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BlackRock Credit Allocation Income Trust
BTZ

128 hedge funds and large institutions have $516M invested in BlackRock Credit Allocation Income Trust in 2020 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 33 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

30% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 33

30% more capital invested

Capital invested by funds: $399M → $516M (+$118M)

8.53% more ownership

Funds ownership: 33.42% → 41.95% (+8.5%)

3% less funds holding

Funds holding: 132 → 128 (-4)

13% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 23

Holders
128
Holders Change
-4
Holders Change %
-3.03%
% of All Funds
2.62%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
20
Increased
43
Reduced
33
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$61.3M
2
SIA
Sit Investment Associates
Minnesota
+$28.7M
3
Bank of America
Bank of America
North Carolina
+$4.3M
4
GC
Guggenheim Capital
Illinois
+$2.23M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$987K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$15.2M
2
Wells Fargo
Wells Fargo
California
-$12.1M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
-$3.01M
4
Invesco
Invesco
Georgia
-$2.56M
5
AA
Apriem Advisors
California
-$1.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
101
Procyon Advisors
Connecticut
$27K – – –
FPB
102
First PREMIER Bank
South Dakota
$22K – – –
APWA
103
Atlas Private Wealth Advisors
New Jersey
$22K +$21.7K +1,650 New
EAM
104
Eukles Asset Management
Ohio
$21K – – –
US Bancorp
105
US Bancorp
Minnesota
$20K – – –
WB
106
Webster Bank
Connecticut
$18K – – –
RIM
107
Rockbridge Investment Management
New York
$17K +$16.7K +1,266 New
PWP
108
Principle Wealth Partners
Connecticut
$16K +$16K +1,217 New
CFB
109
Cullen/Frost Bankers
Texas
$15K +$14.5K +1,100 New
BCWM
110
Bartlett & Co Wealth Management
Ohio
$13.5K – – –
AWM
111
Atticus Wealth Management
Florida
$13K – – –
BC
112
Bartlett & Co
Ohio
$13K – – –
HFA
113
Hoover Financial Advisors
Pennsylvania
$12K +$11.6K +880 New
CTC
114
Central Trust Company
Missouri
$10K -$13.2K -1,000 -57%
PP
115
Pacifica Partners
Canada
$10K +$171 +13 +2%
SFS
116
Sowell Financial Services
Arkansas
$9K +$237 +18 +3%
TRCT
117
Tower Research Capital (TRC)
New York
$8K +$7.91K +600 New
AF
118
Advisornet Financial
Minnesota
$7K – – –
AIM
119
Anchor Investment Management
South Carolina
$6.6K – – –
PGAM
120
Princeton Global Asset Management
New Jersey
$6K – – –
JPLA
121
Joseph P. Lucia & Associates
New York
$3K – – –
SIS
122
Sound Income Strategies
Florida
$3K – – –
THWM
123
Taylor Hoffman Wealth Management
Virginia
$3K +$2.57K +195 New
BFC
124
Bedel Financial Consulting
Indiana
$2K – – –
AWM
125
Avior Wealth Management
Nebraska
$2K +$2.63K +200 New
2 3 4
5
6

BTZ Hedge Fund Activity: Q2 2020 in Review

128 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2020, worth a combined $516M — up 30% from $399M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BTZ and 20 opened new positions — a net loss of 3 holders — while 33 trimmed existing stakes and 43 added.

The largest buyer was BlackRock, opening a new position worth an estimated $61.3M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $15.2M sold.

  • 128 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2020, down from 132 in Q1 2020.
  • Funds reported $516M of BlackRock Credit Allocation Income Trust stock for Q2 2020, up 30% quarter-over-quarter.
  • 20 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2020 and 23 closed out, a net change of -3 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q2 2020 was BlackRock, an estimated $61.3M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q2 2020 was Rivernorth Capital Management, an estimated $15.2M sold.

Based on aggregated 13F filings for Q2 2020.