BlackRock Multi-Sector Income Trust
BIT
41 hedge funds and large institutions have $200M invested in BlackRock Multi-Sector Income Trust in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 5 reducing their positions, and 5 closing their positions.
320% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 5
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
8% more capital invested
Capital invested by funds: $185M → $200M (+$14.6M)
8% more funds holding
Funds holding: 38 → 41 (+3)
3.1% more ownership
Funds ownership: 24.58% → 27.68% (+3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$6.37M |
| 2 |
Morgan Stanley
New York
|
+$5.64M |
| 3 |
SCM
Saba Capital Management
New York
|
+$4.56M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$3.38M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$5.56M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.6M |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
-$270K |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$267K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$263K |
BIT Hedge Fund Activity: Q3 2014 in Review
41 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q3 2014, worth a combined $200M — up 7.9% from $185M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BIT positions and 5 closed out — a net gain of 3 holders — while 21 added to existing stakes and 5 trimmed.
The largest buyer was Bessemer Group, opening a new position worth an estimated $6.37M. The largest seller was Bank of America, cutting an estimated $5.56M.
- 41 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q3 2014, up from 38 in Q2 2014.
- Funds reported $200M of BlackRock Multi-Sector Income Trust stock for Q3 2014, up 7.9% quarter-over-quarter.
- 8 funds opened new BlackRock Multi-Sector Income Trust positions in Q3 2014 and 5 closed out, a net change of +3 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q3 2014 was Bessemer Group, an estimated $6.37M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q3 2014 was Bank of America, an estimated $5.56M sold.
Based on aggregated 13F filings for Q3 2014.