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BlackRock Credit Allocation Income Trust
BTZ

115 hedge funds and large institutions have $605M invested in BlackRock Credit Allocation Income Trust in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 42 increasing their positions, 33 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

27% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 33

6% more capital invested

Capital invested by funds: $572M → $605M (+$33.2M)

3% more funds holding

Funds holding: 112 → 115 (+3)

1.68% more ownership

Funds ownership: 39.61% → 41.29% (+1.7%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
115
Holders Change
+3
Holders Change %
+2.68%
% of All Funds
2.87%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.12%
New
13
Increased
42
Reduced
33
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$10.5M
2
SIA
Sit Investment Associates
Minnesota
+$5.91M
3
PPA
Parametric Portfolio Associates
Washington
+$5.3M
4
Bank of America
Bank of America
North Carolina
+$3.67M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$3.01M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.71M
2
AWMS
Advocacy Wealth Management Services
Georgia
-$2.76M
3
LPL Financial
LPL Financial
California
-$2.33M
4
FFA
First Foundation Advisors
California
-$1.47M
5
FIMG
Financial & Investment Management Group
Michigan
-$996K
Name Holding Trade Value Shares
Change 		Change in
Stake
SI
76
SII Investments
Wisconsin
$280K +$52.1K +3,900 +23%
RCM
77
Robinson Capital Management
Michigan
$269K – – –
IAMOG
78
Investors Asset Management of Georgia
Georgia
$262K – – –
RA
79
RMR Advisors
Massachusetts
$262K – – –
WIA
80
Westbourne Investment Advisors
Maryland
$251K +$249K +18,660 New
Fiera Capital (Canada)
81
Fiera Capital (Canada)
Quebec, Canada
$213K -$2.86K -214 -1%
FAAS
82
First Allied Advisory Services
California
$190K -$7.68K -575 -4%
CCP
83
Corient Capital Partners
California
$190K – – –
CB
84
Chemical Bank
Michigan
$188K – – –
VKH
85
Virtu KCG Holdings
New York
$185K +$183K +13,730 New
MML Investors Services
86
MML Investors Services
Massachusetts
$183K -$25.4K -1,902 -12%
RCM
87
RB Capital Management
Nevada
$181K +$1.74K +130 +1%
NMC
88
Nine Masts Capital
Hong Kong
$180K +$179K +13,400 New
Goldman Sachs
89
Goldman Sachs
New York
$177K +$36.5K +2,731 +26%
TSS
90
Two Sigma Securities
New York
$176K +$175K +13,079 New
BTS
91
BB&T Securities
Virginia
$158K +$157K +11,752 New
Bank of New York Mellon
92
Bank of New York Mellon
New York
$156K +$155K +11,601 New
SB
93
Suntrust Banks
Georgia
$151K -$13.1K -980 -8%
PNC Financial Services Group
94
PNC Financial Services Group
Pennsylvania
$150K +$40 +3 +0%
First Manhattan
95
First Manhattan
New York
$98K +$97.5K +7,300 New
BFEC
96
Benjamin F. Edwards & Company
Missouri
$94K +$24.8K +1,855 +36%
US Bancorp
97
US Bancorp
Minnesota
$78K – – –
Creative Planning
98
Creative Planning
Kansas
$69K +$27.9K +2,089 +69%
CFA
99
Carroll Financial Associates
North Carolina
$53K +$53.4K +4,000 New
Envestnet Asset Management
100
Envestnet Asset Management
Illinois
$49K -$13.9K -1,042 -22%
1 2 3
4
5

BTZ Hedge Fund Activity: Q2 2017 in Review

115 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2017, worth a combined $605M — up 5.8% from $572M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BTZ positions and 9 closed out — a net gain of 4 holders — while 42 added to existing stakes and 33 trimmed.

The largest buyer was Wells Fargo, adding an estimated $10.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.71M.

  • 115 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2017, up from 112 in Q1 2017.
  • Funds reported $605M of BlackRock Credit Allocation Income Trust stock for Q2 2017, up 5.8% quarter-over-quarter.
  • 13 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2017 and 9 closed out, a net change of +4 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q2 2017 was Wells Fargo, an estimated $10.5M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q2 2017 was Rivernorth Capital Management, an estimated $3.71M sold.

Based on aggregated 13F filings for Q2 2017.