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BlackRock Credit Allocation Income Trust
BTZ

140 hedge funds and large institutions have $596M invested in BlackRock Credit Allocation Income Trust in 2019 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 53 increasing their positions, 28 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 14

89% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 28

13% more funds holding

Funds holding: 124 → 140 (+16)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5.4% less ownership

Funds ownership: 46.45% → 41.05% (-5.4%)

6% less capital invested

Capital invested by funds: $631M → $596M (-$34.9M)

Holders
140
Holders Change
+16
Holders Change %
+12.9%
% of All Funds
2.76%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
32
Increased
53
Reduced
28
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$17.6M
2
SIA
Sit Investment Associates
Minnesota
+$13.7M
3
BI
Bramshill Investments
Florida
+$6.53M
4
PCM
Penserra Capital Management
California
+$3.26M
5
UBS Group
UBS Group
Switzerland
+$2.47M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$55.1M
2
KIM
Karpus Investment Management
New York
-$36.6M
3
Wells Fargo
Wells Fargo
California
-$27.7M
4
BI
Bulldog Investors
New Jersey
-$4.62M
5
1CP
1607 Capital Partners
Virginia
-$3.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
51
Oppenheimer & Co
New York
$680K +$12.8K +942 +2%
AG
52
Advisor Group
Arizona
$632K +$94.3K +6,921 +18%
Janney Montgomery Scott
53
Janney Montgomery Scott
Pennsylvania
$630K -$7.18K -527 -1%
OA
54
Oxbow Advisors
Texas
$625K -$23.9K -1,750 -4%
P
55
&Partners
Tennessee
$617K +$1.21K +89 +0.2%
ACP
56
Aviance Capital Partners
Florida
$603K +$163K +11,956 +38%
Truist Financial
57
Truist Financial
North Carolina
$603K +$350K +25,707 +147%
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$563K +$74.9K +5,493 +16%
WIA
59
Westbourne Investment Advisors
Maryland
$542K +$50.3K +3,690 +11%
Ameriprise
60
Ameriprise
Minnesota
$540K -$60K -4,404 -10%
PAG
61
Private Advisor Group
New Jersey
$505K -$13K -956 -3%
UCI
62
Uncommon Cents Investing
Wisconsin
$455K – – –
PAS
63
Park Avenue Securities
New York
$455K +$102K +7,453 +30%
FM
64
Family Management
New York
$450K +$9.69K +711 +2%
CP
65
Camelot Portfolios
Ohio
$423K +$8.78K +644 +2%
BC
66
Burney Company
Virginia
$415K +$35.2K +2,585 +10%
ASN
67
Advisory Services Network
Georgia
$384K -$6.13K -450 -2%
SCA
68
SMH Capital Advisors
Texas
$351K +$9.18K +673 +3%
WS
69
Wedbush Securities
California
$349K +$15.8K +1,158 +5%
SVWAG
70
Sound View Wealth Advisors Group
Georgia
$348K – – –
EGA
71
E&G Advisors
Texas
$334K +$326K +23,900 New
SWP
72
Stratos Wealth Partners
Ohio
$330K – – –
SFS
73
Shaker Financial Services
Virginia
$322K +$314K +23,000 New
POIA
74
Pin Oak Investment Advisors
Texas
$320K – – –
SCA
75
Strategic Capital Advisers
Colorado
$317K +$309K +22,644 New
1 2
3
4 5

BTZ Hedge Fund Activity: Q4 2019 in Review

140 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2019, worth a combined $596M — down 5.5% from $631M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BTZ positions and 14 closed out — a net gain of 18 holders — while 53 added to existing stakes and 28 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $17.6M. The largest seller was Saba Capital Management, cutting an estimated $55.1M.

  • 140 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2019, up from 124 in Q3 2019.
  • Funds reported $596M of BlackRock Credit Allocation Income Trust stock for Q4 2019, down 5.5% quarter-over-quarter.
  • 32 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2019 and 14 closed out, a net change of +18 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2019 was Rivernorth Capital Management, an estimated $17.6M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2019 was Saba Capital Management, an estimated $55.1M sold.

Based on aggregated 13F filings for Q4 2019.