BlackRock Credit Allocation Income Trust
BTZ
124 hedge funds and large institutions have $631M invested in BlackRock Credit Allocation Income Trust in 2019 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 32 increasing their positions, 49 reducing their positions, and 17 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1% less capital invested
Capital invested by funds: $634M → $631M (-$3.43M)
3% less funds holding
Funds holding: 128 → 124 (-4)
3.47% less ownership
Funds ownership: 49.92% → 46.45% (-3.5%)
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
35% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$10.8M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.53M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.38M |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.99M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$17.8M |
| 2 |
SCM
Saba Capital Management
New York
|
-$11.9M |
| 3 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$10.4M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$10.2M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$9.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MOS
126
MGO One Seven
Beachwood,
Ohio
| – | -$220K | -17,017 | Closed |
|
127
Northern Trust
Chicago,
Illinois
| – | -$2K | -14,429 | Closed |
|
|
SKK
128
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$169K | -13,010 | Closed |
|
|
MIG
129
Mariner Investment Group
Harrison,
New York
| – | -$130K | -10,000 | Closed |
|
130
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$52K | -4,000 | Closed |
|
131
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$34K | -2,651 | Closed |
|
132
US Bancorp
Minneapolis,
Minnesota
| – | -$34K | -2,617 | Closed |
|
|
RIA
133
Realta Investment Advisors
Wilmington,
Delaware
| – | -$32K | -2,575 | Closed |
|
|
TFS
134
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$28K | -2,126 | Closed |
|
135
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$26K | -2,037 | Closed |
|
|
CL
136
CSS LLC
Chicago,
Illinois
| – | -$24K | -1,834 | Closed |
|
|
IWA
137
IBEX Wealth Advisors
Bedminster,
New Jersey
| – | -$18K | -1,408 | Closed |
|
BTZ Hedge Fund Activity: Q3 2019 in Review
124 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2019, worth a combined $631M — down 0.54% from $634M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of BTZ and 14 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 32 added.
The largest buyer was Bank of America, adding an estimated $10.8M. The largest seller was Wells Fargo, cutting an estimated $17.8M.
- 124 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2019, down from 128 in Q2 2019.
- Funds reported $631M of BlackRock Credit Allocation Income Trust stock for Q3 2019, down 0.54% quarter-over-quarter.
- 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2019 and 17 closed out, a net change of -3 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q3 2019 was Bank of America, an estimated $10.8M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q3 2019 was Wells Fargo, an estimated $17.8M sold.
Based on aggregated 13F filings for Q3 2019.