BlackRock Multi-Sector Income Trust
BIT
67 hedge funds and large institutions have $200M invested in BlackRock Multi-Sector Income Trust in 2019 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 11 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 20
12% more capital invested
Capital invested by funds: $178M → $200M (+$22.1M)
1.29% more ownership
Funds ownership: 30.53% → 31.82% (+1.3%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 68 → 67 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$11.1M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$851K |
| 3 |
Cohen & Steers
New York
|
+$822K |
| 4 |
FM
Family Management
New York
|
+$565K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$487K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.04M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.92M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.71M |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$1.21M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$717K |
BIT Hedge Fund Activity: Q1 2019 in Review
67 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2019, worth a combined $200M — up 12% from $178M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BIT and 10 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 28 added.
The largest buyer was Eaton Vance Management, adding an estimated $11.1M. The largest seller was Parametric Portfolio Associates, cutting an estimated $2.04M.
- 67 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2019, down from 68 in Q4 2018.
- Funds reported $200M of BlackRock Multi-Sector Income Trust stock for Q1 2019, up 12% quarter-over-quarter.
- 10 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2019 and 11 closed out, a net change of -1 holder.
- The largest BlackRock Multi-Sector Income Trust buyer in Q1 2019 was Eaton Vance Management, an estimated $11.1M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q1 2019 was Parametric Portfolio Associates, an estimated $2.04M sold.
Based on aggregated 13F filings for Q1 2019.