BlackRock Multi-Sector Income Trust
BIT
65 hedge funds and large institutions have $186M invested in BlackRock Multi-Sector Income Trust in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 13 closing their positions.
4% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 24
1.7% less ownership
Funds ownership: 32.3% → 30.6% (-1.7%)
7% less capital invested
Capital invested by funds: $199M → $186M (-$13.3M)
11% less funds holding
Funds holding: 73 → 65 (-8)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$815K |
| 2 |
Cohen & Steers
New York
|
+$740K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$740K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$727K |
| 5 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$529K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$4.38M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.31M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.11M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.87M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
JP Morgan Chase
New York
| – | -$3K | -195 | Closed |
|
|
CTC
77
Central Trust Company
Jefferson City,
Missouri
| – | -$3K | -150 | Closed |
|
BIT Hedge Fund Activity: Q3 2019 in Review
65 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q3 2019, worth a combined $186M — down 6.7% from $199M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BIT and 5 opened new positions — a net loss of 8 holders — while 24 trimmed existing stakes and 23 added.
The largest buyer was Wells Fargo, adding an estimated $815K. The largest seller was Eaton Vance Management, cutting an estimated $4.38M.
- 65 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q3 2019, down from 73 in Q2 2019.
- Funds reported $186M of BlackRock Multi-Sector Income Trust stock for Q3 2019, down 6.7% quarter-over-quarter.
- 5 funds opened new BlackRock Multi-Sector Income Trust positions in Q3 2019 and 13 closed out, a net change of -8 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q3 2019 was Wells Fargo, an estimated $815K added.
- The largest BlackRock Multi-Sector Income Trust seller in Q3 2019 was Eaton Vance Management, an estimated $4.38M sold.
Based on aggregated 13F filings for Q3 2019.