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BlackRock Corporate High Yield Fund
HYT

154 hedge funds and large institutions have $431M invested in BlackRock Corporate High Yield Fund in 2017 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 42 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

185% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 13

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

18% more funds holding

Funds holding: 130 → 154 (+24)

17% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 36

0.25% more ownership

Funds ownership: 30.89% → 31.14% (+0.25%)

7% less capital invested

Capital invested by funds: $461M → $431M (-$30.6M)

Holders
154
Holders Change
+24
Holders Change %
+18.46%
% of All Funds
3.49%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
37
Increased
42
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$10.8M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$4.56M
3
Citigroup
Citigroup
New York
+$1.8M
4
PPA
Parametric Portfolio Associates
Washington
+$1.77M
5
LCM
Landscape Capital Management
New Jersey
+$1.69M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$19.8M
2
BI
Bramshill Investments
Florida
-$8.65M
3
BC
Bartlett & Co
Ohio
-$2.39M
4
RJA
Raymond James & Associates
Florida
-$1.5M
5
RCM
Robinson Capital Management
Michigan
-$1.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
NVIM
26
New Vernon Investment Management
Illinois
$2.42M – – –
Baird Financial Group
27
Baird Financial Group
Wisconsin
$2.35M +$17.9K +1,608 +0.8%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$2.17M +$18K +1,615 +0.8%
CAM
29
Covenant Asset Management
New Jersey
$2.06M +$143K +12,874 +7%
6M
30
6 Meridian
Kansas
$1.84M +$1.87M +167,847 New
RCM
31
Robinson Capital Management
Michigan
$1.61M -$1.18M -106,440 -42%
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$1.59M +$163K +14,685 +11%
BC
33
Bartlett & Co
Ohio
$1.4M -$2.39M -214,680 -63%
Millennium Management
34
Millennium Management
New York
$1.31M +$690K +62,051 +107%
Cohen & Steers
35
Cohen & Steers
New York
$940K +$179K +16,127 +23%
AG
36
Advisor Group
Arizona
$878K -$63.3K -5,689 -7%
FAAS
37
First Allied Advisory Services
California
$853K +$24K +2,155 +3%
Ameriprise
38
Ameriprise
Minnesota
$764K +$47.6K +4,276 +7%
ICM
39
Ionic Capital Management
New York
$734K +$747K +67,135 New
Citadel Advisors
40
Citadel Advisors
Florida
$700K +$712K +64,024 New
SG Americas Securities
41
SG Americas Securities
New York
$689K +$700K +62,948 New
SWM
42
SeaCrest Wealth Management
New York
$625K +$636K +57,148 New
LPL Financial
43
LPL Financial
California
$624K -$311K -27,970 -33%
MML Investors Services
44
MML Investors Services
Massachusetts
$582K +$51.7K +4,652 +10%
ACM
45
Aviance Capital Management
Florida
$577K -$77.2K -6,943 -12%
WAM
46
Weiss Asset Management
Massachusetts
$567K +$576K +51,827 New
MGAM
47
McGowan Group Asset Management
Texas
$542K -$28.8K -2,593 -5%
MCM
48
Maryland Capital Management
Maryland
$531K – – –
RCA
49
Rowland Carmichael Advisors
Arizona
$503K – – –
RFC
50
Regions Financial Corp
Alabama
$465K +$473K +42,497 New
1
2
3 4 5

HYT Hedge Fund Activity: Q4 2017 in Review

154 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q4 2017, worth a combined $431M — down 6.6% from $461M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new HYT positions and 13 closed out — a net gain of 24 holders — while 42 added to existing stakes and 36 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $10.8M. The largest seller was Morgan Stanley, cutting an estimated $19.8M.

  • 154 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q4 2017, up from 130 in Q3 2017.
  • Funds reported $431M of BlackRock Corporate High Yield Fund stock for Q4 2017, down 6.6% quarter-over-quarter.
  • 37 funds opened new BlackRock Corporate High Yield Fund positions in Q4 2017 and 13 closed out, a net change of +24 holders.
  • The largest BlackRock Corporate High Yield Fund buyer in Q4 2017 was Saba Capital Management, an estimated $10.8M added.
  • The largest BlackRock Corporate High Yield Fund seller in Q4 2017 was Morgan Stanley, an estimated $19.8M sold.

Based on aggregated 13F filings for Q4 2017.