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BlackRock Credit Allocation Income Trust
BTZ

128 hedge funds and large institutions have $635M invested in BlackRock Credit Allocation Income Trust in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 44 increasing their positions, 41 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $581M → $635M (+$54.4M)

7% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 41

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

0.74% less ownership

Funds ownership: 48.88% → 48.15% (-0.74%)

7% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 14

2% less funds holding

Funds holding: 131 → 128 (-3)

Holders
128
Holders Change
-3
Holders Change %
-2.29%
% of All Funds
2.77%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
13
Increased
44
Reduced
41
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$26M
2
Bank of America
Bank of America
North Carolina
+$3.28M
3
NL
NWAM LLC
Washington
+$1.11M
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1M
5
RJA
Raymond James & Associates
Florida
+$996K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$8.97M
2
Wells Fargo
Wells Fargo
California
-$7.79M
3
VIA
Vident Investment Advisory
Georgia
-$3.38M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$3.14M
5
VF
Virtu Financial
New York
-$1.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
THWM
126
Taylor Hoffman Wealth Management
Virginia
$2K – – –
VIA
127
Vident Investment Advisory
Georgia
– -$3.38M -302,271 Closed
VF
128
Virtu Financial
New York
– -$1.43M -128,197 Closed
Baird Financial Group
129
Baird Financial Group
Wisconsin
– -$575K -51,450 Closed
WAM
130
Weiss Asset Management
Massachusetts
– -$514K -46,000 Closed
OFG
131
OTA Financial Group
New York
– -$290K -25,963 Closed
Fisher Asset Management
132
Fisher Asset Management
Washington
– -$206K -18,383 Closed
Jane Street
133
Jane Street
New York
– -$203K -18,117 Closed
Goldman Sachs
134
Goldman Sachs
New York
– -$199K -17,830 Closed
SPC
135
Sigma Planning Corp
Michigan
– -$190K -17,038 Closed
SB
136
Suntrust Banks
Georgia
– -$132K -11,837 Closed
AIC
137
Ameritas Investment Company
Nebraska
– -$67K -6,020 Closed
AWMS
138
Advocacy Wealth Management Services
Georgia
– -$34K -3,000 Closed
LF
139
Lee Financial
Texas
– -$4K -373 Closed
GWMIA
140
Global Wealth Management Investment Advisory
Florida
– +$36 +3 New
2 3 4 5
6

BTZ Hedge Fund Activity: Q1 2019 in Review

128 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2019, worth a combined $635M — up 9.4% from $581M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BTZ and 13 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 44 added.

The largest buyer was Saba Capital Management, adding an estimated $26M. The largest seller was UBS Group, cutting an estimated $8.97M.

  • 128 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2019, down from 131 in Q4 2018.
  • Funds reported $635M of BlackRock Credit Allocation Income Trust stock for Q1 2019, up 9.4% quarter-over-quarter.
  • 13 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2019 and 14 closed out, a net change of -1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q1 2019 was Saba Capital Management, an estimated $26M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q1 2019 was UBS Group, an estimated $8.97M sold.

Based on aggregated 13F filings for Q1 2019.