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BlackRock Credit Allocation Income Trust
BTZ

140 hedge funds and large institutions have $596M invested in BlackRock Credit Allocation Income Trust in 2019 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 53 increasing their positions, 28 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 14

89% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 28

13% more funds holding

Funds holding: 124 → 140 (+16)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5.4% less ownership

Funds ownership: 46.45% → 41.05% (-5.4%)

6% less capital invested

Capital invested by funds: $631M → $596M (-$34.9M)

Holders
140
Holders Change
+16
Holders Change %
+12.9%
% of All Funds
2.76%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
32
Increased
53
Reduced
28
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$17.6M
2
SIA
Sit Investment Associates
Minnesota
+$13.7M
3
BI
Bramshill Investments
Florida
+$6.53M
4
PCM
Penserra Capital Management
California
+$3.26M
5
UBS Group
UBS Group
Switzerland
+$2.47M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$55.1M
2
KIM
Karpus Investment Management
New York
-$36.6M
3
Wells Fargo
Wells Fargo
California
-$27.7M
4
BI
Bulldog Investors
New Jersey
-$4.62M
5
1CP
1607 Capital Partners
Virginia
-$3.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
76
Goldman Sachs
New York
$300K +$292K +21,430 New
Fiera Capital (Canada)
77
Fiera Capital (Canada)
Quebec, Canada
$285K – – –
MOS
78
MGO One Seven
Ohio
$274K +$268K +19,647 New
BCA
79
Bay Colony Advisors
Massachusetts
$265K -$1.4K -103 -0.6%
DAS
80
Dynamic Advisor Solutions
Arizona
$261K -$7.83K -574 -3%
PCM
81
Poehling Capital Management
Wisconsin
$260K +$254K +18,600 New
PWPS
82
Pinnacle Wealth Planning Services
Ohio
$256K +$4.85K +356 +2%
FAAS
83
First Allied Advisory Services
California
$250K +$19.9K +1,460 +9%
FHA
84
First Horizon Advisors
Tennessee
$248K – – –
IAMOG
85
Investors Asset Management of Georgia
Georgia
$217K -$13.6K -1,000 -6%
BCM
86
Bourgeon Capital Management
Connecticut
$210K – – –
FIA
87
FNY Investment Advisers
New York
$204K +$62K +4,547 +45%
TNB
88
TCF National Bank
South Dakota
$196K – – –
MAFM
89
Mid Atlantic Financial Management
Pennsylvania
$192K +$10.4K +762 +6%
MCP
90
Mirador Capital Partners
California
$192K +$187K +13,742 New
AWM
91
Argent Wealth Management
Massachusetts
$182K +$178K +13,022 New
Creative Planning
92
Creative Planning
Kansas
$182K +$178K +13,029 New
RCM
93
RB Capital Management
Nevada
$179K +$1.77K +130 +1%
JIP
94
JBJ Investment Partners
South Carolina
$174K – – –
IAA
95
Independent Advisor Alliance
North Carolina
$172K +$167K +12,275 New
NCM
96
Narwhal Capital Management
Georgia
$161K +$1.9K +139 +1%
Citigroup
97
Citigroup
New York
$152K -$56.1K -4,115 -27%
SBIA
98
Sheaff Brock Investment Advisors
Indiana
$143K +$139K +10,200 New
SPIA
99
Steward Partners Investment Advisory
New York
$119K – – –
BAM
100
Belpointe Asset Management
Nevada
$115K +$112K +8,200 New
2 3
4
5 6

BTZ Hedge Fund Activity: Q4 2019 in Review

140 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2019, worth a combined $596M — down 5.5% from $631M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BTZ positions and 14 closed out — a net gain of 18 holders — while 53 added to existing stakes and 28 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $17.6M. The largest seller was Saba Capital Management, cutting an estimated $55.1M.

  • 140 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2019, up from 124 in Q3 2019.
  • Funds reported $596M of BlackRock Credit Allocation Income Trust stock for Q4 2019, down 5.5% quarter-over-quarter.
  • 32 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2019 and 14 closed out, a net change of +18 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2019 was Rivernorth Capital Management, an estimated $17.6M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2019 was Saba Capital Management, an estimated $55.1M sold.

Based on aggregated 13F filings for Q4 2019.