BlackRock Multi-Sector Income Trust
BIT
66 hedge funds and large institutions have $126M invested in BlackRock Multi-Sector Income Trust in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 14 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 20
10% more capital invested
Capital invested by funds: $115M → $126M (+$11.2M)
8.03% less ownership
Funds ownership: 31.37% → 23.33% (-8%)
12% less funds holding
Funds holding: 75 → 66 (-9)
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.49M |
| 2 |
Morgan Stanley
New York
|
+$3.75M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.94M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$989K |
| 5 |
FM
Family Management
New York
|
+$398K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$29M |
| 2 |
SCM
Saba Capital Management
New York
|
-$9.93M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$5M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.24M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.45M |
BIT Hedge Fund Activity: Q2 2020 in Review
66 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q2 2020, worth a combined $126M — up 9.7% from $115M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BIT and 5 opened new positions — a net loss of 9 holders — while 20 trimmed existing stakes and 30 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.49M. The largest seller was Osaic Holdings, cutting an estimated $29M.
- 66 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q2 2020, down from 75 in Q1 2020.
- Funds reported $126M of BlackRock Multi-Sector Income Trust stock for Q2 2020, up 9.7% quarter-over-quarter.
- 5 funds opened new BlackRock Multi-Sector Income Trust positions in Q2 2020 and 14 closed out, a net change of -9 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q2 2020 was Rivernorth Capital Management, an estimated $4.49M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q2 2020 was Osaic Holdings, an estimated $29M sold.
Based on aggregated 13F filings for Q2 2020.