BlackRock Multi-Sector Income Trust
BIT
68 hedge funds and large institutions have $178M invested in BlackRock Multi-Sector Income Trust in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
5% more funds holding
Funds holding: 65 → 68 (+3)
1.42% more ownership
Funds ownership: 29.11% → 30.53% (+1.4%)
5% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 21
5% less capital invested
Capital invested by funds: $186M → $178M (-$8.71M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.98M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$4.05M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.8M |
| 4 |
SCM
Saba Capital Management
New York
|
+$1.8M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$4.99M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.09M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$1.75M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$963K |
| 5 |
Morgan Stanley
New York
|
-$752K |
BIT Hedge Fund Activity: Q4 2018 in Review
68 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q4 2018, worth a combined $178M — down 4.7% from $186M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BIT positions and 10 closed out — a net gain of 4 holders — while 22 added to existing stakes and 21 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.98M. The largest seller was Bessemer Group, exiting entirely with an estimated $4.99M sold.
- 68 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q4 2018, up from 65 in Q3 2018.
- Funds reported $178M of BlackRock Multi-Sector Income Trust stock for Q4 2018, down 4.7% quarter-over-quarter.
- 14 funds opened new BlackRock Multi-Sector Income Trust positions in Q4 2018 and 10 closed out, a net change of +4 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q4 2018 was Rivernorth Capital Management, an estimated $4.98M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q4 2018 was Bessemer Group, an estimated $4.99M sold.
Based on aggregated 13F filings for Q4 2018.