Blackrock Florida Municipal 2020 Term Trust
BFO was delisted on the 15th of December, 2020.
10 hedge funds and large institutions have $5M invested in Blackrock Florida Municipal 2020 Term Trust in 2013 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 3 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
4% less capital invested
Capital invested by funds: $5.18M → $5M (-$188K)
23% less funds holding
Funds holding: 13 → 10 (-3)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$721K |
| 2 |
Barclays
London,
United Kingdom
|
+$57.7K |
| 3 |
Morgan Stanley
New York
|
+$27.7K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$24.7K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$4.75K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$962K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$24.2K |
| 3 |
Citigroup
New York
|
-$11K |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$4K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.51K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSL
1
Mackay Shields LLC
New York
| $1.76M | – | – | – |
|
|
U
2
UBS
Zurich,
Switzerland
| $1.36M | +$721K | +47,700 | +113% |
|
|
3
Bank of America
Charlotte,
North Carolina
| $517K | -$1.51K | -100 | -0.3% |
|
|
RJA
4
Raymond James & Associates
St Petersburg,
Florida
| $478K | -$24.2K | -1,600 | -5% |
|
|
5
Morgan Stanley
New York
| $388K | +$27.7K | +1,831 | +8% |
|
|
6
Wells Fargo
San Francisco,
California
| $304K | +$24.7K | +1,634 | +9% |
|
|
7
Barclays
London,
United Kingdom
| $95K | +$57.7K | +3,816 | +154% |
|
8
Royal Bank of Canada
Toronto,
Ontario, Canada
| $77K | – | – | – |
|
9
Fifth Third Bancorp
Cincinnati,
Ohio
| $15K | – | – | – |
|
|
TRCT
10
Tower Research Capital (TRC)
New York
| $6K | +$4.75K | +314 | +275% |
|
|
MIG
11
Mariner Investment Group
Harrison,
New York
| – | -$962K | -63,257 | Closed |
|
|
12
Citigroup
New York
| – | -$11K | -749 | Closed |
|
|
13
Nomura Holdings
Tokyo,
Japan
| – | -$4K | -250 | Closed |
|
BFO Hedge Fund Activity: Q4 2013 in Review
10 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Blackrock Florida Municipal 2020 Term Trust (BFO) for Q4 2013, worth a combined $5M — down 3.6% from $5.18M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BFO and 0 opened new positions — a net loss of 3 holders — while 2 trimmed existing stakes and 5 added.
The largest buyer was UBS, adding an estimated $721K. The largest seller was Mariner Investment Group, exiting entirely with an estimated $962K sold.
- 10 institutional investors held Blackrock Florida Municipal 2020 Term Trust (BFO) as of Q4 2013, down from 13 in Q3 2013.
- Funds reported $5M of Blackrock Florida Municipal 2020 Term Trust stock for Q4 2013, down 3.6% quarter-over-quarter.
- 0 funds opened new Blackrock Florida Municipal 2020 Term Trust positions in Q4 2013 and 3 closed out, a net change of -3 holders.
- The largest Blackrock Florida Municipal 2020 Term Trust buyer in Q4 2013 was UBS, an estimated $721K added.
- The largest Blackrock Florida Municipal 2020 Term Trust seller in Q4 2013 was Mariner Investment Group, an estimated $962K sold.
Based on aggregated 13F filings for Q4 2013.