BlackRock Multi-Sector Income Trust
BIT
38 hedge funds and large institutions have $185M invested in BlackRock Multi-Sector Income Trust in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
12% more capital invested
Capital invested by funds: $166M → $185M (+$19.3M)
9% more funds holding
Funds holding: 35 → 38 (+3)
0% more ownership
Funds ownership: 24.58% → 24.58% (+0%)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$8.94M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$4.23M |
| 3 |
Morgan Stanley
New York
|
+$1.11M |
| 4 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
+$1.1M |
| 5 |
SCM
Saba Capital Management
New York
|
+$790K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.77M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.59M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$954K |
| 4 |
SG Americas Securities
New York
|
-$901K |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$594K |
BIT Hedge Fund Activity: Q2 2014 in Review
38 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q2 2014, worth a combined $185M — up 12% from $166M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BIT positions and 4 closed out — a net gain of 4 holders — while 17 added to existing stakes and 10 trimmed.
The largest buyer was UBS, adding an estimated $8.94M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.77M.
- 38 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q2 2014, up from 35 in Q1 2014.
- Funds reported $185M of BlackRock Multi-Sector Income Trust stock for Q2 2014, up 12% quarter-over-quarter.
- 8 funds opened new BlackRock Multi-Sector Income Trust positions in Q2 2014 and 4 closed out, a net change of +4 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q2 2014 was UBS, an estimated $8.94M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q2 2014 was Rivernorth Capital Management, an estimated $2.77M sold.
Based on aggregated 13F filings for Q2 2014.