BlackRock Corporate High Yield Fund
120 hedge funds and large institutions have $371M invested in BlackRock Corporate High Yield Fund in 2016 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 31 reducing their positions, and 14 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 31
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
1% more funds holding
Funds holding: 119 → 120 (+1)
3% less capital invested
Capital invested by funds: $383M → $371M (-$12M)
1.37% less ownership
Funds ownership: 30.99% → 29.62% (-1.4%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$21M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$16.5M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$6.96M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$3.2M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$48.5M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.65M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.48M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$3.26M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$3.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
AllianceBernstein
Nashville,
Tennessee
| – | -$586K | -59,900 | Closed |
|
|
CS
127
Credit Suisse
Zurich,
Switzerland
| – | -$475K | -48,494 | Closed |
|
|
NMC
128
Nine Masts Capital
Central,
Hong Kong
| – | -$461K | -47,105 | Closed |
|
|
PA
129
Para Advisors
New York
| – | -$293K | -30,000 | Closed |
|
|
SPC
130
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$107K | -10,937 | Closed |
|
|
VKH
131
Virtu KCG Holdings
New York
| – | -$104K | -10,588 | Closed |
|
|
HFS
132
HL Financial Services
Louisville,
Kentucky
| – | -$104K | -10,587 | Closed |
|
133
Envestnet Asset Management
Chicago,
Illinois
| – | -$62K | -6,319 | Closed |
|
|
CCS
134
Crosspoint Capital Strategies
Orinda,
California
| – | -$39K | -3,463 | Closed |
|
|
WA
135
Winfield Associates
Cleveland,
Ohio
| – | -$4K | -400 | Closed |
|
|
APSP
136
Asset Planning Services (Pennsylvania)
Harleysville,
Pennsylvania
| – | +$10 | +1 | +3% |
|
HYT Hedge Fund Activity: Q1 2016 in Review
120 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q1 2016, worth a combined $371M — down 3.1% from $383M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new HYT positions and 14 closed out — a net gain of 3 holders — while 43 added to existing stakes and 31 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $21M. The largest seller was Saba Capital Management, exiting entirely with an estimated $48.5M sold.
- 120 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q1 2016, up from 119 in Q4 2015.
- Funds reported $371M of BlackRock Corporate High Yield Fund stock for Q1 2016, down 3.1% quarter-over-quarter.
- 17 funds opened new BlackRock Corporate High Yield Fund positions in Q1 2016 and 14 closed out, a net change of +3 holders.
- The largest BlackRock Corporate High Yield Fund buyer in Q1 2016 was Morgan Stanley, an estimated $21M added.
- The largest BlackRock Corporate High Yield Fund seller in Q1 2016 was Saba Capital Management, an estimated $48.5M sold.
Based on aggregated 13F filings for Q1 2016.