BlackRock Corporate High Yield Fund
103 hedge funds and large institutions have $322M invested in BlackRock Corporate High Yield Fund in 2014 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 30 reducing their positions, and 11 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 30
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
6% more capital invested
Capital invested by funds: $304M → $322M (+$17.6M)
2% more funds holding
Funds holding: 101 → 103 (+2)
0.99% more ownership
Funds ownership: 19.75% → 20.74% (+0.99%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$13.7M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$5.57M |
| 3 |
PG
PEAK6 Group
Chicago,
Illinois
|
+$3.13M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$2.24M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
-$7.34M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$6.97M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.81M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.17M |
| 5 |
SG Americas Securities
New York
|
-$1.07M |
HYT Hedge Fund Activity: Q1 2014 in Review
103 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q1 2014, worth a combined $322M — up 5.8% from $304M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new HYT positions and 11 closed out — a net gain of 2 holders — while 36 added to existing stakes and 30 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $13.7M. The largest seller was BlueSpruce Investments, cutting an estimated $7.34M.
- 103 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q1 2014, up from 101 in Q4 2013.
- Funds reported $322M of BlackRock Corporate High Yield Fund stock for Q1 2014, up 5.8% quarter-over-quarter.
- 13 funds opened new BlackRock Corporate High Yield Fund positions in Q1 2014 and 11 closed out, a net change of +2 holders.
- The largest BlackRock Corporate High Yield Fund buyer in Q1 2014 was Saba Capital Management, an estimated $13.7M added.
- The largest BlackRock Corporate High Yield Fund seller in Q1 2014 was BlueSpruce Investments, an estimated $7.34M sold.
Based on aggregated 13F filings for Q1 2014.