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BlackRock Corporate High Yield Fund

112 hedge funds and large institutions have $420M invested in BlackRock Corporate High Yield Fund in 2014 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 25 increasing their positions, 38 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 16

9% more capital invested

Capital invested by funds: $387M → $420M (+$33.2M)

7% more funds holding

Funds holding: 105112 (+7)

5.12% more ownership

Funds ownership: 33.11%38.23% (+5.1%)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

34% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 38

Holders
112
Holders Change
+7
Holders Change %
+6.67%
% of All Funds
2.99%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
27
Increased
25
Reduced
38
Closed
16
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$79.6M -$7.29M -630,219 -8%
OHA
2
Oak Hill Advisors
New York
$45.4M +$17.9M +1,550,000 +64%
EVM
3
Eaton Vance Management
Massachusetts
$29M -$97.5M -8,421,225 -77%
Morgan Stanley
4
Morgan Stanley
New York
$26.6M +$1.58M +136,313 +6%
TAM
5
Third Avenue Management
New York
$24.2M +$15.6M +1,344,924 +173%
Invesco
6
Invesco
Georgia
$22.8M -$205K -17,682 -0.9%
AAM
7
Advisors Asset Management
Colorado
$21.3M +$743K +64,203 +4%
UBS Group
8
UBS Group
Switzerland
$19.5M +$19.8M +1,706,786 New
RCM
9
Rivernorth Capital Management
Florida
$15.8M +$5.49M +474,578 +52%
Wells Fargo
10
Wells Fargo
California
$13M -$351K -30,307 -3%
CIA
11
Capital Investment Advisors
Georgia
$12.6M +$135M +11,671,476 +1,071%
PPA
12
Parametric Portfolio Associates
Washington
$12.4M +$194K +16,754 +2%
PRCM
13
Pine River Capital Management
Minnesota
$11.9M +$198K +17,100 +2%
GC
14
Guggenheim Capital
Illinois
$9.75M -$16.4M -1,414,604 -62%
LPL Financial
15
LPL Financial
California
$5.75M +$383K +33,115 +7%
COLIM
16
City of London Investment Management
United Kingdom
$5.02M +$5.1M +440,900 New
AQR Capital Management
17
AQR Capital Management
Connecticut
$4.49M +$708K +61,161 +18%
BI
18
BlueSpruce Investments
Illinois
$4.2M +$4.26M +368,093 New
KSCM
19
Kamunting Street Capital Management
Florida
$4.03M -$1.66M -143,493 -29%
Bank of America
20
Bank of America
North Carolina
$3.92M -$824K -71,177 -17%
PAM
21
PT Asset Management
Illinois
$3.71M +$3.77M +325,453 New
TFMS
22
Trust & Fiduciary Management Services
Massachusetts
$3.56M -$111K -9,554 -3%
Bessemer Group
23
Bessemer Group
New Jersey
$3.54M -$1.14M -98,210 -24%
CA
24
Cornerstone Advisors
North Carolina
$3.53M
SG Americas Securities
25
SG Americas Securities
New York
$3.25M +$3.3M +285,278 New

HYT Hedge Fund Activity: Q4 2014 in Review

112 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q4 2014, worth a combined $420M — up 8.6% from $387M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new HYT positions and 16 closed out — a net gain of 11 holders — while 25 added to existing stakes and 38 trimmed.

The largest buyer was Capital Investment Advisors, adding an estimated $135M. The largest seller was Eaton Vance Management, cutting an estimated $97.5M.

  • 112 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q4 2014, up from 105 in Q3 2014.
  • Funds reported $420M of BlackRock Corporate High Yield Fund stock for Q4 2014, up 8.6% quarter-over-quarter.
  • 27 funds opened new BlackRock Corporate High Yield Fund positions in Q4 2014 and 16 closed out, a net change of +11 holders.
  • The largest BlackRock Corporate High Yield Fund buyer in Q4 2014 was Capital Investment Advisors, an estimated $135M added.
  • The largest BlackRock Corporate High Yield Fund seller in Q4 2014 was Eaton Vance Management, an estimated $97.5M sold.

Based on aggregated 13F filings for Q4 2014.