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BlackRock Floating Rate Income Trust
BGT

38 hedge funds and large institutions have $55.8M invested in BlackRock Floating Rate Income Trust in 2014 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 9

0.24% more ownership

Funds ownership: 16.63% → 16.88% (+0.24%)

0% less capital invested

Capital invested by funds: $55.9M → $55.8M (-$87.4K)

10% less funds holding

Funds holding: 42 → 38 (-4)

80% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 5

Holders
38
Holders Change
-4
Holders Change %
-9.52%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
17
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$941K
2
Invesco
Invesco
Georgia
+$561K
3
GC
Guggenheim Capital
Illinois
+$456K
4
VKH
Virtu KCG Holdings
New York
+$286K
5
AIG
American International Group
New York
+$110K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$668K
2
Morgan Stanley
Morgan Stanley
New York
-$407K
3
CA
Cornerstone Advisors
North Carolina
-$261K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$234K
5
DA
Doliver Advisors
Texas
-$201K
Name Holding Trade Value Shares
Change 		Change in
Stake
ICAS
26
Investors Capital Advisory Services
Massachusetts
$195K -$30.7K -2,200 -13%
FFA
27
First Foundation Advisors
California
$178K – – –
PAA
28
Peregrine Asset Advisers
Oregon
$166K – – –
WS
29
Wedbush Securities
California
$159K +$209 +15 +0.1%
Barclays
30
Barclays
United Kingdom
$152K +$5.62K +403 +4%
AIG
31
American International Group
New York
$130K +$110K +7,900 +527%
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$70K – – –
OIA
33
Optimum Investment Advisors
Illinois
$33K -$892 -64 -2%
MFS
34
MSI Financial Services
Massachusetts
$31K – – –
BFEC
35
Benjamin F. Edwards & Company
Missouri
$28K – – –
Creative Planning
36
Creative Planning
Kansas
$23K +$16.7K +1,201 +240%
AWM
37
Avior Wealth Management
Nebraska
$21K – – –
CFA
38
Carroll Financial Associates
North Carolina
$13K +$13.9K +1,000 +7,692%
MIG
39
Mariner Investment Group
New York
– -$668K -47,037 Closed
CA
40
Cornerstone Advisors
North Carolina
– -$261K -18,387 Closed
Janney Montgomery Scott
41
Janney Montgomery Scott
Pennsylvania
– -$234K -16,457 Closed
DA
42
Doliver Advisors
Texas
– -$201K -14,131 Closed
CTC
43
Central Trust Company
Missouri
– -$28K -2,000 Closed
1
2

BGT Hedge Fund Activity: Q3 2014 in Review

38 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2014, worth a combined $55.8M — down 0.16% from $55.9M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of BGT and 1 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 17 added.

The largest buyer was UBS, adding an estimated $941K. The largest seller was Mariner Investment Group, exiting entirely with an estimated $668K sold.

  • 38 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2014, down from 42 in Q2 2014.
  • Funds reported $55.8M of BlackRock Floating Rate Income Trust stock for Q3 2014, down 0.16% quarter-over-quarter.
  • 1 fund opened new BlackRock Floating Rate Income Trust positions in Q3 2014 and 5 closed out, a net change of -4 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2014 was UBS, an estimated $941K added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2014 was Mariner Investment Group, an estimated $668K sold.

Based on aggregated 13F filings for Q3 2014.