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BlackRock Credit Allocation Income Trust
BTZ

124 hedge funds and large institutions have $631M invested in BlackRock Credit Allocation Income Trust in 2019 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 32 increasing their positions, 49 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1% less capital invested

Capital invested by funds: $634M → $631M (-$3.43M)

3% less funds holding

Funds holding: 128 → 124 (-4)

3.47% less ownership

Funds ownership: 49.92% → 46.45% (-3.5%)

18% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 17

35% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 49

Holders
124
Holders Change
-4
Holders Change %
-3.13%
% of All Funds
2.72%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
14
Increased
32
Reduced
49
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$10.8M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2.53M
3
PPA
Parametric Portfolio Associates
Washington
+$2.38M
4
BI
Bramshill Investments
Florida
+$1.99M
5
RJA
Raymond James & Associates
Florida
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$17.8M
2
SCM
Saba Capital Management
New York
-$11.9M
3
MGAM
McGowan Group Asset Management
Texas
-$10.4M
4
RCM
Rivernorth Capital Management
Florida
-$10.2M
5
KIM
Karpus Investment Management
New York
-$9.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Manhattan
101
First Manhattan
New York
$34K – – –
AWM
102
Avior Wealth Management
Nebraska
$33K +$32.9K +2,450 New
RCM
103
Rivernorth Capital Management
Florida
$26.3K -$10.2M -759,583 -28%
EAM
104
Eukles Asset Management
Ohio
$23K – – –
FPB
105
First PREMIER Bank
South Dakota
$23K – – –
WT
106
Whittier Trust
California
$23K – – –
GWM
107
Geneos Wealth Management
Colorado
$19K -$10.1K -752 -34%
WB
108
Webster Bank
Connecticut
$19K +$18.5K +1,378 New
HPC
109
HM Payson & Co
Maine
$19K +$18.8K +1,399 New
Barclays
110
Barclays
United Kingdom
$14K – – –
BC
111
Bartlett & Co
Ohio
$14K – – –
NCM
112
Next Capital Management
New York
$14K – – –
BCWM
113
Bartlett & Co Wealth Management
Ohio
$13.9K – – –
NFG
114
Next Financial Group
Texas
$11K +$1.85K +138 +20%
CTC
115
Central Trust Company
Missouri
$10K -$6.72K -500 -40%
SFS
116
Sowell Financial Services
Arkansas
$10K +$9.91K +737 New
AF
117
Advisornet Financial
Minnesota
$7K – – –
AIM
118
Anchor Investment Management
South Carolina
$6.81K – – –
RFM
119
Royal Fund Management
Florida
$5K – – –
JPLA
120
Joseph P. Lucia & Associates
New York
$3K – – –
SIS
121
Sound Income Strategies
Florida
$3K – – –
THWM
122
Taylor Hoffman Wealth Management
Virginia
$3K – – –
MGAM
123
McGowan Group Asset Management
Texas
– -$10.4M -798,238 Closed
LCM
124
Landscape Capital Management
New Jersey
– -$1.13M -87,207 Closed
SFS
125
Shaker Financial Services
Virginia
– -$244K -18,806 Closed
2 3 4
5
6

BTZ Hedge Fund Activity: Q3 2019 in Review

124 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2019, worth a combined $631M — down 0.54% from $634M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BTZ and 14 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 32 added.

The largest buyer was Bank of America, adding an estimated $10.8M. The largest seller was Wells Fargo, cutting an estimated $17.8M.

  • 124 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2019, down from 128 in Q2 2019.
  • Funds reported $631M of BlackRock Credit Allocation Income Trust stock for Q3 2019, down 0.54% quarter-over-quarter.
  • 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2019 and 17 closed out, a net change of -3 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q3 2019 was Bank of America, an estimated $10.8M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q3 2019 was Wells Fargo, an estimated $17.8M sold.

Based on aggregated 13F filings for Q3 2019.