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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$12.4M |
| 2 |
Goldman Sachs
New York
|
+$1.88M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.82M |
| 4 |
Cohen & Steers
New York
|
+$1.32M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$21.8M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.96M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.64M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.32M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.32M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$2.96M | -183,000 | Closed |
|
|
FM
77
Family Management
New York
| – | -$624K | -38,640 | Closed |
|
|
AA
78
Apriem Advisors
Irvine,
California
| – | -$608K | -37,650 | Closed |
|
|
OC
79
Oppenheimer & Co
New York
| – | -$285K | -17,618 | Closed |
|
|
FAAS
80
First Allied Advisory Services
San Diego,
California
| – | -$213K | -13,129 | Closed |
|
|
BFM
81
Boothbay Fund Management
New York
| – | -$178K | -11,000 | Closed |
|
|
DAS
82
Dynamic Advisor Solutions
Phoenix,
Arizona
| – | -$164K | -10,153 | Closed |
|
|
FIA
83
FNY Investment Advisers
New York
| – | -$62K | -3,865 | Closed |
|
|
AA
84
Argent Advisors
Monroe,
Louisiana
| – | -$40K | -2,500 | Closed |
|
|
RBC
85
Roble Belko & Company
Sewickley,
Pennsylvania
| – | -$14K | -852 | Closed |
|
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.