BlackRock Credit Allocation Income Trust
BTZ
131 hedge funds and large institutions have $581M invested in BlackRock Credit Allocation Income Trust in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 44 reducing their positions, and 18 closing their positions.
11% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 18
2.59% more ownership
Funds ownership: 46.3% → 48.88% (+2.6%)
1% more funds holding
Funds holding: 130 → 131 (+1)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less capital invested
Capital invested by funds: $601M → $581M (-$20.2M)
20% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$9.51M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$9.24M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$7.69M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$6.81M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$4.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$2.6M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.46M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.2M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.19M |
| 5 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$1.72M |
BTZ Hedge Fund Activity: Q4 2018 in Review
131 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2018, worth a combined $581M — down 3.4% from $601M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BTZ positions and 18 closed out — a net gain of 2 holders — while 35 added to existing stakes and 44 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $9.51M. The largest seller was Arete Wealth Advisors, exiting entirely with an estimated $2.6M sold.
- 131 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2018, up from 130 in Q3 2018.
- Funds reported $581M of BlackRock Credit Allocation Income Trust stock for Q4 2018, down 3.4% quarter-over-quarter.
- 20 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2018 and 18 closed out, a net change of +2 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q4 2018 was Saba Capital Management, an estimated $9.51M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q4 2018 was Arete Wealth Advisors, an estimated $2.6M sold.
Based on aggregated 13F filings for Q4 2018.