BlackRock Credit Allocation Income Trust
BTZ
113 hedge funds and large institutions have $537M invested in BlackRock Credit Allocation Income Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 29 reducing their positions, and 11 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 29
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
2% more capital invested
Capital invested by funds: $526M → $537M (+$10.9M)
0% more funds holding
Funds holding: 113 → 113 (0)
0.92% less ownership
Funds ownership: 38.48% → 37.56% (-0.92%)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$17M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$9.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.97M |
| 4 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
+$3.83M |
| 5 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
+$2.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$17.9M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$16.9M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$11.3M |
| 4 |
SCM
Saba Capital Management
New York
|
-$3.9M |
| 5 |
LPL Financial
San Diego,
California
|
-$2.94M |
BTZ Hedge Fund Activity: Q2 2016 in Review
113 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2016, worth a combined $537M — up 2.1% from $526M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BTZ positions and 11 closed out — a net gain of 1 holder — while 44 added to existing stakes and 29 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $17M. The largest seller was Relative Value Partners Group, cutting an estimated $17.9M.
- 113 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2016, unchanged from Q1 2016.
- Funds reported $537M of BlackRock Credit Allocation Income Trust stock for Q2 2016, up 2.1% quarter-over-quarter.
- 12 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
- The largest BlackRock Credit Allocation Income Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $17M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q2 2016 was Relative Value Partners Group, an estimated $17.9M sold.
Based on aggregated 13F filings for Q2 2016.