Blackrock Florida Municipal 2020 Term Trust
BFO was delisted on the 15th of December, 2020.
12 hedge funds and large institutions have $7.35M invested in Blackrock Florida Municipal 2020 Term Trust in 2016 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
25% more capital invested
Capital invested by funds: $5.9M → $7.35M (+$1.45M)
14% less funds holding
Funds holding: 14 → 12 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$1.24M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$280K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$149K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$136K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$37.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UR
USCA RIA
Houston,
Texas
|
-$193K |
| 2 |
LPL Financial
San Diego,
California
|
-$157K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$28.8K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$13K |
| 5 |
Citigroup
New York
|
-$5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSL
1
Mackay Shields LLC
New York
| $3.09M | +$1.24M | +81,828 | +67% |
|
|
2
Bank of America
Charlotte,
North Carolina
| $1.37M | -$13K | -857 | -0.9% |
|
|
3
UBS Group
Zurich,
Switzerland
| $952K | -$28.8K | -1,901 | -3% |
|
|
NSIM
4
North Star Investment Management
Chicago,
Illinois
| $295K | – | – | – |
|
|
SIA
5
Sit Investment Associates
Minneapolis,
Minnesota
| $285K | +$136K | +9,002 | +92% |
|
|
CRC
6
Curi RMB Capital
Chicago,
Illinois
| $280K | +$280K | +18,507 | New |
|
|
WAM
7
Wolverine Asset Management
Chicago,
Illinois
| $234K | +$149K | +9,829 | +173% |
|
8
Morgan Stanley
New York
| $231K | +$182 | +12 | +0.1% |
|
|
AA
9
Ancora Advisors
Cleveland,
Ohio
| $220K | +$37.9K | +2,500 | +21% |
|
10
Wells Fargo
San Francisco,
California
| $213K | +$5.03K | +332 | +2% |
|
|
11
LPL Financial
San Diego,
California
| $157K | -$157K | -10,335 | -50% |
|
12
Royal Bank of Canada
Toronto,
Ontario, Canada
| $24K | – | – | – |
|
|
UR
13
USCA RIA
Houston,
Texas
| – | -$193K | -12,731 | Closed |
|
|
14
Citigroup
New York
| – | -$5K | -329 | Closed |
|
|
TRCT
15
Tower Research Capital (TRC)
New York
| – | -$1K | -80 | Closed |
|
BFO Hedge Fund Activity: Q2 2016 in Review
12 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Blackrock Florida Municipal 2020 Term Trust (BFO) for Q2 2016, worth a combined $7.35M — up 25% from $5.9M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BFO and 1 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was Mackay Shields LLC, adding an estimated $1.24M. The largest seller was USCA RIA, exiting entirely with an estimated $193K sold.
- 12 institutional investors held Blackrock Florida Municipal 2020 Term Trust (BFO) as of Q2 2016, down from 14 in Q1 2016.
- Funds reported $7.35M of Blackrock Florida Municipal 2020 Term Trust stock for Q2 2016, up 25% quarter-over-quarter.
- 1 fund opened new Blackrock Florida Municipal 2020 Term Trust positions in Q2 2016 and 3 closed out, a net change of -2 holders.
- The largest Blackrock Florida Municipal 2020 Term Trust buyer in Q2 2016 was Mackay Shields LLC, an estimated $1.24M added.
- The largest Blackrock Florida Municipal 2020 Term Trust seller in Q2 2016 was USCA RIA, an estimated $193K sold.
Based on aggregated 13F filings for Q2 2016.