BlackRock Credit Allocation Income Trust
BTZ
113 hedge funds and large institutions have $526M invested in BlackRock Credit Allocation Income Trust in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 45 reducing their positions, and 12 closing their positions.
2% less capital invested
Capital invested by funds: $536M → $526M (-$9.55M)
1.82% less ownership
Funds ownership: 40.3% → 38.48% (-1.8%)
3% less funds holding
Funds holding: 116 → 113 (-3)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
24% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.48M |
| 2 |
LFR
Lehman Financial Resources
Media,
Pennsylvania
|
+$3.8M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.13M |
| 4 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
+$2.36M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGH
Cleary Gull Holdings
Milwaukee,
Wisconsin
|
-$8.12M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$6.9M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$4.5M |
| 4 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$3.89M |
| 5 |
SCM
Saba Capital Management
New York
|
-$3.8M |
BTZ Hedge Fund Activity: Q1 2016 in Review
113 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2016, worth a combined $526M — down 1.8% from $536M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BTZ and 10 opened new positions — a net loss of 2 holders — while 45 trimmed existing stakes and 34 added.
The largest buyer was Bank of America, adding an estimated $4.48M. The largest seller was Cleary Gull Holdings, cutting an estimated $8.12M.
- 113 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2016, down from 116 in Q4 2015.
- Funds reported $526M of BlackRock Credit Allocation Income Trust stock for Q1 2016, down 1.8% quarter-over-quarter.
- 10 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2016 and 12 closed out, a net change of -2 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q1 2016 was Bank of America, an estimated $4.48M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q1 2016 was Cleary Gull Holdings, an estimated $8.12M sold.
Based on aggregated 13F filings for Q1 2016.