BlackRock Core Bond Trust
BHK
80 hedge funds and large institutions have $238M invested in BlackRock Core Bond Trust in 2016 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 25 increasing their positions, 25 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
11% more funds holding
Funds holding: 72 → 80 (+8)
6% more capital invested
Capital invested by funds: $225M → $238M (+$13.2M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 25
0.03% less ownership
Funds ownership: 32.95% → 32.92% (-0.03%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
First Foundation Advisors
Irvine,
California
|
+$3.7M |
| 2 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$2.76M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.97M |
| 4 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
+$1.61M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.06M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.63M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.62M |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$1.6M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$1.57M |
BHK Hedge Fund Activity: Q1 2016 in Review
80 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in BlackRock Core Bond Trust (BHK) for Q1 2016, worth a combined $238M — up 5.9% from $225M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BHK positions and 8 closed out — a net gain of 9 holders — while 25 added to existing stakes and 25 trimmed.
The largest buyer was First Foundation Advisors, opening a new position worth an estimated $3.7M. The largest seller was Karpus Investment Management, cutting an estimated $8.06M.
- 80 institutional investors held BlackRock Core Bond Trust (BHK) as of Q1 2016, up from 72 in Q4 2015.
- Funds reported $238M of BlackRock Core Bond Trust stock for Q1 2016, up 5.9% quarter-over-quarter.
- 17 funds opened new BlackRock Core Bond Trust positions in Q1 2016 and 8 closed out, a net change of +9 holders.
- The largest BlackRock Core Bond Trust buyer in Q1 2016 was First Foundation Advisors, an estimated $3.7M added.
- The largest BlackRock Core Bond Trust seller in Q1 2016 was Karpus Investment Management, an estimated $8.06M sold.
Based on aggregated 13F filings for Q1 2016.