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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.97M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.72M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$641K |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$357K |
| 5 |
SSWM
Sheets Smith Wealth Management
Winston-Salem,
North Carolina
|
+$322K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.67M |
| 2 |
Morgan Stanley
New York
|
-$788K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$556K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$399K |
| 5 |
CCB
Cutter & Co Brokerage
Ballwin,
Missouri
|
-$172K |
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.