BlackRock Multi-Sector Income Trust
BIT
70 hedge funds and large institutions have $126M invested in BlackRock Multi-Sector Income Trust in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
6% more funds holding
Funds holding: 66 → 70 (+4)
0% less capital invested
Capital invested by funds: $126M → $126M (-$510K)
2.12% less ownership
Funds ownership: 23.33% → 21.21% (-2.1%)
29% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.05M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$988K |
| 3 |
Cohen & Steers
New York
|
+$673K |
| 4 |
UR
USCA RIA
Houston,
Texas
|
+$653K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$432K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.41M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$3.92M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.33M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2M |
| 5 |
CCFM
Clear Creek Financial Management
Silverdale,
Washington
|
-$909K |
BIT Hedge Fund Activity: Q3 2020 in Review
70 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q3 2020, worth a combined $126M — down 0.4% from $126M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BIT positions and 9 closed out — a net gain of 4 holders — while 20 added to existing stakes and 28 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.05M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.41M.
- 70 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q3 2020, up from 66 in Q2 2020.
- Funds reported $126M of BlackRock Multi-Sector Income Trust stock for Q3 2020, down 0.4% quarter-over-quarter.
- 13 funds opened new BlackRock Multi-Sector Income Trust positions in Q3 2020 and 9 closed out, a net change of +4 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q3 2020 was Morgan Stanley, an estimated $1.05M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q3 2020 was Rivernorth Capital Management, an estimated $4.41M sold.
Based on aggregated 13F filings for Q3 2020.