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BlackRock Credit Allocation Income Trust
BTZ

110 hedge funds and large institutions have $557M invested in BlackRock Credit Allocation Income Trust in 2014 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 28 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

50% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 28

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

7% more funds holding

Funds holding: 103 → 110 (+7)

1.12% more ownership

Funds ownership: 38.76% → 39.88% (+1.1%)

0% less capital invested

Capital invested by funds: $558M → $557M (-$757K)

Holders
110
Holders Change
+7
Holders Change %
+6.8%
% of All Funds
2.93%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.19%
New
19
Increased
42
Reduced
28
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$11.1M
2
TAM
Third Avenue Management
New York
+$8.53M
3
SIA
Sit Investment Associates
Minnesota
+$7.28M
4
Morgan Stanley
Morgan Stanley
New York
+$4.73M
5
LPL Financial
LPL Financial
California
+$2.46M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$7.63M
2
AC
Allstate Corporation
Illinois
-$2.72M
3
Bessemer Group
Bessemer Group
New Jersey
-$1.74M
4
GC
Guggenheim Capital
Illinois
-$1.63M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
26
Carlson Capital
Texas
$3.36M – – –
1832 Asset Management
27
1832 Asset Management
Ontario, Canada
$3.28M +$20.3K +1,522 +0.6%
BG
28
BlackRock Group
United Kingdom
$3.25M – – –
N
29
Nuveen
North Carolina
$2.92M +$66.8K +5,000 +2%
DCM
30
Dialectic Capital Management
Connecticut
$2.83M -$506K -37,921 -15%
IMS
31
Index Management Solutions
Pennsylvania
$2.79M +$469K +35,098 +19%
HK
32
Horizon Kinetics
New York
$2.53M -$177K -13,244 -6%
CIA
33
Capital Investment Advisors
Georgia
$2.17M +$523K +39,129 +30%
IT
34
Independence Trust
Tennessee
$2.08M – – –
Envestnet Asset Management
35
Envestnet Asset Management
Illinois
$1.73M +$1.2M +90,157 +207%
UCFA
36
United Capital Financial Advisors
Texas
$1.7M +$1.23M +91,874 +233%
CAS
37
Cue Advisory Services
Arizona
$1.33M +$1.38M +103,344 New
PMG
38
ProVise Management Group
Florida
$1.33M +$748K +56,007 +120%
TJHA
39
Thomas J. Herzfeld Advisors
Florida
$1.31M -$1.15M -86,216 -46%
GEM
40
Global Endowment Management
North Carolina
$1.29M – – –
FFA
41
First Foundation Advisors
California
$1.25M +$459K +34,342 +55%
First Trust Advisors
42
First Trust Advisors
Illinois
$1.18M +$92K +6,885 +8%
VFS
43
VSR Financial Services
Kansas
$997K -$228K -17,064 -18%
SG Americas Securities
44
SG Americas Securities
New York
$882K +$912K +68,272 New
DA
45
Doliver Advisors
Texas
$808K +$87K +6,511 +12%
PNC
46
Park National Corp
Ohio
$804K +$1.8K +135 +0.2%
ACM
47
Ashford Capital Management
Delaware
$778K +$804K +60,220 New
HighTower Advisors
48
HighTower Advisors
Illinois
$703K -$5.34K -400 -0.7%
MGAM
49
McGowan Group Asset Management
Texas
$690K +$713K +53,386 New
AIG
50
American International Group
New York
$683K +$14.1K +1,058 +2%
1
2
3 4 5

BTZ Hedge Fund Activity: Q4 2014 in Review

110 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2014, worth a combined $557M — down 0.14% from $558M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BTZ positions and 10 closed out — a net gain of 9 holders — while 42 added to existing stakes and 28 trimmed.

The largest buyer was Wells Fargo, adding an estimated $11.1M. The largest seller was Saba Capital Management, cutting an estimated $7.63M.

  • 110 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2014, up from 103 in Q3 2014.
  • Funds reported $557M of BlackRock Credit Allocation Income Trust stock for Q4 2014, down 0.14% quarter-over-quarter.
  • 19 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2014 and 10 closed out, a net change of +9 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2014 was Wells Fargo, an estimated $11.1M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2014 was Saba Capital Management, an estimated $7.63M sold.

Based on aggregated 13F filings for Q4 2014.