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BlackRock Credit Allocation Income Trust
BTZ

112 hedge funds and large institutions have $572M invested in BlackRock Credit Allocation Income Trust in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 31 increasing their positions, 41 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

1% less capital invested

Capital invested by funds: $575M → $572M (-$3.24M)

1.41% less ownership

Funds ownership: 41.02% → 39.61% (-1.4%)

3% less funds holding

Funds holding: 116 → 112 (-4)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

24% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 41

Holders
112
Holders Change
-4
Holders Change %
-3.45%
% of All Funds
2.79%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.12%
New
8
Increased
31
Reduced
41
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$19.2M
2
VIA
Vident Investment Advisory
Georgia
+$6.01M
3
SIA
Sit Investment Associates
Minnesota
+$3.49M
4
BlackRock
BlackRock
New York
+$3.29M
5
Wells Fargo
Wells Fargo
California
+$1.76M

Top Sellers

Rank Fund Capital Flow
1
N
Nuveen
North Carolina
-$12.8M
2
OA
Oxbow Advisors
Texas
-$10.7M
3
FWIA
Fort Washington Investment Advisors
Ohio
-$8.34M
4
AMH
Apollo Management Holdings
New York
-$5.5M
5
Millennium Management
Millennium Management
New York
-$3.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
SI
76
SII Investments
Wisconsin
$223K +$20.8K +1,600 +10%
Fiera Capital (Canada)
77
Fiera Capital (Canada)
Quebec, Canada
$211K -$1.13M -87,015 -84%
MML Investors Services
78
MML Investors Services
Massachusetts
$204K +$201K +15,476 New
FAAS
79
First Allied Advisory Services
California
$193K – – –
CCP
80
Corient Capital Partners
California
$186K – – –
CB
81
Chemical Bank
Michigan
$184K – – –
RCM
82
RB Capital Management
Nevada
$175K +$1.85K +142 +1%
Millennium Management
83
Millennium Management
New York
$166K -$3.32M -255,053 -95%
SB
84
Suntrust Banks
Georgia
$161K +$1.33K +102 +0.8%
PNC Financial Services Group
85
PNC Financial Services Group
Pennsylvania
$147K -$2.6K -200 -2%
CA
86
Cetera Advisors
Colorado
$144K -$20.3K -1,558 -12%
CSA
87
Cottage Street Advisors
Massachusetts
$137K -$15.4K -1,182 -10%
Goldman Sachs
88
Goldman Sachs
New York
$137K -$481 -37 -0.4%
PA
89
Pinnacle Associates
New York
$134K – – –
US Bancorp
90
US Bancorp
Minnesota
$76K – – –
BFEC
91
Benjamin F. Edwards & Company
Missouri
$67K – – –
Envestnet Asset Management
92
Envestnet Asset Management
Illinois
$61K +$1.4K +108 +2%
Bank of Montreal
93
Bank of Montreal
Ontario, Canada
$53K – – –
NSIM
94
North Star Investment Management
Illinois
$40K -$45.4K -3,489 -54%
Creative Planning
95
Creative Planning
Kansas
$40K – – –
DADC
96
D.A. Davidson & Co
Montana
$31K – – –
CPIG
97
Chicago Partners Investment Group
Illinois
$26K -$9.59K -738 -28%
WAM
98
Wealthspire Advisors (Maryland)
Maryland
$26K +$260 +20 +1%
PFGIA
99
Patriot Financial Group Insurance Agency
Massachusetts
$25K – – –
FPB
100
First PREMIER Bank
South Dakota
$22K – – –
1 2 3
4
5

BTZ Hedge Fund Activity: Q1 2017 in Review

112 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2017, worth a combined $572M — down 0.56% from $575M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BTZ and 8 opened new positions — a net loss of 2 holders — while 41 trimmed existing stakes and 31 added.

The largest buyer was UBS Group, adding an estimated $19.2M. The largest seller was Nuveen, cutting an estimated $12.8M.

  • 112 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2017, down from 116 in Q4 2016.
  • Funds reported $572M of BlackRock Credit Allocation Income Trust stock for Q1 2017, down 0.56% quarter-over-quarter.
  • 8 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2017 and 10 closed out, a net change of -2 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q1 2017 was UBS Group, an estimated $19.2M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q1 2017 was Nuveen, an estimated $12.8M sold.

Based on aggregated 13F filings for Q1 2017.