
28
Hollencrest Capital Management
California
$157K +$155K +12,122 New
VKH
29
Virtu KCG Holdings
New York
$156K +$156K +12,128 New
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$155K -$78.6K -6,128 -34%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$155K +$321 +25 +0.2%
CAL
32
Capital Advisors Ltd
Ohio
$134K +$133K +10,379 New
WA
33
Winfield Associates
Ohio
$64K +$64.1K +5,000 New
TRCT
34
Tower Research Capital (TRC)
New York
$63K +$61.3K +4,780 +4,780%
US Bancorp
35
US Bancorp
Minnesota
$62K – – –
CP
36
Corbenic Partners
Pennsylvania
$61K – – –
Creative Planning
37
Creative Planning
Kansas
$34K -$75.7K -5,900 -69%
MFS
38
MSI Financial Services
Massachusetts
$25K – – –
Citigroup
39
Citigroup
New York
$24K -$36.3K -2,833 -61%
Bessemer Group
40
Bessemer Group
New Jersey
$22K – – –
First Manhattan
41
First Manhattan
New York
$21K – – –
GGPS
42
Gary Goldberg Planning Services
New York
$18K – – –
FWM
43
Focused Wealth Management
New York
$15K – – –
AAM
44
Advisors Asset Management
Colorado
$14K -$269 -21 -2%
TFA
45
Transamerica Financial Advisors
Florida
$7K -$13K -1,017 -66%
Deutsche Bank
46
Deutsche Bank
Germany
$6K -$6.41K -500 -50%
WA
47
WFG Advisors
Texas
$5K +$90 +7 +2%
WT
48
Whittier Trust
California
$3K – – –
WAM
49
Wolverine Asset Management
Illinois
– -$1.67M -128,349 Closed
DA
50
Doliver Advisors
Texas
– -$399K -30,684 Closed
1
2
3

BHK Hedge Fund Activity: Q4 2013 in Review

47 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in BlackRock Core Bond Trust (BHK) for Q4 2013, worth a combined $62.4M — up 19% from $52.3M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BHK positions and 6 closed out — a net gain of 2 holders — while 15 added to existing stakes and 15 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $8.97M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.67M sold.

  • 47 institutional investors held BlackRock Core Bond Trust (BHK) as of Q4 2013, up from 46 in Q3 2013.
  • Funds reported $62.4M of BlackRock Core Bond Trust stock for Q4 2013, up 19% quarter-over-quarter.
  • 8 funds opened new BlackRock Core Bond Trust positions in Q4 2013 and 6 closed out, a net change of +2 holders.
  • The largest BlackRock Core Bond Trust buyer in Q4 2013 was Saba Capital Management, an estimated $8.97M added.
  • The largest BlackRock Core Bond Trust seller in Q4 2013 was Wolverine Asset Management, an estimated $1.67M sold.

Based on aggregated 13F filings for Q4 2013.