BlackRock Multi-Sector Income Trust
BIT
68 hedge funds and large institutions have $161M invested in BlackRock Multi-Sector Income Trust in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
14% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 21
5% more funds holding
Funds holding: 65 → 68 (+3)
4.09% less ownership
Funds ownership: 30.6% → 26.51% (-4.1%)
18% less capital invested
Capital invested by funds: $197M → $161M (-$36.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$2.29M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.18M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.16M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$691K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$414K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$13.3M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$9.87M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.76M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.93M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.55M |
BIT Hedge Fund Activity: Q4 2019 in Review
68 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q4 2019, worth a combined $161M — down 18% from $197M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BIT positions and 6 closed out — a net gain of 4 holders — while 24 added to existing stakes and 21 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $2.29M. The largest seller was Eaton Vance Management, cutting an estimated $13.3M.
- 68 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q4 2019, up from 65 in Q3 2019.
- Funds reported $161M of BlackRock Multi-Sector Income Trust stock for Q4 2019, down 18% quarter-over-quarter.
- 10 funds opened new BlackRock Multi-Sector Income Trust positions in Q4 2019 and 6 closed out, a net change of +4 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q4 2019 was Cohen & Steers, an estimated $2.29M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q4 2019 was Eaton Vance Management, an estimated $13.3M sold.
Based on aggregated 13F filings for Q4 2019.