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BlackRock Energy and Resources Trust
BGR

67 hedge funds and large institutions have $119M invested in BlackRock Energy and Resources Trust in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more capital invested

Capital invested by funds: $105M → $119M (+$13.5M)

5.19% more ownership

Funds ownership: 27.59% → 32.77% (+5.2%)

9% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 22

3% less funds holding

Funds holding: 69 → 67 (-2)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

Holders
67
Holders Change
-2
Holders Change %
-2.9%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
20
Reduced
22
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$15.3M
2
COLIM
City of London Investment Management
United Kingdom
+$8.32M
3
Bank of America
Bank of America
North Carolina
+$949K
4
LCM
Landscape Capital Management
New Jersey
+$411K
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$192K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$2.2M
2
WAM
Wolverine Asset Management
Illinois
-$1.81M
3
BCM
Brookstone Capital Management
Illinois
-$693K
4
Osaic Holdings
Osaic Holdings
Arizona
-$546K
5
ASFA
All Season Financial Advisors
Colorado
-$370K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AQR Arbitrage
Connecticut
$560K -$178K -14,159 -24%
Osaic Holdings
27
Osaic Holdings
Arizona
$546K -$546K -43,356 -50%
NFG
28
Nations Financial Group
Iowa
$536K -$37.5K -2,974 -6%
1CP
29
1607 Capital Partners
Virginia
$435K -$51.6K -4,100 -10%
MWM
30
MGB Wealth Management
Texas
$394K +$398K +31,618 New
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$333K -$14.4K -1,147 -4%
WE
32
Wealth Effects
Massachusetts
$309K -$26.4K -2,100 -8%
NCM
33
Northside Capital Management
Oregon
$303K – – –
CI
34
Conning Inc
Connecticut
$296K +$6.07K +482 +2%
LFAS
35
Level Four Advisory Services
Texas
$285K -$22.8K -1,811 -7%
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$261K -$137K -10,849 -34%
Ameriprise
37
Ameriprise
Minnesota
$240K +$15.7K +1,246 +7%
Comerica Bank
38
Comerica Bank
Texas
$232K -$7.81K -620 -3%
MML Investors Services
39
MML Investors Services
Massachusetts
$196K -$50.9K -4,040 -20%
Thrivent Financial for Lutherans
40
Thrivent Financial for Lutherans
Minnesota
$190K +$192K +15,222 New
CF
41
Centaurus Financial
California
$186K – – –
JP Morgan Chase
42
JP Morgan Chase
New York
$161K +$161K +12,755 +6,442%
PAG
43
Private Advisor Group
New Jersey
$150K – – –
VCWA
44
Vanguard Capital Wealth Advisors
Colorado
$146K +$2.67K +212 +2%
SWM
45
SeaCrest Wealth Management
New York
$136K – – –
CL
46
Choreo LLC
Illinois
$128K +$129K +10,245 New
AA
47
Ancora Advisors
Ohio
$88.6K -$6.18K -491 -6%
NS
48
NBC Securities
Alabama
$87K +$1.16K +92 +1%
EWM
49
Evermay Wealth Management
Virginia
$72.2K – – –
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$63.4K – – –
1
2
3

BGR Hedge Fund Activity: Q4 2023 in Review

67 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock Energy and Resources Trust (BGR) for Q4 2023, worth a combined $119M — up 13% from $105M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BGR and 7 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 20 added.

The largest buyer was Morgan Stanley, adding an estimated $15.3M. The largest seller was Saba Capital Management, exiting entirely with an estimated $2.2M sold.

  • 67 institutional investors held BlackRock Energy and Resources Trust (BGR) as of Q4 2023, down from 69 in Q3 2023.
  • Funds reported $119M of BlackRock Energy and Resources Trust stock for Q4 2023, up 13% quarter-over-quarter.
  • 7 funds opened new BlackRock Energy and Resources Trust positions in Q4 2023 and 8 closed out, a net change of -1 holder.
  • The largest BlackRock Energy and Resources Trust buyer in Q4 2023 was Morgan Stanley, an estimated $15.3M added.
  • The largest BlackRock Energy and Resources Trust seller in Q4 2023 was Saba Capital Management, an estimated $2.2M sold.

Based on aggregated 13F filings for Q4 2023.