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BlackRock Floating Rate Income Trust
BGT

41 hedge funds and large institutions have $38.4M invested in BlackRock Floating Rate Income Trust in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 2

24% more funds holding

Funds holding: 33 → 41 (+8)

10% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 10

0.21% more ownership

Funds ownership: 11.24% → 11.45% (+0.21%)

4% less capital invested

Capital invested by funds: $40.1M → $38.4M (-$1.69M)

Holders
41
Holders Change
+8
Holders Change %
+24.24%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
11
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HAIM
Hunter Associates Investment Management
Pennsylvania
+$652K
2
U
UBS
Switzerland
+$453K
3
WAM
Wolverine Asset Management
Illinois
+$385K
4
DA
Doliver Advisors
Texas
+$369K
5
Ameriprise
Ameriprise
Minnesota
+$317K

Top Sellers

Rank Fund Capital Flow
1
HK
Horizon Kinetics
New York
-$974K
2
GC
Guggenheim Capital
Illinois
-$886K
3
AAM
Advisors Asset Management
Colorado
-$646K
4
ARC
Absolute Return Capital
Massachusetts
-$367K
5
Invesco
Invesco
Georgia
-$97.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
PPA
26
Parametric Portfolio Associates
Washington
$204K +$210K +14,399 New
Citigroup
27
Citigroup
New York
$192K +$199K +13,613 New
ICAS
28
Investors Capital Advisory Services
Massachusetts
$191K +$197K +13,482 New
FFA
29
First Foundation Advisors
California
$183K – – –
PAA
30
Peregrine Asset Advisers
Oregon
$170K +$175K +12,000 New
PNC Financial Services Group
31
PNC Financial Services Group
Pennsylvania
$102K – – –
MFS
32
MSI Financial Services
Massachusetts
$47K -$3.65K -250 -7%
Creative Planning
33
Creative Planning
Kansas
$43K – – –
BFEC
34
Benjamin F. Edwards & Company
Missouri
$43K +$29.2K +2,000 +200%
ACM
35
Aviance Capital Management
Florida
$41K +$42.7K +2,927 New
AIG
36
American International Group
New York
$28.3K – – –
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$24K – – –
CTC
38
Central Trust Company
Missouri
$4K – – –
RIA
39
Regal Investment Advisors
Michigan
$3K -$292 -20 -9%
AAM
40
Advisors Asset Management
Colorado
– -$646K -42,908 Closed
AC
41
Alexandria Capital
Virginia
– -$1K -90 Closed
CFA
42
Carroll Financial Associates
North Carolina
– +$190 +13 New
1
2

BGT Hedge Fund Activity: Q3 2013 in Review

41 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2013, worth a combined $38.4M — down 4.2% from $40.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BGT positions and 2 closed out — a net gain of 8 holders — while 11 added to existing stakes and 10 trimmed.

The largest buyer was Hunter Associates Investment Management, opening a new position worth an estimated $652K. The largest seller was Horizon Kinetics, cutting an estimated $974K.

  • 41 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2013, up from 33 in Q2 2013.
  • Funds reported $38.4M of BlackRock Floating Rate Income Trust stock for Q3 2013, down 4.2% quarter-over-quarter.
  • 10 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2013 and 2 closed out, a net change of +8 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2013 was Hunter Associates Investment Management, an estimated $652K added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2013 was Horizon Kinetics, an estimated $974K sold.

Based on aggregated 13F filings for Q3 2013.