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BlackRock Credit Allocation Income Trust
BTZ

125 hedge funds and large institutions have $597M invested in BlackRock Credit Allocation Income Trust in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 34 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

38% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 34

0.04% more ownership

Funds ownership: 43.82% → 43.85% (+0.04%)

5% less funds holding

Funds holding: 131 → 125 (-6)

5% less capital invested

Capital invested by funds: $631M → $597M (-$33.9M)

33% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 18

Holders
125
Holders Change
-6
Holders Change %
-4.58%
% of All Funds
2.86%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.11%
New
12
Increased
47
Reduced
34
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
+$8.2M
2
Wells Fargo
Wells Fargo
California
+$7.17M
3
SIA
Sit Investment Associates
Minnesota
+$3.9M
4
SCM
Saba Capital Management
New York
+$2M
5
RCM
Rivernorth Capital Management
Florida
+$1.68M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$12M
2
VIA
Vident Investment Advisory
Georgia
-$4.85M
3
PCP
Proficio Capital Partners
Massachusetts
-$2.78M
4
ACM
Ashford Capital Management
Delaware
-$1.78M
5
Bessemer Group
Bessemer Group
New Jersey
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$2.9M – – –
HighTower Advisors
27
HighTower Advisors
Illinois
$2.85M -$14.7K -1,142 -0.5%
Northwestern Mutual Wealth Management
28
Northwestern Mutual Wealth Management
Wisconsin
$2.22M +$133K +10,360 +6%
GC
29
Guggenheim Capital
Illinois
$2.15M +$179K +13,902 +9%
SCM
30
Saba Capital Management
New York
$1.98M +$2M +156,121 New
NVIM
31
New Vernon Investment Management
Illinois
$1.78M – – –
6M
32
6 Meridian
Kansas
$1.67M -$165K -12,846 -9%
RJA
33
Raymond James & Associates
Florida
$1.56M +$109K +8,488 +7%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$1.48M +$4.85K +378 +0.3%
JIP
35
Jaffetilchin Investment Partners
Florida
$1.36M +$48K +3,735 +4%
N
36
Nuveen
North Carolina
$1.36M -$64.2K -5,000 -4%
CRC
37
Curi RMB Capital
Illinois
$1.21M +$1.09M +84,766 +801%
LPL Financial
38
LPL Financial
California
$1.18M +$381K +29,702 +47%
DA
39
Doliver Advisors
Texas
$1.15M +$680K +52,912 +141%
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$1.14M -$355K -27,657 -24%
PMG
41
ProVise Management Group
Florida
$1M -$32K -2,495 -3%
WS
42
Wela Strategies
Georgia
$941K +$40.2K +3,131 +4%
ASN
43
Advisory Services Network
Georgia
$912K +$65.8K +5,122 +8%
LCM
44
Landscape Capital Management
New Jersey
$846K +$32.1K +2,497 +4%
AG
45
Advisor Group
Arizona
$841K -$117K -9,074 -12%
WCM
46
Whitener Capital Management
North Carolina
$837K -$7.67K -597 -0.9%
Stifel Financial
47
Stifel Financial
Missouri
$799K -$43.2K -3,364 -5%
PVWM
48
Point View Wealth Management
New Jersey
$745K +$28.5K +2,217 +4%
Baird Financial Group
49
Baird Financial Group
Wisconsin
$721K +$358K +27,850 +96%
HK
50
Horizon Kinetics
New York
$675K -$20.5K -1,593 -3%
1
2
3 4 5

BTZ Hedge Fund Activity: Q1 2018 in Review

125 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2018, worth a combined $597M — down 5.4% from $631M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of BTZ and 12 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 47 added.

The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $8.2M. The largest seller was UBS Group, cutting an estimated $12M.

  • 125 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2018, down from 131 in Q4 2017.
  • Funds reported $597M of BlackRock Credit Allocation Income Trust stock for Q1 2018, down 5.4% quarter-over-quarter.
  • 12 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2018 and 18 closed out, a net change of -6 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q1 2018 was Financial & Investment Management Group, an estimated $8.2M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q1 2018 was UBS Group, an estimated $12M sold.

Based on aggregated 13F filings for Q1 2018.