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BlackRock Multi-Sector Income Trust
BIT

59 hedge funds and large institutions have $184M invested in BlackRock Multi-Sector Income Trust in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

3% more capital invested

Capital invested by funds: $179M → $184M (+$5.16M)

0.62% less ownership

Funds ownership: 28.35% → 27.73% (-0.62%)

5% less funds holding

Funds holding: 62 → 59 (-3)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

Holders
59
Holders Change
-3
Holders Change %
-4.84%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
19
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$13.5M
2
VIA
Vident Investment Advisory
Georgia
+$3.91M
3
Ameriprise
Ameriprise
Minnesota
+$1.68M
4
AGA
Accuvest Global Advisors
Utah
+$1.43M
5
MML Investors Services
MML Investors Services
Massachusetts
+$1.12M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$7.29M
2
SCM
Saba Capital Management
New York
-$6.6M
3
RJA
Raymond James & Associates
Florida
-$3.17M
4
Millennium Management
Millennium Management
New York
-$1.83M
5
Citigroup
Citigroup
New York
-$1.67M
Name Holding Trade Value Shares
Change 		Change in
Stake
YMRC
26
Yorktown Management & Research Company
Virginia
$779K – – –
EWM
27
Edge Wealth Management
New York
$747K -$316K -18,417 -30%
Stifel Financial
28
Stifel Financial
Missouri
$635K -$24.3K -1,415 -4%
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$559K +$189K +11,046 +52%
PVWM
30
Point View Wealth Management
New Jersey
$556K – – –
OFG
31
OTA Financial Group
New York
$554K +$549K +32,026 New
ACP
32
Aviance Capital Partners
Florida
$509K +$170K +9,917 +51%
CBA
33
Coastal Bridge Advisors
Connecticut
$444K +$199K +11,602 +82%
MIG
34
Mariner Investment Group
New York
$373K – – –
BTS
35
BB&T Securities
Virginia
$363K +$15.2K +886 +4%
CAN
36
Cetera Advisor Networks
California
$341K +$2.42K +141 +0.7%
SCM
37
Saba Capital Management
New York
$313K -$6.6M -384,931 -96%
JMPWA
38
JP Morgan Private Wealth Advisors
California
$261K – – –
TJHA
39
Thomas J. Herzfeld Advisors
Florida
$250K – – –
FG
40
Fiduciary Group
Georgia
$202K – – –
RVPG
41
Relative Value Partners Group
$189K -$342K -19,944 -65%
CIA
42
Capital Investment Advisors
Georgia
$182K -$9.78K -570 -5%
DADC
43
D.A. Davidson & Co
Montana
$162K – – –
IA
44
IFP Advisors
Florida
$128K +$24.3K +1,415 +24%
AG
45
Advisor Group
Arizona
$91K – – –
PB
46
Pinnacle Bancorp
Nebraska
$89K +$88.3K +5,150 New
PFO
47
Pathstone Family Office
New Jersey
$66K +$65.9K +3,841 New
JP Morgan Chase
48
JP Morgan Chase
New York
$57K +$56.5K +3,294 +54,900%
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$49K – – –
Citigroup
50
Citigroup
New York
$47K -$1.67M -97,529 -97%
1
2
3

BIT Hedge Fund Activity: Q1 2017 in Review

59 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2017, worth a combined $184M — up 2.9% from $179M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BIT and 8 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 19 added.

The largest buyer was UBS Group, adding an estimated $13.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $7.29M.

  • 59 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2017, down from 62 in Q4 2016.
  • Funds reported $184M of BlackRock Multi-Sector Income Trust stock for Q1 2017, up 2.9% quarter-over-quarter.
  • 8 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2017 and 10 closed out, a net change of -2 holders.
  • The largest BlackRock Multi-Sector Income Trust buyer in Q1 2017 was UBS Group, an estimated $13.5M added.
  • The largest BlackRock Multi-Sector Income Trust seller in Q1 2017 was Rivernorth Capital Management, an estimated $7.29M sold.

Based on aggregated 13F filings for Q1 2017.