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BlackRock Multi-Sector Income Trust
BIT

56 hedge funds and large institutions have $183M invested in BlackRock Multi-Sector Income Trust in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 12

2% less funds holding

Funds holding: 57 → 56 (-1)

4.63% less ownership

Funds ownership: 33.39% → 28.77% (-4.6%)

8% less capital invested

Capital invested by funds: $200M → $183M (-$16.8M)

30% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 23

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
56
Holders Change
-1
Holders Change %
-1.75%
% of All Funds
1.49%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
11
Increased
16
Reduced
23
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$2.92M
2
FFA
First Foundation Advisors
California
+$1.11M
3
Bank of America
Bank of America
North Carolina
+$931K
4
LCM
Laurion Capital Management
New York
+$777K
5
EGA
E&G Advisors
Texas
+$617K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$9.35M
2
PPA
Parametric Portfolio Associates
Washington
-$6.67M
3
COLIM
City of London Investment Management
United Kingdom
-$3.53M
4
MIG
Mariner Investment Group
New York
-$2.23M
5
RCM
Rivernorth Capital Management
Florida
-$2.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$930K -$16.4K -1,010 -2%
LCM
27
Laurion Capital Management
New York
$790K +$777K +47,748 New
First Trust Advisors
28
First Trust Advisors
Illinois
$725K -$10.5K -645 -1%
EGA
29
E&G Advisors
Texas
$627K +$617K +37,900 New
MFS
30
MSI Financial Services
Massachusetts
$567K +$253K +15,537 +83%
JIP
31
Jaffetilchin Investment Partners
Florida
$468K +$9.69K +595 +2%
ICAS
32
Investors Capital Advisory Services
Massachusetts
$465K +$16.3K +1,000 +4%
CIA
33
Capital Investment Advisors
Georgia
$399K -$284K -17,438 -42%
BTS
34
BB&T Securities
Virginia
$333K +$16.3K +1,000 +5%
LAM
35
Lebenthal Asset Management
New York
$329K +$324K +19,900 New
LH
36
Lebenthal Holdings
New York
$329K +$324K +19,900 New
ACP
37
Aviance Capital Partners
Florida
$325K +$69.6K +4,275 +28%
CAN
38
Cetera Advisor Networks
California
$323K -$50.2K -3,085 -14%
MIG
39
Mariner Investment Group
New York
$288K -$2.23M -137,000 -89%
TJHA
40
Thomas J. Herzfeld Advisors
Florida
$277K -$18.7K -1,150 -6%
OC
41
Oppenheimer & Co
New York
$257K -$16.4K -1,007 -6%
CRC
42
Curi RMB Capital
Illinois
$213K -$309K -18,991 -60%
ICOA
43
Investment Centers of America
North Dakota
$195K -$3.99K -245 -2%
BW
44
Bison Wealth
Georgia
$190K +$2.52K +155 +1%
DADC
45
D.A. Davidson & Co
Montana
$80K – – –
LTFS
46
Ladenburg Thalmann Financial Services
Florida
$76K -$14K -862 -16%
Envestnet Asset Management
47
Envestnet Asset Management
Illinois
$68K +$20.3K +1,250 +43%
AG
48
Advisor Group
Arizona
$33K +$32.7K +2,008 New
FANJ
49
Financial Architects (New Jersey)
New Jersey
$20K – – –
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$19K +$19.1K +1,175 New
1
2
3

BIT Hedge Fund Activity: Q2 2016 in Review

56 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q2 2016, worth a combined $183M — down 8.4% from $200M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BIT and 11 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 16 added.

The largest buyer was UBS Group, adding an estimated $2.92M. The largest seller was Saba Capital Management, cutting an estimated $9.35M.

  • 56 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q2 2016, down from 57 in Q1 2016.
  • Funds reported $183M of BlackRock Multi-Sector Income Trust stock for Q2 2016, down 8.4% quarter-over-quarter.
  • 11 funds opened new BlackRock Multi-Sector Income Trust positions in Q2 2016 and 12 closed out, a net change of -1 holder.
  • The largest BlackRock Multi-Sector Income Trust buyer in Q2 2016 was UBS Group, an estimated $2.92M added.
  • The largest BlackRock Multi-Sector Income Trust seller in Q2 2016 was Saba Capital Management, an estimated $9.35M sold.

Based on aggregated 13F filings for Q2 2016.