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BlackRock Credit Allocation Income Trust
BTZ

149 hedge funds and large institutions have $404M invested in BlackRock Credit Allocation Income Trust in 2023 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 45 increasing their positions, 37 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

27% more capital invested

Capital invested by funds: $318M → $404M (+$85.8M)

22% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 37

13% more funds holding

Funds holding: 132 → 149 (+17)

6.76% more ownership

Funds ownership: 35.14% → 41.9% (+6.8%)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
149
Holders Change
+17
Holders Change %
+12.88%
% of All Funds
2.17%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.01%
New
32
Increased
45
Reduced
37
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$49.9M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
+$11.8M
3
AA
AQR Arbitrage
Connecticut
+$3.56M
4
LCM
Landscape Capital Management
New Jersey
+$3.03M
5
DADC
D.A. Davidson & Co
Montana
+$1.22M

Top Sellers

1
SAMC
Spectrum Asset Management (Connecticut)
Connecticut
-$7M
2
ACP
Arcus Capital Partners
Georgia
-$5.54M
3
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
-$2.01M
4
BI
Bramshill Investments
Florida
-$1.98M
5
Bank of America
Bank of America
North Carolina
-$1.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
SAMC
151
Spectrum Asset Management (Connecticut)
Connecticut
– -$7M -723,135 Closed
TWA
152
TCI Wealth Advisors
Arizona
– -$243K -25,067 Closed
PP
153
Pegasus Partners
Wisconsin
– -$242K -25,000 Closed
KPWS
154
Kestra Private Wealth Services
Texas
– -$187K -19,269 Closed
OC
155
Oarsman Capital
Wisconsin
– -$147K -15,185 Closed
Susquehanna International Group
156
Susquehanna International Group
Pennsylvania
– -$144K -14,881 Closed
Millennium Management
157
Millennium Management
New York
– -$122K -12,593 Closed
P
158
&Partners
Tennessee
– -$105K -10,872 Closed
CAN
159
Cetera Advisor Networks
California
– -$102K -10,486 Closed
CFB
160
Cullen/Frost Bankers
Texas
– -$36.5K -3,767 Closed
EBA
161
Eagle Bay Advisors
New York
– -$19.4K -2,000 Closed
EAM
162
Eukles Asset Management
Ohio
– -$16.1K -1,661 Closed
SL
163
Savior LLC
Massachusetts
– -$2.23K -230 Closed
Fidelity Investments
164
Fidelity Investments
Massachusetts
– -$10 -1 Closed
3 4 5 6
7

BTZ Hedge Fund Activity: Q4 2023 in Review

149 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2023, worth a combined $404M — up 27% from $318M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BTZ positions and 14 closed out — a net gain of 18 holders — while 45 added to existing stakes and 37 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $49.9M. The largest seller was Spectrum Asset Management (Connecticut), exiting entirely with an estimated $7M sold.

  • 149 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2023, up from 132 in Q3 2023.
  • Funds reported $404M of BlackRock Credit Allocation Income Trust stock for Q4 2023, up 27% quarter-over-quarter.
  • 32 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2023 and 14 closed out, a net change of +18 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2023 was Morgan Stanley, an estimated $49.9M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2023 was Spectrum Asset Management (Connecticut), an estimated $7M sold.

Based on aggregated 13F filings for Q4 2023.