BlackRock Multi-Sector Income Trust
BIT
65 hedge funds and large institutions have $206M invested in BlackRock Multi-Sector Income Trust in 2017 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
10% more funds holding
Funds holding: 59 → 65 (+6)
0.73% more ownership
Funds ownership: 29.01% → 29.74% (+0.73%)
1% less capital invested
Capital invested by funds: $207M → $206M (-$1.13M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.23M |
| 2 |
Morgan Stanley
New York
|
+$1.66M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$1.02M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$949K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$947K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KLI
Kelman-Lazarov Inc
Memphis,
Tennessee
|
-$3.6M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.21M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.02M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$739K |
| 5 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
-$467K |
BIT Hedge Fund Activity: Q4 2017 in Review
65 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q4 2017, worth a combined $206M — down 0.55% from $207M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BIT positions and 8 closed out — a net gain of 6 holders — while 24 added to existing stakes and 16 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $2.23M. The largest seller was Kelman-Lazarov Inc, exiting entirely with an estimated $3.6M sold.
- 65 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q4 2017, up from 59 in Q3 2017.
- Funds reported $206M of BlackRock Multi-Sector Income Trust stock for Q4 2017, down 0.55% quarter-over-quarter.
- 14 funds opened new BlackRock Multi-Sector Income Trust positions in Q4 2017 and 8 closed out, a net change of +6 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q4 2017 was Shaker Financial Services, an estimated $2.23M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q4 2017 was Kelman-Lazarov Inc, an estimated $3.6M sold.
Based on aggregated 13F filings for Q4 2017.