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BlackRock Credit Allocation Income Trust
BTZ

140 hedge funds and large institutions have $596M invested in BlackRock Credit Allocation Income Trust in 2019 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 53 increasing their positions, 28 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 14

89% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 28

13% more funds holding

Funds holding: 124 → 140 (+16)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5.4% less ownership

Funds ownership: 46.45% → 41.05% (-5.4%)

6% less capital invested

Capital invested by funds: $631M → $596M (-$34.9M)

Holders
140
Holders Change
+16
Holders Change %
+12.9%
% of All Funds
2.76%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
32
Increased
53
Reduced
28
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$17.6M
2
SIA
Sit Investment Associates
Minnesota
+$13.7M
3
BI
Bramshill Investments
Florida
+$6.53M
4
PCM
Penserra Capital Management
California
+$3.26M
5
UBS Group
UBS Group
Switzerland
+$2.47M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$55.1M
2
KIM
Karpus Investment Management
New York
-$36.6M
3
Wells Fargo
Wells Fargo
California
-$27.7M
4
BI
Bulldog Investors
New Jersey
-$4.62M
5
1CP
1607 Capital Partners
Virginia
-$3.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
101
Edge Wealth Management
New York
$114K – – –
APA
102
American Portfolios Advisors
New York
$105K +$32.2K +2,362 +46%
AIC
103
Ameritas Investment Company
Nebraska
$88K – – –
GRP
104
Global Retirement Partners
California
$56K +$54.5K +4,000 New
AA
105
Argent Advisors
Louisiana
$51K +$50.4K +3,700 New
NSIM
106
North Star Investment Management
Illinois
$46K – – –
NFG
107
Next Financial Group
Texas
$39K +$26.4K +1,940 +234%
MRCM
108
M&R Capital Management
New Jersey
$27K -$2.73M -200,370 -99%
AF
109
Advisornet Financial
Minnesota
$27K +$19.6K +1,436 +275%
FPB
110
First PREMIER Bank
South Dakota
$24K – – –
CTC
111
Central Trust Company
Missouri
$24K +$13.6K +1,000 +133%
EAM
112
Eukles Asset Management
Ohio
$23K – – –
WT
113
Whittier Trust
California
$23K – – –
PA
114
Procyon Advisors
Connecticut
$23K +$22.5K +1,648 New
GWM
115
Geneos Wealth Management
Colorado
$21K +$1.36K +100 +7%
TCWM
116
Total Clarity Wealth Management
Illinois
$21K +$20.4K +1,500 New
US Bancorp
117
US Bancorp
Minnesota
$21K +$20.4K +1,500 New
HPC
118
HM Payson & Co
Maine
$20K – – –
WB
119
Webster Bank
Connecticut
$19K – – –
SW
120
SVB Wealth
Massachusetts
$16K +$15.2K +1,116 New
BCWM
121
Bartlett & Co Wealth Management
Ohio
$14.3K – – –
Barclays
122
Barclays
United Kingdom
$14K – – –
AWM
123
Atticus Wealth Management
Florida
$14K +$13.6K +1,000 New
PP
124
Pacifica Partners
Canada
$14K +$13.6K +1,000 New
PAM
125
Panagora Asset Management
Massachusetts
$13K +$12.6K +927 New
3 4
5
6 7

BTZ Hedge Fund Activity: Q4 2019 in Review

140 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2019, worth a combined $596M — down 5.5% from $631M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BTZ positions and 14 closed out — a net gain of 18 holders — while 53 added to existing stakes and 28 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $17.6M. The largest seller was Saba Capital Management, cutting an estimated $55.1M.

  • 140 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2019, up from 124 in Q3 2019.
  • Funds reported $596M of BlackRock Credit Allocation Income Trust stock for Q4 2019, down 5.5% quarter-over-quarter.
  • 32 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2019 and 14 closed out, a net change of +18 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2019 was Rivernorth Capital Management, an estimated $17.6M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2019 was Saba Capital Management, an estimated $55.1M sold.

Based on aggregated 13F filings for Q4 2019.