BlackRock Credit Allocation Income Trust
BTZ
130 hedge funds and large institutions have $601M invested in BlackRock Credit Allocation Income Trust in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 57 increasing their positions, 32 reducing their positions, and 10 closing their positions.
78% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 32
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
2% more funds holding
Funds holding: 128 → 130 (+2)
2% more capital invested
Capital invested by funds: $591M → $601M (+$10.6M)
0.33% more ownership
Funds ownership: 45.97% → 46.3% (+0.33%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.89M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.29M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$5.48M |
| 4 |
AA
Apriem Advisors
Irvine,
California
|
+$2.53M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$24.8M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$4.6M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.82M |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$1.65M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.48M |
BTZ Hedge Fund Activity: Q3 2018 in Review
130 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2018, worth a combined $601M — up 1.8% from $591M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BTZ positions and 10 closed out — a net gain of 2 holders — while 57 added to existing stakes and 32 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $8.89M. The largest seller was Sit Investment Associates, cutting an estimated $24.8M.
- 130 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2018, up from 128 in Q2 2018.
- Funds reported $601M of BlackRock Credit Allocation Income Trust stock for Q3 2018, up 1.8% quarter-over-quarter.
- 12 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2018 and 10 closed out, a net change of +2 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q3 2018 was Saba Capital Management, an estimated $8.89M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q3 2018 was Sit Investment Associates, an estimated $24.8M sold.
Based on aggregated 13F filings for Q3 2018.