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BlackRock Credit Allocation Income Trust
BTZ

116 hedge funds and large institutions have $536M invested in BlackRock Credit Allocation Income Trust in 2015 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 11

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

14% more funds holding

Funds holding: 102 → 116 (+14)

4% more capital invested

Capital invested by funds: $516M → $536M (+$19.8M)

0.9% more ownership

Funds ownership: 39.4% → 40.3% (+0.9%)

16% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 37

Holders
116
Holders Change
+14
Holders Change %
+13.73%
% of All Funds
3.04%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.18%
New
26
Increased
31
Reduced
37
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CGH
Cleary Gull Holdings
Wisconsin
+$9.44M
2
Wells Fargo
Wells Fargo
California
+$9.44M
3
KIM
Karpus Investment Management
New York
+$8.26M
4
NL
NWAM LLC
Washington
+$7.95M
5
FWIA
Fort Washington Investment Advisors
Ohio
+$3.96M

Top Sellers

1
RVPG
Relative Value Partners Group
-$12M
2
CC
Carlson Capital
Texas
-$6.39M
3
FIMG
Financial & Investment Management Group
Michigan
-$5.4M
4
TAM
Third Avenue Management
New York
-$4.99M
5
SCM
Saba Capital Management
New York
-$3.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
NSIM
101
North Star Investment Management
Illinois
$19K +$18.9K +1,534 New
Citigroup
102
Citigroup
New York
$15K +$641 +52 +5%
PCM
103
Penserra Capital Management
California
$15K +$15.3K +1,240 New
BC
104
Bartlett & Co
Ohio
$13K – – –
NFG
105
Next Financial Group
Texas
$12K – – –
Barclays
106
Barclays
United Kingdom
$12K +$12.3K +998 New
PSUF
107
People's United Financial
Connecticut
$8K – – –
RFA
108
Reilly Financial Advisors
California
$8K – – –
M
109
MOTCO
Texas
$6K – – –
CFS
110
Commonwealth Financial Services
West Virginia
$5K – – –
Bank of Montreal
111
Bank of Montreal
Ontario, Canada
$5K +$4.93K +400 New
JIC
112
Joel Isaacson & Co
New York
$3K – – –
N
113
Nuveen
North Carolina
$2.05K -$609K -49,400 -23%
WA
114
WFG Advisors
Texas
$2K – – –
PSI
115
Pinnacle Summer Investments
Virginia
$2K +$9.44K +766 New
HNB
116
Huntington National Bank
Ohio
$1K – – –
BIM
117
BlackRock Investment Management
Delaware
$1K +$542 +44 New
CC
118
Carlson Capital
Texas
– -$6.39M -525,000 Closed
TAM
119
Third Avenue Management
New York
– -$4.99M -409,999 Closed
NCM
120
Newgate Capital Management
Connecticut
– -$1.3M -107,760 Closed
IT
121
Independence Trust
Tennessee
– -$971K -79,786 Closed
RIL
122
Rothschild Investment LLC
Illinois
– -$267K -21,902 Closed
Citadel Advisors
123
Citadel Advisors
Florida
– -$227K -18,665 Closed
SB
124
Suntrust Banks
Georgia
– -$173K -14,301 Closed
HF
125
Hoxton Financial
West Virginia
– -$15K -1,202 Closed
2 3 4
5
6

BTZ Hedge Fund Activity: Q4 2015 in Review

116 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2015, worth a combined $536M — up 3.8% from $516M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new BTZ positions and 11 closed out — a net gain of 15 holders — while 31 added to existing stakes and 37 trimmed.

The largest buyer was Cleary Gull Holdings, adding an estimated $9.44M. The largest seller was Relative Value Partners Group, cutting an estimated $12M.

  • 116 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2015, up from 102 in Q3 2015.
  • Funds reported $536M of BlackRock Credit Allocation Income Trust stock for Q4 2015, up 3.8% quarter-over-quarter.
  • 26 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2015 and 11 closed out, a net change of +15 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2015 was Cleary Gull Holdings, an estimated $9.44M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2015 was Relative Value Partners Group, an estimated $12M sold.

Based on aggregated 13F filings for Q4 2015.