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BlackRock Credit Allocation Income Trust
BTZ

116 hedge funds and large institutions have $575M invested in BlackRock Credit Allocation Income Trust in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 49 increasing their positions, 30 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 30

3.02% more ownership

Funds ownership: 38% → 41.02% (+3%)

3% more capital invested

Capital invested by funds: $557M → $575M (+$18.3M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

7% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 15

3% less funds holding

Funds holding: 119 → 116 (-3)

Holders
116
Holders Change
-3
Holders Change %
-2.52%
% of All Funds
2.9%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
14
Increased
49
Reduced
30
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
N
Nuveen
North Carolina
+$12.3M
2
Wells Fargo
Wells Fargo
California
+$11.1M
3
FWIA
Fort Washington Investment Advisors
Ohio
+$8.15M
4
KIM
Karpus Investment Management
New York
+$4.44M
5
Millennium Management
Millennium Management
New York
+$3.14M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.77M
2
JHIU
Janus Henderson Investors US
Colorado
-$1.3M
3
YMRC
Yorktown Management & Research Company
Virginia
-$1.2M
4
First Trust Advisors
First Trust Advisors
Illinois
-$1.16M
5
NVIM
New Vernon Investment Management
Illinois
-$762K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
76
Janney Montgomery Scott
Pennsylvania
$211K +$50.8K +4,005 +33%
IA
77
IFP Advisors
Florida
$199K +$7.72K +608 +4%
SI
78
SII Investments
Wisconsin
$197K -$4.35K -343 -2%
FAAS
79
First Allied Advisory Services
California
$191K +$9.77K +770 +6%
CCP
80
Corient Capital Partners
California
$184K +$180K +14,150 New
CB
81
Chemical Bank
Michigan
$182K – – –
SWP
82
Stratos Wealth Partners
Ohio
$182K +$38.1K +3,000 +27%
RCM
83
RB Capital Management
Nevada
$171K +$167K +13,191 New
CA
84
Cetera Advisors
Colorado
$162K +$13.9K +1,097 +10%
SB
85
Suntrust Banks
Georgia
$157K +$977 +77 +0.6%
CSA
86
Cottage Street Advisors
Massachusetts
$150K -$20.3K -1,603 -12%
PNC Financial Services Group
87
PNC Financial Services Group
Pennsylvania
$147K +$48.2K +3,800 +50%
Goldman Sachs
88
Goldman Sachs
New York
$136K +$38 +3 +0%
PA
89
Pinnacle Associates
New York
$132K – – –
Lido Advisors
90
Lido Advisors
California
$105K +$103K +8,078 New
NSIM
91
North Star Investment Management
Illinois
$84K +$62.1K +4,890 +302%
US Bancorp
92
US Bancorp
Minnesota
$75K +$9.18K +723 +14%
BFEC
93
Benjamin F. Edwards & Company
Missouri
$66K – – –
Envestnet Asset Management
94
Envestnet Asset Management
Illinois
$59K +$4.63K +365 +9%
Fifth Third Bancorp
95
Fifth Third Bancorp
Ohio
$56K – – –
Bank of Montreal
96
Bank of Montreal
Ontario, Canada
$50K -$50.8K -4,000 -50%
SEI Investments
97
SEI Investments
Pennsylvania
$49K +$18.9K +1,487 +225%
Creative Planning
98
Creative Planning
Kansas
$39K – – –
CPIG
99
Chicago Partners Investment Group
Illinois
$35K – – –
DADC
100
D.A. Davidson & Co
Montana
$31K +$30.5K +2,402 New
2 3
4
5 6

BTZ Hedge Fund Activity: Q4 2016 in Review

116 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2016, worth a combined $575M — up 3.3% from $557M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of BTZ and 14 opened new positions — a net loss of 1 holder — while 30 trimmed existing stakes and 49 added.

The largest buyer was Nuveen, adding an estimated $12.3M. The largest seller was Sit Investment Associates, cutting an estimated $1.77M.

  • 116 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2016, down from 119 in Q3 2016.
  • Funds reported $575M of BlackRock Credit Allocation Income Trust stock for Q4 2016, up 3.3% quarter-over-quarter.
  • 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2016 and 15 closed out, a net change of -1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2016 was Nuveen, an estimated $12.3M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2016 was Sit Investment Associates, an estimated $1.77M sold.

Based on aggregated 13F filings for Q4 2016.