BlackRock Corporate High Yield Fund
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIA
Capital Investment Advisors
Atlanta,
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
West Palm Beach,
Florida
|
+$5.49M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$5.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$97.5M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$16.4M |
| 3 |
SCM
Saba Capital Management
New York
|
-$7.29M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$5.44M |
| 5 |
ACM
Akanthos Capital Management
Woodland Hills,
California
|
-$2.17M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFSIG
126
San Francisco Sentry Investment Group
San Francisco,
California
| – | -$70K | -5,894 | Closed |
|
|
KT
127
Kanaly Trust
Houston,
Texas
| – | -$50K | -4,185 | Closed |
|
|
TRCT
128
Tower Research Capital (TRC)
New York
| – | -$29K | -2,476 | Closed |
|
129
ClearBridge Investments
New York
| – | -$19K | -1,610 | Closed |
|
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.