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BlackRock Energy and Resources Trust
BGR

65 hedge funds and large institutions have $85.4M invested in BlackRock Energy and Resources Trust in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 16

3% more capital invested

Capital invested by funds: $82.6M → $85.4M (+$2.75M)

0.93% more ownership

Funds ownership: 23.44% → 24.37% (+0.93%)

7% less funds holding

Funds holding: 70 → 65 (-5)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
65
Holders Change
-5
Holders Change %
-7.14%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
24
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$3.07M
2
BCM
Brookstone Capital Management
Illinois
+$756K
3
LPL Financial
LPL Financial
California
+$518K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$482K
5
WAM
Wolverine Asset Management
Illinois
+$345K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.06M
2
Bank of America
Bank of America
North Carolina
-$301K
3
Stifel Financial
Stifel Financial
Missouri
-$198K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$179K
5
Walleye Capital
Walleye Capital
New York
-$177K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$61.3K – – –
IA
52
IFP Advisors
Florida
$43.3K – – –
TC
53
Truvestments Capital
Florida
$32.8K +$32.7K +2,721 New
FCMT
54
Founders Capital Management (Texas)
Texas
$24.1K – – –
SS
55
Sunbelt Securities
Texas
$24.1K +$12K +1,000 +100%
PFG
56
Piershale Financial Group
Illinois
$18.5K +$289 +24 +2%
BCMLT
57
Beacon Capital Management LLC (Tennessee)
Tennessee
$12K – – –
Northwestern Mutual Wealth Management
58
Northwestern Mutual Wealth Management
Wisconsin
$11.7K – – –
HNB
59
Huntington National Bank
Ohio
$8.72K +$8.71K +724 New
GWM
60
Geneos Wealth Management
Colorado
$7.83K – – –
VWM
61
Venturi Wealth Management
Texas
$4.77K – – –
SC
62
Stephens Consulting
Michigan
$4.41K – – –
BFEC
63
Benjamin F. Edwards & Company
Missouri
$3K – – –
SPIA
64
Steward Partners Investment Advisory
New York
$614 – – –
EWA
65
EverSource Wealth Advisors
Alabama
$229 – – –
MC
66
Moors & Cabot
Massachusetts
– -$165K -13,583 Closed
SPC
67
Sigma Planning Corp
Michigan
– -$148K -12,150 Closed
9WM
68
9258 Wealth Management
Ohio
– -$134K -11,021 Closed
QC
69
Quantedge Capital
Singapore
– -$132K -10,818 Closed
KIM
70
Karpus Investment Management
New York
– -$122K -10,000 Closed
EC
71
Elequin Capital
New York
– -$44.7K -3,676 Closed
AAS
72
Ameritas Advisory Services
Nebraska
– -$40.5K -3,330 Closed
ASN
73
Advisory Services Network
Georgia
– -$12.2K -1,000 Closed
BAM
74
Belpointe Asset Management
Nevada
– -$243 -20 Closed
1 2
3

BGR Hedge Fund Activity: Q2 2023 in Review

65 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Energy and Resources Trust (BGR) for Q2 2023, worth a combined $85.4M — up 3.3% from $82.6M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BGR and 6 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 24 added.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $3.07M. The largest seller was Morgan Stanley, cutting an estimated $1.06M.

  • 65 institutional investors held BlackRock Energy and Resources Trust (BGR) as of Q2 2023, down from 70 in Q1 2023.
  • Funds reported $85.4M of BlackRock Energy and Resources Trust stock for Q2 2023, up 3.3% quarter-over-quarter.
  • 6 funds opened new BlackRock Energy and Resources Trust positions in Q2 2023 and 10 closed out, a net change of -4 holders.
  • The largest BlackRock Energy and Resources Trust buyer in Q2 2023 was Saba Capital Management, an estimated $3.07M added.
  • The largest BlackRock Energy and Resources Trust seller in Q2 2023 was Morgan Stanley, an estimated $1.06M sold.

Based on aggregated 13F filings for Q2 2023.