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BlackRock Credit Allocation Income Trust
BTZ

124 hedge funds and large institutions have $631M invested in BlackRock Credit Allocation Income Trust in 2019 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 32 increasing their positions, 49 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1% less capital invested

Capital invested by funds: $634M → $631M (-$3.43M)

3% less funds holding

Funds holding: 128 → 124 (-4)

3.47% less ownership

Funds ownership: 49.92% → 46.45% (-3.5%)

18% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 17

35% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 49

Holders
124
Holders Change
-4
Holders Change %
-3.13%
% of All Funds
2.72%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
14
Increased
32
Reduced
49
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$10.8M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2.53M
3
PPA
Parametric Portfolio Associates
Washington
+$2.38M
4
BI
Bramshill Investments
Florida
+$1.99M
5
RJA
Raymond James & Associates
Florida
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$17.8M
2
SCM
Saba Capital Management
New York
-$11.9M
3
MGAM
McGowan Group Asset Management
Texas
-$10.4M
4
RCM
Rivernorth Capital Management
Florida
-$10.2M
5
KIM
Karpus Investment Management
New York
-$9.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
BTS
76
BB&T Securities
Virginia
$290K -$10.2K -757 -3%
Fiera Capital (Canada)
77
Fiera Capital (Canada)
Quebec, Canada
$277K -$21.2K -1,574 -7%
DAS
78
Dynamic Advisor Solutions
Arizona
$263K -$1.29K -96 -0.5%
BCA
79
Bay Colony Advisors
Massachusetts
$254K +$51.8K +3,855 +26%
PWPS
80
Pinnacle Wealth Planning Services
Ohio
$245K -$16.1K -1,198 -6%
FHA
81
First Horizon Advisors
Tennessee
$242K – – –
Truist Financial
82
Truist Financial
North Carolina
$238K +$3.01K +224 +1%
IAMOG
83
Investors Asset Management of Georgia
Georgia
$225K – – –
FAAS
84
First Allied Advisory Services
California
$224K +$403 +30 +0.2%
Citigroup
85
Citigroup
New York
$204K -$6.26K -466 -3%
BCM
86
Bourgeon Capital Management
Connecticut
$204K +$202K +15,000 New
TNB
87
TCF National Bank
South Dakota
$191K +$188K +14,000 New
MAFM
88
Mid Atlantic Financial Management
Pennsylvania
$177K -$5.92K -440 -3%
RCM
89
RB Capital Management
Nevada
$171K -$24.3K -1,810 -13%
JIP
90
JBJ Investment Partners
South Carolina
$170K – – –
Bank of New York Mellon
91
Bank of New York Mellon
New York
$158K -$26.9K -2,000 -15%
NCM
92
Narwhal Capital Management
Georgia
$155K -$8.58K -638 -5%
Millennium Management
93
Millennium Management
New York
$148K -$499K -37,130 -77%
FIA
94
FNY Investment Advisers
New York
$137K +$135K +10,070 New
SPIA
95
Steward Partners Investment Advisory
New York
$116K – – –
EWM
96
Edge Wealth Management
New York
$111K – – –
AIC
97
Ameritas Investment Company
Nebraska
$85K +$84.3K +6,270 New
Rockefeller Capital Management
98
Rockefeller Capital Management
New York
$73K -$45.7K -3,396 -39%
APA
99
American Portfolios Advisors
New York
$70.4K +$13.8K +1,030 +25%
NSIM
100
North Star Investment Management
Illinois
$44K +$43.9K +3,267 New
2 3
4
5 6

BTZ Hedge Fund Activity: Q3 2019 in Review

124 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2019, worth a combined $631M — down 0.54% from $634M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BTZ and 14 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 32 added.

The largest buyer was Bank of America, adding an estimated $10.8M. The largest seller was Wells Fargo, cutting an estimated $17.8M.

  • 124 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2019, down from 128 in Q2 2019.
  • Funds reported $631M of BlackRock Credit Allocation Income Trust stock for Q3 2019, down 0.54% quarter-over-quarter.
  • 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2019 and 17 closed out, a net change of -3 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q3 2019 was Bank of America, an estimated $10.8M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q3 2019 was Wells Fargo, an estimated $17.8M sold.

Based on aggregated 13F filings for Q3 2019.