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BlackRock Credit Allocation Income Trust
BTZ

132 hedge funds and large institutions have $399M invested in BlackRock Credit Allocation Income Trust in 2020 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 24 increasing their positions, 63 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% less funds holding

Funds holding: 140 → 132 (-8)

7.63% less ownership

Funds ownership: 41.05% → 33.42% (-7.6%)

20% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 30

33% less capital invested

Capital invested by funds: $596M → $399M (-$197M)

62% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 63

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
132
Holders Change
-8
Holders Change %
-5.71%
% of All Funds
2.91%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
24
Increased
24
Reduced
63
Closed
30
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$14.6M
2
GC
Guggenheim Capital
Illinois
+$12.1M
3
HighTower Advisors
HighTower Advisors
Illinois
+$2.63M
4
Cohen & Steers
Cohen & Steers
New York
+$1.88M
5
ECM
Evergreen Capital Management
Washington
+$1.55M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$41.9M
2
RCM
Rivernorth Capital Management
Florida
-$26M
3
RVPG
Relative Value Partners Group
-$13.8M
4
Bank of America
Bank of America
North Carolina
-$10.9M
5
SCM
Saba Capital Management
New York
-$7.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$2.37M -$687K -50,840 -20%
HighTower Advisors
27
HighTower Advisors
Illinois
$2.26M +$2.63M +194,406 New
AA
28
Apriem Advisors
California
$1.77M -$1.3M -95,994 -39%
Cohen & Steers
29
Cohen & Steers
New York
$1.62M +$1.88M +139,283 New
ECM
30
Evergreen Capital Management
Washington
$1.34M +$1.55M +114,630 New
Osaic Holdings
31
Osaic Holdings
Arizona
$1.16M +$1.89M +139,585 New
CIC
32
Carnegie Investment Counsel
Ohio
$1.09M -$106K -7,831 -8%
BCM
33
Bourgeon Capital Management
Connecticut
$1.09M +$1.06M +78,571 +524%
TA
34
TCG Advisors
Texas
$1.02M -$464K -34,336 -28%
PMG
35
ProVise Management Group
Florida
$886K -$56.7K -4,191 -5%
EIP
36
Ellis Investment Partners
Pennsylvania
$886K -$24.5K -1,814 -2%
FM
37
Family Management
New York
$884K +$590K +43,617 +135%
SDAM
38
Shulman DeMeo Asset Management
New York
$856K -$14.3K -1,055 -1%
WCM
39
Whitener Capital Management
North Carolina
$849K +$3.51K +260 +0.4%
JG
40
Jefferies Group
New York
$845K +$994K +73,536 New
AAM
41
Advisors Asset Management
Colorado
$763K -$3.72K -275 -0.4%
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$754K -$57.9K -4,285 -6%
PVWM
43
Point View Wealth Management
New Jersey
$737K -$92.3K -6,828 -10%
SI
44
Stephens Inc
Arkansas
$727K +$22K +1,625 +3%
Rockefeller Capital Management
45
Rockefeller Capital Management
New York
$720K +$175K +12,954 +27%
RVPG
46
Relative Value Partners Group
$645K -$13.8M -1,021,033 -95%
HKAM
47
Horizon Kinetics Asset Management
New York
$607K -$495K -36,638 -41%
SC
48
Stolper & Co
Oklahoma
$591K +$685K +50,676 New
OC
49
Oppenheimer & Co
New York
$582K +$16.3K +1,206 +2%
OA
50
Oxbow Advisors
Texas
$522K – – –
1
2
3 4 5

BTZ Hedge Fund Activity: Q1 2020 in Review

132 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2020, worth a combined $399M — down 33% from $596M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of BTZ and 24 opened new positions — a net loss of 6 holders — while 63 trimmed existing stakes and 24 added.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $14.6M. The largest seller was Wells Fargo, cutting an estimated $41.9M.

  • 132 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2020, down from 140 in Q4 2019.
  • Funds reported $399M of BlackRock Credit Allocation Income Trust stock for Q1 2020, down 33% quarter-over-quarter.
  • 24 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2020 and 30 closed out, a net change of -6 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $14.6M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q1 2020 was Wells Fargo, an estimated $41.9M sold.

Based on aggregated 13F filings for Q1 2020.