BlackRock Credit Allocation Income Trust
BTZ
115 hedge funds and large institutions have $605M invested in BlackRock Credit Allocation Income Trust in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 42 increasing their positions, 33 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
27% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 33
6% more capital invested
Capital invested by funds: $572M → $605M (+$33.2M)
3% more funds holding
Funds holding: 112 → 115 (+3)
1.68% more ownership
Funds ownership: 39.61% → 41.29% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$10.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.91M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.67M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.71M |
| 2 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
-$2.76M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.33M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.47M |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$996K |
BTZ Hedge Fund Activity: Q2 2017 in Review
115 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2017, worth a combined $605M — up 5.8% from $572M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BTZ positions and 9 closed out — a net gain of 4 holders — while 42 added to existing stakes and 33 trimmed.
The largest buyer was Wells Fargo, adding an estimated $10.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.71M.
- 115 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2017, up from 112 in Q1 2017.
- Funds reported $605M of BlackRock Credit Allocation Income Trust stock for Q2 2017, up 5.8% quarter-over-quarter.
- 13 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2017 and 9 closed out, a net change of +4 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q2 2017 was Wells Fargo, an estimated $10.5M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q2 2017 was Rivernorth Capital Management, an estimated $3.71M sold.
Based on aggregated 13F filings for Q2 2017.