BlackRock Income Trust
BKT
75 hedge funds and large institutions have $175M invested in BlackRock Income Trust in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 28 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.59% less ownership
Funds ownership: 16.48% → 15.9% (-0.59%)
1% less funds holding
Funds holding: 76 → 75 (-1)
8% less capital invested
Capital invested by funds: $191M → $175M (-$15.6M)
43% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
+$4.24M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$3.38M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.14M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.08M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$11.7M |
| 2 |
HC
HNP Capital
Rochester,
New York
|
-$1.83M |
| 3 |
FM
Family Management
New York
|
-$1.66M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.3M |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HC
76
HNP Capital
Rochester,
New York
| – | -$1.83M | -100,647 | Closed |
|
|
OA
77
Oxbow Advisors
Austin,
Texas
| – | -$1.03M | -56,845 | Closed |
|
|
FHA
78
First Horizon Advisors
Memphis,
Tennessee
| – | -$321K | -17,700 | Closed |
|
79
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$269K | -14,820 | Closed |
|
|
APW
80
Aurora Private Wealth
Rockaway,
New Jersey
| – | -$97K | -5,333 | Closed |
|
|
JWM
81
Jupiter Wealth Management
Glendale,
Colorado
| – | -$79K | -4,333 | Closed |
|
82
Millennium Management
New York
| – | -$67K | -3,664 | Closed |
|
|
MFT
83
Moisand Fitzgerald Tamayo
Orlando,
Florida
| – | -$15K | -833 | Closed |
|
BKT Hedge Fund Activity: Q1 2020 in Review
75 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock Income Trust (BKT) for Q1 2020, worth a combined $175M — down 8.2% from $191M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BKT positions and 8 closed out — a net gain of 3 holders — while 16 added to existing stakes and 28 trimmed.
The largest buyer was IBEX Wealth Advisors, opening a new position worth an estimated $4.24M. The largest seller was Karpus Investment Management, cutting an estimated $11.7M.
- 75 institutional investors held BlackRock Income Trust (BKT) as of Q1 2020, down from 76 in Q4 2019.
- Funds reported $175M of BlackRock Income Trust stock for Q1 2020, down 8.2% quarter-over-quarter.
- 11 funds opened new BlackRock Income Trust positions in Q1 2020 and 8 closed out, a net change of +3 holders.
- The largest BlackRock Income Trust buyer in Q1 2020 was IBEX Wealth Advisors, an estimated $4.24M added.
- The largest BlackRock Income Trust seller in Q1 2020 was Karpus Investment Management, an estimated $11.7M sold.
Based on aggregated 13F filings for Q1 2020.