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BlackRock Corporate High Yield Fund
HYT

101 hedge funds and large institutions have $304M invested in BlackRock Corporate High Yield Fund in 2013 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 29 increasing their positions, 7 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

933% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 6

314% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 7

312% more capital invested

Capital invested by funds: $73.9M → $304M (+$230M)

124% more funds holding

Funds holding: 45 → 101 (+56)

2.02% more ownership

Funds ownership: 17.74% → 19.75% (+2%)

Holders
101
Holders Change
+56
Holders Change %
+124.44%
% of All Funds
2.93%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.09%
New
62
Increased
29
Reduced
7
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$61.2M
2
GC
Guggenheim Capital
Illinois
+$17.6M
3
Morgan Stanley
Morgan Stanley
New York
+$13.8M
4
Invesco
Invesco
Georgia
+$13.4M
5
PRCM
Pine River Capital Management
Minnesota
+$13.3M

Top Sellers

Rank Fund Capital Flow
1
SONJCPFB
State of New Jersey Common Pension Fund B
New Jersey
-$3.23M
2
DA
Doliver Advisors
Texas
-$382K
3
Creative Planning
Creative Planning
Kansas
-$296K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$176K
5
Cohen & Steers
Cohen & Steers
New York
-$175K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
51
Royal Bank of Canada
Ontario, Canada
$357K +$234K +19,679 +204%
MCM
52
Maryland Capital Management
Maryland
$321K – – –
OC
53
Oppenheimer & Co
New York
$296K +$102K +8,592 +54%
RJT
54
Raymond James Trust
Florida
$293K +$286K +24,021 New
SGCA
55
Steel Grove Capital Advisors
Tennessee
$279K – – –
VFS
56
VSR Financial Services
Kansas
$279K +$273K +22,918 New
WEC
57
Winslow Evans & Crocker
Massachusetts
$264K +$259K +21,728 New
HK
58
Horizon Kinetics
New York
$251K +$245K +20,584 New
Citigroup
59
Citigroup
New York
$245K +$176K +14,758 +273%
HCA
60
Harbour Capital Advisors
Virginia
$226K +$221K +18,585 New
Cohen & Steers
61
Cohen & Steers
New York
$216K -$175K -14,720 -45%
SI
62
SII Investments
Wisconsin
$216K +$212K +17,768 New
WAM
63
Wolverine Asset Management
Illinois
$205K -$45.7K -3,841 -19%
HighTower Advisors
64
HighTower Advisors
Illinois
$195K +$190K +16,002 New
Janney Montgomery Scott
65
Janney Montgomery Scott
Pennsylvania
$190K +$186K +15,605 New
CB
66
Commerce Bank
Missouri
$168K -$96.6K -8,111 -37%
CAN
67
Cetera Advisor Networks
California
$160K +$157K +13,179 New
CWM
68
Concert Wealth Management
California
$158K +$155K +12,994 New
SMG
69
Spectrum Management Group
Indiana
$154K +$151K +12,686 New
SSWM
70
Sheets Smith Wealth Management
North Carolina
$135K +$132K +11,105 New
NPC
71
National Planning Corporation
California
$134K +$132K +11,060 New
Envestnet Asset Management
72
Envestnet Asset Management
Illinois
$132K -$176K -14,780 -58%
First Trust Advisors
73
First Trust Advisors
Illinois
$126K +$123K +10,365 New
FAAM
74
First Allied Asset Management
California
$123K +$121K +10,137 New
MFS
75
MSI Financial Services
Massachusetts
$104K +$84K +7,056 +485%
1 2
3
4 5

HYT Hedge Fund Activity: Q4 2013 in Review

101 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q4 2013, worth a combined $304M — up 312% from $73.9M a quarter earlier.

Buyers outnumbered sellers: 62 funds opened new HYT positions and 6 closed out — a net gain of 56 holders — while 29 added to existing stakes and 7 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $61.2M. The largest seller was State of New Jersey Common Pension Fund B, exiting entirely with an estimated $3.23M sold.

  • 101 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q4 2013, up from 45 in Q3 2013.
  • Funds reported $304M of BlackRock Corporate High Yield Fund stock for Q4 2013, up 312% quarter-over-quarter.
  • 62 funds opened new BlackRock Corporate High Yield Fund positions in Q4 2013 and 6 closed out, a net change of +56 holders.
  • The largest BlackRock Corporate High Yield Fund buyer in Q4 2013 was Saba Capital Management, an estimated $61.2M added.
  • The largest BlackRock Corporate High Yield Fund seller in Q4 2013 was State of New Jersey Common Pension Fund B, an estimated $3.23M sold.

Based on aggregated 13F filings for Q4 2013.