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BlackRock Credit Allocation Income Trust
BTZ

131 hedge funds and large institutions have $581M invested in BlackRock Credit Allocation Income Trust in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 44 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 18

2.59% more ownership

Funds ownership: 46.3% → 48.88% (+2.6%)

1% more funds holding

Funds holding: 130 → 131 (+1)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less capital invested

Capital invested by funds: $601M → $581M (-$20.2M)

20% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 44

Holders
131
Holders Change
+1
Holders Change %
+0.77%
% of All Funds
2.92%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
20
Increased
35
Reduced
44
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$9.51M
2
Wells Fargo
Wells Fargo
California
+$9.24M
3
FIMG
Financial & Investment Management Group
Michigan
+$7.69M
4
1CP
1607 Capital Partners
Virginia
+$6.81M
5
Bank of America
Bank of America
North Carolina
+$4.7M

Top Sellers

Rank Fund Capital Flow
1
AWA
Arete Wealth Advisors
Illinois
-$2.6M
2
UBS Group
UBS Group
Switzerland
-$2.46M
3
RCM
Robinson Capital Management
Michigan
-$2.2M
4
CRC
Curi RMB Capital
Illinois
-$2.19M
5
NVIM
New Vernon Investment Management
Illinois
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCA
76
SMH Capital Advisors
Texas
$224K -$38.8K -3,315 -14%
DAS
77
Dynamic Advisor Solutions
Arizona
$211K +$2.48K +212 +1%
Fisher Asset Management
78
Fisher Asset Management
Washington
$206K +$215K +18,383 New
Jane Street
79
Jane Street
New York
$203K -$926K -79,165 -81%
MML Investors Services
80
MML Investors Services
Massachusetts
$203K -$784 -67 -0.4%
Goldman Sachs
81
Goldman Sachs
New York
$199K +$10.2K +869 +5%
IAMOG
82
Investors Asset Management of Georgia
Georgia
$196K – – –
PNC Financial Services Group
83
PNC Financial Services Group
Pennsylvania
$194K – – –
SPC
84
Sigma Planning Corp
Michigan
$190K +$199K +17,038 New
OC
85
Oppenheimer & Co
New York
$189K +$2.71K +232 +1%
Truist Financial
86
Truist Financial
North Carolina
$187K +$2.95K +252 +2%
MOS
87
MGO One Seven
Ohio
$182K -$1.46K -125 -0.8%
UCI
88
Uncommon Cents Investing
Wisconsin
$180K – – –
RCM
89
RB Capital Management
Nevada
$159K +$1.56K +133 +0.9%
CB
90
Chemical Bank
Michigan
$157K – – –
Walleye Trading
91
Walleye Trading
New York
$150K -$46.8K -4,000 -23%
PWPS
92
Pinnacle Wealth Planning Services
Ohio
$149K -$46.7K -3,993 -23%
BTS
93
BB&T Securities
Virginia
$147K -$2.01K -172 -1%
LWAC
94
Laurel Wealth Advisors (California)
California
$141K +$148K +12,647 New
Millennium Management
95
Millennium Management
New York
$138K -$69.1K -5,906 -32%
SB
96
Suntrust Banks
Georgia
$132K -$44.9K -3,834 -24%
NCM
97
Narwhal Capital Management
Georgia
$132K -$10.1K -860 -7%
Bank of New York Mellon
98
Bank of New York Mellon
New York
$130K -$70.4K -6,012 -34%
RA
99
RMR Advisors
Massachusetts
$104K – – –
EWM
100
Edge Wealth Management
New York
$91K -$83.4K -7,127 -47%
2 3
4
5 6

BTZ Hedge Fund Activity: Q4 2018 in Review

131 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2018, worth a combined $581M — down 3.4% from $601M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new BTZ positions and 18 closed out — a net gain of 2 holders — while 35 added to existing stakes and 44 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $9.51M. The largest seller was Arete Wealth Advisors, exiting entirely with an estimated $2.6M sold.

  • 131 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2018, up from 130 in Q3 2018.
  • Funds reported $581M of BlackRock Credit Allocation Income Trust stock for Q4 2018, down 3.4% quarter-over-quarter.
  • 20 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2018 and 18 closed out, a net change of +2 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2018 was Saba Capital Management, an estimated $9.51M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2018 was Arete Wealth Advisors, an estimated $2.6M sold.

Based on aggregated 13F filings for Q4 2018.