BlackRock Multi-Sector Income Trust
BIT
70 hedge funds and large institutions have $87.6M invested in BlackRock Multi-Sector Income Trust in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 33 increasing their positions, 16 reducing their positions, and 14 closing their positions.
106% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 16
6% more capital invested
Capital invested by funds: $82.6M → $87.6M (+$4.99M)
0.3% more ownership
Funds ownership: 15.63% → 15.93% (+0.3%)
16% less funds holding
Funds holding: 83 → 70 (-13)
71% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 14
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.28M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.88M |
| 3 |
CWP
Cyndeo Wealth Partners
St. Petersburg,
Florida
|
+$1.81M |
| 4 |
Morgan Stanley
New York
|
+$570K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$561K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$3.65M |
| 2 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
-$764K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$701K |
| 4 |
WANY
Wealthspire Advisors (New York)
New York
|
-$499K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$268K |
BIT Hedge Fund Activity: Q1 2023 in Review
70 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in BlackRock Multi-Sector Income Trust (BIT) for Q1 2023, worth a combined $87.6M — up 6% from $82.6M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BIT and 4 opened new positions — a net loss of 10 holders — while 16 trimmed existing stakes and 33 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.28M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $3.65M sold.
- 70 institutional investors held BlackRock Multi-Sector Income Trust (BIT) as of Q1 2023, down from 83 in Q4 2022.
- Funds reported $87.6M of BlackRock Multi-Sector Income Trust stock for Q1 2023, up 6% quarter-over-quarter.
- 4 funds opened new BlackRock Multi-Sector Income Trust positions in Q1 2023 and 14 closed out, a net change of -10 holders.
- The largest BlackRock Multi-Sector Income Trust buyer in Q1 2023 was Raymond James Financial Services Advisors, an estimated $2.28M added.
- The largest BlackRock Multi-Sector Income Trust seller in Q1 2023 was Penserra Capital Management, an estimated $3.65M sold.
Based on aggregated 13F filings for Q1 2023.