BlackRock Corporate High Yield Fund
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$61.2M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$17.6M |
| 3 |
Morgan Stanley
New York
|
+$13.8M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$13.4M |
| 5 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SONJCPFB
State of New Jersey Common Pension Fund B
Trenton,
New Jersey
|
-$3.23M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$382K |
| 3 |
Creative Planning
Overland Park,
Kansas
|
-$296K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$176K |
| 5 |
Cohen & Steers
New York
|
-$175K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSG
101
Summit Securities Group
New York
| $1K | +$1.19K | +100 | New |
|
|
SONJCPFB
102
State of New Jersey Common Pension Fund B
Trenton,
New Jersey
| – | -$3.23M | -275,000 | Closed |
|
|
DA
103
Doliver Advisors
Houston,
Texas
| – | -$382K | -32,473 | Closed |
|
|
PFO
104
Pathstone Family Office
Englewood,
New Jersey
| – | -$72K | -6,245 | Closed |
|
105
Ameriprise
Minneapolis,
Minnesota
| – | -$26K | -2,225 | Closed |
|
|
TRCT
106
Tower Research Capital (TRC)
New York
| – | -$20K | -1,740 | Closed |
|
|
HNB
107
Huntington National Bank
Columbus,
Ohio
| – | -$12K | -1,000 | Closed |
|
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.