BlackRock Credit Allocation Income Trust
BTZ
103 hedge funds and large institutions have $573M invested in BlackRock Credit Allocation Income Trust in 2015 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 34 reducing their positions, and 16 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 34
3% more capital invested
Capital invested by funds: $557M → $573M (+$16M)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
0.5% less ownership
Funds ownership: 39.88% → 39.38% (-0.5%)
6% less funds holding
Funds holding: 110 → 103 (-7)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$10.9M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$4.35M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
+$3.55M |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$1.74M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$17.6M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$8.13M |
| 3 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
-$2.79M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.68M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.44M |
BTZ Hedge Fund Activity: Q1 2015 in Review
103 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2015, worth a combined $573M — up 2.9% from $557M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BTZ and 10 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 35 added.
The largest buyer was Wells Fargo, adding an estimated $10.9M. The largest seller was Saba Capital Management, cutting an estimated $17.6M.
- 103 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2015, down from 110 in Q4 2014.
- Funds reported $573M of BlackRock Credit Allocation Income Trust stock for Q1 2015, up 2.9% quarter-over-quarter.
- 10 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2015 and 16 closed out, a net change of -6 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q1 2015 was Wells Fargo, an estimated $10.9M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q1 2015 was Saba Capital Management, an estimated $17.6M sold.
Based on aggregated 13F filings for Q1 2015.