Blackrock Florida Municipal 2020 Term Trust
BFO was delisted on the 15th of December, 2020.
14 hedge funds and large institutions have $5.9M invested in Blackrock Florida Municipal 2020 Term Trust in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
27% more funds holding
Funds holding: 11 → 14 (+3)
2% more capital invested
Capital invested by funds: $5.78M → $5.9M (+$122K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$147K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$85.5K |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$57.3K |
| 4 |
Morgan Stanley
New York
|
+$45.2K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$22.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$247K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$82.9K |
| 3 |
Citigroup
New York
|
-$11.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSL
1
Mackay Shields LLC
New York
| $1.85M | +$57.3K | +3,806 | +3% |
|
|
2
Bank of America
Charlotte,
North Carolina
| $1.38M | +$22.7K | +1,506 | +2% |
|
|
3
UBS Group
Zurich,
Switzerland
| $981K | -$247K | -16,378 | -20% |
|
4
LPL Financial
San Diego,
California
| $314K | +$904 | +60 | +0.3% |
|
|
NSIM
5
North Star Investment Management
Chicago,
Illinois
| $296K | – | – | – |
|
|
6
Morgan Stanley
New York
| $231K | +$45.2K | +3,000 | +25% |
|
|
7
Wells Fargo
San Francisco,
California
| $208K | -$82.9K | -5,501 | -29% |
|
|
UR
8
USCA RIA
Houston,
Texas
| $193K | – | – | – |
|
|
AA
9
Ancora Advisors
Cleveland,
Ohio
| $182K | +$15.1K | +1,000 | +9% |
|
|
SIA
10
Sit Investment Associates
Minneapolis,
Minnesota
| $148K | +$147K | +9,783 | New |
|
|
WAM
11
Wolverine Asset Management
Chicago,
Illinois
| $86K | +$85.5K | +5,674 | New |
|
12
Royal Bank of Canada
Toronto,
Ontario, Canada
| $24K | +$4.52K | +300 | +23% |
|
|
13
Citigroup
New York
| $5K | -$11.6K | -769 | -70% |
|
|
TRCT
14
Tower Research Capital (TRC)
New York
| $1K | +$1.21K | +80 | New |
|
BFO Hedge Fund Activity: Q1 2016 in Review
14 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Blackrock Florida Municipal 2020 Term Trust (BFO) for Q1 2016, worth a combined $5.9M — up 2.1% from $5.78M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new BFO positions and 0 closed out — a net gain of 3 holders — while 6 added to existing stakes and 3 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $147K. The largest seller was UBS Group, cutting an estimated $247K.
- 14 institutional investors held Blackrock Florida Municipal 2020 Term Trust (BFO) as of Q1 2016, up from 11 in Q4 2015.
- Funds reported $5.9M of Blackrock Florida Municipal 2020 Term Trust stock for Q1 2016, up 2.1% quarter-over-quarter.
- 3 funds opened new Blackrock Florida Municipal 2020 Term Trust positions in Q1 2016 and 0 closed out, a net change of +3 holders.
- The largest Blackrock Florida Municipal 2020 Term Trust buyer in Q1 2016 was Sit Investment Associates, an estimated $147K added.
- The largest Blackrock Florida Municipal 2020 Term Trust seller in Q1 2016 was UBS Group, an estimated $247K sold.
Based on aggregated 13F filings for Q1 2016.