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BlackRock Credit Allocation Income Trust
BTZ

131 hedge funds and large institutions have $631M invested in BlackRock Credit Allocation Income Trust in 2017 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 45 increasing their positions, 37 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 9

22% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 37

16% more funds holding

Funds holding: 113 → 131 (+18)

1.49% more ownership

Funds ownership: 42.33% → 43.82% (+1.5%)

2% more capital invested

Capital invested by funds: $617M → $631M (+$13.9M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
131
Holders Change
+18
Holders Change %
+15.93%
% of All Funds
2.97%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
27
Increased
45
Reduced
37
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$18.3M
2
Morgan Stanley
Morgan Stanley
New York
+$1.75M
3
PPA
Parametric Portfolio Associates
Washington
+$1.56M
4
SIA
Sit Investment Associates
Minnesota
+$1.06M
5
VIA
Vident Investment Advisory
Georgia
+$935K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$3.04M
2
Bessemer Group
Bessemer Group
New Jersey
-$2.8M
3
Bank of America
Bank of America
North Carolina
-$1.33M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.27M
5
RCM
Rivernorth Capital Management
Florida
-$839K
Name Holding Trade Value Shares
Change 		Change in
Stake
APA
101
American Portfolios Advisors
New York
$86.7K +$87K +6,512 New
IA
102
IFP Advisors
Florida
$83K -$286K -21,433 -77%
US Bancorp
103
US Bancorp
Minnesota
$75K +$2.67K +200 +4%
PWPS
104
Pinnacle Wealth Planning Services
Ohio
$54K +$55.1K +4,124 New
CFA
105
Carroll Financial Associates
North Carolina
$53K – – –
SWM
106
SeaCrest Wealth Management
New York
$51K +$51.2K +3,834 New
NSIM
107
North Star Investment Management
Illinois
$42K +$494 +37 +1%
AWMS
108
Advocacy Wealth Management Services
Georgia
$40K -$41.5K -3,105 -51%
First Manhattan
109
First Manhattan
New York
$39K -$57.4K -4,300 -59%
CA
110
Calton & Associates
Florida
$34K +$35.3K +2,643 New
WAM
111
Wealthspire Advisors (Maryland)
Maryland
$27K +$254 +19 +0.9%
WTB
112
Washington Trust Bank
Washington
$25K +$24.7K +1,850 New
FPB
113
First PREMIER Bank
South Dakota
$23K – – –
Envestnet Asset Management
114
Envestnet Asset Management
Illinois
$23K +$1.48K +111 +7%
PFGIA
115
Patriot Financial Group Insurance Agency
Massachusetts
$19K -$6.68K -500 -26%
TJHA
116
Thomas J. Herzfeld Advisors
Florida
$17K -$1.27M -95,395 -99%
EWM
117
Endurance Wealth Management
Rhode Island
$15K – – –
BC
118
Bartlett & Co
Ohio
$14K – – –
AIM
119
Anchor Investment Management
South Carolina
$13.3K – – –
Citigroup
120
Citigroup
New York
$13K -$10.9K -820 -45%
Barclays
121
Barclays
United Kingdom
$13K – – –
TA
122
Townsend & Associates
Colorado
$13K +$13.5K +1,010 New
CTC
123
Central Trust Company
Missouri
$10K +$10K +750 New
GWM
124
Geneos Wealth Management
Colorado
$6K – – –
THWM
125
Taylor Hoffman Wealth Management
Virginia
$3K +$2.6K +195 New
2 3 4
5
6

BTZ Hedge Fund Activity: Q4 2017 in Review

131 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2017, worth a combined $631M — up 2.3% from $617M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new BTZ positions and 9 closed out — a net gain of 18 holders — while 45 added to existing stakes and 37 trimmed.

The largest buyer was Wells Fargo, adding an estimated $18.3M. The largest seller was Karpus Investment Management, cutting an estimated $3.04M.

  • 131 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2017, up from 113 in Q3 2017.
  • Funds reported $631M of BlackRock Credit Allocation Income Trust stock for Q4 2017, up 2.3% quarter-over-quarter.
  • 27 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2017 and 9 closed out, a net change of +18 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2017 was Wells Fargo, an estimated $18.3M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2017 was Karpus Investment Management, an estimated $3.04M sold.

Based on aggregated 13F filings for Q4 2017.