BlackRock Credit Allocation Income Trust
BTZ
125 hedge funds and large institutions have $597M invested in BlackRock Credit Allocation Income Trust in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 34 reducing their positions, and 18 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
38% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 34
0.04% more ownership
Funds ownership: 43.82% → 43.85% (+0.04%)
5% less funds holding
Funds holding: 131 → 125 (-6)
5% less capital invested
Capital invested by funds: $631M → $597M (-$33.9M)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$8.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.17M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.9M |
| 4 |
SCM
Saba Capital Management
New York
|
+$2M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$12M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$4.85M |
| 3 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$2.78M |
| 4 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$1.78M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.26M |
BTZ Hedge Fund Activity: Q1 2018 in Review
125 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2018, worth a combined $597M — down 5.4% from $631M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BTZ and 12 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 47 added.
The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $8.2M. The largest seller was UBS Group, cutting an estimated $12M.
- 125 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2018, down from 131 in Q4 2017.
- Funds reported $597M of BlackRock Credit Allocation Income Trust stock for Q1 2018, down 5.4% quarter-over-quarter.
- 12 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2018 and 18 closed out, a net change of -6 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q1 2018 was Financial & Investment Management Group, an estimated $8.2M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q1 2018 was UBS Group, an estimated $12M sold.
Based on aggregated 13F filings for Q1 2018.