BlackRock Credit Allocation Income Trust
BTZ
128 hedge funds and large institutions have $672M 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.
24% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 17
6% more capital invested
Capital invested by funds: $636M → $672M (+$36.9M)
1.77% more ownership
Funds ownership: 48.16% → 49.92% (+1.8%)
8% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 38
0% more funds holding
Funds holding: 128 → 128 (0)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$19.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.6M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.3M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$3.24M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$6.49M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.52M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$4.35M |
| 4 |
RVPG
Relative Value Partners Group
|
-$4.21M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.2M |
BTZ Hedge Fund Activity: Q2 2019 in Review
128 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2019, worth a combined $672M — up 5.8% from $636M 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 $672M of BlackRock Credit Allocation Income Trust stock for Q2 2019, up 5.8% 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.