We are live on ! Find out more
BTZ icon

BlackRock Credit Allocation Income Trust
BTZ

91 hedge funds and large institutions have $447M invested in BlackRock Credit Allocation Income Trust in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 24 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 24

6% more capital invested

Capital invested by funds: $420M → $447M (+$27.2M)

1.76% more ownership

Funds ownership: 29.9% → 31.66% (+1.8%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

2% less funds holding

Funds holding: 93 → 91 (-2)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

Holders
91
Holders Change
-2
Holders Change %
-2.15%
% of All Funds
2.95%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
14
Increased
33
Reduced
24
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$12.9M
2
TAM
Third Avenue Management
New York
+$5.63M
3
AIM
Assured Investment Management
New York
+$5.03M
4
Invesco
Invesco
Georgia
+$4.92M
5
Wells Fargo
Wells Fargo
California
+$4.2M

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$5.99M
2
LIM
Longfellow Investment Management
Massachusetts
-$4.63M
3
SG Americas Securities
SG Americas Securities
New York
-$4.2M
4
CA
Commerzbank Aktiengesellschaft
Germany
-$4.16M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$76.3M +$4.2M +334,044 +6%
RVP
2
Relative Value Partners
Illinois
$55.5M +$2.56M +203,420 +5%
RCM
3
Rivernorth Capital Management
Florida
$41.8M -$240K -19,067 -0.6%
Morgan Stanley
4
Morgan Stanley
New York
$39.2M +$1.98M +157,294 +6%
SIA
5
Sit Investment Associates
Minnesota
$23.7M -$5.99M -475,562 -21%
Bank of America
6
Bank of America
North Carolina
$19.5M +$380K +30,197 +2%
FIMG
7
Financial & Investment Management Group
Michigan
$18.9M +$1.51M +119,834 +9%
SAMC
8
Spectrum Asset Management (Connecticut)
Connecticut
$16M – – –
PPA
9
Parametric Portfolio Associates
Washington
$15.2M +$86K +6,832 +0.6%
SCM
10
Saba Capital Management
New York
$13.4M +$12.9M +1,025,683 New
GC
11
Guggenheim Capital
Illinois
$13.3M -$262K -20,791 -2%
Invesco
12
Invesco
Georgia
$11.1M +$4.92M +391,293 +85%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$11M -$1.71M -135,719 -14%
1CP
14
1607 Capital Partners
Virginia
$9.38M +$3.96M +314,463 +78%
AQR Capital Management
15
AQR Capital Management
Connecticut
$8.78M +$2.59M +205,488 +44%
1832 Asset Management
16
1832 Asset Management
Ontario, Canada
$6.55M +$1.33M +105,796 +27%
TAM
17
Third Avenue Management
New York
$5.83M +$5.63M +447,448 New
AIM
18
Assured Investment Management
New York
$5.22M +$5.03M +400,000 New
U
19
UBS
Switzerland
$5.2M +$134K +10,678 +3%
MCC
20
Mid Continent Capital
Illinois
$4.86M -$373K -29,657 -7%
AAM
21
Advisors Asset Management
Colorado
$4.13M -$937K -74,466 -19%
MRCM
22
M&R Capital Management
New Jersey
$4.08M +$39K +3,100 +1%
LPL Financial
23
LPL Financial
California
$3.22M -$411K -32,683 -11%
HK
24
Horizon Kinetics
New York
$2.92M -$835K -66,326 -23%
N
25
Nuveen
North Carolina
$2.87M +$227K +18,000 +9%
1
2 3 4 5

BTZ Hedge Fund Activity: Q3 2013 in Review

91 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2013, worth a combined $447M — up 6.5% from $420M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of BTZ and 14 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 33 added.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $12.9M. The largest seller was Sit Investment Associates, cutting an estimated $5.99M.

  • 91 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2013, down from 93 in Q2 2013.
  • Funds reported $447M of BlackRock Credit Allocation Income Trust stock for Q3 2013, up 6.5% quarter-over-quarter.
  • 14 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2013 and 16 closed out, a net change of -2 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q3 2013 was Saba Capital Management, an estimated $12.9M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q3 2013 was Sit Investment Associates, an estimated $5.99M sold.

Based on aggregated 13F filings for Q3 2013.