BlackRock Multi-Sector Income Trust
BIT
35 hedge funds and large institutions have $166M invested in BlackRock Multi-Sector Income Trust in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
14% more capital invested
Capital invested by funds: $146M → $166M (+$19.7M)
6% more funds holding
Funds holding: 33 → 35 (+2)
2.11% more ownership
Funds ownership: 22.47% → 24.58% (+2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.03M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$3.02M |
| 3 |
Morgan Stanley
New York
|
+$2.19M |
| 4 |
Barclays
London,
United Kingdom
|
+$1.83M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.26M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.58M |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$1.42M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$810K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$430K |
BIT Hedge Fund Activity: Q1 2014 in Review
35 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2014, worth a combined $166M — up 14% from $146M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BIT positions and 6 closed out — a net gain of 2 holders — while 15 added to existing stakes and 8 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $7.03M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $4.26M sold.
- 35 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2014, up from 33 in Q4 2013.
- Funds reported $166M of BlackRock Multi-Sector Income Trust stock for Q1 2014, up 14% quarter-over-quarter.
- 8 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2014 and 6 closed out, a net change of +2 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q1 2014 was Saba Capital Management, an estimated $7.03M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q1 2014 was Sit Investment Associates, an estimated $4.26M sold.
Based on aggregated 13F filings for Q1 2014.