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BlackRock Credit Allocation Income Trust
BTZ

116 hedge funds and large institutions have $536M invested in BlackRock Credit Allocation Income Trust in 2015 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 11

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

14% more funds holding

Funds holding: 102 → 116 (+14)

4% more capital invested

Capital invested by funds: $516M → $536M (+$19.8M)

0.9% more ownership

Funds ownership: 39.4% → 40.3% (+0.9%)

16% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 37

Holders
116
Holders Change
+14
Holders Change %
+13.73%
% of All Funds
3.04%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.18%
New
26
Increased
31
Reduced
37
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CGH
Cleary Gull Holdings
Wisconsin
+$9.44M
2
Wells Fargo
Wells Fargo
California
+$9.44M
3
KIM
Karpus Investment Management
New York
+$8.26M
4
NL
NWAM LLC
Washington
+$7.95M
5
FWIA
Fort Washington Investment Advisors
Ohio
+$3.96M

Top Sellers

1
RVPG
Relative Value Partners Group
-$12M
2
CC
Carlson Capital
Texas
-$6.39M
3
FIMG
Financial & Investment Management Group
Michigan
-$5.4M
4
TAM
Third Avenue Management
New York
-$4.99M
5
SCM
Saba Capital Management
New York
-$3.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
76
Bank of New York Mellon
New York
$253K +$93.1K +7,553 +58%
IAMOG
77
Investors Asset Management of Georgia
Georgia
$247K – – –
MFS
78
MSI Financial Services
Massachusetts
$247K +$64.7K +5,253 +36%
RA
79
RMR Advisors
Massachusetts
$240K – – –
CCB
80
Cutter & Co Brokerage
Missouri
$232K +$5.42K +440 +2%
NMC
81
Nine Masts Capital
Hong Kong
$230K +$230K +18,652 New
LTFS
82
Ladenburg Thalmann Financial Services
Florida
$188K +$6.24K +506 +3%
CB
83
Chemical Bank
Michigan
$173K – – –
CWM
84
Concert Wealth Management
California
$171K +$653 +53 +0.4%
CA
85
Cetera Advisors
Colorado
$170K -$25.8K -2,092 -13%
Goldman Sachs
86
Goldman Sachs
New York
$143K -$592 -48 -0.4%
RMC
87
Regis Management Company
California
$130K +$129K +10,501 New
AIA
88
Allegis Investment Advisors
Idaho
$123K +$123K +10,003 New
IA
89
IFP Advisors
Florida
$93K +$92.8K +7,526 New
PNC Financial Services Group
90
PNC Financial Services Group
Pennsylvania
$92K -$179K -14,526 -66%
Fifth Third Bancorp
91
Fifth Third Bancorp
Ohio
$67K -$4.58K -372 -6%
Envestnet Asset Management
92
Envestnet Asset Management
Illinois
$67K -$407 -33 -0.6%
US Bancorp
93
US Bancorp
Minnesota
$64K +$6.16K +500 +11%
CPIG
94
Chicago Partners Investment Group
Illinois
$50K – – –
S
95
SignatureFD
Georgia
$44K – – –
Creative Planning
96
Creative Planning
Kansas
$43K +$5.85K +475 +16%
DADC
97
D.A. Davidson & Co
Montana
$33K -$9.14K -742 -22%
ACS
98
Archford Capital Strategies
Illinois
$28K +$26.2K +2,127 New
WAM
99
Wealthspire Advisors (Maryland)
Maryland
$27K +$26.5K +2,154 New
FNBT
100
FineMark National Bank & Trust
Florida
$25K +$24.6K +2,000 New
2 3
4
5 6

BTZ Hedge Fund Activity: Q4 2015 in Review

116 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2015, worth a combined $536M — up 3.8% from $516M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new BTZ positions and 11 closed out — a net gain of 15 holders — while 31 added to existing stakes and 37 trimmed.

The largest buyer was Cleary Gull Holdings, adding an estimated $9.44M. The largest seller was Relative Value Partners Group, cutting an estimated $12M.

  • 116 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2015, up from 102 in Q3 2015.
  • Funds reported $536M of BlackRock Credit Allocation Income Trust stock for Q4 2015, up 3.8% quarter-over-quarter.
  • 26 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2015 and 11 closed out, a net change of +15 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2015 was Cleary Gull Holdings, an estimated $9.44M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2015 was Relative Value Partners Group, an estimated $12M sold.

Based on aggregated 13F filings for Q4 2015.