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BlackRock Floating Rate Income Trust
BGT

42 hedge funds and large institutions have $55.9M invested in BlackRock Floating Rate Income Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.22% less ownership

Funds ownership: 16.85% → 16.63% (-0.22%)

1% less capital invested

Capital invested by funds: $56.8M → $55.9M (-$841K)

7% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 15

9% less funds holding

Funds holding: 46 → 42 (-4)

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Holders
42
Holders Change
-4
Holders Change %
-8.7%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
14
Reduced
15
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$1.47M
2
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$1.22M
3
Invesco
Invesco
Georgia
+$408K
4
CA
Cornerstone Advisors
North Carolina
+$258K
5
DA
Doliver Advisors
Texas
+$198K

Top Sellers

Rank Fund Capital Flow
1
IHL
Investment House LLC
California
-$1.16M
2
ARC
Absolute Return Capital
Massachusetts
-$810K
3
HAIM
Hunter Associates Investment Management
Pennsylvania
-$679K
4
Morgan Stanley
Morgan Stanley
New York
-$512K
5
MIG
Mariner Investment Group
New York
-$428K
Name Holding Trade Value Shares
Change 		Change in
Stake
ICAS
26
Investors Capital Advisory Services
Massachusetts
$232K -$19.2K -1,371 -8%
ACM
27
Argentus Capital Management
Texas
$208K +$56.3K +4,008 +38%
DA
28
Doliver Advisors
Texas
$201K +$198K +14,131 New
FFA
29
First Foundation Advisors
California
$183K – – –
PAA
30
Peregrine Asset Advisers
Oregon
$171K +$168K +12,000 New
WS
31
Wedbush Securities
California
$164K +$140 +10 +0.1%
Barclays
32
Barclays
United Kingdom
$156K +$103K +7,332 +188%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$72K – – –
OIA
34
Optimum Investment Advisors
Illinois
$37K +$36.1K +2,572 New
MFS
35
MSI Financial Services
Massachusetts
$32K -$6.6K -470 -17%
BFEC
36
Benjamin F. Edwards & Company
Missouri
$28K – – –
CTC
37
Central Trust Company
Missouri
$28K +$28.1K +2,000 New
AIG
38
American International Group
New York
$21.3K +$7.02K +500 +50%
AWM
39
Avior Wealth Management
Nebraska
$21K – – –
Creative Planning
40
Creative Planning
Kansas
$7K – – –
IHL
41
Investment House LLC
California
– -$1.16M -81,670 Closed
ARC
42
Absolute Return Capital
Massachusetts
– -$810K -56,873 Closed
HAIM
43
Hunter Associates Investment Management
Pennsylvania
– -$679K -47,700 Closed
PPA
44
Parametric Portfolio Associates
Washington
– -$335K -23,544 Closed
RCM
45
Rivernorth Capital Management
Florida
– -$331K -23,260 Closed
FNYS
46
First New York Securities
New York
– -$58K -4,068 Closed
TRCT
47
Tower Research Capital (TRC)
New York
– -$40K -2,800 Closed
MA
48
MUFG Americas
New York
– -$1K -45 Closed
1
2

BGT Hedge Fund Activity: Q2 2014 in Review

42 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2014, worth a combined $55.9M — down 1.5% from $56.8M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of BGT and 5 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 14 added.

The largest buyer was UBS, adding an estimated $1.47M. The largest seller was Investment House LLC, exiting entirely with an estimated $1.16M sold.

  • 42 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2014, down from 46 in Q1 2014.
  • Funds reported $55.9M of BlackRock Floating Rate Income Trust stock for Q2 2014, down 1.5% quarter-over-quarter.
  • 5 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2014 and 9 closed out, a net change of -4 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q2 2014 was UBS, an estimated $1.47M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q2 2014 was Investment House LLC, an estimated $1.16M sold.

Based on aggregated 13F filings for Q2 2014.