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BlackRock Credit Allocation Income Trust
BTZ

101 hedge funds and large institutions have $528M invested in BlackRock Credit Allocation Income Trust in 2014 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 13

48% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 23

10% more funds holding

Funds holding: 92 → 101 (+9)

6% more capital invested

Capital invested by funds: $497M → $528M (+$30.6M)

0.61% more ownership

Funds ownership: 35.49% → 36.1% (+0.61%)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

Holders
101
Holders Change
+9
Holders Change %
+9.78%
% of All Funds
2.92%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
22
Increased
34
Reduced
23
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$9.1M
2
NL
NWAM LLC
Washington
+$6M
3
SCM
Saba Capital Management
New York
+$5.29M
4
CC
Carlson Capital
Texas
+$3.44M
5
BG
BlackRock Group
United Kingdom
+$3.33M

Top Sellers

Rank Fund Capital Flow
1
PRCM
Pine River Capital Management
Minnesota
-$8.74M
2
RCM
Robinson Capital Management
Michigan
-$6.91M
3
Morgan Stanley
Morgan Stanley
New York
-$6.37M
4
CA
Commerzbank Aktiengesellschaft
Germany
-$5.39M
5
SIA
Sit Investment Associates
Minnesota
-$4.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWM
101
Avior Wealth Management
Nebraska
$2K +$2.12K +160 New
PRCM
102
Pine River Capital Management
Minnesota
– -$8.74M -669,355 Closed
RCM
103
Robinson Capital Management
Michigan
– -$6.91M -504,905 Closed
CA
104
Commerzbank Aktiengesellschaft
Germany
– -$5.39M -417,000 Closed
SG Americas Securities
105
SG Americas Securities
New York
– -$2.05M -157,076 Closed
JG
106
Jefferies Group
New York
– -$327K -25,000 Closed
FAT
107
First American Trust
California
– -$313K -23,933 Closed
First Manhattan
108
First Manhattan
New York
– -$130K -10,000 Closed
ASN
109
Advisory Services Network
Georgia
– -$26K -2,000 Closed
HPBT
110
High Point Bank & Trust
North Carolina
– -$13K -1,013 Closed
Bank of Montreal
111
Bank of Montreal
Ontario, Canada
– -$13K -1,000 Closed
PWAG
112
Polaris Wealth Advisory Group
California
– -$9K -703 Closed
BFEC
113
Benjamin F. Edwards & Company
Missouri
– -$7K -531 Closed
1 2 3 4
5

BTZ Hedge Fund Activity: Q1 2014 in Review

101 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2014, worth a combined $528M — up 6.2% from $497M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BTZ positions and 13 closed out — a net gain of 9 holders — while 34 added to existing stakes and 23 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $9.1M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $8.74M sold.

  • 101 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2014, up from 92 in Q4 2013.
  • Funds reported $528M of BlackRock Credit Allocation Income Trust stock for Q1 2014, up 6.2% quarter-over-quarter.
  • 22 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2014 and 13 closed out, a net change of +9 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q1 2014 was Karpus Investment Management, an estimated $9.1M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q1 2014 was Pine River Capital Management, an estimated $8.74M sold.

Based on aggregated 13F filings for Q1 2014.