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BlackRock Credit Allocation Income Trust
BTZ

131 hedge funds and large institutions have $581M invested in BlackRock Credit Allocation Income Trust in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 44 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 18

2.59% more ownership

Funds ownership: 46.3% → 48.88% (+2.6%)

1% more funds holding

Funds holding: 130 → 131 (+1)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less capital invested

Capital invested by funds: $601M → $581M (-$20.2M)

20% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 44

Holders
131
Holders Change
+1
Holders Change %
+0.77%
% of All Funds
2.92%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
20
Increased
35
Reduced
44
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$9.51M
2
Wells Fargo
Wells Fargo
California
+$9.24M
3
FIMG
Financial & Investment Management Group
Michigan
+$7.69M
4
1CP
1607 Capital Partners
Virginia
+$6.81M
5
Bank of America
Bank of America
North Carolina
+$4.7M

Top Sellers

Rank Fund Capital Flow
1
AWA
Arete Wealth Advisors
Illinois
-$2.6M
2
UBS Group
UBS Group
Switzerland
-$2.46M
3
RCM
Robinson Capital Management
Michigan
-$2.2M
4
CRC
Curi RMB Capital
Illinois
-$2.19M
5
NVIM
New Vernon Investment Management
Illinois
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIC
101
Ameritas Investment Company
Nebraska
$67K +$70.5K +6,020 New
APA
102
American Portfolios Advisors
New York
$49.2K – – –
SWM
103
SeaCrest Wealth Management
New York
$43K – – –
US Bancorp
104
US Bancorp
Minnesota
$40K – – –
NSIM
105
North Star Investment Management
Illinois
$37K +$164 +14 +0.4%
Citigroup
106
Citigroup
New York
$34K -$131K -11,184 -79%
AWMS
107
Advocacy Wealth Management Services
Georgia
$34K – – –
First Manhattan
108
First Manhattan
New York
$33K – – –
Fifth Third Bancorp
109
Fifth Third Bancorp
Ohio
$30K – – –
IA
110
IFP Advisors
Florida
$29K – – –
WCM
111
WealthBridge Capital Management
Ohio
$27K +$28.7K +2,450 New
FPB
112
First PREMIER Bank
South Dakota
$19K – – –
EAM
113
Eukles Asset Management
Ohio
$19K +$19.4K +1,661 New
EWM
114
Endurance Wealth Management
Rhode Island
$13K – – –
NCM
115
Next Capital Management
New York
$12K +$12.1K +1,038 New
BCWM
116
Bartlett & Co Wealth Management
Ohio
$11.5K – – –
Barclays
117
Barclays
United Kingdom
$11K – – –
BC
118
Bartlett & Co
Ohio
$11K – – –
KL
119
KWMG LLC
Kansas
$10K – – –
CTC
120
Central Trust Company
Missouri
$8K – – –
NFG
121
Next Financial Group
Texas
$8K – – –
AIM
122
Anchor Investment Management
South Carolina
$5.59K -$5.85K -500 -50%
GWM
123
Geneos Wealth Management
Colorado
$5K – – –
OFW
124
Omnia Family Wealth
Florida
$5K – – –
LF
125
Lee Financial
Texas
$4K – – –
2 3 4
5
6

BTZ Hedge Fund Activity: Q4 2018 in Review

131 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2018, worth a combined $581M — down 3.4% from $601M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new BTZ positions and 18 closed out — a net gain of 2 holders — while 35 added to existing stakes and 44 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $9.51M. The largest seller was Arete Wealth Advisors, exiting entirely with an estimated $2.6M sold.

  • 131 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2018, up from 130 in Q3 2018.
  • Funds reported $581M of BlackRock Credit Allocation Income Trust stock for Q4 2018, down 3.4% quarter-over-quarter.
  • 20 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2018 and 18 closed out, a net change of +2 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2018 was Saba Capital Management, an estimated $9.51M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2018 was Arete Wealth Advisors, an estimated $2.6M sold.

Based on aggregated 13F filings for Q4 2018.