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BlackRock Credit Allocation Income Trust
BTZ

102 hedge funds and large institutions have $516M invested in BlackRock Credit Allocation Income Trust in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 35 increasing their positions, 35 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 35

0.07% less ownership

Funds ownership: 39.47% → 39.4% (-0.07%)

4% less capital invested

Capital invested by funds: $538M → $516M (-$22M)

4% less funds holding

Funds holding: 106 → 102 (-4)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

Holders
102
Holders Change
-4
Holders Change %
-3.77%
% of All Funds
2.85%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
9
Increased
35
Reduced
35
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$9.36M
2
KIM
Karpus Investment Management
New York
+$6.64M
3
EIA
Edgemoor Investment Advisors
Maryland
+$5.35M
4
HighTower Advisors
HighTower Advisors
Illinois
+$2.68M
5
LM
Luminus Management
Texas
+$1.62M

Top Sellers

1
NL
NWAM LLC
Washington
-$8.7M
2
TAM
Third Avenue Management
New York
-$5.29M
3
Bank of America
Bank of America
North Carolina
-$4.03M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$3.51M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Guggenheim Capital
Illinois
$3.75M -$1.05M -84,365 -21%
FFA
27
First Foundation Advisors
California
$3.09M +$263K +21,203 +9%
BG
28
BlackRock Group
United Kingdom
$3.06M – – –
LPL Financial
29
LPL Financial
California
$2.92M -$325K -26,201 -10%
ACM
30
Ashford Capital Management
Delaware
$2.87M +$557K +44,940 +24%
CGH
31
Cleary Gull Holdings
Wisconsin
$2.77M -$170K -13,750 -6%
HighTower Advisors
32
HighTower Advisors
Illinois
$2.64M +$2.68M +216,644 New
YMRC
33
Yorktown Management & Research Company
Virginia
$2.07M +$310K +25,000 +17%
PMG
34
ProVise Management Group
Florida
$1.86M +$65.8K +5,308 +4%
LM
35
Luminus Management
Texas
$1.59M +$1.62M +131,053 New
HK
36
Horizon Kinetics
New York
$1.48M -$216K -17,430 -13%
TJHA
37
Thomas J. Herzfeld Advisors
Florida
$1.33M -$9.91K -800 -0.7%
NCM
38
Newgate Capital Management
Connecticut
$1.3M +$1.34M +107,760 New
GEM
39
Global Endowment Management
North Carolina
$1.22M – – –
CAS
40
Cue Advisory Services
Arizona
$1.15M -$128K -10,315 -10%
First Trust Advisors
41
First Trust Advisors
Illinois
$1.13M +$12.2K +983 +1%
CRC
42
Curi RMB Capital
Illinois
$1.1M +$910K +73,462 +427%
Ameriprise
43
Ameriprise
Minnesota
$1M +$163K +13,178 +19%
IT
44
Independence Trust
Tennessee
$971K -$920K -74,274 -48%
AIG
45
American International Group
New York
$862K -$35.5K -2,864 -4%
LCM
46
Landscape Capital Management
New Jersey
$744K -$276K -22,251 -27%
VFS
47
VSR Financial Services
Kansas
$724K -$192K -15,500 -21%
RJFSA
48
Raymond James Financial Services Advisors
Florida
$672K +$465K +37,536 +212%
MGAM
49
McGowan Group Asset Management
Texas
$630K -$22.6K -1,824 -3%
CHAM
50
Clear Harbor Asset Management
Connecticut
$623K +$282K +22,795 +80%
1
2
3 4 5

BTZ Hedge Fund Activity: Q3 2015 in Review

102 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2015, worth a combined $516M — down 4.1% from $538M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BTZ and 9 opened new positions — a net loss of 3 holders — while 35 trimmed existing stakes and 35 added.

The largest buyer was Wells Fargo, adding an estimated $9.36M. The largest seller was NWAM LLC, exiting entirely with an estimated $8.7M sold.

  • 102 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2015, down from 106 in Q2 2015.
  • Funds reported $516M of BlackRock Credit Allocation Income Trust stock for Q3 2015, down 4.1% quarter-over-quarter.
  • 9 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2015 and 12 closed out, a net change of -3 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q3 2015 was Wells Fargo, an estimated $9.36M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q3 2015 was NWAM LLC, an estimated $8.7M sold.

Based on aggregated 13F filings for Q3 2015.