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BlackRock Floating Rate Income Trust
BGT

46 hedge funds and large institutions have $45.3M invested in BlackRock Floating Rate Income Trust in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

18% more capital invested

Capital invested by funds: $38.4M → $45.3M (+$6.93M)

12% more funds holding

Funds holding: 41 → 46 (+5)

2.27% more ownership

Funds ownership: 11.45% → 13.72% (+2.3%)

33% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 15

Holders
46
Holders Change
+5
Holders Change %
+12.2%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
10
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$9.12M
2
IHL
Investment House LLC
California
+$952K
3
WAM
Wolverine Asset Management
Illinois
+$823K
4
PP
Paloma Partners
Connecticut
+$476K
5
TRCT
Tower Research Capital (TRC)
New York
+$334K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.46M
2
Invesco
Invesco
Georgia
-$1.4M
3
Ameriprise
Ameriprise
Minnesota
-$792K
4
U
UBS
Switzerland
-$520K
5
Wells Fargo
Wells Fargo
California
-$480K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
WFG Advisors
Texas
$332K +$4.91K +350 +1%
TRCT
27
Tower Research Capital (TRC)
New York
$332K +$334K +23,782 New
SG Americas Securities
28
SG Americas Securities
New York
$275K +$277K +19,705 New
RT
29
Rockland Trust
Massachusetts
$266K +$23.9K +1,700 +10%
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$225K – – –
ICAS
31
Investors Capital Advisory Services
Massachusetts
$191K +$3.7K +264 +2%
FNYS
32
First New York Securities
New York
$182K +$182K +13,004 New
FFA
33
First Foundation Advisors
California
$180K – – –
PAA
34
Peregrine Asset Advisers
Oregon
$168K – – –
SCM
35
Saba Capital Management
New York
$162K +$163K +11,600 New
WS
36
Wedbush Securities
California
$161K +$161K +11,500 New
VKH
37
Virtu KCG Holdings
New York
$143K +$143K +10,222 New
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$100K – – –
MFS
39
MSI Financial Services
Massachusetts
$45K -$1.4K -100 -3%
BFEC
40
Benjamin F. Edwards & Company
Missouri
$28K -$14K -1,000 -33%
AIG
41
American International Group
New York
$27.9K – – –
ACM
42
Aviance Capital Management
Florida
$25K -$15.7K -1,122 -38%
TF
43
Tompkins Financial
New York
$17K +$17.5K +1,250 New
MA
44
MUFG Americas
New York
$1K +$631 +45 New
Ameriprise
45
Ameriprise
Minnesota
– -$792K -55,887 Closed
DA
46
Doliver Advisors
Texas
– -$358K -25,298 Closed
Citigroup
47
Citigroup
New York
– -$191K -13,589 -100%
Creative Planning
48
Creative Planning
Kansas
– -$43K -3,040 Closed
LTFS
49
Ladenburg Thalmann Financial Services
Florida
– -$24K -1,700 Closed
CTC
50
Central Trust Company
Missouri
– -$4K -315 Closed
1
2
3

BGT Hedge Fund Activity: Q4 2013 in Review

46 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2013, worth a combined $45.3M — up 18% from $38.4M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BGT positions and 7 closed out — a net gain of 5 holders — while 10 added to existing stakes and 15 trimmed.

The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $9.12M. The largest seller was Guggenheim Capital, cutting an estimated $1.46M.

  • 46 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2013, up from 41 in Q3 2013.
  • Funds reported $45.3M of BlackRock Floating Rate Income Trust stock for Q4 2013, up 18% quarter-over-quarter.
  • 12 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2013 and 7 closed out, a net change of +5 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q4 2013 was Baillie Gifford & Co, an estimated $9.12M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q4 2013 was Guggenheim Capital, an estimated $1.46M sold.

Based on aggregated 13F filings for Q4 2013.