BlackRock Core Bond Trust
BHK
100 hedge funds and large institutions have $203M invested in BlackRock Core Bond Trust in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 21 increasing their positions, 38 reducing their positions, and 15 closing their positions.
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
1% more funds holding
Funds holding: 99 → 100 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.36% less ownership
Funds ownership: 30.87% → 28.51% (-2.4%)
16% less capital invested
Capital invested by funds: $243M → $203M (-$39.9M)
45% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.26M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.71M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$700K |
| 4 |
Cohen & Steers
New York
|
+$527K |
| 5 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
+$495K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$13M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.05M |
| 3 |
Morgan Stanley
New York
|
-$2.14M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.1M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.48M |
BHK Hedge Fund Activity: Q1 2020 in Review
100 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock Core Bond Trust (BHK) for Q1 2020, worth a combined $203M — down 16% from $243M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BHK positions and 15 closed out — a net gain of 3 holders — while 21 added to existing stakes and 38 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $7.26M. The largest seller was Bank of America, cutting an estimated $13M.
- 100 institutional investors held BlackRock Core Bond Trust (BHK) as of Q1 2020, up from 99 in Q4 2019.
- Funds reported $203M of BlackRock Core Bond Trust stock for Q1 2020, down 16% quarter-over-quarter.
- 18 funds opened new BlackRock Core Bond Trust positions in Q1 2020 and 15 closed out, a net change of +3 holders.
- The largest BlackRock Core Bond Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $7.26M added.
- The largest BlackRock Core Bond Trust seller in Q1 2020 was Bank of America, an estimated $13M sold.
Based on aggregated 13F filings for Q1 2020.