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BlackRock Multi-Sector Income Trust
BIT

67 hedge funds and large institutions have $200M invested in BlackRock Multi-Sector Income Trust in 2019 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 19

12% more capital invested

Capital invested by funds: $177M → $200M (+$22.1M)

1.29% more ownership

Funds ownership: 30.49% → 31.78% (+1.3%)

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

1% less funds holding

Funds holding: 68 → 67 (-1)

Holders
67
Holders Change
-1
Holders Change %
-1.47%
% of All Funds
1.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
29
Reduced
19
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
+$11.1M
2
VIA
Vident Investment Advisory
Georgia
+$851K
3
Cohen & Steers
Cohen & Steers
New York
+$822K
4
FM
Family Management
New York
+$565K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$487K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$2.04M
2
UBS Group
UBS Group
Switzerland
-$1.92M
3
SCM
Saba Capital Management
New York
-$1.71M
4
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
-$1.21M
5
WAM
Weiss Asset Management
Massachusetts
-$717K
Name Holding Trade Value Shares
Change 		Change in
Stake
AIC
51
Ameritas Investment Company
Nebraska
$119K +$105K +6,378 +818%
EFSCE
52
Enterprise Financial Services Corp (EFSC)
Missouri
$100K +$98.5K +6,000 New
APA
53
American Portfolios Advisors
New York
$91.2K – – –
WCM
54
WealthBridge Capital Management
Ohio
$86K – – –
WOC
55
West Oak Capital
California
$78K +$57.4K +3,500 +292%
WAM
56
Wealthspire Advisors (Maryland)
Maryland
$75K – – –
SFG
57
SevenBridge Financial Group
Pennsylvania
$74K – – –
SWM
58
SeaCrest Wealth Management
New York
$73K – – –
Citigroup
59
Citigroup
New York
$52K +$10.7K +650 +26%
EWM
60
Edge Wealth Management
New York
$32K -$4.76K -290 -13%
LC
61
Lindbrook Capital
California
$28K +$591 +36 +2%
FANJ
62
Financial Architects (New Jersey)
New Jersey
$20K – – –
JCM
63
Jacobi Capital Management
Pennsylvania
$17K +$3.28K +200 +25%
HR
64
Howe & Rusling
New York
$17K +$16.4K +1,000 New
CF
65
Centaurus Financial
California
$16.5K +$328 +20 +8%
KL
66
KWMG LLC
Kansas
$13K – – –
PGAM
67
Princeton Global Asset Management
New Jersey
$12K +$12.2K +746 New
SCM
68
Saba Capital Management
New York
– -$1.71M -111,079 Closed
Carson Wealth (CWM LLC)
69
Carson Wealth (CWM LLC)
Nebraska
– -$1.21M -78,961 Closed
WAM
70
Weiss Asset Management
Massachusetts
– -$717K -46,669 Closed
CRC
71
Curi RMB Capital
Illinois
– -$656K -42,678 Closed
LCM
72
Landscape Capital Management
New Jersey
– -$496K -32,313 Closed
WAM
73
Wolverine Asset Management
Illinois
– -$446K -29,075 Closed
COLIM
74
City of London Investment Management
United Kingdom
– -$433K -28,151 Closed
JP Morgan Chase
75
JP Morgan Chase
New York
– -$75K -4,884 Closed
1 2
3
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BIT Hedge Fund Activity: Q1 2019 in Review

67 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2019, worth a combined $200M — up 12% from $177M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BIT and 10 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 29 added.

The largest buyer was Eaton Vance Management, adding an estimated $11.1M. The largest seller was Parametric Portfolio Associates, cutting an estimated $2.04M.

  • 67 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2019, down from 68 in Q4 2018.
  • Funds reported $200M of BlackRock Multi-Sector Income Trust stock for Q1 2019, up 12% quarter-over-quarter.
  • 10 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2019 and 11 closed out, a net change of -1 holder.
  • The largest BlackRock Multi-Sector Income Trust buyer in Q1 2019 was Eaton Vance Management, an estimated $11.1M added.
  • The largest BlackRock Multi-Sector Income Trust seller in Q1 2019 was Parametric Portfolio Associates, an estimated $2.04M sold.

Based on aggregated 13F filings for Q1 2019.