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BlackRock Credit Allocation Income Trust
BTZ

128 hedge funds and large institutions have $635M invested in BlackRock Credit Allocation Income Trust in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 44 increasing their positions, 41 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $581M → $635M (+$54.4M)

7% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 41

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.74% less ownership

Funds ownership: 48.88% → 48.15% (-0.74%)

7% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 14

2% less funds holding

Funds holding: 131 → 128 (-3)

Holders
128
Holders Change
-3
Holders Change %
-2.29%
% of All Funds
2.77%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
13
Increased
44
Reduced
41
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$26M
2
Bank of America
Bank of America
North Carolina
+$3.28M
3
NL
NWAM LLC
Washington
+$1.11M
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1M
5
RJA
Raymond James & Associates
Florida
+$996K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$8.97M
2
Wells Fargo
Wells Fargo
California
-$7.79M
3
VIA
Vident Investment Advisory
Georgia
-$3.38M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$3.14M
5
VF
Virtu Financial
New York
-$1.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
FFA
26
First Foundation Advisors
California
$3.11M -$762K -63,614 -20%
HighTower Advisors
27
HighTower Advisors
Illinois
$2.93M -$1.13K -94 -0%
EDRIA
28
Edmonds Duncan Registered Investment Advisors
Kansas
$2.92M +$2.49K +208 +0.1%
MRCM
29
M&R Capital Management
New Jersey
$2.65M -$5.99K -500 -0.2%
GC
30
Guggenheim Capital
Illinois
$2.65M +$202K +16,829 +9%
CA
31
Cornerstone Advisors
North Carolina
$2.42M – – –
LPL Financial
32
LPL Financial
California
$2.01M +$177K +14,787 +10%
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$1.98M +$1M +83,689 +110%
LCM
34
Landscape Capital Management
New Jersey
$1.71M -$233K -19,457 -12%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$1.44M -$25.8K -2,155 -2%
HKAM
36
Horizon Kinetics Asset Management
New York
$1.21M +$1.16M +97,116 New
PVWM
37
Point View Wealth Management
New Jersey
$1.16M +$40.7K +3,396 +4%
EIP
38
Ellis Investment Partners
Pennsylvania
$969K -$44.1K -3,679 -5%
WCM
39
Whitener Capital Management
North Carolina
$938K -$2.53K -211 -0.3%
SDAM
40
Shulman DeMeo Asset Management
New York
$929K -$1.39K -116 -0.2%
PMG
41
ProVise Management Group
Florida
$904K +$7.04K +587 +0.8%
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$902K -$200K -16,679 -19%
WS
43
Wela Strategies
Georgia
$871K -$72.1K -6,018 -8%
Millennium Management
44
Millennium Management
New York
$862K +$685K +57,145 +463%
Lido Advisors
45
Lido Advisors
California
$829K -$987K -82,356 -55%
Stifel Financial
46
Stifel Financial
Missouri
$809K +$65.7K +5,480 +9%
AG
47
Advisor Group
Arizona
$804K -$91.7K -7,648 -11%
SI
48
Stephens Inc
Arkansas
$744K +$24 +2 +0%
OIA
49
OneDigital Investment Advisors
Kansas
$731K -$24.6K -2,055 -3%
FM
50
Family Management
New York
$697K +$39.6K +3,307 +6%
1
2
3 4 5

BTZ Hedge Fund Activity: Q1 2019 in Review

128 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2019, worth a combined $635M — up 9.4% from $581M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BTZ and 13 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 44 added.

The largest buyer was Saba Capital Management, adding an estimated $26M. The largest seller was UBS Group, cutting an estimated $8.97M.

  • 128 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2019, down from 131 in Q4 2018.
  • Funds reported $635M of BlackRock Credit Allocation Income Trust stock for Q1 2019, up 9.4% quarter-over-quarter.
  • 13 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2019 and 14 closed out, a net change of -1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q1 2019 was Saba Capital Management, an estimated $26M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q1 2019 was UBS Group, an estimated $8.97M sold.

Based on aggregated 13F filings for Q1 2019.