BlackRock Corporate High Yield Fund
140 hedge funds and large institutions have $369M invested in BlackRock Corporate High Yield Fund in 2019 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 49 increasing their positions, 38 reducing their positions, and 19 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 38
4% less capital invested
Capital invested by funds: $383M → $369M (-$13.5M)
2.45% less ownership
Funds ownership: 29.5% → 27.04% (-2.5%)
5% less funds holding
Funds holding: 147 → 140 (-7)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$10.2M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$7.88M |
| 3 |
BIM
Bridgecreek Investment Management
Tulsa,
Oklahoma
|
+$7.35M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.93M |
| 5 |
HC
HNP Capital
Rochester,
New York
|
+$2.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$18.8M |
| 2 |
OHA
Oak Hill Advisors
New York
|
-$14M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$10.2M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$4.79M |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$3.32M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
151
Doliver Advisors
Houston,
Texas
| – | -$113K | -10,625 | Closed |
|
|
CBFP
152
Cedar Brook Financial Partners
Cleveland,
Ohio
| – | -$111K | -10,312 | Closed |
|
|
GSWM
153
Golden State Wealth Management
Santa Ana,
California
| – | -$81K | -7,514 | Closed |
|
|
CFB
154
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$31K | -2,861 | Closed |
|
|
CIAS
155
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | -$17K | -1,558 | Closed |
|
|
MPWT
156
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$5K | -500 | Closed |
|
157
BNP Paribas Financial Markets
Paris,
France
| – | -$118 | -11 | Closed |
|
158
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | +100% |
|
HYT Hedge Fund Activity: Q4 2019 in Review
140 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q4 2019, worth a combined $369M — down 3.5% from $383M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of HYT and 15 opened new positions — a net loss of 4 holders — while 38 trimmed existing stakes and 49 added.
The largest buyer was Bramshill Investments, adding an estimated $10.2M. The largest seller was Eaton Vance Management, cutting an estimated $18.8M.
- 140 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q4 2019, down from 147 in Q3 2019.
- Funds reported $369M of BlackRock Corporate High Yield Fund stock for Q4 2019, down 3.5% quarter-over-quarter.
- 15 funds opened new BlackRock Corporate High Yield Fund positions in Q4 2019 and 19 closed out, a net change of -4 holders.
- The largest BlackRock Corporate High Yield Fund buyer in Q4 2019 was Bramshill Investments, an estimated $10.2M added.
- The largest BlackRock Corporate High Yield Fund seller in Q4 2019 was Eaton Vance Management, an estimated $18.8M sold.
Based on aggregated 13F filings for Q4 2019.