BlackRock Corporate High Yield Fund
110 hedge funds and large institutions have $353M invested in BlackRock Corporate High Yield Fund in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 26 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
77% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 26
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
10% more capital invested
Capital invested by funds: $322M → $353M (+$31.5M)
7% more funds holding
Funds holding: 103 → 110 (+7)
1.97% more ownership
Funds ownership: 20.74% → 22.72% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.02M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$5.45M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.34M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$4.89M |
| 5 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
+$4.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$10.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$7.85M |
| 3 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
-$2.64M |
| 4 |
Morgan Stanley
New York
|
-$681K |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
-$383K |
HYT Hedge Fund Activity: Q2 2014 in Review
110 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q2 2014, worth a combined $353M — up 9.8% from $322M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new HYT positions and 7 closed out — a net gain of 7 holders — while 46 added to existing stakes and 26 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $8.02M. The largest seller was PEAK6 Group, exiting entirely with an estimated $10.3M sold.
- 110 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q2 2014, up from 103 in Q1 2014.
- Funds reported $353M of BlackRock Corporate High Yield Fund stock for Q2 2014, up 9.8% quarter-over-quarter.
- 14 funds opened new BlackRock Corporate High Yield Fund positions in Q2 2014 and 7 closed out, a net change of +7 holders.
- The largest BlackRock Corporate High Yield Fund buyer in Q2 2014 was Saba Capital Management, an estimated $8.02M added.
- The largest BlackRock Corporate High Yield Fund seller in Q2 2014 was PEAK6 Group, an estimated $10.3M sold.
Based on aggregated 13F filings for Q2 2014.