BlackRock Multi-Sector Income Trust
BIT
33 hedge funds and large institutions have $146M invested in BlackRock Multi-Sector Income Trust in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
133% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 6
79% more capital invested
Capital invested by funds: $81.3M → $146M (+$64.6M)
38% more funds holding
Funds holding: 24 → 33 (+9)
10.11% more ownership
Funds ownership: 12.36% → 22.47% (+10%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$14.3M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$6.48M |
| 3 |
Morgan Stanley
New York
|
+$5.97M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.88M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$4.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$570K |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$193K |
| 3 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$163K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$81.2K |
| 5 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$74K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WS
26
Wedbush Securities
Los Angeles,
California
| $282K | -$1.43K | -85 | -0.5% |
|
|
CAN
27
Cetera Advisor Networks
El Segundo,
California
| $244K | +$238K | +14,200 | New |
|
28
Envestnet Asset Management
Chicago,
Illinois
| $219K | +$131K | +7,800 | +156% |
|
|
KIM
29
Karpus Investment Management
Pittsford,
New York
| $218K | -$41.9K | -2,500 | -16% |
|
30
Cambridge Investment Research Advisors
Fairfield,
Iowa
| $205K | +$201K | +11,973 | New |
|
|
LTFS
31
Ladenburg Thalmann Financial Services
Miami,
Florida
| $165K | -$81.2K | -4,842 | -33% |
|
|
32
Citigroup
New York
| $163K | -$570K | -33,995 | -78% |
|
|
SF
33
Synovus Financial
Columbus,
Georgia
| $31K | +$6.71K | +400 | +29% |
|
|
MA
34
MUFG Americas
New York
| $1K | +$553 | +33 | New |
|
|
35
Nomura Holdings
Tokyo,
Japan
| – | -$193K | -11,635 | Closed |
|
|
PFO
36
Pathstone Family Office
Englewood,
New Jersey
| – | -$74K | -4,444 | Closed |
|
37
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$53K | -3,200 | Closed |
|
38
Ameriprise
Minneapolis,
Minnesota
| – | -$3K | -197 | Closed |
|
BIT Hedge Fund Activity: Q4 2013 in Review
33 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q4 2013, worth a combined $146M — up 79% from $81.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BIT positions and 4 closed out — a net gain of 9 holders — while 14 added to existing stakes and 6 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $14.3M. The largest seller was Citigroup, cutting an estimated $570K.
- 33 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q4 2013, up from 24 in Q3 2013.
- Funds reported $146M of BlackRock Multi-Sector Income Trust stock for Q4 2013, up 79% quarter-over-quarter.
- 13 funds opened new BlackRock Multi-Sector Income Trust positions in Q4 2013 and 4 closed out, a net change of +9 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q4 2013 was Saba Capital Management, an estimated $14.3M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q4 2013 was Citigroup, an estimated $570K sold.
Based on aggregated 13F filings for Q4 2013.