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BlackRock Credit Allocation Income Trust
BTZ

126 hedge funds and large institutions have $454M invested in BlackRock Credit Allocation Income Trust in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 47 increasing their positions, 29 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 29

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

2% less funds holding

Funds holding: 128 → 126 (-2)

7.76% less ownership

Funds ownership: 41.95% → 34.19% (-7.8%)

12% less capital invested

Capital invested by funds: $516M → $454M (-$62M)

Holders
126
Holders Change
-2
Holders Change %
-1.56%
% of All Funds
2.54%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
16
Increased
47
Reduced
29
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.72M
2
SIA
Sit Investment Associates
Minnesota
+$4.52M
3
IWA
IBEX Wealth Advisors
New Jersey
+$3.64M
4
Bank of America
Bank of America
North Carolina
+$2.72M
5
UBS Group
UBS Group
Switzerland
+$2.45M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$68.1M
2
BlackRock
BlackRock
New York
-$54.1M
3
BI
Bramshill Investments
Florida
-$1.5M
4
TA
TCG Advisors
Texas
-$1.32M
5
KIM
Karpus Investment Management
New York
-$837K
Name Holding Trade Value Shares
Change 		Change in
Stake
TA
126
TCG Advisors
Texas
– -$1.32M -99,736 Closed
SFS
127
Shaker Financial Services
Virginia
– -$488K -37,000 Closed
Millennium Management
128
Millennium Management
New York
– -$201K -15,231 Closed
Jane Street
129
Jane Street
New York
– -$184K -13,904 Closed
Goldman Sachs
130
Goldman Sachs
New York
– -$164K -12,414 Closed
ADBIC
131
A.D. Beadell Investment Counsel
Wisconsin
– -$136K -10,350 Closed
EWM
132
Edge Wealth Management
New York
– -$81K -6,150 Closed
CAN
133
Cetera Advisor Networks
California
– -$60K -4,570 Closed
WAM
134
Wolverine Asset Management
Illinois
– -$50K -3,846 Closed
PA
135
Procyon Advisors
Connecticut
– -$27K -2,075 Closed
PWP
136
Principle Wealth Partners
Connecticut
– -$16K -1,217 Closed
CFB
137
Cullen/Frost Bankers
Texas
– -$15K -1,100 Closed
HFA
138
Hoover Financial Advisors
Pennsylvania
– -$12K -880 Closed
TRCT
139
Tower Research Capital (TRC)
New York
– -$8K -600 Closed
JPLA
140
Joseph P. Lucia & Associates
New York
– -$3K -205 Closed
AWM
141
Avior Wealth Management
Nebraska
– -$2.79K -200 Closed
THWM
142
Taylor Hoffman Wealth Management
Virginia
– -$3K -195 Closed
2 3 4 5
6

BTZ Hedge Fund Activity: Q3 2020 in Review

126 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2020, worth a combined $454M — down 12% from $516M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BTZ and 16 opened new positions — a net loss of 1 holder — while 29 trimmed existing stakes and 47 added.

The largest buyer was Morgan Stanley, adding an estimated $4.72M. The largest seller was Wells Fargo, cutting an estimated $68.1M.

  • 126 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2020, down from 128 in Q2 2020.
  • Funds reported $454M of BlackRock Credit Allocation Income Trust stock for Q3 2020, down 12% quarter-over-quarter.
  • 16 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2020 and 17 closed out, a net change of -1 holder.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q3 2020 was Morgan Stanley, an estimated $4.72M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q3 2020 was Wells Fargo, an estimated $68.1M sold.

Based on aggregated 13F filings for Q3 2020.