BlackRock Credit Allocation Income Trust
BTZ
149 hedge funds and large institutions have $333M invested in BlackRock Credit Allocation Income Trust in 2022 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 36 increasing their positions, 48 reducing their positions, and 20 closing their positions.
25% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 20
6% more capital invested
Capital invested by funds: $315M → $333M (+$17.7M)
1% more funds holding
Funds holding: 147 → 149 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.09% less ownership
Funds ownership: 35.3% → 35.2% (-0.09%)
25% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.45M |
| 2 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$4.71M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.4M |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$3.45M |
| 5 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$3.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.81M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$5.62M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.71M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$2.38M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$1.84M |
BTZ Hedge Fund Activity: Q4 2022 in Review
149 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2022, worth a combined $333M — up 5.6% from $315M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new BTZ positions and 20 closed out — a net gain of 5 holders — while 36 added to existing stakes and 48 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $5.45M. The largest seller was Morgan Stanley, cutting an estimated $8.81M.
- 149 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2022, up from 147 in Q3 2022.
- Funds reported $333M of BlackRock Credit Allocation Income Trust stock for Q4 2022, up 5.6% quarter-over-quarter.
- 25 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2022 and 20 closed out, a net change of +5 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q4 2022 was Karpus Investment Management, an estimated $5.45M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q4 2022 was Morgan Stanley, an estimated $8.81M sold.
Based on aggregated 13F filings for Q4 2022.