BlackRock Innovation and Growth Trust is a newly organized, non-diversified, closed-end management investment company with no operating history. The Trust’s investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation.§ The Trust will invest primarily in equity securities issued by mid- and small-capitalization companies that BlackRock Advisors, LLC (the "Advisor") believes have above-average earnings growth potential. In selecting investments for the Trust, the Advisor focuses on mid- and small-capitalization growth companies that are "innovative." These are companies that have introduced, or are seeking to introduce, a new product or service that potentially changes the marketplace. The Trust may invest up to 25% of its assets in securities of foreign companies, including companies located in emerging markets.
Company profile
Ticker
BIGZ
Exchange
Employees
Incorporated
Location
Fiscal year end
SEC CIK
BIGZ stock data
Latest filings (excl ownership)
DEFC14A
Proxy in contested solicitation
19 Apr 24
DEFA14A
Additional proxy soliciting materials
10 Apr 24
PREC14A
Preliminary proxy with contested solicitation
10 Apr 24
PREC14A
Preliminary proxy with contested solicitation
9 Apr 24
DFAN14A
Additional proxy materials by non-management
21 Mar 24
N-CEN
Annual report (registered investment company)
14 Mar 24
DFAN14A
Additional proxy materials by non-management
8 Mar 24
DFAN14A
Additional proxy materials by non-management
7 Mar 24
DFAN14A
Additional proxy materials by non-management
6 Mar 24
N-CSR
Certified annual shareholder report (management investment company)
6 Mar 24
Latest ownership filings
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
BlackRock Innovation & Growth Term Trust | – | 4.08 | -4.63 | -5.95 | 2.00 bn | 222 | Sep 2023 |
Institutional ownership, Q3 2023
28.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 111 |
Opened positions | 21 |
Closed positions | 11 |
Increased positions | 39 |
Reduced positions | 32 |
13F shares | Current |
---|---|
Total value | 431.13 bn |
Total shares | 64.65 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Saba Capital Management | 23.23 mm | $161.71 bn |
MS Morgan Stanley | 7.37 mm | $51.28 bn |
Cornerstone Advisors | 2.97 mm | $20.65 bn |
IVZ Invesco | 2.91 mm | $20.25 bn |
City Of London Investment Management | 2.88 mm | $20.02 bn |
Lazard Asset Management | 2.58 mm | $17.97 mm |
BAC Bank Of America | 2.37 mm | $16.53 bn |
Raymond James & Associates | 1.94 mm | $13.48 bn |
UBS UBS Group AG - Registered Shares | 1.60 mm | $11.13 bn |
RY Royal Bank Of Canada | 1.47 mm | $10.26 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Saba Capital Management | Common Stock | Buy | Acquire P | Yes | No | 8.1 | 139,326 | 1.13 mm | 52,103,294 |
28 Mar 24 | Saba Capital Management | Common Stock | Buy | Acquire P | Yes | No | 8.15 | 106,263 | 866.04 k | 51,963,968 |
27 Mar 24 | Saba Capital Management | Common Stock | Buy | Acquire P | Yes | No | 8.06 | 185,987 | 1.50 mm | 51,857,705 |
26 Mar 24 | Saba Capital Management | Common Stock | Buy | Acquire P | Yes | No | 8.02 | 100,100 | 802.80 k | 51,671,718 |
25 Mar 24 | Saba Capital Management | Common Stock | Buy | Acquire P | Yes | No | 7.98 | 152,676 | 1.22 mm | 51,571,618 |
22 Mar 24 | Saba Capital Management | Common Stock | Buy | Acquire P | Yes | No | 7.97 | 100,000 | 797.00 k | 51,418,942 |
21 Mar 24 | Saba Capital Management | Common Stock | Buy | Acquire P | Yes | No | 8.05 | 193,972 | 1.56 mm | 51,318,942 |
20 Mar 24 | Saba Capital Management | Common Stock | Buy | Acquire P | Yes | No | 7.84 | 241,858 | 1.90 mm | 51,124,970 |
Press releases
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
1 Apr 24
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
28 Mar 24
Saba Launches Campaign to Improve the Boards of 10 Poorly Governed and Underperforming Closed-End Funds Managed by BlackRock
6 Mar 24
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
1 Mar 24
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
29 Feb 24