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BlackRock Credit Allocation Income Trust
BTZ

131 hedge funds and large institutions have $581M invested in BlackRock Credit Allocation Income Trust in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 44 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 18

2.59% more ownership

Funds ownership: 46.3% → 48.88% (+2.6%)

1% more funds holding

Funds holding: 130 → 131 (+1)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less capital invested

Capital invested by funds: $601M → $581M (-$20.2M)

20% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 44

Holders
131
Holders Change
+1
Holders Change %
+0.77%
% of All Funds
2.92%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
20
Increased
35
Reduced
44
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$9.51M
2
Wells Fargo
Wells Fargo
California
+$9.24M
3
FIMG
Financial & Investment Management Group
Michigan
+$7.69M
4
1CP
1607 Capital Partners
Virginia
+$6.81M
5
Bank of America
Bank of America
North Carolina
+$4.7M

Top Sellers

Rank Fund Capital Flow
1
AWA
Arete Wealth Advisors
Illinois
-$2.6M
2
UBS Group
UBS Group
Switzerland
-$2.46M
3
RCM
Robinson Capital Management
Michigan
-$2.2M
4
CRC
Curi RMB Capital
Illinois
-$2.19M
5
NVIM
New Vernon Investment Management
Illinois
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
Apriem Advisors
California
$3.05M +$779K +66,520 +32%
Bank of Montreal
27
Bank of Montreal
Ontario, Canada
$2.97M – – –
Northwestern Mutual Wealth Management
28
Northwestern Mutual Wealth Management
Wisconsin
$2.86M +$309K +26,406 +12%
HighTower Advisors
29
HighTower Advisors
Illinois
$2.64M -$40.5K -3,458 -1%
EDRIA
30
Edmonds Duncan Registered Investment Advisors
Kansas
$2.63M -$14.2K -1,213 -0.5%
RJA
31
Raymond James & Associates
Florida
$2.62M +$39K +3,332 +1%
MRCM
32
M&R Capital Management
New Jersey
$2.34M -$381K -32,550 -13%
GC
33
Guggenheim Capital
Illinois
$2.2M -$188K -16,027 -8%
CA
34
Cornerstone Advisors
North Carolina
$2.18M -$309K -26,400 -12%
LCM
35
Landscape Capital Management
New Jersey
$1.76M +$937K +80,099 +104%
Lido Advisors
36
Lido Advisors
California
$1.68M +$754K +64,390 +76%
LPL Financial
37
LPL Financial
California
$1.64M +$168K +14,380 +11%
VF
38
Virtu Financial
New York
$1.43M +$1.5M +128,197 New
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$1.32M -$11.8K -1,005 -0.8%
PVWM
40
Point View Wealth Management
New Jersey
$1M +$108K +9,248 +11%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$999K +$654K +55,883 +167%
EIP
42
Ellis Investment Partners
Pennsylvania
$868K +$955K +81,577 New
WS
43
Wela Strategies
Georgia
$852K +$5.92K +506 +0.7%
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$850K -$213K -18,214 -19%
WCM
45
Whitener Capital Management
North Carolina
$848K +$667 +57 +0.1%
SDAM
46
Shulman DeMeo Asset Management
New York
$839K +$878K +75,012 New
AG
47
Advisor Group
Arizona
$810K -$142K -12,174 -14%
PMG
48
ProVise Management Group
Florida
$808K -$42.8K -3,659 -5%
OIA
49
OneDigital Investment Advisors
Kansas
$681K +$713K +60,937 New
Stifel Financial
50
Stifel Financial
Missouri
$672K -$7.06K -603 -1%
1
2
3 4 5

BTZ Hedge Fund Activity: Q4 2018 in Review

131 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2018, worth a combined $581M — down 3.4% from $601M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new BTZ positions and 18 closed out — a net gain of 2 holders — while 35 added to existing stakes and 44 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $9.51M. The largest seller was Arete Wealth Advisors, exiting entirely with an estimated $2.6M sold.

  • 131 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2018, up from 130 in Q3 2018.
  • Funds reported $581M of BlackRock Credit Allocation Income Trust stock for Q4 2018, down 3.4% quarter-over-quarter.
  • 20 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2018 and 18 closed out, a net change of +2 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2018 was Saba Capital Management, an estimated $9.51M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2018 was Arete Wealth Advisors, an estimated $2.6M sold.

Based on aggregated 13F filings for Q4 2018.