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BlackRock Credit Allocation Income Trust
BTZ

149 hedge funds and large institutions have $333M invested in BlackRock Credit Allocation Income Trust in 2022 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 36 increasing their positions, 48 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 20

6% more capital invested

Capital invested by funds: $315M → $333M (+$17.7M)

1% more funds holding

Funds holding: 147 → 149 (+2)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.09% less ownership

Funds ownership: 35.3% → 35.2% (-0.09%)

25% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 48

Holders
149
Holders Change
+2
Holders Change %
+1.36%
% of All Funds
2.4%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
36
Reduced
48
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$5.45M
2
SFS
Sowell Financial Services
Arkansas
+$4.71M
3
SIA
Sit Investment Associates
Minnesota
+$4.4M
4
CIA
Capital Investment Advisors
Georgia
+$3.45M
5
ECM
Evergreen Capital Management
Washington
+$3.27M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$8.81M
2
GC
Guggenheim Capital
Illinois
-$5.62M
3
RCM
Rivernorth Capital Management
Florida
-$2.71M
4
Franklin Resources
Franklin Resources
California
-$2.38M
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$1.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
Thrivent Financial for Lutherans
26
Thrivent Financial for Lutherans
Minnesota
$2.56M – – –
LDFR
27
Lehman & Derafelo Financial Resources
Pennsylvania
$1.82M -$45.4K -4,474 -2%
Fiera Capital (Canada)
28
Fiera Capital (Canada)
Quebec, Canada
$1.68M +$90.8K +8,940 +6%
WW
29
Waterfront Wealth
Kansas
$1.67M -$19K -1,866 -1%
IWA
30
IBEX Wealth Advisors
New Jersey
$1.51M -$138K -13,612 -8%
Osaic Holdings
31
Osaic Holdings
Arizona
$1.33M -$381K -37,466 -22%
Rockefeller Capital Management
32
Rockefeller Capital Management
New York
$1.32M +$97.8K +9,627 +8%
CPIG
33
Chicago Partners Investment Group
Illinois
$983K – – –
AA
34
AQR Arbitrage
Connecticut
$938K -$400K -39,364 -30%
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$920K -$1.84M -181,261 -67%
TCA
36
Transcend Capital Advisors
New Jersey
$840K -$28.1K -2,770 -3%
EIP
37
Ellis Investment Partners
Pennsylvania
$761K -$190K -18,723 -20%
Ameriprise
38
Ameriprise
Minnesota
$753K -$57.3K -5,637 -7%
EC
39
Elequin Capital
New York
$678K +$682K +67,166 New
DADC
40
D.A. Davidson & Co
Montana
$662K +$299K +29,480 +82%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$660K +$243K +23,895 +58%
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$660K +$279K +27,494 +72%
SC
43
Stolper & Co
Oklahoma
$653K -$23.8K -2,339 -3%
PGFC
44
Peapack-Gladstone Financial Corp
New Jersey
$586K -$7.22K -711 -1%
SDAM
45
Shulman DeMeo Asset Management
New York
$577K -$39.3K -3,873 -6%
LCM
46
Landscape Capital Management
New Jersey
$561K +$79.4K +7,813 +16%
PVM
47
Palogic Value Management
Texas
$552K +$556K +54,702 New
SI
48
Stephens Inc
Arkansas
$506K -$60.5K -5,955 -11%
UCI
49
Uncommon Cents Investing
Wisconsin
$492K +$14.2K +1,400 +3%
HKAM
50
Horizon Kinetics Asset Management
New York
$448K – – –
1
2
3 4 5

BTZ Hedge Fund Activity: Q4 2022 in Review

149 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2022, worth a combined $333M — up 5.6% from $315M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new BTZ positions and 20 closed out — a net gain of 5 holders — while 36 added to existing stakes and 48 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $5.45M. The largest seller was Morgan Stanley, cutting an estimated $8.81M.

  • 149 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2022, up from 147 in Q3 2022.
  • Funds reported $333M of BlackRock Credit Allocation Income Trust stock for Q4 2022, up 5.6% quarter-over-quarter.
  • 25 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2022 and 20 closed out, a net change of +5 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2022 was Karpus Investment Management, an estimated $5.45M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2022 was Morgan Stanley, an estimated $8.81M sold.

Based on aggregated 13F filings for Q4 2022.