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BlackRock Credit Allocation Income Trust
BTZ

116 hedge funds and large institutions have $536M invested in BlackRock Credit Allocation Income Trust in 2015 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 11

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

14% more funds holding

Funds holding: 102 → 116 (+14)

4% more capital invested

Capital invested by funds: $516M → $536M (+$19.8M)

0.9% more ownership

Funds ownership: 39.4% → 40.3% (+0.9%)

16% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 37

Holders
116
Holders Change
+14
Holders Change %
+13.73%
% of All Funds
3.04%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.18%
New
26
Increased
31
Reduced
37
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CGH
Cleary Gull Holdings
Wisconsin
+$9.44M
2
Wells Fargo
Wells Fargo
California
+$9.44M
3
KIM
Karpus Investment Management
New York
+$8.26M
4
NL
NWAM LLC
Washington
+$7.95M
5
FWIA
Fort Washington Investment Advisors
Ohio
+$3.96M

Top Sellers

1
RVPG
Relative Value Partners Group
-$12M
2
CC
Carlson Capital
Texas
-$6.39M
3
FIMG
Financial & Investment Management Group
Michigan
-$5.4M
4
TAM
Third Avenue Management
New York
-$4.99M
5
SCM
Saba Capital Management
New York
-$3.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
FWIA
26
Fort Washington Investment Advisors
Ohio
$3.97M +$3.96M +321,704 New
AA
27
AQR Arbitrage
Connecticut
$3.44M -$831K -67,435 -19%
YMRC
28
Yorktown Management & Research Company
Virginia
$3.15M +$1.05M +85,000 +50%
BG
29
BlackRock Group
United Kingdom
$3.1M – – –
NVIM
30
New Vernon Investment Management
Illinois
$2.84M +$2.83M +230,000 New
ACM
31
Ashford Capital Management
Delaware
$2.83M -$75.5K -6,127 -3%
HighTower Advisors
32
HighTower Advisors
Illinois
$2.67M -$9.12K -740 -0.3%
GC
33
Guggenheim Capital
Illinois
$2.56M -$1.24M -100,510 -33%
PMG
34
ProVise Management Group
Florida
$1.96M +$65.6K +5,322 +3%
Ameriprise
35
Ameriprise
Minnesota
$1.51M +$497K +40,340 +49%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$1.46M +$782K +63,425 +115%
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$1.36M +$1.36M +110,212 New
HK
38
Horizon Kinetics
New York
$1.32M -$170K -13,832 -11%
GEM
39
Global Endowment Management
North Carolina
$1.23M – – –
First Trust Advisors
40
First Trust Advisors
Illinois
$1.07M -$70.8K -5,746 -6%
CAS
41
Cue Advisory Services
Arizona
$1.07M -$94.4K -7,659 -8%
SG Americas Securities
42
SG Americas Securities
New York
$975K +$974K +79,033 New
WAM
43
Weiss Asset Management
Massachusetts
$918K +$917K +74,389 New
AIG
44
American International Group
New York
$915K +$40.4K +3,275 +5%
EDRIA
45
Edmonds Duncan Registered Investment Advisors
Kansas
$789K +$788K +63,939 New
CRC
46
Curi RMB Capital
Illinois
$673K -$445K -36,104 -40%
VFS
47
VSR Financial Services
Kansas
$636K -$98.6K -8,000 -13%
CHAM
48
Clear Harbor Asset Management
Connecticut
$631K – – –
ICM
49
Ionic Capital Management
New York
$606K +$219K +17,782 +57%
Stifel Financial
50
Stifel Financial
Missouri
$604K +$55K +4,463 +10%
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BTZ Hedge Fund Activity: Q4 2015 in Review

116 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2015, worth a combined $536M — up 3.8% from $516M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new BTZ positions and 11 closed out — a net gain of 15 holders — while 31 added to existing stakes and 37 trimmed.

The largest buyer was Cleary Gull Holdings, adding an estimated $9.44M. The largest seller was Relative Value Partners Group, cutting an estimated $12M.

  • 116 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2015, up from 102 in Q3 2015.
  • Funds reported $536M of BlackRock Credit Allocation Income Trust stock for Q4 2015, up 3.8% quarter-over-quarter.
  • 26 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2015 and 11 closed out, a net change of +15 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2015 was Cleary Gull Holdings, an estimated $9.44M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2015 was Relative Value Partners Group, an estimated $12M sold.

Based on aggregated 13F filings for Q4 2015.