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BlackRock Energy and Resources Trust
BGR

66 hedge funds and large institutions have $152M invested in BlackRock Energy and Resources Trust in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

8% more funds holding

Funds holding: 61 → 66 (+5)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.45% less ownership

Funds ownership: 22.61% → 21.16% (-1.5%)

7% less capital invested

Capital invested by funds: $164M → $152M (-$11.4M)

10% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 20

Holders
66
Holders Change
+5
Holders Change %
+8.2%
% of All Funds
1.91%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
18
Reduced
20
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$1.27M
2
ICOA
Investment Centers of America
North Dakota
+$688K
3
TC
TFS Capital
Pennsylvania
+$681K
4
FAAM
First Allied Asset Management
California
+$526K
5
RJA
Raymond James & Associates
Florida
+$513K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$3.58M
2
CA
Cornerstone Advisors
North Carolina
-$2.3M
3
AQR Capital Management
AQR Capital Management
Connecticut
-$2.2M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.91M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$1.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
Doliver Advisors
Texas
$690K +$229K +9,623 +51%
CL
27
CSS LLC
Illinois
$645K – – –
Stifel Financial
28
Stifel Financial
Missouri
$640K +$631K +26,491 New
RJFSA
29
Raymond James Financial Services Advisors
Florida
$588K -$116K -4,856 -17%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$470K +$74.4K +3,126 +19%
GEM
31
Global Endowment Management
North Carolina
$459K – – –
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$447K -$35.2K -1,480 -7%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$436K -$1.91M -80,044 -82%
OFG
34
OTA Financial Group
New York
$379K +$374K +15,725 New
RJT
35
Raymond James Trust
Florida
$360K – – –
EWM
36
Edge Wealth Management
New York
$344K -$6.9K -290 -2%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$339K +$59K +2,479 +21%
VKH
38
Virtu KCG Holdings
New York
$315K +$310K +13,025 New
PFS
39
Prospera Financial Services
Texas
$268K +$47.6K +2,000 +22%
HighTower Advisors
40
HighTower Advisors
Illinois
$260K -$22.1K -929 -8%
WKWM
41
Walter & Keenan Wealth Management
Indiana
$258K +$255K +10,700 New
Goldman Sachs
42
Goldman Sachs
New York
$255K -$271K -11,374 -52%
CI
43
Conning Inc
Connecticut
$248K +$244K +10,250 New
Citigroup
44
Citigroup
New York
$219K +$161K +6,747 +294%
TJHA
45
Thomas J. Herzfeld Advisors
Florida
$218K – – –
AIG
46
American International Group
New York
$167K +$117K +4,900 +245%
BRWA
47
B. Riley Wealth Advisors
Florida
$140K – – –
WA
48
WFG Advisors
Texas
$67K +$12.2K +514 +23%
FHA
49
First Horizon Advisors
Tennessee
$63K – – –
CFN
50
Cordasco Financial Network
Florida
$55K -$19.5K -819 -26%
1
2
3

BGR Hedge Fund Activity: Q1 2014 in Review

66 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock Energy and Resources Trust (BGR) for Q1 2014, worth a combined $152M — down 7% from $164M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BGR positions and 5 closed out — a net gain of 6 holders — while 18 added to existing stakes and 20 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $1.27M. The largest seller was Karpus Investment Management, cutting an estimated $3.58M.

  • 66 institutional investors held BlackRock Energy and Resources Trust (BGR) as of Q1 2014, up from 61 in Q4 2013.
  • Funds reported $152M of BlackRock Energy and Resources Trust stock for Q1 2014, down 7% quarter-over-quarter.
  • 11 funds opened new BlackRock Energy and Resources Trust positions in Q1 2014 and 5 closed out, a net change of +6 holders.
  • The largest BlackRock Energy and Resources Trust buyer in Q1 2014 was Advisors Asset Management, an estimated $1.27M added.
  • The largest BlackRock Energy and Resources Trust seller in Q1 2014 was Karpus Investment Management, an estimated $3.58M sold.

Based on aggregated 13F filings for Q1 2014.