BlackRock Corporate High Yield Fund
152 hedge funds and large institutions have $380M invested in BlackRock Corporate High Yield Fund in 2018 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 38 increasing their positions, 41 reducing their positions, and 18 closing their positions.
89% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 18
11% more funds holding
Funds holding: 137 → 152 (+15)
1.7% more ownership
Funds ownership: 31.01% → 32.71% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 41
7% less capital invested
Capital invested by funds: $408M → $380M (-$27.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$9.08M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$6.32M |
| 3 |
Citigroup
New York
|
+$5.93M |
| 4 |
HHGC
Hunting Hill Global Capital
New York
|
+$3.39M |
| 5 |
SCM
Saba Capital Management
New York
|
+$3.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$19.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.62M |
| 3 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$2.33M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.07M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.68M |
HYT Hedge Fund Activity: Q4 2018 in Review
152 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in BlackRock Corporate High Yield Fund (HYT) for Q4 2018, worth a combined $380M — down 6.8% from $408M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new HYT positions and 18 closed out — a net gain of 16 holders — while 38 added to existing stakes and 41 trimmed.
The largest buyer was McGowan Group Asset Management, adding an estimated $9.08M. The largest seller was Morgan Stanley, cutting an estimated $19.8M.
- 152 institutional investors held BlackRock Corporate High Yield Fund (HYT) as of Q4 2018, up from 137 in Q3 2018.
- Funds reported $380M of BlackRock Corporate High Yield Fund stock for Q4 2018, down 6.8% quarter-over-quarter.
- 34 funds opened new BlackRock Corporate High Yield Fund positions in Q4 2018 and 18 closed out, a net change of +16 holders.
- The largest BlackRock Corporate High Yield Fund buyer in Q4 2018 was McGowan Group Asset Management, an estimated $9.08M added.
- The largest BlackRock Corporate High Yield Fund seller in Q4 2018 was Morgan Stanley, an estimated $19.8M sold.
Based on aggregated 13F filings for Q4 2018.