BlackRock Multi-Sector Income Trust
BIT
70 hedge funds and large institutions have $87.1M invested in BlackRock Multi-Sector Income Trust in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 33 increasing their positions, 15 reducing their positions, and 14 closing their positions.
120% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 15
8% more capital invested
Capital invested by funds: $80.8M → $87.1M (+$6.23M)
0.63% more ownership
Funds ownership: 15.3% → 15.93% (+0.63%)
15% less funds holding
Funds holding: 82 → 70 (-12)
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.28M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.88M |
| 3 |
RIG
Ramiah Investment Group
Brookfield,
Wisconsin
|
+$1.82M |
| 4 |
CWP
Cyndeo Wealth Partners
St. Petersburg,
Florida
|
+$1.81M |
| 5 |
Morgan Stanley
New York
|
+$570K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$3.65M |
| 2 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
-$764K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$701K |
| 4 |
WANY
Wealthspire Advisors (New York)
New York
|
-$499K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$268K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
76
Virtu Financial
New York
| – | -$171K | -12,028 | Closed |
|
|
EM
77
ELCO Management
New York
| – | -$144K | -10,100 | Closed |
|
|
FFA
78
Founders Financial Alliance
Raleigh,
North Carolina
| – | -$142K | -10,005 | Closed |
|
|
EC
79
Elequin Capital
New York
| – | -$132K | -9,300 | Closed |
|
|
IA
80
IFP Advisors
Tampa,
Florida
| – | -$120K | -7,000 | Closed |
|
|
MCC
81
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$14.2K | -1,000 | Closed |
|
|
FA
82
Fiduciary Alliance
Greenville,
South Carolina
| – | -$5.91K | -416 | Closed |
|
83
BlackRock
New York
| – | -$142 | -10 | Closed |
|
BIT Hedge Fund Activity: Q1 2023 in Review
70 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2023, worth a combined $87.1M — up 7.7% from $80.8M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BIT and 5 opened new positions — a net loss of 9 holders — while 15 trimmed existing stakes and 33 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.28M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $3.65M sold.
- 70 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2023, down from 82 in Q4 2022.
- Funds reported $87.1M of BlackRock Multi-Sector Income Trust stock for Q1 2023, up 7.7% quarter-over-quarter.
- 5 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2023 and 14 closed out, a net change of -9 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q1 2023 was Raymond James Financial Services Advisors, an estimated $2.28M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q1 2023 was Penserra Capital Management, an estimated $3.65M sold.
Based on aggregated 13F filings for Q1 2023.