BlackRock Credit Allocation Income Trust
BTZ
131 hedge funds and large institutions have $631M invested in BlackRock Credit Allocation Income Trust in 2017 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 45 increasing their positions, 37 reducing their positions, and 9 closing their positions.
200% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 9
22% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 37
16% more funds holding
Funds holding: 113 → 131 (+18)
1.49% more ownership
Funds ownership: 42.33% → 43.82% (+1.5%)
2% more capital invested
Capital invested by funds: $617M → $631M (+$13.9M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$18.3M |
| 2 |
Morgan Stanley
New York
|
+$1.75M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.56M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.06M |
| 5 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$935K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.04M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.33M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.27M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$839K |
BTZ Hedge Fund Activity: Q4 2017 in Review
131 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2017, worth a combined $631M — up 2.3% from $617M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new BTZ positions and 9 closed out — a net gain of 18 holders — while 45 added to existing stakes and 37 trimmed.
The largest buyer was Wells Fargo, adding an estimated $18.3M. The largest seller was Karpus Investment Management, cutting an estimated $3.04M.
- 131 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2017, up from 113 in Q3 2017.
- Funds reported $631M of BlackRock Credit Allocation Income Trust stock for Q4 2017, up 2.3% quarter-over-quarter.
- 27 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2017 and 9 closed out, a net change of +18 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q4 2017 was Wells Fargo, an estimated $18.3M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q4 2017 was Karpus Investment Management, an estimated $3.04M sold.
Based on aggregated 13F filings for Q4 2017.