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BlackRock Credit Allocation Income Trust
BTZ

116 hedge funds and large institutions have $536M invested in BlackRock Credit Allocation Income Trust in 2015 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 11

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

14% more funds holding

Funds holding: 102 → 116 (+14)

4% more capital invested

Capital invested by funds: $516M → $536M (+$19.8M)

0.9% more ownership

Funds ownership: 39.4% → 40.3% (+0.9%)

16% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 37

Holders
116
Holders Change
+14
Holders Change %
+13.73%
% of All Funds
3.04%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.18%
New
26
Increased
31
Reduced
37
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CGH
Cleary Gull Holdings
Wisconsin
+$9.44M
2
Wells Fargo
Wells Fargo
California
+$9.44M
3
KIM
Karpus Investment Management
New York
+$8.26M
4
NL
NWAM LLC
Washington
+$7.95M
5
FWIA
Fort Washington Investment Advisors
Ohio
+$3.96M

Top Sellers

1
RVPG
Relative Value Partners Group
-$12M
2
CC
Carlson Capital
Texas
-$6.39M
3
FIMG
Financial & Investment Management Group
Michigan
-$5.4M
4
TAM
Third Avenue Management
New York
-$4.99M
5
SCM
Saba Capital Management
New York
-$3.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$124M +$9.44M +765,586 +8%
RVPG
2
Relative Value Partners Group
$47.4M -$12M -977,618 -20%
RCM
3
Rivernorth Capital Management
Florida
$37.9M -$951K -77,136 -2%
KIM
4
Karpus Investment Management
New York
$33M +$8.26M +669,989 +33%
Bank of America
5
Bank of America
North Carolina
$30.6M -$631K -51,216 -2%
SIA
6
Sit Investment Associates
Minnesota
$22.2M +$324K +26,250 +1%
Morgan Stanley
7
Morgan Stanley
New York
$18M -$237K -19,269 -1%
1CP
8
1607 Capital Partners
Virginia
$17.7M -$1.4M -113,333 -7%
PPA
9
Parametric Portfolio Associates
Washington
$17.3M +$739K +59,949 +4%
Invesco
10
Invesco
Georgia
$14.5M +$434K +35,240 +3%
CGH
11
Cleary Gull Holdings
Wisconsin
$12.3M +$9.44M +766,030 +337%
SAMC
12
Spectrum Asset Management (Connecticut)
Connecticut
$11.9M – – –
OA
13
Oxbow Advisors
Texas
$11.2M +$595K +48,291 +6%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$9.87M +$2.29M +185,874 +30%
UBS Group
15
UBS Group
Switzerland
$9.41M -$517K -41,926 -5%
FIMG
16
Financial & Investment Management Group
Michigan
$8.68M -$5.4M -438,505 -38%
Bessemer Group
17
Bessemer Group
New Jersey
$8.35M -$370K -30,000 -4%
NL
18
NWAM LLC
Washington
$7.96M +$7.95M +644,864 New
SCM
19
Saba Capital Management
New York
$7.71M -$3.42M -277,369 -31%
EIA
20
Edgemoor Investment Advisors
Maryland
$7.03M +$1.71M +138,501 +32%
LPL Financial
21
LPL Financial
California
$5.7M +$2.72M +220,741 +92%
CIA
22
Capital Investment Advisors
Georgia
$4.22M +$277K +22,444 +7%
FFA
23
First Foundation Advisors
California
$4.16M +$1.02M +83,076 +33%
MRCM
24
M&R Capital Management
New Jersey
$4.13M -$251K -20,400 -6%
RJA
25
Raymond James & Associates
Florida
$4.06M -$393K -31,847 -9%
1
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BTZ Hedge Fund Activity: Q4 2015 in Review

116 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q4 2015, worth a combined $536M — up 3.8% from $516M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new BTZ positions and 11 closed out — a net gain of 15 holders — while 31 added to existing stakes and 37 trimmed.

The largest buyer was Cleary Gull Holdings, adding an estimated $9.44M. The largest seller was Relative Value Partners Group, cutting an estimated $12M.

  • 116 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q4 2015, up from 102 in Q3 2015.
  • Funds reported $536M of BlackRock Credit Allocation Income Trust stock for Q4 2015, up 3.8% quarter-over-quarter.
  • 26 funds opened new BlackRock Credit Allocation Income Trust positions in Q4 2015 and 11 closed out, a net change of +15 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q4 2015 was Cleary Gull Holdings, an estimated $9.44M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q4 2015 was Relative Value Partners Group, an estimated $12M sold.

Based on aggregated 13F filings for Q4 2015.