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BlackRock Credit Allocation Income Trust
BTZ

103 hedge funds and large institutions have $558M invested in BlackRock Credit Allocation Income Trust in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 31

0.98% more ownership

Funds ownership: 37.78% → 38.76% (+0.98%)

1% less capital invested

Capital invested by funds: $561M → $558M (-$3.8M)

2% less funds holding

Funds holding: 105 → 103 (-2)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

Holders
103
Holders Change
-2
Holders Change %
-1.9%
% of All Funds
2.99%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.17%
New
7
Increased
42
Reduced
31
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bessemer Group
Bessemer Group
New Jersey
+$6.92M
2
RVP
Relative Value Partners
Illinois
+$3.62M
3
SCM
Saba Capital Management
New York
+$2.99M
4
Wells Fargo
Wells Fargo
California
+$2.71M
5
U
UBS
Switzerland
+$2.58M

Top Sellers

Rank Fund Capital Flow
1
TAM
Third Avenue Management
New York
-$10.6M
2
TC
TFS Capital
Pennsylvania
-$1.62M
3
Morgan Stanley
Morgan Stanley
New York
-$1.11M
4
N
Nuveen
North Carolina
-$703K
5
DA
Doliver Advisors
Texas
-$593K
Name Holding Trade Value Shares
Change 		Change in
Stake
DCM
26
Dialectic Capital Management
Connecticut
$3.42M +$904K +66,921 +35%
1832 Asset Management
27
1832 Asset Management
Ontario, Canada
$3.36M – – –
BG
28
BlackRock Group
United Kingdom
$3.35M – – –
LPL Financial
29
LPL Financial
California
$3.32M +$157K +11,631 +5%
N
30
Nuveen
North Carolina
$2.94M -$703K -52,000 -19%
HK
31
Horizon Kinetics
New York
$2.79M -$9.51K -704 -0.3%
AC
32
Allstate Corporation
Illinois
$2.72M – – –
TJHA
33
Thomas J. Herzfeld Advisors
Florida
$2.5M +$124K +9,202 +5%
IMS
34
Index Management Solutions
Pennsylvania
$2.4M +$397K +29,378 +19%
IT
35
Independence Trust
Tennessee
$2.15M +$1.45M +107,001 +197%
CIA
36
Capital Investment Advisors
Georgia
$1.72M +$419K +31,002 +32%
KSCM
37
Kamunting Street Capital Management
Florida
$1.56M +$185K +13,668 +13%
GEM
38
Global Endowment Management
North Carolina
$1.33M – – –
VFS
39
VSR Financial Services
Kansas
$1.25M -$13.5K -1,000 -1%
AAM
40
Advisors Asset Management
Colorado
$1.15M -$101K -7,510 -8%
First Trust Advisors
41
First Trust Advisors
Illinois
$1.12M +$48.5K +3,590 +4%
FFA
42
First Foundation Advisors
California
$831K +$109K +8,044 +15%
PNC
43
Park National Corp
Ohio
$827K +$1.69K +125 +0.2%
NCM
44
Narwhal Capital Management
Georgia
$812K +$1.12K +83 +0.1%
Barclays
45
Barclays
United Kingdom
$772K +$12.3K +914 +2%
SFS
46
Shaker Financial Services
Virginia
$750K +$613K +45,375 +413%
DA
47
Doliver Advisors
Texas
$746K -$593K -43,907 -44%
HighTower Advisors
48
HighTower Advisors
Illinois
$729K -$80.9K -5,985 -10%
BNP Paribas Financial Markets
49
BNP Paribas Financial Markets
France
$723K -$529K -39,130 -42%
AIG
50
American International Group
New York
$689K +$65.4K +4,842 +10%
1
2
3 4 5

BTZ Hedge Fund Activity: Q3 2014 in Review

103 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2014, worth a combined $558M — down 0.68% from $561M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BTZ and 7 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 42 added.

The largest buyer was Bessemer Group, opening a new position worth an estimated $6.92M. The largest seller was Third Avenue Management, cutting an estimated $10.6M.

  • 103 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2014, down from 105 in Q2 2014.
  • Funds reported $558M of BlackRock Credit Allocation Income Trust stock for Q3 2014, down 0.68% quarter-over-quarter.
  • 7 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2014 and 8 closed out, a net change of -1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q3 2014 was Bessemer Group, an estimated $6.92M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q3 2014 was Third Avenue Management, an estimated $10.6M sold.

Based on aggregated 13F filings for Q3 2014.