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BlackRock Credit Allocation Income Trust
BTZ

128 hedge funds and large institutions have $516M invested in BlackRock Credit Allocation Income Trust in 2020 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 33 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

30% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 33

30% more capital invested

Capital invested by funds: $399M → $516M (+$118M)

8.53% more ownership

Funds ownership: 33.42% → 41.95% (+8.5%)

3% less funds holding

Funds holding: 132 → 128 (-4)

13% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 23

Holders
128
Holders Change
-4
Holders Change %
-3.03%
% of All Funds
2.62%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
20
Increased
43
Reduced
33
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$61.3M
2
SIA
Sit Investment Associates
Minnesota
+$28.7M
3
Bank of America
Bank of America
North Carolina
+$4.3M
4
GC
Guggenheim Capital
Illinois
+$2.23M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$987K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$15.2M
2
Wells Fargo
Wells Fargo
California
-$12.1M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
-$3.01M
4
Invesco
Invesco
Georgia
-$2.56M
5
AA
Apriem Advisors
California
-$1.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
76
First Allied Advisory Services
California
$195K +$12.2K +928 +7%
Creative Planning
77
Creative Planning
Kansas
$194K +$193K +14,676 New
P
78
&Partners
Tennessee
$189K +$1.24K +94 +0.7%
Jane Street
79
Jane Street
New York
$184K +$183K +13,904 New
TNB
80
TCF National Bank
South Dakota
$182K – – –
AWM
81
Argent Wealth Management
Massachusetts
$172K – – –
MAFM
82
Mid Atlantic Financial Management
Pennsylvania
$167K -$1.32K -100 -0.8%
Goldman Sachs
83
Goldman Sachs
New York
$164K +$164K +12,414 New
CST
84
Charles Schwab Trust
Nevada
$162K +$162K +12,300 New
RCM
85
RB Capital Management
Nevada
$157K -$12.9K -982 -8%
9WM
86
9258 Wealth Management
Ohio
$143K +$143K +10,820 New
ADBIC
87
A.D. Beadell Investment Counsel
Wisconsin
$136K +$136K +10,350 New
CFG
88
Cooper Financial Group
California
$132K – – –
BAM
89
Belpointe Asset Management
Nevada
$111K +$111K +8,400 New
Citigroup
90
Citigroup
New York
$108K +$1.01K +77 +0.9%
CF
91
Centaurus Financial
California
$108K +$108K +8,163 New
EWM
92
Edge Wealth Management
New York
$81K -$26.4K -2,000 -25%
POIA
93
Pin Oak Investment Advisors
Texas
$70K – – –
CAN
94
Cetera Advisor Networks
California
$60K +$60.2K +4,570 New
APA
95
American Portfolios Advisors
New York
$54.6K +$672 +51 +1%
EP
96
Eudaimonia Partners
Tennessee
$51K +$50.7K +3,850 New
WAM
97
Wolverine Asset Management
Illinois
$50K -$129K -9,810 -72%
GRP
98
Global Retirement Partners
California
$40K – – –
NSIM
99
North Star Investment Management
Illinois
$35K – – –
GWM
100
Geneos Wealth Management
Colorado
$34K -$132 -10 -0.4%
2 3
4
5 6

BTZ Hedge Fund Activity: Q2 2020 in Review

128 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2020, worth a combined $516M — up 30% from $399M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BTZ and 20 opened new positions — a net loss of 3 holders — while 33 trimmed existing stakes and 43 added.

The largest buyer was BlackRock, opening a new position worth an estimated $61.3M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $15.2M sold.

  • 128 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2020, down from 132 in Q1 2020.
  • Funds reported $516M of BlackRock Credit Allocation Income Trust stock for Q2 2020, up 30% quarter-over-quarter.
  • 20 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2020 and 23 closed out, a net change of -3 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q2 2020 was BlackRock, an estimated $61.3M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q2 2020 was Rivernorth Capital Management, an estimated $15.2M sold.

Based on aggregated 13F filings for Q2 2020.