BlackRock Credit Allocation Income Trust
BTZ
110 hedge funds and large institutions have $557M invested in BlackRock Credit Allocation Income Trust in 2014 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 28 reducing their positions, and 10 closing their positions.
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
50% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 28
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
7% more funds holding
Funds holding: 103 → 110 (+7)
1.12% more ownership
Funds ownership: 38.76% → 39.88% (+1.1%)
0% less capital invested
Capital invested by funds: $558M → $557M (-$757K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$11.1M |
| 2 |
TAM
Third Avenue Management
New York
|
+$8.53M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.28M |
| 4 |
Morgan Stanley
New York
|
+$4.73M |
| 5 |
LPL Financial
San Diego,
California
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.63M |
| 2 |
AC
Allstate Corporation
Northbrook,
Illinois
|
-$2.72M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.74M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.63M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.3M |
BTZ Hedge Fund Activity: Q4 2014 in Review
110 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2014, worth a combined $557M — down 0.14% from $558M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BTZ positions and 10 closed out — a net gain of 9 holders — while 42 added to existing stakes and 28 trimmed.
The largest buyer was Wells Fargo, adding an estimated $11.1M. The largest seller was Saba Capital Management, cutting an estimated $7.63M.
- 110 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2014, up from 103 in Q3 2014.
- Funds reported $557M of BlackRock Credit Allocation Income Trust stock for Q4 2014, down 0.14% quarter-over-quarter.
- 19 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2014 and 10 closed out, a net change of +9 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q4 2014 was Wells Fargo, an estimated $11.1M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q4 2014 was Saba Capital Management, an estimated $7.63M sold.
Based on aggregated 13F filings for Q4 2014.