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BlackRock Credit Allocation Income Trust
BTZ

113 hedge funds and large institutions have $617M invested in BlackRock Credit Allocation Income Trust in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 47 increasing their positions, 31 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 31

1.04% more ownership

Funds ownership: 41.29% → 42.33% (+1%)

2% more capital invested

Capital invested by funds: $605M → $617M (+$11.7M)

2% less funds holding

Funds holding: 115 → 113 (-2)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
113
Holders Change
-2
Holders Change %
-1.74%
% of All Funds
2.82%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
9
Increased
47
Reduced
31
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$18.4M
2
Bank of America
Bank of America
North Carolina
+$3.28M
3
KIM
Karpus Investment Management
New York
+$3.15M
4
EDRIA
Edmonds Duncan Registered Investment Advisors
Kansas
+$1.76M
5
FFA
First Foundation Advisors
California
+$1.24M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$6.08M
2
AWMS
Advocacy Wealth Management Services
Georgia
-$4.93M
3
GEM
Global Endowment Management
North Carolina
-$1.34M
4
RVPG
Relative Value Partners Group
-$1.34M
5
CRC
Curi RMB Capital
Illinois
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWM
51
AE Wealth Management
Kansas
$635K +$96K +7,144 +18%
CRC
52
Curi RMB Capital
Illinois
$538K -$1.16M -86,482 -69%
HCM
53
Hollencrest Capital Management
California
$532K – – –
CAS
54
Cue Advisory Services
Arizona
$505K -$20.2K -1,500 -4%
ACP
55
Aviance Capital Partners
Florida
$499K +$6.74K +501 +1%
AWA
56
Arete Wealth Advisors
Illinois
$469K -$3.01K -224 -0.6%
Millennium Management
57
Millennium Management
New York
$451K -$21.9K -1,632 -5%
Janney Montgomery Scott
58
Janney Montgomery Scott
Pennsylvania
$442K +$56.9K +4,234 +15%
CP
59
Camelot Portfolios
Ohio
$419K -$102K -7,552 -20%
BC
60
Burney Company
Virginia
$409K -$55.8K -4,151 -12%
CHAM
61
Clear Harbor Asset Management
Connecticut
$394K +$1.36K +101 +0.3%
Thrivent Financial for Lutherans
62
Thrivent Financial for Lutherans
Minnesota
$385K +$10.4K +774 +3%
IA
63
IFP Advisors
Florida
$376K – – –
LCM
64
Landscape Capital Management
New Jersey
$370K -$172K -12,825 -32%
OC
65
Oppenheimer & Co
New York
$362K +$7.69K +572 +2%
SWP
66
Stratos Wealth Partners
Ohio
$354K +$351K +26,076 New
HCMT
67
Highland Capital Management (Texas)
Texas
$353K – – –
EWM
68
Edge Wealth Management
New York
$320K -$5.38K -400 -2%
CCB
69
Cutter & Co Brokerage
Missouri
$296K – – –
Lido Advisors
70
Lido Advisors
California
$291K +$293K +21,801 New
WIA
71
Westbourne Investment Advisors
Maryland
$287K +$33.6K +2,500 +13%
SI
72
SII Investments
Wisconsin
$281K – – –
Susquehanna International Group
73
Susquehanna International Group
Pennsylvania
$280K +$278K +20,647 New
RCM
74
Robinson Capital Management
Michigan
$271K – – –
IAMOG
75
Investors Asset Management of Georgia
Georgia
$265K – – –
1 2
3
4 5

BTZ Hedge Fund Activity: Q3 2017 in Review

113 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2017, worth a combined $617M — up 1.9% from $605M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BTZ and 9 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 47 added.

The largest buyer was Wells Fargo, adding an estimated $18.4M. The largest seller was Sit Investment Associates, cutting an estimated $6.08M.

  • 113 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2017, down from 115 in Q2 2017.
  • Funds reported $617M of BlackRock Credit Allocation Income Trust stock for Q3 2017, up 1.9% quarter-over-quarter.
  • 9 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2017 and 10 closed out, a net change of -1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q3 2017 was Wells Fargo, an estimated $18.4M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q3 2017 was Sit Investment Associates, an estimated $6.08M sold.

Based on aggregated 13F filings for Q3 2017.