BlackRock Energy and Resources Trust
BGR
66 hedge funds and large institutions have $152M invested in BlackRock Energy and Resources Trust in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
8% more funds holding
Funds holding: 61 → 66 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.45% less ownership
Funds ownership: 22.61% → 21.16% (-1.5%)
7% less capital invested
Capital invested by funds: $164M → $152M (-$11.4M)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.27M |
| 2 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$688K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$681K |
| 4 |
FAAM
First Allied Asset Management
San Diego,
California
|
+$526K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$513K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.58M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.3M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.2M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.91M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.55M |
BGR Hedge Fund Activity: Q1 2014 in Review
66 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock Energy and Resources Trust (BGR) for Q1 2014, worth a combined $152M — down 7% from $164M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BGR positions and 5 closed out — a net gain of 6 holders — while 18 added to existing stakes and 20 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.27M. The largest seller was Karpus Investment Management, cutting an estimated $3.58M.
- 66 institutional investors held BlackRock Energy and Resources Trust (BGR) as of Q1 2014, up from 61 in Q4 2013.
- Funds reported $152M of BlackRock Energy and Resources Trust stock for Q1 2014, down 7% quarter-over-quarter.
- 11 funds opened new BlackRock Energy and Resources Trust positions in Q1 2014 and 5 closed out, a net change of +6 holders.
- The largest BlackRock Energy and Resources Trust buyer in Q1 2014 was Advisors Asset Management, an estimated $1.27M added.
- The largest BlackRock Energy and Resources Trust seller in Q1 2014 was Karpus Investment Management, an estimated $3.58M sold.
Based on aggregated 13F filings for Q1 2014.