BlackRock Income Trust
BKT
54 hedge funds and large institutions have $144M invested in BlackRock Income Trust in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 5 closing their positions.
14% more capital invested
Capital invested by funds: $126M → $144M (+$18M)
1.22% more ownership
Funds ownership: 9.62% → 10.84% (+1.2%)
0% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 15
2% less funds holding
Funds holding: 55 → 54 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.3M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.93M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.7M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.07M |
| 5 |
FNT
First Nebraska Trust
Lincoln,
Nebraska
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.31M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$346K |
| 3 |
SCM
Saba Capital Management
New York
|
-$219K |
| 4 |
PI
Placemark Investments
Chicago,
Illinois
|
-$202K |
| 5 |
KC
Kingfisher Capital
Charlotte,
North Carolina
|
-$171K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SAM
51
Shamrock Asset Management
Dallas,
Texas
| $8K | – | – | – |
|
|
QAM
52
QCI Asset Management
Pittsford,
New York
| $7K | – | – | – |
|
|
AIG
53
American International Group
New York
| $5.33K | +$3.96K | +200 | +299% |
|
|
MA
54
MUFG Americas
New York
| $5K | +$59 | +3 | +1% |
|
|
BFEC
55
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $3K | – | – | – |
|
|
PI
56
Placemark Investments
Chicago,
Illinois
| – | -$202K | -10,369 | Closed |
|
|
KC
57
Kingfisher Capital
Charlotte,
North Carolina
| – | -$171K | -8,766 | Closed |
|
|
TCM
58
Texan Capital Management
Houston,
Texas
| – | -$138K | -7,067 | Closed |
|
|
ICM
59
Ionic Capital Management
New York
| – | -$103K | -5,252 | Closed |
|
60
AllianceBernstein
Nashville,
Tennessee
| – | -$81K | -4,128 | Closed |
|
BKT Hedge Fund Activity: Q2 2014 in Review
54 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in BlackRock Income Trust (BKT) for Q2 2014, worth a combined $144M — up 14% from $126M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BKT and 4 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 15 added.
The largest buyer was Karpus Investment Management, adding an estimated $9.3M. The largest seller was Guggenheim Capital, cutting an estimated $1.31M.
- 54 institutional investors held BlackRock Income Trust (BKT) as of Q2 2014, down from 55 in Q1 2014.
- Funds reported $144M of BlackRock Income Trust stock for Q2 2014, up 14% quarter-over-quarter.
- 4 funds opened new BlackRock Income Trust positions in Q2 2014 and 5 closed out, a net change of -1 holder.
- The largest BlackRock Income Trust buyer in Q2 2014 was Karpus Investment Management, an estimated $9.3M added.
- The largest BlackRock Income Trust seller in Q2 2014 was Guggenheim Capital, an estimated $1.31M sold.
Based on aggregated 13F filings for Q2 2014.