BlackRock Core Bond Trust
BHK
76 hedge funds and large institutions have $198M invested in BlackRock Core Bond Trust in 2014 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 30 increasing their positions, 10 reducing their positions, and 5 closing their positions.
480% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 5
200% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 10
164% more capital invested
Capital invested by funds: $74.9M → $198M (+$123M)
43% more funds holding
Funds holding: 53 → 76 (+23)
7.29% more ownership
Funds ownership: 19.73% → 27.02% (+7.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$25.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$24.5M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$17.4M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$13.2M |
| 5 |
Morgan Stanley
New York
|
+$6.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.45M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$311K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$203K |
| 4 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
-$192K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$50K |
BHK Hedge Fund Activity: Q4 2014 in Review
76 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in BlackRock Core Bond Trust (BHK) for Q4 2014, worth a combined $198M — up 164% from $74.9M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new BHK positions and 5 closed out — a net gain of 24 holders — while 30 added to existing stakes and 10 trimmed.
The largest buyer was Wells Fargo, adding an estimated $25.4M. The largest seller was Saba Capital Management, cutting an estimated $4.45M.
- 76 institutional investors held BlackRock Core Bond Trust (BHK) as of Q4 2014, up from 53 in Q3 2014.
- Funds reported $198M of BlackRock Core Bond Trust stock for Q4 2014, up 164% quarter-over-quarter.
- 29 funds opened new BlackRock Core Bond Trust positions in Q4 2014 and 5 closed out, a net change of +24 holders.
- The largest BlackRock Core Bond Trust buyer in Q4 2014 was Wells Fargo, an estimated $25.4M added.
- The largest BlackRock Core Bond Trust seller in Q4 2014 was Saba Capital Management, an estimated $4.45M sold.
Based on aggregated 13F filings for Q4 2014.