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BlackRock Credit Allocation Income Trust
BTZ

113 hedge funds and large institutions have $537M invested in BlackRock Credit Allocation Income Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 29 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 29

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

2% more capital invested

Capital invested by funds: $526M → $537M (+$10.9M)

0% more funds holding

Funds holding: 113 → 113 (0)

0.92% less ownership

Funds ownership: 38.48% → 37.56% (-0.92%)

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

Holders
113
Holders Change
–
Holders Change %
0%
% of All Funds
3.01%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
12
Increased
44
Reduced
29
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$17M
2
MGAM
McGowan Group Asset Management
Texas
+$9.7M
3
Bank of America
Bank of America
North Carolina
+$3.97M
4
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
+$3.83M
5
AWMS
Advocacy Wealth Management Services
Georgia
+$2.83M

Top Sellers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
-$17.9M
2
PPA
Parametric Portfolio Associates
Washington
-$16.9M
3
1CP
1607 Capital Partners
Virginia
-$11.3M
4
SCM
Saba Capital Management
New York
-$3.9M
5
LPL Financial
LPL Financial
California
-$2.94M
Name Holding Trade Value Shares
Change 		Change in
Stake
BG
26
BlackRock Group
United Kingdom
$3.3M – – –
LPL Financial
27
LPL Financial
California
$3.05M -$2.94M -231,114 -50%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$2.79M +$881K +69,211 +48%
Ameriprise
29
Ameriprise
Minnesota
$2.65M +$1.09M +85,654 +73%
NVIM
30
New Vernon Investment Management
Illinois
$2.61M -$378K -29,716 -13%
HighTower Advisors
31
HighTower Advisors
Illinois
$2.59M +$228K +17,898 +10%
CRC
32
Curi RMB Capital
Illinois
$2.53M +$1.79M +140,241 +259%
PMG
33
ProVise Management Group
Florida
$2.31M +$231K +18,119 +11%
1CP
34
1607 Capital Partners
Virginia
$2.28M -$11.3M -889,472 -84%
N
35
Nuveen
North Carolina
$2.03M -$191K -15,000 -9%
GC
36
Guggenheim Capital
Illinois
$1.98M -$253K -19,904 -12%
ACM
37
Ashford Capital Management
Delaware
$1.78M -$863K -67,789 -33%
FIMG
38
Financial & Investment Management Group
Michigan
$1.55M -$171K -13,426 -10%
Stifel Financial
39
Stifel Financial
Missouri
$1.49M +$256K +20,076 +21%
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$1.41M -$49.2K -3,864 -3%
HK
41
Horizon Kinetics
New York
$1.39M – – –
GEM
42
Global Endowment Management
North Carolina
$1.3M – – –
YMRC
43
Yorktown Management & Research Company
Virginia
$1.17M -$2.1M -165,000 -65%
CAS
44
Cue Advisory Services
Arizona
$1.11M +$91.6K +7,198 +9%
First Trust Advisors
45
First Trust Advisors
Illinois
$1.11M -$21.1K -1,661 -2%
JHIU
46
Janus Henderson Investors US
Colorado
$1.07M +$764K +60,000 +274%
AG
47
Advisor Group
Arizona
$1.04M +$1.02M +80,335 New
EDRIA
48
Edmonds Duncan Registered Investment Advisors
Kansas
$1.04M +$58K +4,554 +6%
LCM
49
Landscape Capital Management
New Jersey
$965K +$699K +54,911 +286%
PAG
50
Private Advisor Group
New Jersey
$893K +$106K +8,333 +14%
1
2
3 4 5

BTZ Hedge Fund Activity: Q2 2016 in Review

113 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2016, worth a combined $537M — up 2.1% from $526M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BTZ positions and 11 closed out — a net gain of 1 holder — while 44 added to existing stakes and 29 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $17M. The largest seller was Relative Value Partners Group, cutting an estimated $17.9M.

  • 113 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2016, unchanged from Q1 2016.
  • Funds reported $537M of BlackRock Credit Allocation Income Trust stock for Q2 2016, up 2.1% quarter-over-quarter.
  • 12 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $17M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q2 2016 was Relative Value Partners Group, an estimated $17.9M sold.

Based on aggregated 13F filings for Q2 2016.