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BlackRock Credit Allocation Income Trust
BTZ

128 hedge funds and large institutions have $635M invested in BlackRock Credit Allocation Income Trust in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 44 increasing their positions, 41 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $581M → $635M (+$54.4M)

7% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 41

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.74% less ownership

Funds ownership: 48.88% → 48.15% (-0.74%)

7% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 14

2% less funds holding

Funds holding: 131 → 128 (-3)

Holders
128
Holders Change
-3
Holders Change %
-2.29%
% of All Funds
2.77%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
13
Increased
44
Reduced
41
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$26M
2
Bank of America
Bank of America
North Carolina
+$3.28M
3
NL
NWAM LLC
Washington
+$1.11M
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1M
5
RJA
Raymond James & Associates
Florida
+$996K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$8.97M
2
Wells Fargo
Wells Fargo
California
-$7.79M
3
VIA
Vident Investment Advisory
Georgia
-$3.38M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$3.14M
5
VF
Virtu Financial
New York
-$1.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
76
PNC Financial Services Group
Pennsylvania
$260K +$44.7K +3,730 +22%
PWPS
77
Pinnacle Wealth Planning Services
Ohio
$243K +$75K +6,258 +47%
FAAS
78
First Allied Advisory Services
California
$226K -$64K -5,338 -23%
MML Investors Services
79
MML Investors Services
Massachusetts
$226K +$575 +48 +0.3%
MAFM
80
Mid Atlantic Financial Management
Pennsylvania
$216K -$368K -30,702 -64%
Truist Financial
81
Truist Financial
North Carolina
$211K +$2.92K +244 +1%
MOS
82
MGO One Seven
Ohio
$208K +$5.87K +490 +3%
IAMOG
83
Investors Asset Management of Georgia
Georgia
$205K -$12K -1,000 -6%
RCM
84
RB Capital Management
Nevada
$178K +$1.58K +132 +0.9%
CB
85
Chemical Bank
Michigan
$174K – – –
BTS
86
BB&T Securities
Virginia
$167K +$3K +250 +2%
HA
87
Harborview Advisors
Maine
$166K +$161K +13,400 New
LWAC
88
Laurel Wealth Advisors (California)
California
$157K +$360 +30 +0.2%
JIP
89
JBJ Investment Partners
South Carolina
$155K +$149K +12,451 New
Walleye Trading
90
Walleye Trading
New York
$154K -$12K -1,000 -7%
NCM
91
Narwhal Capital Management
Georgia
$148K +$839 +70 +0.6%
Bank of New York Mellon
92
Bank of New York Mellon
New York
$144K – – –
Susquehanna International Group
93
Susquehanna International Group
Pennsylvania
$139K +$134K +11,211 New
RA
94
RMR Advisors
Massachusetts
$115K – – –
EWM
95
Edge Wealth Management
New York
$101K – – –
Citigroup
96
Citigroup
New York
$70K +$32.1K +2,677 +88%
Rockefeller Capital Management
97
Rockefeller Capital Management
New York
$66K +$64.1K +5,345 New
APA
98
American Portfolios Advisors
New York
$51.4K -$3.12K -260 -6%
Bank of Montreal
99
Bank of Montreal
Ontario, Canada
$50K -$3.14M -262,000 -98%
NSIM
100
North Star Investment Management
Illinois
$41K – – –
2 3
4
5 6

BTZ Hedge Fund Activity: Q1 2019 in Review

128 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2019, worth a combined $635M — up 9.4% from $581M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BTZ and 13 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 44 added.

The largest buyer was Saba Capital Management, adding an estimated $26M. The largest seller was UBS Group, cutting an estimated $8.97M.

  • 128 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2019, down from 131 in Q4 2018.
  • Funds reported $635M of BlackRock Credit Allocation Income Trust stock for Q1 2019, up 9.4% quarter-over-quarter.
  • 13 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2019 and 14 closed out, a net change of -1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q1 2019 was Saba Capital Management, an estimated $26M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q1 2019 was UBS Group, an estimated $8.97M sold.

Based on aggregated 13F filings for Q1 2019.