BlackRock Multi-Sector Income Trust
BIT
61 hedge funds and large institutions have $192M invested in BlackRock Multi-Sector Income Trust in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 11 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
2.43% less ownership
Funds ownership: 32.15% → 29.72% (-2.4%)
7% less capital invested
Capital invested by funds: $207M → $192M (-$14.4M)
10% less funds holding
Funds holding: 68 → 61 (-7)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$2.57M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.92M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.67M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.5M |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$867K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$11.5M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.94M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.32M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.81M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.2M |
BIT Hedge Fund Activity: Q2 2018 in Review
61 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q2 2018, worth a combined $192M — down 7% from $207M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BIT and 5 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 22 added.
The largest buyer was Stifel Financial, adding an estimated $2.57M. The largest seller was Eaton Vance Management, cutting an estimated $11.5M.
- 61 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q2 2018, down from 68 in Q1 2018.
- Funds reported $192M of BlackRock Multi-Sector Income Trust stock for Q2 2018, down 7% quarter-over-quarter.
- 5 funds opened new BlackRock Multi-Sector Income Trust positions in Q2 2018 and 11 closed out, a net change of -6 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q2 2018 was Stifel Financial, an estimated $2.57M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q2 2018 was Eaton Vance Management, an estimated $11.5M sold.
Based on aggregated 13F filings for Q2 2018.