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BlackRock Credit Allocation Income Trust
BTZ

116 hedge funds and large institutions have $575M invested in BlackRock Credit Allocation Income Trust in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 49 increasing their positions, 30 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 30

3.02% more ownership

Funds ownership: 38% → 41.02% (+3%)

3% more capital invested

Capital invested by funds: $557M → $575M (+$18.3M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

7% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 15

3% less funds holding

Funds holding: 119 → 116 (-3)

Holders
116
Holders Change
-3
Holders Change %
-2.52%
% of All Funds
2.9%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
14
Increased
49
Reduced
30
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
N
Nuveen
North Carolina
+$12.3M
2
Wells Fargo
Wells Fargo
California
+$11.1M
3
FWIA
Fort Washington Investment Advisors
Ohio
+$8.15M
4
KIM
Karpus Investment Management
New York
+$4.44M
5
Millennium Management
Millennium Management
New York
+$3.14M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.77M
2
JHIU
Janus Henderson Investors US
Colorado
-$1.3M
3
YMRC
Yorktown Management & Research Company
Virginia
-$1.2M
4
First Trust Advisors
First Trust Advisors
Illinois
-$1.16M
5
NVIM
New Vernon Investment Management
Illinois
-$762K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAS
51
Cue Advisory Services
Arizona
$874K -$251K -19,776 -23%
Ameriprise
52
Ameriprise
Minnesota
$853K -$667K -52,545 -44%
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$759K +$743K +58,527 New
SI
54
Stephens Inc
Arkansas
$754K +$27.1K +2,134 +4%
PVWM
55
Point View Wealth Management
New Jersey
$743K +$111K +8,745 +18%
CRC
56
Curi RMB Capital
Illinois
$703K -$6.35K -500 -0.9%
TJHA
57
Thomas J. Herzfeld Advisors
Florida
$562K +$303K +23,884 +123%
CP
58
Camelot Portfolios
Ohio
$561K +$17.8K +1,401 +3%
CHAM
59
Clear Harbor Asset Management
Connecticut
$559K -$46.8K -3,687 -8%
HCM
60
Hollencrest Capital Management
California
$509K +$25 +2 +0%
AWA
61
Arete Wealth Advisors
Illinois
$495K -$82.1K -6,468 -14%
NCM
62
Narwhal Capital Management
Georgia
$487K +$6.94K +547 +1%
Squarepoint
63
Squarepoint
New York
$482K +$472K +37,200 New
BC
64
Burney Company
Virginia
$446K -$15.3K -1,206 -3%
VKH
65
Virtu KCG Holdings
New York
$442K +$433K +34,091 New
AGM
66
Alpine Global Management
New York
$421K +$412K +32,478 New
HCMT
67
Highland Capital Management (Texas)
Texas
$337K – – –
OC
68
Oppenheimer & Co
New York
$336K +$2.54K +200 +0.8%
ACP
69
Aviance Capital Partners
Florida
$330K +$46.9K +3,698 +17%
EWM
70
Edge Wealth Management
New York
$318K -$40.8K -3,215 -12%
CCB
71
Cutter & Co Brokerage
Missouri
$282K – – –
RCM
72
Robinson Capital Management
Michigan
$259K – – –
IAMOG
73
Investors Asset Management of Georgia
Georgia
$253K – – –
RA
74
RMR Advisors
Massachusetts
$252K – – –
MFS
75
MSI Financial Services
Massachusetts
$234K +$8.19K +645 +4%
1 2
3
4 5

BTZ Hedge Fund Activity: Q4 2016 in Review

116 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2016, worth a combined $575M — up 3.3% from $557M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of BTZ and 14 opened new positions — a net loss of 1 holder — while 30 trimmed existing stakes and 49 added.

The largest buyer was Nuveen, adding an estimated $12.3M. The largest seller was Sit Investment Associates, cutting an estimated $1.77M.

  • 116 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2016, down from 119 in Q3 2016.
  • Funds reported $575M of BlackRock Credit Allocation Income Trust stock for Q4 2016, up 3.3% quarter-over-quarter.
  • 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2016 and 15 closed out, a net change of -1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2016 was Nuveen, an estimated $12.3M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2016 was Sit Investment Associates, an estimated $1.77M sold.

Based on aggregated 13F filings for Q4 2016.