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BlackRock Credit Allocation Income Trust

128 hedge funds and large institutions have $634M invested in BlackRock Credit Allocation Income Trust in 2019 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 41 increasing their positions, 38 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 17

1.78% more ownership

Funds ownership: 48.15%49.92% (+1.8%)

8% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 38

0% more funds holding

Funds holding: 128128 (0)

0% less capital invested

Capital invested by funds: $635M → $634M (-$1.15M)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
128
Holders Change
Holders Change %
0%
% of All Funds
2.78%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
21
Increased
41
Reduced
38
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$214M +$3.08M +242,519 +1%
SCM
2
Saba Capital Management
New York
$70.8M +$19.5M +1,538,624 +39%
Bank of America
3
Bank of America
North Carolina
$51.6M -$5.52M -435,150 -10%
KIM
4
Karpus Investment Management
New York
$44.5M -$323K -25,470 -0.7%
SIA
5
Sit Investment Associates
Minnesota
$25M +$3.3M +260,248 +16%
RVPG
6
Relative Value Partners Group
$20M -$4.21M -331,471 -18%
Morgan Stanley
7
Morgan Stanley
New York
$19.6M +$1.11M +87,867 +6%
Invesco
8
Invesco
Georgia
$17.7M -$464K -36,584 -3%
UBS Group
9
UBS Group
Switzerland
$12.8M +$3.6M +283,628 +40%
SAMC
10
Spectrum Asset Management (Connecticut)
Connecticut
$12.5M
CIA
11
Capital Investment Advisors
Georgia
$10.4M +$481K +37,920 +5%
MGAM
12
McGowan Group Asset Management
Texas
$10.4M -$1.16M -91,639 -10%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$10.1M -$31.7K -2,500 -0.3%
NL
14
NWAM LLC
Washington
$9.21M -$23.5K -1,855 -0.3%
EIA
15
Edgemoor Investment Advisors
Maryland
$7.78M -$212K -16,674 -3%
PPA
16
Parametric Portfolio Associates
Washington
$7.68M +$223K +17,546 +3%
1CP
17
1607 Capital Partners
Virginia
$7.68M -$6.49M -511,200 -46%
JFGIW
18
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$7.57M +$199K +15,710 +3%
RJA
19
Raymond James & Associates
Florida
$5.36M +$1.21M +95,701 +30%
RJFSA
20
Raymond James Financial Services Advisors
Florida
$5.21M +$274K +21,593 +6%
LDFR
21
Lehman & Derafelo Financial Resources
Pennsylvania
$3.91M -$63.1K -4,971 -2%
AA
22
Apriem Advisors
California
$3.58M -$186K -14,691 -5%
EDRIA
23
Edmonds Duncan Registered Investment Advisors
Kansas
$3.4M +$334K +26,314 +11%
Northwestern Mutual Wealth Management
24
Northwestern Mutual Wealth Management
Wisconsin
$3.26M -$115K -9,032 -3%
FFA
25
First Foundation Advisors
California
$3.23M -$20K -1,577 -0.6%

BTZ Hedge Fund Activity: Q2 2019 in Review

128 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2019, worth a combined $634M — down 0.18% from $635M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BTZ positions and 17 closed out — a net gain of 4 holders — while 41 added to existing stakes and 38 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $19.5M. The largest seller was 1607 Capital Partners, cutting an estimated $6.49M.

  • 128 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2019, unchanged from Q1 2019.
  • Funds reported $634M of BlackRock Credit Allocation Income Trust stock for Q2 2019, down 0.18% quarter-over-quarter.
  • 21 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2019 and 17 closed out, a net change of +4 holders.
  • The largest BlackRock Credit Allocation Income Trust buyer in Q2 2019 was Saba Capital Management, an estimated $19.5M added.
  • The largest BlackRock Credit Allocation Income Trust seller in Q2 2019 was 1607 Capital Partners, an estimated $6.49M sold.

Based on aggregated 13F filings for Q2 2019.