BlackRock Multi-Sector Income Trust
BIT
40 hedge funds and large institutions have $195M invested in BlackRock Multi-Sector Income Trust in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 13 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
4% more capital invested
Capital invested by funds: $188M → $195M (+$6.99M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.18% less ownership
Funds ownership: 28.14% → 27.96% (-0.18%)
17% less funds holding
Funds holding: 48 → 40 (-8)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$11.5M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$10.4M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$9.03M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$3.53M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.2M |
| 2 |
SCM
Saba Capital Management
New York
|
-$10.1M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$7.44M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.01M |
| 5 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
-$3M |
BIT Hedge Fund Activity: Q1 2015 in Review
40 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2015, worth a combined $195M — up 3.7% from $188M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BIT and 5 opened new positions — a net loss of 8 holders — while 14 trimmed existing stakes and 17 added.
The largest buyer was Bank of America, adding an estimated $11.5M. The largest seller was Morgan Stanley, cutting an estimated $10.2M.
- 40 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2015, down from 48 in Q4 2014.
- Funds reported $195M of BlackRock Multi-Sector Income Trust stock for Q1 2015, up 3.7% quarter-over-quarter.
- 5 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2015 and 13 closed out, a net change of -8 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q1 2015 was Bank of America, an estimated $11.5M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q1 2015 was Morgan Stanley, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2015.