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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$7.54M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.49M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.38M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$1.18M |
| 5 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$605K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$1.1M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$481K |
| 3 |
Morgan Stanley
New York
|
-$384K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$309K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$261K |
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.