We are live on ! Find out more
BTZ icon

BlackRock Credit Allocation Income Trust
BTZ

91 hedge funds and large institutions have $447M invested in BlackRock Credit Allocation Income Trust in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 24 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 24

6% more capital invested

Capital invested by funds: $420M → $447M (+$27.2M)

1.76% more ownership

Funds ownership: 29.9% → 31.66% (+1.8%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

2% less funds holding

Funds holding: 93 → 91 (-2)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

Holders
91
Holders Change
-2
Holders Change %
-2.15%
% of All Funds
2.95%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
14
Increased
33
Reduced
24
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$12.9M
2
TAM
Third Avenue Management
New York
+$5.63M
3
AIM
Assured Investment Management
New York
+$5.03M
4
Invesco
Invesco
Georgia
+$4.92M
5
Wells Fargo
Wells Fargo
California
+$4.2M

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$5.99M
2
LIM
Longfellow Investment Management
Massachusetts
-$4.63M
3
SG Americas Securities
SG Americas Securities
New York
-$4.2M
4
CA
Commerzbank Aktiengesellschaft
Germany
-$4.16M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
VAM
51
Visium Asset Management
New York
$404K +$3.75K +298 +1%
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$392K +$379K +30,089 New
Deutsche Bank
53
Deutsche Bank
Germany
$390K +$220K +17,500 +140%
Cambridge Investment Research Advisors
54
Cambridge Investment Research Advisors
Iowa
$320K +$11.9K +942 +4%
CCB
55
Cutter & Co Brokerage
Missouri
$282K -$5.03K -400 -2%
OA
56
Oxbow Advisors
Texas
$261K +$73.4K +5,830 +41%
RA
57
RMR Advisors
Massachusetts
$254K – – –
SGCA
58
Steel Grove Capital Advisors
Tennessee
$253K -$3.37K -268 -1%
CB
59
Chemical Bank
Michigan
$240K – – –
OC
60
Oppenheimer & Co
New York
$238K -$10.8K -859 -4%
Ameriprise
61
Ameriprise
Minnesota
$211K -$22K -1,746 -10%
PI
62
Placemark Investments
Illinois
$180K +$2.94K +234 +2%
Comerica Bank
63
Comerica Bank
Texas
$178K -$10.3K -820 -6%
ICAS
64
Investors Capital Advisory Services
Massachusetts
$167K +$162K +12,837 New
CA
65
Cornerstone Advisors
North Carolina
$164K – – –
WS
66
Wedbush Securities
California
$160K +$154K +12,240 New
Commonwealth Equity Services
67
Commonwealth Equity Services
Massachusetts
$135K -$1.58M -125,400 -92%
CHAM
68
Clear Harbor Asset Management
Connecticut
$135K +$130K +10,358 New
CWM
69
Concert Wealth Management
California
$132K – – –
First Manhattan
70
First Manhattan
New York
$130K – – –
IMS
71
Index Management Solutions
Pennsylvania
$106K +$102K +8,100 New
Creative Planning
72
Creative Planning
Kansas
$103K +$51.4K +4,080 +108%
WA
73
WFG Advisors
Texas
$92K +$63 +5 +0.1%
NES
74
New England Securities
New York
$91K – – –
AIG
75
American International Group
New York
$64.3K -$15.1K -1,201 -20%
1 2
3
4 5

BTZ Hedge Fund Activity: Q3 2013 in Review

91 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2013, worth a combined $447M — up 6.5% from $420M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of BTZ and 14 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 33 added.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $12.9M. The largest seller was Sit Investment Associates, cutting an estimated $5.99M.

  • 91 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2013, down from 93 in Q2 2013.
  • Funds reported $447M of BlackRock Credit Allocation Income Trust stock for Q3 2013, up 6.5% quarter-over-quarter.
  • 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2013 and 16 closed out, a net change of -2 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q3 2013 was Saba Capital Management, an estimated $12.9M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q3 2013 was Sit Investment Associates, an estimated $5.99M sold.

Based on aggregated 13F filings for Q3 2013.