BlackRock Credit Allocation Income Trust
BTZ
128 hedge funds and large institutions have $635M invested in BlackRock Credit Allocation Income Trust in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 44 increasing their positions, 41 reducing their positions, and 14 closing their positions.
9% more capital invested
Capital invested by funds: $581M → $635M (+$54.4M)
7% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 41
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.74% less ownership
Funds ownership: 48.88% → 48.15% (-0.74%)
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
2% less funds holding
Funds holding: 131 → 128 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$26M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.28M |
| 3 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$1.11M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$996K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$8.97M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$7.79M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$3.38M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$3.14M |
| 5 |
VF
Virtu Financial
New York
|
-$1.43M |
BTZ Hedge Fund Activity: Q1 2019 in Review
128 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2019, worth a combined $635M — up 9.4% from $581M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BTZ and 13 opened new positions — a net loss of 1 holder — while 41 trimmed existing stakes and 44 added.
The largest buyer was Saba Capital Management, adding an estimated $26M. The largest seller was UBS Group, cutting an estimated $8.97M.
- 128 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2019, down from 131 in Q4 2018.
- Funds reported $635M of BlackRock Credit Allocation Income Trust stock for Q1 2019, up 9.4% quarter-over-quarter.
- 13 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2019 and 14 closed out, a net change of -1 holder.
- The largest BlackRock Credit Allocation Income Trust buyer in Q1 2019 was Saba Capital Management, an estimated $26M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q1 2019 was UBS Group, an estimated $8.97M sold.
Based on aggregated 13F filings for Q1 2019.