BlackRock Credit Allocation Income Trust
BTZ
133 hedge funds and large institutions have $489M invested in BlackRock Credit Allocation Income Trust in 2021 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 49 increasing their positions, 40 reducing their positions, and 15 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 40
8% more capital invested
Capital invested by funds: $455M → $489M (+$34.4M)
2.58% more ownership
Funds ownership: 33.05% → 35.63% (+2.6%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 136 → 133 (-3)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$44.8M |
| 2 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$5.77M |
| 3 |
Cohen & Steers
New York
|
+$3.85M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.39M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$5.91M |
| 2 |
Morgan Stanley
New York
|
-$4.51M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$4.12M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.61M |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$3.61M |
BTZ Hedge Fund Activity: Q1 2021 in Review
133 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in BlackRock Credit Allocation Income Trust (BTZ) for Q1 2021, worth a combined $489M — up 7.6% from $455M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BTZ and 13 opened new positions — a net loss of 2 holders — while 40 trimmed existing stakes and 49 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $44.8M. The largest seller was Wells Fargo, cutting an estimated $5.91M.
- 133 institutional investors held BlackRock Credit Allocation Income Trust (BTZ) as of Q1 2021, down from 136 in Q4 2020.
- Funds reported $489M of BlackRock Credit Allocation Income Trust stock for Q1 2021, up 7.6% quarter-over-quarter.
- 13 funds opened new BlackRock Credit Allocation Income Trust positions in Q1 2021 and 15 closed out, a net change of -2 holders.
- The largest BlackRock Credit Allocation Income Trust buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $44.8M added.
- The largest BlackRock Credit Allocation Income Trust seller in Q1 2021 was Wells Fargo, an estimated $5.91M sold.
Based on aggregated 13F filings for Q1 2021.