BlackRock Income Trust
BKT
55 hedge funds and large institutions have $126M invested in BlackRock Income Trust in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 8 closing their positions.
10% more capital invested
Capital invested by funds: $115M → $126M (+$11.3M)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0.86% more ownership
Funds ownership: 8.76% → 9.62% (+0.86%)
4% less funds holding
Funds holding: 57 → 55 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.45M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.85M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.99M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.59M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.95M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$620K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$340K |
| 4 |
SG Americas Securities
New York
|
-$241K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$224K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GGPS
51
Gary Goldberg Planning Services
Suffern,
New York
| $13K | +$13.1K | +667 | New |
|
|
SAM
52
Shamrock Asset Management
Dallas,
Texas
| $8K | +$7.85K | +400 | New |
|
|
QAM
53
QCI Asset Management
Pittsford,
New York
| $7K | – | – | – |
|
|
MA
54
MUFG Americas
New York
| $4K | +$667 | +34 | +18% |
|
|
BFEC
55
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $3K | -$3.06K | -156 | -48% |
|
|
AIG
56
American International Group
New York
| $1.32K | – | – | – |
|
|
57
SG Americas Securities
New York
| – | -$241K | -12,391 | Closed |
|
|
PP
58
Paloma Partners
Greenwich,
Connecticut
| – | -$214K | -11,007 | Closed |
|
|
CFA
59
Cahill Financial Advisors
Edina,
Minnesota
| – | -$171K | -8,788 | Closed |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | -$137K | -7,033 | Closed |
|
61
Jane Street
New York
| – | -$93K | -4,768 | Closed |
|
62
Nomura Holdings
Tokyo,
Japan
| – | -$36K | -1,835 | Closed |
|
63
Creative Planning
Overland Park,
Kansas
| – | -$13K | -667 | Closed |
|
|
WC
64
Whitnell & Co
Oak Brook,
Illinois
| – | -$13K | -667 | Closed |
|
BKT Hedge Fund Activity: Q1 2014 in Review
55 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in BlackRock Income Trust (BKT) for Q1 2014, worth a combined $126M — up 9.9% from $115M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BKT and 7 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 16 added.
The largest buyer was Karpus Investment Management, adding an estimated $5.45M. The largest seller was Guggenheim Capital, cutting an estimated $1.95M.
- 55 institutional investors held BlackRock Income Trust (BKT) as of Q1 2014, down from 57 in Q4 2013.
- Funds reported $126M of BlackRock Income Trust stock for Q1 2014, up 9.9% quarter-over-quarter.
- 7 funds opened new BlackRock Income Trust positions in Q1 2014 and 8 closed out, a net change of -1 holder.
- The largest BlackRock Income Trust buyer in Q1 2014 was Karpus Investment Management, an estimated $5.45M added.
- The largest BlackRock Income Trust seller in Q1 2014 was Guggenheim Capital, an estimated $1.95M sold.
Based on aggregated 13F filings for Q1 2014.