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BlackRock Energy and Resources Trust
BGR

69 hedge funds and large institutions have $105M invested in BlackRock Energy and Resources Trust in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 4

50% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 16

23% more capital invested

Capital invested by funds: $85.4M → $105M (+$19.9M)

6% more funds holding

Funds holding: 65 → 69 (+4)

3.22% more ownership

Funds ownership: 24.37% → 27.59% (+3.2%)

Holders
69
Holders Change
+4
Holders Change %
+6.15%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
24
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
COLIM
City of London Investment Management
United Kingdom
+$7.54M
2
Bank of America
Bank of America
North Carolina
+$1.49M
3
WAM
Wolverine Asset Management
Illinois
+$1.38M
4
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$1.18M
5
AWM
Apollon Wealth Management
South Carolina
+$605K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$1.1M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
-$481K
3
Morgan Stanley
Morgan Stanley
New York
-$384K
4
Invesco
Invesco
Georgia
-$309K
5
CA
Cetera Advisors
Colorado
-$261K
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
26
Brookstone Capital Management
Illinois
$693K -$121K -9,623 -15%
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$625K +$236K +18,733 +65%
NFG
28
Nations Financial Group
Iowa
$603K +$209K +16,569 +56%
Stifel Financial
29
Stifel Financial
Missouri
$594K -$151K -12,000 -21%
1CP
30
1607 Capital Partners
Virginia
$512K – – –
SIC
31
Samalin Investment Counsel
New York
$462K +$140K +11,070 +46%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$417K +$15.8K +1,249 +4%
ASFA
33
All Season Financial Advisors
Colorado
$370K +$356K +28,201 New
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$366K -$24.8K -1,961 -7%
WE
35
Wealth Effects
Massachusetts
$353K – – –
LFAS
36
Level Four Advisory Services
Texas
$324K -$35.7K -2,831 -10%
NCM
37
Northside Capital Management
Oregon
$319K – – –
CI
38
Conning Inc
Connecticut
$306K +$4.58K +363 +2%
MML Investors Services
39
MML Investors Services
Massachusetts
$259K +$1.92K +152 +0.8%
Comerica Bank
40
Comerica Bank
Texas
$252K +$243K +19,226 New
Ameriprise
41
Ameriprise
Minnesota
$236K -$13.3K -1,051 -6%
CF
42
Centaurus Financial
California
$196K – – –
LCM
43
Landscape Capital Management
New Jersey
$186K +$179K +14,187 New
Walleye Capital
44
Walleye Capital
New York
$182K -$39.8K -3,151 -18%
JMPWA
45
JP Morgan Private Wealth Advisors
California
$165K – – –
BRWA
46
B. Riley Wealth Advisors
Florida
$161K +$8.84K +700 +6%
PAG
47
Private Advisor Group
New Jersey
$158K +$63 +5 +0%
VCWA
48
Vanguard Capital Wealth Advisors
Colorado
$151K -$1.96K -155 -1%
Cetera Investment Advisers
49
Cetera Investment Advisers
Illinois
$143K -$19.6K -1,556 -12%
SWM
50
SeaCrest Wealth Management
New York
$142K – – –
1
2
3

BGR Hedge Fund Activity: Q3 2023 in Review

69 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock Energy and Resources Trust (BGR) for Q3 2023, worth a combined $105M — up 23% from $85.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BGR positions and 4 closed out — a net gain of 6 holders — while 24 added to existing stakes and 16 trimmed.

The largest buyer was City of London Investment Management, opening a new position worth an estimated $7.54M. The largest seller was Saba Capital Management, cutting an estimated $1.1M.

  • 69 institutional investors held BlackRock Energy and Resources Trust (BGR) as of Q3 2023, up from 65 in Q2 2023.
  • Funds reported $105M of BlackRock Energy and Resources Trust stock for Q3 2023, up 23% quarter-over-quarter.
  • 10 funds opened new BlackRock Energy and Resources Trust positions in Q3 2023 and 4 closed out, a net change of +6 holders.
  • The largest BlackRock Energy and Resources Trust buyer in Q3 2023 was City of London Investment Management, an estimated $7.54M added.
  • The largest BlackRock Energy and Resources Trust seller in Q3 2023 was Saba Capital Management, an estimated $1.1M sold.

Based on aggregated 13F filings for Q3 2023.