BlackRock Energy and Resources Trust
BGR
61 hedge funds and large institutions have $116M invested in BlackRock Energy and Resources Trust in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 21 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 19
1.15% less ownership
Funds ownership: 19.02% → 17.86% (-1.2%)
15% less capital invested
Capital invested by funds: $135M → $116M (-$19.9M)
16% less funds holding
Funds holding: 73 → 61 (-12)
48% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Conning Inc
Hartford,
Connecticut
|
+$11.2M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$5.33M |
| 3 |
Morgan Stanley
New York
|
+$2.85M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$1.19M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$803K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIC
Starr International Company
Zug,
Switzerland
|
-$9.52M |
| 2 |
FAAM
First Allied Asset Management
San Diego,
California
|
-$6.49M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.97M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.4M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.68M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JFA
76
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$48K | -2,000 | Closed |
|
|
MAS
77
Madden Advisory Services
Jacksonville,
Florida
| – | -$33K | -1,400 | Closed |
|
|
WA
78
Waverly Advisors
Birmingham,
Alabama
| – | -$33K | -1,395 | Closed |
|
79
US Bancorp
Minneapolis,
Minnesota
| – | -$28K | -1,182 | Closed |
|
80
Barclays
London,
United Kingdom
| – | -$23K | -1,000 | Closed |
|
|
FFC
81
First Financial Corp
Terre Haute,
Indiana
| – | -$24K | -990 | Closed |
|
|
MPWT
82
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$1K | -42 | Closed |
|
BGR Hedge Fund Activity: Q4 2014 in Review
61 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in BlackRock Energy and Resources Trust (BGR) for Q4 2014, worth a combined $116M — down 15% from $135M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of BGR and 11 opened new positions — a net loss of 10 holders — while 19 trimmed existing stakes and 23 added.
The largest buyer was Conning Inc, adding an estimated $11.2M. The largest seller was Starr International Company, exiting entirely with an estimated $9.52M sold.
- 61 institutional investors held BlackRock Energy and Resources Trust (BGR) as of Q4 2014, down from 73 in Q3 2014.
- Funds reported $116M of BlackRock Energy and Resources Trust stock for Q4 2014, down 15% quarter-over-quarter.
- 11 funds opened new BlackRock Energy and Resources Trust positions in Q4 2014 and 21 closed out, a net change of -10 holders.
- The largest BlackRock Energy and Resources Trust buyer in Q4 2014 was Conning Inc, an estimated $11.2M added.
- The largest BlackRock Energy and Resources Trust seller in Q4 2014 was Starr International Company, an estimated $9.52M sold.
Based on aggregated 13F filings for Q4 2014.