BlackRock Credit Allocation Income Trust
BTZ
103 hedge funds and large institutions have $558M invested in BlackRock Credit Allocation Income Trust in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 8 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 31
0.98% more ownership
Funds ownership: 37.78% → 38.76% (+0.98%)
1% less capital invested
Capital invested by funds: $561M → $558M (-$3.8M)
2% less funds holding
Funds holding: 105 → 103 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$6.92M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$3.62M |
| 3 |
SCM
Saba Capital Management
New York
|
+$2.99M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.71M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$2.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
-$10.6M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.62M |
| 3 |
Morgan Stanley
New York
|
-$1.11M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$703K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$593K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
101
Avior Wealth Management
Omaha,
Nebraska
| $2K | – | – | – |
|
|
MPWT
102
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| $53 | – | – | – |
|
|
TC
103
TFS Capital
West Chester,
Pennsylvania
| – | -$1.62M | -117,871 | Closed |
|
|
BCMU
104
BlueCrest Capital Management (UK)
St. Peter Port,
Guernsey
| – | -$249K | -18,126 | Closed |
|
|
AP
105
Advisors Preferred
Rockville,
Maryland
| – | -$180K | -13,056 | Closed |
|
|
BIM
106
BlackRock Investment Management
Wilmington,
Delaware
| – | -$41K | -3,000 | Closed |
|
|
AIM
107
Assured Investment Management
New York
| – | -$31K | -2,241 | Closed |
|
108
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$17K | -1,202 | Closed |
|
|
BRWA
109
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$14.2K | -1,030 | Closed |
|
|
MAA
110
Managed Account Advisors
Jersey City,
New Jersey
| – | +$122 | +9 | New |
|
BTZ Hedge Fund Activity: Q3 2014 in Review
103 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2014, worth a combined $558M — down 0.68% from $561M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BTZ and 7 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 42 added.
The largest buyer was Bessemer Group, opening a new position worth an estimated $6.92M. The largest seller was Third Avenue Management, cutting an estimated $10.6M.
- 103 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2014, down from 105 in Q2 2014.
- Funds reported $558M of BlackRock Credit Allocation Income Trust stock for Q3 2014, down 0.68% quarter-over-quarter.
- 7 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2014 and 8 closed out, a net change of -1 holder.
- The largest BlackRock Credit Allocation Income Trust buyer in Q3 2014 was Bessemer Group, an estimated $6.92M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q3 2014 was Third Avenue Management, an estimated $10.6M sold.
Based on aggregated 13F filings for Q3 2014.