BlackRock Multi-Sector Income Trust
BIT
56 hedge funds and large institutions have $183M invested in BlackRock Multi-Sector Income Trust in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 12 closing their positions.
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
2% less funds holding
Funds holding: 57 → 56 (-1)
4.63% less ownership
Funds ownership: 33.39% → 28.77% (-4.6%)
8% less capital invested
Capital invested by funds: $200M → $183M (-$16.8M)
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.92M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.11M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$931K |
| 4 |
LCM
Laurion Capital Management
New York
|
+$777K |
| 5 |
EGA
E&G Advisors
Houston,
Texas
|
+$617K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$9.35M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$6.67M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.53M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.23M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.12M |
BIT Hedge Fund Activity: Q2 2016 in Review
56 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q2 2016, worth a combined $183M — down 8.4% from $200M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BIT and 11 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 16 added.
The largest buyer was UBS Group, adding an estimated $2.92M. The largest seller was Saba Capital Management, cutting an estimated $9.35M.
- 56 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q2 2016, down from 57 in Q1 2016.
- Funds reported $183M of BlackRock Multi-Sector Income Trust stock for Q2 2016, down 8.4% quarter-over-quarter.
- 11 funds opened new BlackRock Multi-Sector Income Trust positions in Q2 2016 and 12 closed out, a net change of -1 holder.
- The largest BlackRock Multi-Sector Income Trust buyer in Q2 2016 was UBS Group, an estimated $2.92M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q2 2016 was Saba Capital Management, an estimated $9.35M sold.
Based on aggregated 13F filings for Q2 2016.