BlackRock Credit Allocation Income Trust
BTZ
101 hedge funds and large institutions have $528M invested in BlackRock Credit Allocation Income Trust in 2014 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 13 closing their positions.
69% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 13
48% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 23
10% more funds holding
Funds holding: 92 → 101 (+9)
6% more capital invested
Capital invested by funds: $497M → $528M (+$30.6M)
0.61% more ownership
Funds ownership: 35.49% → 36.1% (+0.61%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.1M |
| 2 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$6M |
| 3 |
SCM
Saba Capital Management
New York
|
+$5.29M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$3.44M |
| 5 |
BG
BlackRock Group
London,
United Kingdom
|
+$3.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$8.74M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$6.91M |
| 3 |
Morgan Stanley
New York
|
-$6.37M |
| 4 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$5.39M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.65M |
BTZ Hedge Fund Activity: Q1 2014 in Review
101 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2014, worth a combined $528M — up 6.2% from $497M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BTZ positions and 13 closed out — a net gain of 9 holders — while 34 added to existing stakes and 23 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $9.1M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $8.74M sold.
- 101 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2014, up from 92 in Q4 2013.
- Funds reported $528M of BlackRock Credit Allocation Income Trust stock for Q1 2014, up 6.2% quarter-over-quarter.
- 22 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2014 and 13 closed out, a net change of +9 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q1 2014 was Karpus Investment Management, an estimated $9.1M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q1 2014 was Pine River Capital Management, an estimated $8.74M sold.
Based on aggregated 13F filings for Q1 2014.