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BlackRock Credit Allocation Income Trust
BTZ

131 hedge funds and large institutions have $581M invested in BlackRock Credit Allocation Income Trust in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 44 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 18

2.59% more ownership

Funds ownership: 46.3% → 48.88% (+2.6%)

1% more funds holding

Funds holding: 130 → 131 (+1)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less capital invested

Capital invested by funds: $601M → $581M (-$20.2M)

20% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 44

Holders
131
Holders Change
+1
Holders Change %
+0.77%
% of All Funds
2.92%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
20
Increased
35
Reduced
44
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$9.51M
2
Wells Fargo
Wells Fargo
California
+$9.24M
3
FIMG
Financial & Investment Management Group
Michigan
+$7.69M
4
1CP
1607 Capital Partners
Virginia
+$6.81M
5
Bank of America
Bank of America
North Carolina
+$4.7M

Top Sellers

Rank Fund Capital Flow
1
AWA
Arete Wealth Advisors
Illinois
-$2.6M
2
UBS Group
UBS Group
Switzerland
-$2.46M
3
RCM
Robinson Capital Management
Michigan
-$2.2M
4
CRC
Curi RMB Capital
Illinois
-$2.19M
5
NVIM
New Vernon Investment Management
Illinois
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
SI
51
Stephens Inc
Arkansas
$670K +$13.5K +1,156 +2%
PAG
52
Private Advisor Group
New Jersey
$597K -$65.8K -5,619 -10%
HK
53
Horizon Kinetics
New York
$591K – – –
FM
54
Family Management
New York
$591K +$619K +52,860 New
DWM
55
Dakota Wealth Management
Florida
$590K -$4.39K -375 -0.7%
AA
56
AQR Arbitrage
Connecticut
$581K +$416K +35,550 +217%
Baird Financial Group
57
Baird Financial Group
Wisconsin
$575K +$10.6K +904 +2%
MAFM
58
Mid Atlantic Financial Management
Pennsylvania
$538K +$563K +48,111 New
OA
59
Oxbow Advisors
Texas
$516K -$3.04K -260 -0.6%
WAM
60
Weiss Asset Management
Massachusetts
$514K +$538K +46,000 New
V
61
Veritable
Delaware
$508K +$532K +45,455 New
Thrivent Financial for Lutherans
62
Thrivent Financial for Lutherans
Minnesota
$492K +$11.5K +986 +2%
WIA
63
Westbourne Investment Advisors
Maryland
$445K +$64.4K +5,500 +16%
Janney Montgomery Scott
64
Janney Montgomery Scott
Pennsylvania
$433K +$2.91K +249 +0.6%
ACP
65
Aviance Capital Partners
Florida
$391K -$287K -24,534 -41%
Ameriprise
66
Ameriprise
Minnesota
$389K -$283K -24,157 -43%
N
67
Nuveen
North Carolina
$358K -$398K -34,000 -52%
BC
68
Burney Company
Virginia
$338K – – –
OFG
69
OTA Financial Group
New York
$290K +$304K +25,963 New
SWP
70
Stratos Wealth Partners
Ohio
$275K +$288K +24,613 New
SVWA
71
Sound View Wealth Advisors
Georgia
$268K +$280K +23,929 New
WS
72
Wedbush Securities
California
$264K -$13.1K -1,120 -5%
FAAS
73
First Allied Advisory Services
California
$262K +$120K +10,287 +79%
POIA
74
Pin Oak Investment Advisors
Texas
$256K – – –
ASN
75
Advisory Services Network
Georgia
$248K -$425K -36,339 -62%
1 2
3
4 5

BTZ Hedge Fund Activity: Q4 2018 in Review

131 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2018, worth a combined $581M — down 3.4% from $601M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new BTZ positions and 18 closed out — a net gain of 2 holders — while 35 added to existing stakes and 44 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $9.51M. The largest seller was Arete Wealth Advisors, exiting entirely with an estimated $2.6M sold.

  • 131 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2018, up from 130 in Q3 2018.
  • Funds reported $581M of BlackRock Credit Allocation Income Trust stock for Q4 2018, down 3.4% quarter-over-quarter.
  • 20 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2018 and 18 closed out, a net change of +2 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2018 was Saba Capital Management, an estimated $9.51M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2018 was Arete Wealth Advisors, an estimated $2.6M sold.

Based on aggregated 13F filings for Q4 2018.