BlackRock Multi-Sector Income Trust
BIT
62 hedge funds and large institutions have $202M invested in BlackRock Multi-Sector Income Trust in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
10% more capital invested
Capital invested by funds: $184M → $202M (+$17.6M)
5% more funds holding
Funds holding: 59 → 62 (+3)
1.45% more ownership
Funds ownership: 27.73% → 29.18% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$11.8M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.67M |
| 3 |
Morgan Stanley
New York
|
+$1.23M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$1.16M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$887K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.85M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.7M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.74M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.7M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$850K |
BIT Hedge Fund Activity: Q2 2017 in Review
62 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q2 2017, worth a combined $202M — up 9.5% from $184M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BIT positions and 6 closed out — a net gain of 4 holders — while 23 added to existing stakes and 18 trimmed.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $11.8M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.85M.
- 62 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q2 2017, up from 59 in Q1 2017.
- Funds reported $202M of BlackRock Multi-Sector Income Trust stock for Q2 2017, up 9.5% quarter-over-quarter.
- 10 funds opened new BlackRock Multi-Sector Income Trust positions in Q2 2017 and 6 closed out, a net change of +4 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $11.8M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q2 2017 was Rivernorth Capital Management, an estimated $2.85M sold.
Based on aggregated 13F filings for Q2 2017.