BlackRock Credit Allocation Income Trust
BTZ
116 hedge funds and large institutions have $575M invested in BlackRock Credit Allocation Income Trust in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 49 increasing their positions, 30 reducing their positions, and 15 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 30
3.02% more ownership
Funds ownership: 38% → 41.02% (+3%)
3% more capital invested
Capital invested by funds: $557M → $575M (+$18.3M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
7% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 15
3% less funds holding
Funds holding: 119 → 116 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$12.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$11.1M |
| 3 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$8.15M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.44M |
| 5 |
Millennium Management
New York
|
+$3.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.77M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$1.3M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.2M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.16M |
| 5 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$762K |
BTZ Hedge Fund Activity: Q4 2016 in Review
116 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2016, worth a combined $575M — up 3.3% from $557M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BTZ and 14 opened new positions — a net loss of 1 holder — while 30 trimmed existing stakes and 49 added.
The largest buyer was Nuveen, adding an estimated $12.3M. The largest seller was Sit Investment Associates, cutting an estimated $1.77M.
- 116 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2016, down from 119 in Q3 2016.
- Funds reported $575M of BlackRock Credit Allocation Income Trust stock for Q4 2016, up 3.3% quarter-over-quarter.
- 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2016 and 15 closed out, a net change of -1 holder.
- The largest BlackRock Credit Allocation Income Trust buyer in Q4 2016 was Nuveen, an estimated $12.3M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q4 2016 was Sit Investment Associates, an estimated $1.77M sold.
Based on aggregated 13F filings for Q4 2016.