BlackRock Multi-Sector Income Trust
BIT
24 hedge funds and large institutions have $81.3M invested in BlackRock Multi-Sector Income Trust in 2013 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 9 increasing their positions, 3 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
200% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 3
121% more capital invested
Capital invested by funds: $36.8M → $81.3M (+$44.5M)
50% more funds holding
Funds holding: 16 → 24 (+8)
6.65% more ownership
Funds ownership: 5.71% → 12.36% (+6.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$14M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.01M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$5.39M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$4.4M |
| 5 |
Morgan Stanley
New York
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$620K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$177K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$114K |
| 4 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
-$70K |
| 5 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$23.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
COLIM
26
City of London Investment Management
London,
United Kingdom
| – | -$620K | -35,000 | Closed |
|
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$114K | -6,519 | Closed |
|
|
BIM
28
BlackRock Investment Management
Wilmington,
Delaware
| – | -$70K | -4,000 | Closed |
|
BIT Hedge Fund Activity: Q3 2013 in Review
24 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q3 2013, worth a combined $81.3M — up 121% from $36.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BIT positions and 3 closed out — a net gain of 8 holders — while 9 added to existing stakes and 3 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $14M. The largest seller was City of London Investment Management, exiting entirely with an estimated $620K sold.
- 24 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q3 2013, up from 16 in Q2 2013.
- Funds reported $81.3M of BlackRock Multi-Sector Income Trust stock for Q3 2013, up 121% quarter-over-quarter.
- 11 funds opened new BlackRock Multi-Sector Income Trust positions in Q3 2013 and 3 closed out, a net change of +8 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q3 2013 was Saba Capital Management, an estimated $14M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q3 2013 was City of London Investment Management, an estimated $620K sold.
Based on aggregated 13F filings for Q3 2013.