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BlackRock Corporate High Yield Fund
HYT

112 hedge funds and large institutions have $420M invested in BlackRock Corporate High Yield Fund in 2014 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 25 increasing their positions, 38 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 16

9% more capital invested

Capital invested by funds: $387M → $420M (+$33.2M)

7% more funds holding

Funds holding: 105 → 112 (+7)

5.12% more ownership

Funds ownership: 33.11% → 38.23% (+5.1%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

34% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 38

Holders
112
Holders Change
+7
Holders Change %
+6.67%
% of All Funds
2.99%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
27
Increased
25
Reduced
38
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CIA
Capital Investment Advisors
Georgia
+$135M
2
OHA
Oak Hill Advisors
New York
+$17.9M
3
TAM
Third Avenue Management
New York
+$15.6M
4
RCM
Rivernorth Capital Management
Florida
+$5.49M
5
COLIM
City of London Investment Management
United Kingdom
+$5.1M

Top Sellers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
-$97.5M
2
GC
Guggenheim Capital
Illinois
-$16.4M
3
SCM
Saba Capital Management
New York
-$7.29M
4
EAM
Eagle Asset Management
Florida
-$5.44M
5
ACM
Akanthos Capital Management
California
-$2.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
101
D.A. Davidson & Co
Montana
$18K -$17.7K -1,531 -49%
NES
102
New England Securities
New York
$16K – – –
VIA
103
Vantage Investment Advisors
Pennsylvania
$16K +$15.9K +1,373 New
Fifth Third Bancorp
104
Fifth Third Bancorp
Ohio
$13K – – –
FWM
105
Focused Wealth Management
New York
$10K – – –
RMAM
106
Raab & Moskowitz Asset Management
New Jersey
$10K +$10.3K +894 New
MA
107
MUFG Americas
New York
$9K – – –
BRWM
108
B. Riley Wealth Management
Tennessee
$9K +$9.84K +850 New
WA
109
Winfield Associates
Ohio
$5K +$4.63K +400 New
CWM
110
Cranbrook Wealth Management
Michigan
$4K +$4.18K +361 New
KCM
111
Karp Capital Management
California
$3K +$2.82K +244 New
NFG
112
Next Financial Group
Texas
$2K -$292K -25,263 -99%
BRWA
113
B. Riley Wealth Advisors
Florida
$89 +$90.6K +7,828 New
EAM
114
Eagle Asset Management
Florida
– -$5.44M -460,187 Closed
ACM
115
Akanthos Capital Management
California
– -$2.17M -183,700 Closed
EML
116
Eos Management LP
New York
– -$662K -55,933 Closed
BAAM
117
Baker Avenue Asset Management
California
– -$621K -52,500 Closed
SFS
118
Shaker Financial Services
Virginia
– -$300K -25,321 Closed
DA
119
Doliver Advisors
Texas
– -$274K -23,167 Closed
HK
120
Horizon Kinetics
New York
– -$236K -19,965 Closed
CB
121
Commerce Bank
Missouri
– -$154K -13,002 Closed
BAM
122
Berkshire Asset Management
Pennsylvania
– -$147K -12,415 Closed
UR
123
USCA RIA
Texas
– -$142K -12,015 Closed
AGM
124
Alpine Global Management
New York
– -$124K -10,467 Closed
KTC
125
Kistler-Tiffany Companies
Pennsylvania
– -$72K -6,110 Closed
2 3 4
5
6

HYT Hedge Fund Activity: Q4 2014 in Review

112 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q4 2014, worth a combined $420M — up 8.6% from $387M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new HYT positions and 16 closed out — a net gain of 11 holders — while 25 added to existing stakes and 38 trimmed.

The largest buyer was Capital Investment Advisors, adding an estimated $135M. The largest seller was Eaton Vance Management, cutting an estimated $97.5M.

  • 112 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q4 2014, up from 105 in Q3 2014.
  • Funds reported $420M of BlackRock Corporate High Yield Fund stock for Q4 2014, up 8.6% quarter-over-quarter.
  • 27 funds opened new BlackRock Corporate High Yield Fund positions in Q4 2014 and 16 closed out, a net change of +11 holders.
  • The largest BlackRock Corporate High Yield Fund buyer in Q4 2014 was Capital Investment Advisors, an estimated $135M added.
  • The largest BlackRock Corporate High Yield Fund seller in Q4 2014 was Eaton Vance Management, an estimated $97.5M sold.

Based on aggregated 13F filings for Q4 2014.