BlackRock Credit Allocation Income Trust
BTZ
128 hedge funds and large institutions have $518M invested in BlackRock Credit Allocation Income Trust in 2020 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 32 reducing their positions, and 23 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
34% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 32
30% more capital invested
Capital invested by funds: $399M → $518M (+$119M)
9.02% more ownership
Funds ownership: 32.94% → 41.95% (+9%)
9% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 23
2% less funds holding
Funds holding: 131 → 128 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$61.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$28.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.3M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.23M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$987K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$15.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$12.1M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$3.01M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.56M |
| 5 |
AA
Apriem Advisors
Irvine,
California
|
-$1.77M |
BTZ Hedge Fund Activity: Q2 2020 in Review
128 of the 4,889 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q2 2020, worth a combined $518M — up 30% from $399M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of BTZ and 21 opened new positions — a net loss of 2 holders — while 32 trimmed existing stakes and 43 added.
The largest buyer was BlackRock, opening a new position worth an estimated $61.3M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $15.2M sold.
- 128 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q2 2020, down from 131 in Q1 2020.
- Funds reported $518M of BlackRock Credit Allocation Income Trust stock for Q2 2020, up 30% quarter-over-quarter.
- 21 funds opened new BlackRock Credit Allocation Income Trust positions in Q2 2020 and 23 closed out, a net change of -2 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q2 2020 was BlackRock, an estimated $61.3M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q2 2020 was Rivernorth Capital Management, an estimated $15.2M sold.
Based on aggregated 13F filings for Q2 2020.