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BlackRock Corporate High Yield Fund
HYT

105 hedge funds and large institutions have $387M invested in BlackRock Corporate High Yield Fund in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 37 increasing their positions, 32 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 32

10.39% more ownership

Funds ownership: 22.72% → 33.11% (+10%)

9% more capital invested

Capital invested by funds: $353M → $387M (+$33.6M)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

5% less funds holding

Funds holding: 110 → 105 (-5)

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

Holders
105
Holders Change
-5
Holders Change %
-4.55%
% of All Funds
3.05%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.12%
New
10
Increased
37
Reduced
32
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
EVM
Eaton Vance Management
Massachusetts
+$123M
2
OHA
Oak Hill Advisors
New York
+$29.3M
3
TAM
Third Avenue Management
New York
+$5.29M
4
AAM
Advisors Asset Management
Colorado
+$4.93M
5
Morgan Stanley
Morgan Stanley
New York
+$4.43M

Top Sellers

1
AUIM
Aegon USA Investment Management
Iowa
-$4.06M
2
GC
Guggenheim Capital
Illinois
-$2.55M
3
EML
Eos Management LP
New York
-$2.25M
4
MIG
Mariner Investment Group
New York
-$2.08M
5
SFS
Shaker Financial Services
Virginia
-$1.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$90M +$1.16M +96,035 +1%
OHA
2
Oak Hill Advisors
New York
$28.8M +$29.3M +2,435,666 New
GC
3
Guggenheim Capital
Illinois
$26.9M -$2.55M -212,208 -9%
Morgan Stanley
4
Morgan Stanley
New York
$26M +$4.43M +368,190 +20%
Invesco
5
Invesco
Georgia
$23.8M +$2.88M +239,295 +13%
AAM
6
Advisors Asset Management
Colorado
$21.4M +$4.93M +409,621 +29%
EVM
7
Eaton Vance Management
Massachusetts
$20.9M +$123M +10,199,418 +1,327%
Wells Fargo
8
Wells Fargo
California
$13.9M -$699K -58,114 -5%
CIA
9
Capital Investment Advisors
Georgia
$12.9M +$109K +9,072 +0.8%
PPA
10
Parametric Portfolio Associates
Washington
$12.7M +$892K +74,165 +7%
PRCM
11
Pine River Capital Management
Minnesota
$12.2M +$601K +50,000 +5%
RCM
12
Rivernorth Capital Management
Florida
$10.8M +$340K +28,300 +3%
TAM
13
Third Avenue Management
New York
$9.19M +$5.29M +439,648 +130%
KSCM
14
Kamunting Street Capital Management
Florida
$5.88M -$242K -20,124 -4%
LPL Financial
15
LPL Financial
California
$5.58M +$482K +40,089 +9%
EAM
16
Eagle Asset Management
Florida
$5.44M -$186K -15,466 -3%
Bank of America
17
Bank of America
North Carolina
$4.92M -$104K -8,646 -2%
Bessemer Group
18
Bessemer Group
New Jersey
$4.83M +$102K +8,461 +2%
AQR Capital Management
19
AQR Capital Management
Connecticut
$3.93M +$1.88M +156,301 +89%
TFMS
20
Trust & Fiduciary Management Services
Massachusetts
$3.81M +$557K +46,344 +17%
CA
21
Cornerstone Advisors
North Carolina
$3.66M +$976K +81,168 +36%
U
22
UBS
Switzerland
$3.51M +$205K +17,005 +6%
Neuberger Berman Group
23
Neuberger Berman Group
New York
$2.52M -$216K -18,000 -8%
GECH
24
Garnet Equity Capital Holdings
New York
$2.37M -$1.21M -100,623 -33%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$2.27M -$631K -52,468 -21%
1
2 3 4 5

HYT Hedge Fund Activity: Q3 2014 in Review

105 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q3 2014, worth a combined $387M — up 9.5% from $353M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of HYT and 10 opened new positions — a net loss of 5 holders — while 32 trimmed existing stakes and 37 added.

The largest buyer was Eaton Vance Management, adding an estimated $123M. The largest seller was Aegon USA Investment Management, exiting entirely with an estimated $4.06M sold.

  • 105 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q3 2014, down from 110 in Q2 2014.
  • Funds reported $387M of BlackRock Corporate High Yield Fund stock for Q3 2014, up 9.5% quarter-over-quarter.
  • 10 funds opened new BlackRock Corporate High Yield Fund positions in Q3 2014 and 15 closed out, a net change of -5 holders.
  • The largest BlackRock Corporate High Yield Fund buyer in Q3 2014 was Eaton Vance Management, an estimated $123M added.
  • The largest BlackRock Corporate High Yield Fund seller in Q3 2014 was Aegon USA Investment Management, an estimated $4.06M sold.

Based on aggregated 13F filings for Q3 2014.