Blackrock Florida Municipal 2020 Term Trust
BFO was delisted on the 15th of December, 2020.
24 hedge funds and large institutions have $15.4M invested in Blackrock Florida Municipal 2020 Term Trust in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
20% more funds holding
Funds holding: 20 → 24 (+4)
15% more capital invested
Capital invested by funds: $13.4M → $15.4M (+$2.03M)
2.58% more ownership
Funds ownership: 16.61% → 19.19% (+2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
+$1.48M |
| 2 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
+$630K |
| 3 |
OCA
Otter Creek Advisors
Palm Beach Gardens,
Florida
|
+$437K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$394K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$340K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$910K |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$504K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$482K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$101K |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$40.5K |
BFO Hedge Fund Activity: Q1 2020 in Review
24 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Blackrock Florida Municipal 2020 Term Trust (BFO) for Q1 2020, worth a combined $15.4M — up 15% from $13.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BFO positions and 1 closed out — a net gain of 4 holders — while 7 added to existing stakes and 5 trimmed.
The largest buyer was Mirabella Financial Services, opening a new position worth an estimated $1.48M. The largest seller was Karpus Investment Management, cutting an estimated $910K.
- 24 institutional investors held Blackrock Florida Municipal 2020 Term Trust (BFO) as of Q1 2020, up from 20 in Q4 2019.
- Funds reported $15.4M of Blackrock Florida Municipal 2020 Term Trust stock for Q1 2020, up 15% quarter-over-quarter.
- 5 funds opened new Blackrock Florida Municipal 2020 Term Trust positions in Q1 2020 and 1 closed out, a net change of +4 holders.
- The largest Blackrock Florida Municipal 2020 Term Trust buyer in Q1 2020 was Mirabella Financial Services, an estimated $1.48M added.
- The largest Blackrock Florida Municipal 2020 Term Trust seller in Q1 2020 was Karpus Investment Management, an estimated $910K sold.
Based on aggregated 13F filings for Q1 2020.