BlackRock Credit Allocation Income Trust
BTZ
106 hedge funds and large institutions have $538M invested in BlackRock Credit Allocation Income Trust in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 29 reducing their positions, and 9 closing their positions.
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
28% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 29
3% more funds holding
Funds holding: 103 → 106 (+3)
0.09% more ownership
Funds ownership: 39.38% → 39.47% (+0.09%)
6% less capital invested
Capital invested by funds: $573M → $538M (-$35.2M)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| 1 |
Wells Fargo
San Francisco,
California
|
+$13.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.25M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.89M |
| 4 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
+$1.55M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$822K |
Top Sellers
| 1 |
SCM
Saba Capital Management
New York
|
-$11.8M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$2.48M |
| 3 |
Morgan Stanley
New York
|
-$1.88M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.76M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
M
101
MOTCO
San Antonio,
Texas
| $6K | – | – | – |
|
|
CFS
102
Commonwealth Financial Services
Vienna,
West Virginia
| $5K | – | – | – |
|
|
LFR
103
Lehman Financial Resources
Media,
Pennsylvania
| $4K | – | – | – |
|
|
JIC
104
Joel Isaacson & Co
New York
| $3K | – | – | – |
|
|
WA
105
WFG Advisors
Dallas,
Texas
| $3K | – | – | – |
|
|
N
106
Nuveen
Charlotte,
North Carolina
| $2.86K | +$132K | +10,000 | +5% |
|
|
HNB
107
Huntington National Bank
Columbus,
Ohio
| $1K | -$1.32K | -100 | Closed |
|
|
108
HighTower Advisors
Chicago,
Illinois
| – | -$2.48M | -183,928 | Closed |
|
109
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$176K | -13,090 | Closed |
|
|
OC
110
Oppenheimer & Co
New York
| – | -$143K | -10,643 | Closed |
|
111
Creative Planning
Overland Park,
Kansas
| – | -$41K | -3,027 | Closed |
|
|
BFEC
112
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$7K | -536 | Closed |
|
|
TRCT
113
Tower Research Capital (TRC)
New York
| – | -$2K | -180 | Closed |
|
114
AllianceBernstein
Nashville,
Tennessee
| – | -$1K | -86 | Closed |
|
BTZ Hedge Fund Activity: Q2 2015 in Review
106 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2015, worth a combined $538M — down 6.1% from $573M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BTZ positions and 9 closed out — a net gain of 5 holders — while 37 added to existing stakes and 29 trimmed.
The largest buyer was Wells Fargo, adding an estimated $13.4M. The largest seller was Saba Capital Management, cutting an estimated $11.8M.
- 106 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2015, up from 103 in Q1 2015.
- Funds reported $538M of BlackRock Credit Allocation Income Trust stock for Q2 2015, down 6.1% quarter-over-quarter.
- 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2015 and 9 closed out, a net change of +5 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q2 2015 was Wells Fargo, an estimated $13.4M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q2 2015 was Saba Capital Management, an estimated $11.8M sold.
Based on aggregated 13F filings for Q2 2015.