BlackRock Credit Allocation Income Trust
BTZ
113 hedge funds and large institutions have $617M invested in BlackRock Credit Allocation Income Trust in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 47 increasing their positions, 31 reducing their positions, and 10 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 31
1.04% more ownership
Funds ownership: 41.29% → 42.33% (+1%)
2% more capital invested
Capital invested by funds: $605M → $617M (+$11.9M)
2% less funds holding
Funds holding: 115 → 113 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$18.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.28M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.15M |
| 4 |
EDRIA
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
|
+$1.76M |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.08M |
| 2 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
-$4.93M |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$1.34M |
| 4 |
RVPG
Relative Value Partners Group
|
-$1.34M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.16M |
BTZ Hedge Fund Activity: Q3 2017 in Review
113 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q3 2017, worth a combined $617M — up 2% from $605M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BTZ and 9 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 47 added.
The largest buyer was Wells Fargo, adding an estimated $18.4M. The largest seller was Sit Investment Associates, cutting an estimated $6.08M.
- 113 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q3 2017, down from 115 in Q2 2017.
- Funds reported $617M of BlackRock Credit Allocation Income Trust stock for Q3 2017, up 2% quarter-over-quarter.
- 9 funds opened new BlackRock Credit Allocation Income Trust positions in Q3 2017 and 10 closed out, a net change of -1 holder.
- The largest BlackRock Credit Allocation Income Trust buyer in Q3 2017 was Wells Fargo, an estimated $18.4M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q3 2017 was Sit Investment Associates, an estimated $6.08M sold.
Based on aggregated 13F filings for Q3 2017.