BlackRock Multi-Sector Income Trust
BIT
58 hedge funds and large institutions have $182M invested in BlackRock Multi-Sector Income Trust in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
4% more funds holding
Funds holding: 56 → 58 (+2)
0% less capital invested
Capital invested by funds: $183M → $182M (-$568K)
0.96% less ownership
Funds ownership: 28.77% → 27.81% (-0.96%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$3.51M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$2.31M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.49M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$975K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$757K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.65M |
| 2 |
SCM
Saba Capital Management
New York
|
-$5.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.65M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.87M |
| 5 |
RVPG
Relative Value Partners Group
|
-$960K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FANJ
51
Financial Architects (New Jersey)
Marlton,
New Jersey
| $21K | – | – | – |
|
52
Bank of Montreal
Toronto,
Ontario, Canada
| $21K | +$21.3K | +1,250 | New |
|
|
PCM
53
Penserra Capital Management
Orinda,
California
| $9K | +$2.38K | +140 | +34% |
|
|
WP
54
WealthPLAN Partners
Omaha,
Nebraska
| $6.11K | – | – | – |
|
|
WOC
55
West Oak Capital
Westlake Village,
California
| $3.41K | – | – | – |
|
|
WAM
56
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $2K | -$1.65K | -97 | -42% |
|
57
SEI Investments
Oaks,
Pennsylvania
| $1K | +$867 | +51 | New |
|
|
CHP
58
Cable Hill Partners
Portland,
Oregon
| $1K | +$952 | +56 | New |
|
|
59
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$5.65M | -341,260 | Closed |
|
|
LAM
60
Lebenthal Asset Management
New York
| – | -$329K | -19,900 | Closed |
|
61
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$19K | -1,175 | Closed |
|
|
CP
62
Corbenic Partners
Bethlehem,
Pennsylvania
| – | -$15K | -914 | Closed |
|
BIT Hedge Fund Activity: Q3 2016 in Review
58 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q3 2016, worth a combined $182M — down 0.31% from $183M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BIT positions and 4 closed out — a net gain of 4 holders — while 21 added to existing stakes and 18 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $3.51M. The largest seller was Deutsche Bank, exiting entirely with an estimated $5.65M sold.
- 58 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q3 2016, up from 56 in Q2 2016.
- Funds reported $182M of BlackRock Multi-Sector Income Trust stock for Q3 2016, down 0.31% quarter-over-quarter.
- 8 funds opened new BlackRock Multi-Sector Income Trust positions in Q3 2016 and 4 closed out, a net change of +4 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q3 2016 was Raymond James & Associates, an estimated $3.51M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q3 2016 was Deutsche Bank, an estimated $5.65M sold.
Based on aggregated 13F filings for Q3 2016.