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BlackRock Credit Allocation Income Trust
BTZ

140 hedge funds and large institutions have $596M invested in BlackRock Credit Allocation Income Trust in 2019 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 53 increasing their positions, 28 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 14

89% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 28

13% more funds holding

Funds holding: 124 → 140 (+16)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5.4% less ownership

Funds ownership: 46.45% → 41.05% (-5.4%)

6% less capital invested

Capital invested by funds: $631M → $596M (-$34.9M)

Holders
140
Holders Change
+16
Holders Change %
+12.9%
% of All Funds
2.76%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
32
Increased
53
Reduced
28
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$17.6M
2
SIA
Sit Investment Associates
Minnesota
+$13.7M
3
BI
Bramshill Investments
Florida
+$6.53M
4
PCM
Penserra Capital Management
California
+$3.26M
5
UBS Group
UBS Group
Switzerland
+$2.47M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$55.1M
2
KIM
Karpus Investment Management
New York
-$36.6M
3
Wells Fargo
Wells Fargo
California
-$27.7M
4
BI
Bulldog Investors
New Jersey
-$4.62M
5
1CP
1607 Capital Partners
Virginia
-$3.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFS
126
Sowell Financial Services
Arkansas
$11K +$682 +50 +7%
VCP
127
Verus Capital Partners
Arizona
$11K +$10.9K +800 New
TCM
128
Tradewinds Capital Management
Washington
$10K +$9.54K +700 New
FCB
129
First Command Bank
Texas
$7K +$6.82K +500 New
FCFS
130
First Command Financial Services
Texas
$7K +$6.82K +500 New
AIM
131
Anchor Investment Management
South Carolina
$6.99K – – –
CHAM
132
Clear Harbor Asset Management
Connecticut
$5.59K +$5.45K +400 New
RFM
133
Royal Fund Management
Florida
$5K – – –
JPLA
134
Joseph P. Lucia & Associates
New York
$3K – – –
SIS
135
Sound Income Strategies
Florida
$3K – – –
THWM
136
Taylor Hoffman Wealth Management
Virginia
$3K – – –
Northern Trust
137
Northern Trust
Illinois
$3K +$330K +24,239 New
BFC
138
Bedel Financial Consulting
Indiana
$2K +$1.9K +139 New
KIM
139
Karpus Investment Management
New York
– -$36.6M -2,690,777 Closed
BI
140
Bulldog Investors
New Jersey
– -$4.62M -339,028 Closed
1CP
141
1607 Capital Partners
Virginia
– -$3.97M -291,684 Closed
HighTower Advisors
142
HighTower Advisors
Illinois
– -$3.24M -238,156 Closed
Jane Street
143
Jane Street
New York
– -$896K -65,787 Closed
DWM
144
Dakota Wealth Management
Florida
– -$752K -55,225 Closed
V
145
Veritable
Delaware
– -$619K -45,455 Closed
N
146
Nuveen
North Carolina
– -$436K -32,000 Closed
YCM
147
Yakira Capital Management
Connecticut
– -$361K -26,487 Closed
Thrivent Financial for Lutherans
148
Thrivent Financial for Lutherans
Minnesota
– -$354K -26,047 Closed
Bank of New York Mellon
149
Bank of New York Mellon
New York
– -$158K -11,600 Closed
First Manhattan
150
First Manhattan
New York
– -$34K -2,500 Closed
3 4 5
6
7

BTZ Hedge Fund Activity: Q4 2019 in Review

140 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2019, worth a combined $596M — down 5.5% from $631M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BTZ positions and 14 closed out — a net gain of 18 holders — while 53 added to existing stakes and 28 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $17.6M. The largest seller was Saba Capital Management, cutting an estimated $55.1M.

  • 140 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2019, up from 124 in Q3 2019.
  • Funds reported $596M of BlackRock Credit Allocation Income Trust stock for Q4 2019, down 5.5% quarter-over-quarter.
  • 32 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2019 and 14 closed out, a net change of +18 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2019 was Rivernorth Capital Management, an estimated $17.6M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2019 was Saba Capital Management, an estimated $55.1M sold.

Based on aggregated 13F filings for Q4 2019.