BlackRock Multi-Sector Income Trust
BIT
68 hedge funds and large institutions have $195M invested in BlackRock Multi-Sector Income Trust in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
5% more funds holding
Funds holding: 65 → 68 (+3)
0.64% more ownership
Funds ownership: 29.74% → 30.38% (+0.64%)
5% less capital invested
Capital invested by funds: $206M → $195M (-$11.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.55M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.92M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.98M |
| 4 |
Millennium Management
New York
|
+$1.32M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.47M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.37M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$1.26M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.13M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$885K |
BIT Hedge Fund Activity: Q1 2018 in Review
68 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2018, worth a combined $195M — down 5.4% from $206M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BIT positions and 6 closed out — a net gain of 3 holders — while 23 added to existing stakes and 20 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.55M. The largest seller was Bank of America, cutting an estimated $4.47M.
- 68 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2018, up from 65 in Q4 2017.
- Funds reported $195M of BlackRock Multi-Sector Income Trust stock for Q1 2018, down 5.4% quarter-over-quarter.
- 9 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2018 and 6 closed out, a net change of +3 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q1 2018 was Rivernorth Capital Management, an estimated $3.55M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q1 2018 was Bank of America, an estimated $4.47M sold.
Based on aggregated 13F filings for Q1 2018.