BlackRock Credit Allocation Income Trust
BTZ
105 hedge funds and large institutions have $561M invested in BlackRock Credit Allocation Income Trust in 2014 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 46 increasing their positions, 20 reducing their positions, and 8 closing their positions.
130% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 20
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
6% more capital invested
Capital invested by funds: $528M → $561M (+$33.9M)
4% more funds holding
Funds holding: 101 → 105 (+4)
1.68% more ownership
Funds ownership: 36.1% → 37.78% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.4M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$6.67M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$5.28M |
| 4 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$2.6M |
| 5 |
Morgan Stanley
New York
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$2.24M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.18M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.66M |
| 4 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$1.52M |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$1.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
M
101
MOTCO
San Antonio,
Texas
| $6K | – | – | – |
|
|
LFR
102
Lehman Financial Resources
Media,
Pennsylvania
| $5K | – | – | – |
|
|
AWM
103
Avior Wealth Management
Omaha,
Nebraska
| $2K | – | – | – |
|
|
MPWT
104
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| $55 | +$55 | +4 | New |
|
|
FAAS
105
First Allied Advisory Services
San Diego,
California
| – | -$1.42M | -105,086 | Closed |
|
|
DIS
106
Diversified Investment Strategies
Baton Rouge,
Louisiana
| – | -$1.28M | -94,588 | Closed |
|
|
PP
107
Paloma Partners
Greenwich,
Connecticut
| – | -$971K | -71,822 | Closed |
|
108
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$446K | -33,006 | Closed |
|
|
PI
109
Placemark Investments
Chicago,
Illinois
| – | -$246K | -18,237 | Closed |
|
110
AllianceBernstein
Nashville,
Tennessee
| – | -$153K | -11,285 | Closed |
|
|
TRCT
111
Tower Research Capital (TRC)
New York
| – | -$37K | -2,700 | Closed |
|
|
TI
112
Turner Investments
Berwyn,
Pennsylvania
| – | -$16K | -1,200 | Closed |
|
|
CTC
113
Central Trust Company
Jefferson City,
Missouri
| – | +$820 | +60 | New |
|
BTZ Hedge Fund Activity: Q2 2014 in Review
105 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2014, worth a combined $561M — up 6.4% from $528M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BTZ positions and 8 closed out — a net gain of 4 holders — while 46 added to existing stakes and 20 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $7.4M. The largest seller was Financial & Investment Management Group, cutting an estimated $2.24M.
- 105 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2014, up from 101 in Q1 2014.
- Funds reported $561M of BlackRock Credit Allocation Income Trust stock for Q2 2014, up 6.4% quarter-over-quarter.
- 12 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2014 and 8 closed out, a net change of +4 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q2 2014 was Karpus Investment Management, an estimated $7.4M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q2 2014 was Financial & Investment Management Group, an estimated $2.24M sold.
Based on aggregated 13F filings for Q2 2014.