BlackRock Multi-Sector Income Trust
BIT
59 hedge funds and large institutions have $184M invested in BlackRock Multi-Sector Income Trust in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 10 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
0.62% less ownership
Funds ownership: 28.35% → 27.73% (-0.62%)
5% less funds holding
Funds holding: 62 → 59 (-3)
11% less capital inflows, than outflows
Capital inflows: $24.4M | Capital outflows: $27.2M
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$13.5M |
| 2 |
Vident Investment Advisory
Alpharetta,
Georgia
|
+$3.91M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.68M |
| 4 |
Accuvest Global Advisors
Provo,
Utah
|
+$1.43M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.29M |
| 2 |
Saba Capital Management
New York
|
-$6.6M |
| 3 |
Raymond James & Associates
St Petersburg,
Florida
|
-$3.17M |
| 4 |
Millennium Management
New York
|
-$1.83M |
| 5 |
Citigroup
New York
|
-$1.67M |
BIT Hedge Fund Activity: Q1 2017 in Review
59 of the 4,035 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2017, worth a combined $184M — up 2.7% from $180M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BIT and 8 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 19 added.
The largest buyer was UBS Group, adding an estimated $13.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $7.29M.
- 59 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2017, down from 62 in Q4 2016.
- Funds reported $184M of BlackRock Multi-Sector Income Trust stock for Q1 2017, up 2.7% quarter-over-quarter.
- 8 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2017 and 10 closed out, a net change of -2 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q1 2017 was UBS Group, an estimated $13.5M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q1 2017 was Rivernorth Capital Management, an estimated $7.29M sold.
Based on aggregated 13F filings for Q1 2017.