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BlackRock Floating Rate Income Trust
BGT

57 hedge funds and large institutions have $64.4M invested in BlackRock Floating Rate Income Trust in 2014 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,000% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 1

50% more funds holding

Funds holding: 38 → 57 (+19)

23% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 13

15% more capital invested

Capital invested by funds: $55.8M → $64.4M (+$8.61M)

4.04% more ownership

Funds ownership: 16.88% → 20.91% (+4%)

Holders
57
Holders Change
+19
Holders Change %
+50%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
21
Increased
16
Reduced
13
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.34M
2
MIG
Mariner Investment Group
New York
+$2.85M
3
TAM
Trust Asset Management
Texas
+$1.58M
4
FIMG
Financial & Investment Management Group
Michigan
+$1.18M
5
SG Americas Securities
SG Americas Securities
New York
+$558K

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$457K
2
PA
Pinnacle Associates
New York
-$255K
3
Barclays
Barclays
United Kingdom
-$152K
4
HK
Horizon Kinetics
New York
-$106K
5
Wells Fargo
Wells Fargo
California
-$60.8K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$318K -$25.8K -1,960 -7%
AGA
27
Accuvest Global Advisors
Utah
$308K +$316K +24,000 New
LCM
28
Laurion Capital Management
New York
$303K +$310K +23,545 New
VKH
29
Virtu KCG Holdings
New York
$285K +$21.5K +1,637 +8%
CAS
30
CTC Alternative Strategies
Illinois
$262K +$268K +20,360 New
LCM
31
Landscape Capital Management
New Jersey
$260K +$266K +20,264 New
ACM
32
Argentus Capital Management
Texas
$253K +$66.4K +5,050 +35%
RJA
33
Raymond James & Associates
Florida
$244K +$249K +18,952 New
Citigroup
34
Citigroup
New York
$217K +$223K +16,944 New
RT
35
Rockland Trust
Massachusetts
$213K -$33.2K -2,524 -13%
AQR Capital Management
36
AQR Capital Management
Connecticut
$197K +$201K +15,317 New
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$172K -$457K -34,792 -72%
FFA
38
First Foundation Advisors
California
$166K – – –
ICAS
39
Investors Capital Advisory Services
Massachusetts
$165K -$16.6K -1,263 -9%
PAA
40
Peregrine Asset Advisers
Oregon
$154K – – –
WS
41
Wedbush Securities
California
$148K +$197 +15 +0.1%
SFS
42
Shaker Financial Services
Virginia
$146K +$150K +11,380 New
Goldman Sachs
43
Goldman Sachs
New York
$142K +$145K +11,043 New
TC
44
TradeLink Capital
Illinois
$94K +$96K +7,300 New
AIG
45
American International Group
New York
$91.2K -$30.2K -2,300 -24%
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$64K – – –
PAM
47
Panagora Asset Management
Massachusetts
$39K +$40.2K +3,057 New
OIA
48
Optimum Investment Advisors
Illinois
$32K +$250 +19 +0.8%
Creative Planning
49
Creative Planning
Kansas
$27K +$5.52K +420 +25%
MFS
50
MSI Financial Services
Massachusetts
$25K -$3.29K -250 -11%
1
2
3

BGT Hedge Fund Activity: Q4 2014 in Review

57 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2014, worth a combined $64.4M — up 15% from $55.8M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BGT positions and 1 closed out — a net gain of 20 holders — while 16 added to existing stakes and 13 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.34M. The largest seller was Royal Bank of Canada, cutting an estimated $457K.

  • 57 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2014, up from 38 in Q3 2014.
  • Funds reported $64.4M of BlackRock Floating Rate Income Trust stock for Q4 2014, up 15% quarter-over-quarter.
  • 21 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2014 and 1 closed out, a net change of +20 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q4 2014 was Morgan Stanley, an estimated $3.34M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q4 2014 was Royal Bank of Canada, an estimated $457K sold.

Based on aggregated 13F filings for Q4 2014.