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BlackRock Credit Allocation Income Trust
BTZ

140 hedge funds and large institutions have $596M invested in BlackRock Credit Allocation Income Trust in 2019 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 53 increasing their positions, 28 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 14

89% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 28

13% more funds holding

Funds holding: 124 → 140 (+16)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5.4% less ownership

Funds ownership: 46.45% → 41.05% (-5.4%)

6% less capital invested

Capital invested by funds: $631M → $596M (-$34.9M)

Holders
140
Holders Change
+16
Holders Change %
+12.9%
% of All Funds
2.76%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
32
Increased
53
Reduced
28
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$17.6M
2
SIA
Sit Investment Associates
Minnesota
+$13.7M
3
BI
Bramshill Investments
Florida
+$6.53M
4
PCM
Penserra Capital Management
California
+$3.26M
5
UBS Group
UBS Group
Switzerland
+$2.47M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$55.1M
2
KIM
Karpus Investment Management
New York
-$36.6M
3
Wells Fargo
Wells Fargo
California
-$27.7M
4
BI
Bulldog Investors
New Jersey
-$4.62M
5
1CP
1607 Capital Partners
Virginia
-$3.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
26
Penserra Capital Management
California
$3.42M +$3.26M +239,426 New
GC
27
Guggenheim Capital
Illinois
$3.13M -$135K -9,918 -4%
LPL Financial
28
LPL Financial
California
$2.9M +$36.9K +2,708 +1%
Stifel Financial
29
Stifel Financial
Missouri
$2.07M +$1.07M +78,343 +111%
Millennium Management
30
Millennium Management
New York
$1.9M +$1.71M +125,261 +1,151%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$1.83M +$107K +7,851 +6%
TA
32
TCG Advisors
Texas
$1.7M +$467K +34,260 +39%
CIC
33
Carnegie Investment Counsel
Ohio
$1.42M +$24.7K +1,815 +2%
OMC
34
Old Mission Capital
Illinois
$1.3M +$1.27M +93,270 New
HKAM
35
Horizon Kinetics Asset Management
New York
$1.24M +$736 +54 +0.1%
CCP
36
Clough Capital Partners
Massachusetts
$1.23M +$1.2M +87,800 New
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$1.13M -$16.9K -1,237 -2%
PMG
38
ProVise Management Group
Florida
$1.12M -$6.58K -483 -0.6%
EIP
39
Ellis Investment Partners
Pennsylvania
$1.1M +$18.2K +1,332 +2%
SDAM
40
Shulman DeMeo Asset Management
New York
$1.04M -$2.44K -179 -0.2%
WCM
41
Whitener Capital Management
North Carolina
$1.01M -$6.65K -488 -0.7%
PVWM
42
Point View Wealth Management
New Jersey
$979K -$107K -7,857 -10%
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$964K +$505K +37,065 +116%
WS
44
Wela Strategies
Georgia
$953K -$27.1K -1,985 -3%
AAM
45
Advisors Asset Management
Colorado
$919K +$28.2K +2,071 +3%
SI
46
Stephens Inc
Arkansas
$848K -$36.9K -2,710 -4%
Lido Advisors
47
Lido Advisors
California
$733K -$57.4K -4,208 -7%
Janus Henderson Group
48
Janus Henderson Group
United Kingdom
$725K -$754K -55,335 -52%
RCM
49
Robinson Capital Management
Michigan
$699K +$682K +50,000 New
Rockefeller Capital Management
50
Rockefeller Capital Management
New York
$682K +$592K +43,419 +812%
1
2
3 4 5

BTZ Hedge Fund Activity: Q4 2019 in Review

140 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2019, worth a combined $596M — down 5.5% from $631M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BTZ positions and 14 closed out — a net gain of 18 holders — while 53 added to existing stakes and 28 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $17.6M. The largest seller was Saba Capital Management, cutting an estimated $55.1M.

  • 140 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2019, up from 124 in Q3 2019.
  • Funds reported $596M of BlackRock Credit Allocation Income Trust stock for Q4 2019, down 5.5% quarter-over-quarter.
  • 32 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2019 and 14 closed out, a net change of +18 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2019 was Rivernorth Capital Management, an estimated $17.6M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2019 was Saba Capital Management, an estimated $55.1M sold.

Based on aggregated 13F filings for Q4 2019.