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BlackRock Credit Allocation Income Trust
BTZ

125 hedge funds and large institutions have $597M invested in BlackRock Credit Allocation Income Trust in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 34 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

38% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 34

0.04% more ownership

Funds ownership: 43.82% → 43.85% (+0.04%)

5% less funds holding

Funds holding: 131 → 125 (-6)

5% less capital invested

Capital invested by funds: $631M → $597M (-$33.9M)

33% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 18

Holders
125
Holders Change
-6
Holders Change %
-4.58%
% of All Funds
2.86%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.11%
New
12
Increased
47
Reduced
34
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
+$8.2M
2
Wells Fargo
Wells Fargo
California
+$7.17M
3
SIA
Sit Investment Associates
Minnesota
+$3.9M
4
SCM
Saba Capital Management
New York
+$2M
5
RCM
Rivernorth Capital Management
Florida
+$1.68M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$12M
2
VIA
Vident Investment Advisory
Georgia
-$4.85M
3
PCP
Proficio Capital Partners
Massachusetts
-$2.78M
4
ACM
Ashford Capital Management
Delaware
-$1.78M
5
Bessemer Group
Bessemer Group
New Jersey
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
SEI Investments
101
SEI Investments
Pennsylvania
$37K -$484K -37,712 -93%
SFM
102
Signet Financial Management
New Jersey
$32K +$32.1K +2,500 New
FPB
103
First PREMIER Bank
South Dakota
$22K – – –
Envestnet Asset Management
104
Envestnet Asset Management
Illinois
$22K +$39 +3 +0.2%
PFGIA
105
Patriot Financial Group Insurance Agency
Massachusetts
$18K – – –
WAM
106
Wealthspire Advisors (Maryland)
Maryland
$17K -$9.04K -704 -35%
AF
107
Advisornet Financial
Minnesota
$17K +$17.2K +1,339 New
TJHA
108
Thomas J. Herzfeld Advisors
Florida
$16K – – –
TRCT
109
Tower Research Capital (TRC)
New York
$16K +$16.1K +1,252 New
EWM
110
Endurance Wealth Management
Rhode Island
$14K – – –
Barclays
111
Barclays
United Kingdom
$13K – – –
BC
112
Bartlett & Co
Ohio
$13K – – –
Citigroup
113
Citigroup
New York
$13K +$796 +62 +6%
BCWM
114
Bartlett & Co Wealth Management
Ohio
$12.9K +$13.1K +1,019 New
AIM
115
Anchor Investment Management
South Carolina
$12.7K – – –
CTC
116
Central Trust Company
Missouri
$10K – – –
GWM
117
Geneos Wealth Management
Colorado
$6K – – –
OFW
118
Omnia Family Wealth
Florida
$5K +$5.19K +404 New
Manulife (Manufacturers Life Insurance)
119
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$4K +$1.91K +149 +116%
CAL
120
Capital Analysts LLC
Pennsylvania
$4K +$3.58K +279 New
SIS
121
Sound Income Strategies
Florida
$3K – – –
SPIA
122
Steward Partners Investment Advisory
New York
$2K – – –
THWM
123
Taylor Hoffman Wealth Management
Virginia
$2K – – –
HNB
124
Huntington National Bank
Ohio
$1K – – –
GI
125
Gradient Investments
Minnesota
$1K +$514 +40 New
2 3 4
5
6

BTZ Hedge Fund Activity: Q1 2018 in Review

125 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2018, worth a combined $597M — down 5.4% from $631M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of BTZ and 12 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 47 added.

The largest buyer was Financial & Investment Management Group, opening a new position worth an estimated $8.2M. The largest seller was UBS Group, cutting an estimated $12M.

  • 125 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2018, down from 131 in Q4 2017.
  • Funds reported $597M of BlackRock Credit Allocation Income Trust stock for Q1 2018, down 5.4% quarter-over-quarter.
  • 12 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2018 and 18 closed out, a net change of -6 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q1 2018 was Financial & Investment Management Group, an estimated $8.2M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q1 2018 was UBS Group, an estimated $12M sold.

Based on aggregated 13F filings for Q1 2018.