BlackRock Core Bond Trust
BHK
71 hedge funds and large institutions have $218M invested in BlackRock Core Bond Trust in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 11 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 16
10% more capital invested
Capital invested by funds: $198M → $218M (+$20M)
1.09% more ownership
Funds ownership: 27.02% → 28.1% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 76 → 71 (-5)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.57M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.85M |
| 3 |
Morgan Stanley
New York
|
+$1.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.84M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$5.85M |
| 2 |
SCM
Saba Capital Management
New York
|
-$3.97M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.27M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.17M |
| 5 |
SG Americas Securities
New York
|
-$464K |
BHK Hedge Fund Activity: Q1 2015 in Review
71 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in BlackRock Core Bond Trust (BHK) for Q1 2015, worth a combined $218M — up 10% from $198M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BHK and 8 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 22 added.
The largest buyer was UBS Group, adding an estimated $3.57M. The largest seller was AQR Capital Management, exiting entirely with an estimated $5.85M sold.
- 71 institutional investors held BlackRock Core Bond Trust (BHK) as of Q1 2015, down from 76 in Q4 2014.
- Funds reported $218M of BlackRock Core Bond Trust stock for Q1 2015, up 10% quarter-over-quarter.
- 8 funds opened new BlackRock Core Bond Trust positions in Q1 2015 and 11 closed out, a net change of -3 holders.
- The largest BlackRock Core Bond Trust buyer in Q1 2015 was UBS Group, an estimated $3.57M added.
- The largest BlackRock Core Bond Trust seller in Q1 2015 was AQR Capital Management, an estimated $5.85M sold.
Based on aggregated 13F filings for Q1 2015.