BlackRock Credit Allocation Income Trust
BTZ
119 hedge funds and large institutions have $557M invested in BlackRock Credit Allocation Income Trust in 2016 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 45 increasing their positions, 36 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
25% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 36
5% more funds holding
Funds holding: 113 → 119 (+6)
4% more capital invested
Capital invested by funds: $537M → $557M (+$19.9M)
0.43% more ownership
Funds ownership: 37.56% → 38% (+0.43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AMH
Apollo Management Holdings
New York
|
+$5.29M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$4.78M |
| 3 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
+$3.08M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.61M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.26M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.98M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.28M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.86M |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BTS
126
BB&T Securities
Richmond,
Virginia
| – | -$154K | -11,840 | Closed |
|
|
DADC
127
D.A. Davidson & Co
Great Falls,
Montana
| – | -$56K | -4,377 | Closed |
|
|
PSUF
128
People's United Financial
Bridgeport,
Connecticut
| – | -$9K | -670 | Closed |
|
129
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$4K | -300 | Closed |
|
BTZ Hedge Fund Activity: Q3 2016 in Review
119 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2016, worth a combined $557M — up 3.7% from $537M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BTZ positions and 8 closed out — a net gain of 6 holders — while 45 added to existing stakes and 36 trimmed.
The largest buyer was Apollo Management Holdings, opening a new position worth an estimated $5.29M. The largest seller was Wells Fargo, cutting an estimated $3.26M.
- 119 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2016, up from 113 in Q2 2016.
- Funds reported $557M of BlackRock Credit Allocation Income Trust stock for Q3 2016, up 3.7% quarter-over-quarter.
- 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2016 and 8 closed out, a net change of +6 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q3 2016 was Apollo Management Holdings, an estimated $5.29M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q3 2016 was Wells Fargo, an estimated $3.26M sold.
Based on aggregated 13F filings for Q3 2016.