BlackRock Corporate High Yield Fund
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$10.8M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$4.56M |
| 3 |
Citigroup
New York
|
+$1.8M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.77M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$19.8M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
-$8.65M |
| 3 |
BC
Bartlett & Co
Cincinnati,
Ohio
|
-$2.39M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.5M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.18M |
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.