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BlackRock Credit Allocation Income Trust
BTZ

130 hedge funds and large institutions have $601M invested in BlackRock Credit Allocation Income Trust in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 57 increasing their positions, 32 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 32

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

2% more funds holding

Funds holding: 128 → 130 (+2)

2% more capital invested

Capital invested by funds: $591M → $601M (+$10.6M)

0.33% more ownership

Funds ownership: 45.97% → 46.3% (+0.33%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
130
Holders Change
+2
Holders Change %
+1.56%
% of All Funds
2.97%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.09%
New
12
Increased
57
Reduced
32
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$8.89M
2
Wells Fargo
Wells Fargo
California
+$7.29M
3
1CP
1607 Capital Partners
Virginia
+$5.48M
4
AA
Apriem Advisors
California
+$2.53M
5
RCM
Robinson Capital Management
Michigan
+$2.21M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$24.8M
2
OA
Oxbow Advisors
Texas
-$4.6M
3
CRC
Curi RMB Capital
Illinois
-$1.82M
4
AWA
Arete Wealth Advisors
Illinois
-$1.65M
5
DA
Doliver Advisors
Texas
-$1.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
IAMOG
76
Investors Asset Management of Georgia
Georgia
$214K – – –
Walleye Trading
77
Walleye Trading
New York
$213K +$18.4K +1,500 +9%
PWPS
78
Pinnacle Wealth Planning Services
Ohio
$212K -$33.9K -2,765 -14%
PNC Financial Services Group
79
PNC Financial Services Group
Pennsylvania
$212K +$65K +5,300 +44%
Goldman Sachs
80
Goldman Sachs
New York
$208K +$45.2K +3,688 +28%
OC
81
Oppenheimer & Co
New York
$204K – – –
Truist Financial
82
Truist Financial
North Carolina
$202K +$2.87K +234 +1%
AA
83
AQR Arbitrage
Connecticut
$201K +$27K +2,200 +16%
MOS
84
MGO One Seven
Ohio
$201K +$202K +16,460 New
UCI
85
Uncommon Cents Investing
Wisconsin
$197K -$19.6K -1,600 -9%
SB
86
Suntrust Banks
Georgia
$192K -$2.28K -186 -1%
EWM
87
Edge Wealth Management
New York
$187K +$883 +72 +0.5%
DA
88
Doliver Advisors
Texas
$186K -$1.48M -120,552 -89%
Citigroup
89
Citigroup
New York
$174K +$137K +11,186 +370%
RCM
90
RB Capital Management
Nevada
$172K +$1.52K +124 +0.9%
CB
91
Chemical Bank
Michigan
$171K – – –
TSS
92
Two Sigma Securities
New York
$169K +$18K +1,471 +12%
BTS
93
BB&T Securities
Virginia
$163K +$2.11K +172 +1%
CPIG
94
Chicago Partners Investment Group
Illinois
$163K +$58K +4,735 +51%
FAAS
95
First Allied Advisory Services
California
$159K -$29.5K -2,407 -16%
NCM
96
Narwhal Capital Management
Georgia
$155K +$1.21K +99 +0.8%
RA
97
RMR Advisors
Massachusetts
$114K -$125K -10,177 -52%
SPIA
98
Steward Partners Investment Advisory
New York
$84K +$12.3K +1,000 +17%
APA
99
American Portfolios Advisors
New York
$53.9K -$20.9K -1,702 -28%
CFA
100
Carroll Financial Associates
North Carolina
$48K – – –
2 3
4
5 6

BTZ Hedge Fund Activity: Q3 2018 in Review

130 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2018, worth a combined $601M — up 1.8% from $591M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BTZ positions and 10 closed out — a net gain of 2 holders — while 57 added to existing stakes and 32 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $8.89M. The largest seller was Sit Investment Associates, cutting an estimated $24.8M.

  • 130 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2018, up from 128 in Q2 2018.
  • Funds reported $601M of BlackRock Credit Allocation Income Trust stock for Q3 2018, up 1.8% quarter-over-quarter.
  • 12 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2018 and 10 closed out, a net change of +2 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q3 2018 was Saba Capital Management, an estimated $8.89M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q3 2018 was Sit Investment Associates, an estimated $24.8M sold.

Based on aggregated 13F filings for Q3 2018.