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BlackRock Credit Allocation Income Trust
BTZ

113 hedge funds and large institutions have $537M invested in BlackRock Credit Allocation Income Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 29 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 29

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

2% more capital invested

Capital invested by funds: $526M → $537M (+$10.9M)

0% more funds holding

Funds holding: 113 → 113 (0)

0.92% less ownership

Funds ownership: 38.48% → 37.56% (-0.92%)

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

Holders
113
Holders Change
–
Holders Change %
0%
% of All Funds
3.01%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
12
Increased
44
Reduced
29
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$17M
2
MGAM
McGowan Group Asset Management
Texas
+$9.7M
3
Bank of America
Bank of America
North Carolina
+$3.97M
4
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
+$3.83M
5
AWMS
Advocacy Wealth Management Services
Georgia
+$2.83M

Top Sellers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
-$17.9M
2
PPA
Parametric Portfolio Associates
Washington
-$16.9M
3
1CP
1607 Capital Partners
Virginia
-$11.3M
4
SCM
Saba Capital Management
New York
-$3.9M
5
LPL Financial
LPL Financial
California
-$2.94M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
76
Avalon Capital Management
California
$185K – – –
CB
77
Chemical Bank
Michigan
$182K – – –
Goldman Sachs
78
Goldman Sachs
New York
$180K -$22.2K -1,742 -11%
FAAS
79
First Allied Advisory Services
California
$180K – – –
CSA
80
Cottage Street Advisors
Massachusetts
$172K -$71.6K -5,627 -30%
CWM
81
Concert Wealth Management
California
$172K -$10.2K -798 -6%
SB
82
Suntrust Banks
Georgia
$164K +$161K +12,622 New
CA
83
Cetera Advisors
Colorado
$161K +$14.9K +1,174 +10%
Bank of New York Mellon
84
Bank of New York Mellon
New York
$159K -$36.4K -2,861 -19%
BTS
85
BB&T Securities
Virginia
$154K +$151K +11,840 New
SI
86
SII Investments
Wisconsin
$149K – – –
IH
87
IFC Holdings
Florida
$140K -$10K -789 -7%
PA
88
Pinnacle Associates
New York
$133K – – –
Bank of Montreal
89
Bank of Montreal
Ontario, Canada
$117K +$109K +8,583 +2,146%
PNC Financial Services Group
90
PNC Financial Services Group
Pennsylvania
$107K +$8.74K +687 +9%
IA
91
IFP Advisors
Florida
$107K +$91.9K +7,222 +722%
US Bancorp
92
US Bancorp
Minnesota
$61K – – –
Fifth Third Bancorp
93
Fifth Third Bancorp
Ohio
$57K – – –
DADC
94
D.A. Davidson & Co
Montana
$56K – – –
Envestnet Asset Management
95
Envestnet Asset Management
Illinois
$55K +$216 +17 +0.4%
S
96
SignatureFD
Georgia
$46K – – –
WI
97
Wintrust Investments
Illinois
$42K +$138K +10,879 New
Creative Planning
98
Creative Planning
Kansas
$39K – – –
CPIG
99
Chicago Partners Investment Group
Illinois
$35K -$17.8K -1,396 -34%
WAM
100
Wealthspire Advisors (Maryland)
Maryland
$25K -$3.45K -271 -12%
2 3
4
5 6

BTZ Hedge Fund Activity: Q2 2016 in Review

113 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2016, worth a combined $537M — up 2.1% from $526M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BTZ positions and 11 closed out — a net gain of 1 holder — while 44 added to existing stakes and 29 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $17M. The largest seller was Relative Value Partners Group, cutting an estimated $17.9M.

  • 113 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2016, unchanged from Q1 2016.
  • Funds reported $537M of BlackRock Credit Allocation Income Trust stock for Q2 2016, up 2.1% quarter-over-quarter.
  • 12 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $17M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q2 2016 was Relative Value Partners Group, an estimated $17.9M sold.

Based on aggregated 13F filings for Q2 2016.