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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
BWM
76
BerganKDV Wealth Management
Minnesota
$243K +$247K +22,197 New
US Bancorp
77
US Bancorp
Minnesota
$240K – – –
RFA
78
Reilly Financial Advisors
California
$230K -$9.24K -831 -4%
TSS
79
Two Sigma Securities
New York
$224K +$227K +20,442 New
CCB
80
Cutter & Co Brokerage
Missouri
$223K – – –
SCA
81
SMH Capital Advisors
Texas
$223K +$226K +20,351 New
Neuberger Berman Group
82
Neuberger Berman Group
New York
$216K – – –
UCI
83
Uncommon Cents Investing
Wisconsin
$206K +$209K +18,815 New
BJL
84
Brighton Jones LLC
Washington
$196K – – –
MCM
85
Mengis Capital Management
Oregon
$196K – – –
First Trust Advisors
86
First Trust Advisors
Illinois
$192K -$16.9K -1,519 -8%
Jane Street
87
Jane Street
New York
$192K +$196K +17,585 New
IH
88
IFC Holdings
Florida
$183K – – –
PNC Financial Services Group
89
PNC Financial Services Group
Pennsylvania
$176K +$3.39K +305 +2%
Lido Advisors
90
Lido Advisors
California
$167K – – –
AM
91
Ares Management
California
$164K – – –
KA
92
Kovack Advisors
Florida
$162K +$29.7K +2,668 +22%
GIM
93
Greenwich Investment Management
Connecticut
$161K -$20.6K -1,852 -11%
RCM
94
RB Capital Management
Nevada
$161K +$1.6K +144 +1%
WS
95
Wedbush Securities
California
$155K -$571K -51,309 -78%
BAM
96
Brave Asset Management
New Jersey
$153K – – –
SS
97
Sunbelt Securities
Texas
$153K +$67 +6 +0%
Cambridge Investment Research Advisors
98
Cambridge Investment Research Advisors
Iowa
$150K -$63.1K -5,670 -29%
CIC
99
Carnegie Investment Counsel
Ohio
$149K – – –
Susquehanna International Group
100
Susquehanna International Group
Pennsylvania
$145K +$148K +13,288 New
2 3
4
5 6

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.