Blackrock Florida Municipal 2020 Term Trust
BFO was delisted on the 15th of December, 2020.
20 hedge funds and large institutions have $13.4M invested in Blackrock Florida Municipal 2020 Term Trust in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
12% more capital invested
Capital invested by funds: $12M → $13.4M (+$1.39M)
5% more funds holding
Funds holding: 19 → 20 (+1)
1.67% more ownership
Funds ownership: 14.94% → 16.61% (+1.7%)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
+$1.5M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$208K |
| 3 |
OCA
Otter Creek Advisors
Palm Beach Gardens,
Florida
|
+$192K |
| 4 |
Morgan Stanley
New York
|
+$91.5K |
| 5 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
+$885 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NGA
Naples Global Advisors
Naples,
Florida
|
-$236K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$157K |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$67.5K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$58.1K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$44.6K |
BFO Hedge Fund Activity: Q4 2019 in Review
20 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Blackrock Florida Municipal 2020 Term Trust (BFO) for Q4 2019, worth a combined $13.4M — up 12% from $12M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new BFO positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 7 trimmed.
The largest buyer was Biltmore Capital Advisors, opening a new position worth an estimated $1.5M. The largest seller was Naples Global Advisors, exiting entirely with an estimated $236K sold.
- 20 institutional investors held Blackrock Florida Municipal 2020 Term Trust (BFO) as of Q4 2019, up from 19 in Q3 2019.
- Funds reported $13.4M of Blackrock Florida Municipal 2020 Term Trust stock for Q4 2019, up 12% quarter-over-quarter.
- 3 funds opened new Blackrock Florida Municipal 2020 Term Trust positions in Q4 2019 and 2 closed out, a net change of +1 holder.
- The largest Blackrock Florida Municipal 2020 Term Trust buyer in Q4 2019 was Biltmore Capital Advisors, an estimated $1.5M added.
- The largest Blackrock Florida Municipal 2020 Term Trust seller in Q4 2019 was Naples Global Advisors, an estimated $236K sold.
Based on aggregated 13F filings for Q4 2019.