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BlackRock Multi-Sector Income Trust
BIT

75 hedge funds and large institutions have $115M invested in BlackRock Multi-Sector Income Trust in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 31 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 16

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

10% more funds holding

Funds holding: 68 → 75 (+7)

4.86% more ownership

Funds ownership: 26.51% → 31.37% (+4.9%)

28% less capital invested

Capital invested by funds: $161M → $115M (-$45.8M)

Holders
75
Holders Change
+7
Holders Change %
+10.29%
% of All Funds
1.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
31
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$12.4M
2
Goldman Sachs
Goldman Sachs
New York
+$1.88M
3
PPA
Parametric Portfolio Associates
Washington
+$1.82M
4
Cohen & Steers
Cohen & Steers
New York
+$1.32M
5
Invesco
Invesco
Georgia
+$1.28M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$21.8M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$2.96M
3
RCM
Rivernorth Capital Management
Florida
-$2.64M
4
Bank of America
Bank of America
North Carolina
-$2.32M
5
Wells Fargo
Wells Fargo
California
-$2.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
51
Moors & Cabot
Massachusetts
$172K +$216K +14,318 New
KA
52
Kovack Advisors
Florida
$158K +$197K +13,057 New
CBA
53
Coastal Bridge Advisors
Connecticut
$151K +$189K +12,494 New
SCA
54
SMH Capital Advisors
Texas
$147K +$15K +995 +9%
XSC
55
X-Square Capital
Puerto Rico
$121K – – –
EFSCE
56
Enterprise Financial Services Corp (EFSC)
Missouri
$109K +$45.3K +3,000 +50%
SF
57
Synovus Financial
Georgia
$95K +$118K +7,808 New
SPIA
58
Steward Partners Investment Advisory
New York
$82K +$12.8K +850 +14%
WOC
59
West Oak Capital
California
$76K – – –
SWM
60
Sugarloaf Wealth Management
Georgia
$56K +$14.3K +943 +25%
EWM
61
Edge Wealth Management
New York
$47K +$30.2K +2,000 +105%
Citigroup
62
Citigroup
New York
$40K – – –
EIP
63
Ellis Investment Partners
Pennsylvania
$34K +$907 +60 +2%
APA
64
American Portfolios Advisors
New York
$26.6K – – –
LC
65
Lindbrook Capital
California
$22K +$710 +47 +3%
VRM
66
Vectors Research Management
New York
$22K +$27.2K +1,800 New
Rockefeller Capital Management
67
Rockefeller Capital Management
New York
$19K +$17.2K +1,135 +284%
NFG
68
Next Financial Group
Texas
$17K – – –
FANJ
69
Financial Architects (New Jersey)
New Jersey
$15K – – –
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
$14K -$477K -31,570 -96%
AIC
71
Ameritas Investment Company
Nebraska
$13K +$16.1K +1,066 New
JCM
72
Jacobi Capital Management
Pennsylvania
$12K – – –
MWM
73
MBE Wealth Management
Wisconsin
$10K +$13.3K +882 New
PGAM
74
Princeton Global Asset Management
New Jersey
$9K – – –
PNC Financial Services Group
75
PNC Financial Services Group
Pennsylvania
$6K +$7.56K +500 New
1 2
3
4

BIT Hedge Fund Activity: Q1 2020 in Review

75 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2020, worth a combined $115M — down 28% from $161M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BIT positions and 10 closed out — a net gain of 9 holders — while 31 added to existing stakes and 16 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $12.4M. The largest seller was UBS Group, cutting an estimated $21.8M.

  • 75 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2020, up from 68 in Q4 2019.
  • Funds reported $115M of BlackRock Multi-Sector Income Trust stock for Q1 2020, down 28% quarter-over-quarter.
  • 19 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2020 and 10 closed out, a net change of +9 holders.
  • The largest BlackRock Multi-Sector Income Trust buyer in Q1 2020 was Saba Capital Management, an estimated $12.4M added.
  • The largest BlackRock Multi-Sector Income Trust seller in Q1 2020 was UBS Group, an estimated $21.8M sold.

Based on aggregated 13F filings for Q1 2020.