BlackRock Corporate High Yield Fund
45 hedge funds and large institutions have $73.9M invested in BlackRock Corporate High Yield Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 17 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
20% more capital invested
Capital invested by funds: $61.7M → $73.9M (+$12.1M)
10% more funds holding
Funds holding: 41 → 45 (+4)
3.19% more ownership
Funds ownership: 14.55% → 17.74% (+3.2%)
53% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 17
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.92M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$6.61M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.73M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$1.66M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$683K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.8M |
| 2 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$1.07M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$731K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$470K |
| 5 |
Morgan Stanley
New York
|
-$399K |
HYT Hedge Fund Activity: Q3 2013 in Review
45 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q3 2013, worth a combined $73.9M — up 20% from $61.7M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new HYT positions and 5 closed out — a net gain of 4 holders — while 8 added to existing stakes and 17 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $6.92M. The largest seller was Guggenheim Capital, cutting an estimated $2.8M.
- 45 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q3 2013, up from 41 in Q2 2013.
- Funds reported $73.9M of BlackRock Corporate High Yield Fund stock for Q3 2013, up 20% quarter-over-quarter.
- 9 funds opened new BlackRock Corporate High Yield Fund positions in Q3 2013 and 5 closed out, a net change of +4 holders.
- The largest BlackRock Corporate High Yield Fund buyer in Q3 2013 was Saba Capital Management, an estimated $6.92M added.
- The largest BlackRock Corporate High Yield Fund seller in Q3 2013 was Guggenheim Capital, an estimated $2.8M sold.
Based on aggregated 13F filings for Q3 2013.