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BlackRock Floating Rate Income Trust
BGT

49 hedge funds and large institutions have $65.8M invested in BlackRock Floating Rate Income Trust in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more capital invested

Capital invested by funds: $64.4M → $65.8M (+$1.39M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.26% less ownership

Funds ownership: 20.91% → 20.66% (-0.26%)

14% less funds holding

Funds holding: 57 → 49 (-8)

17% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 18

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
49
Holders Change
-8
Holders Change %
-14.04%
% of All Funds
1.31%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
15
Reduced
18
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HNB
Huntington National Bank
Ohio
+$871K
2
TAM
Trust Asset Management
Texas
+$866K
3
MFS
MSI Financial Services
Massachusetts
+$779K
4
Cohen & Steers
Cohen & Steers
New York
+$622K
5
Wells Fargo
Wells Fargo
California
+$477K

Top Sellers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
-$997K
2
SG Americas Securities
SG Americas Securities
New York
-$546K
3
WA
WFG Advisors
Texas
-$458K
4
MIG
Mariner Investment Group
New York
-$442K
5
HK
Horizon Kinetics
New York
-$402K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$318K -$14.4K -1,089 -4%
RJT
27
Raymond James Trust
Florida
$310K +$304K +23,000 New
RJA
28
Raymond James & Associates
Florida
$300K +$43.5K +3,290 +17%
Citigroup
29
Citigroup
New York
$249K +$21.2K +1,603 +9%
ACM
30
Argentus Capital Management
Texas
$239K -$25.3K -1,915 -10%
RT
31
Rockland Trust
Massachusetts
$218K -$5.39K -407 -2%
YMRC
32
Yorktown Management & Research Company
Virginia
$216K +$212K +16,000 New
AGA
33
Accuvest Global Advisors
Utah
$198K -$123K -9,300 -39%
FIMG
34
Financial & Investment Management Group
Michigan
$191K -$997K -75,315 -84%
FFA
35
First Foundation Advisors
California
$174K – – –
ICAS
36
Investors Capital Advisory Services
Massachusetts
$173K – – –
PAA
37
Peregrine Asset Advisers
Oregon
$162K – – –
WS
38
Wedbush Securities
California
$156K +$252 +19 +0.2%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$146K -$33.8K -2,552 -19%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$100K +$31.8K +2,405 +48%
AIG
41
American International Group
New York
$71.4K -$23.8K -1,800 -25%
OIA
42
Optimum Investment Advisors
Illinois
$34K +$437 +33 +1%
AWM
43
Avior Wealth Management
Nebraska
$20K – – –
SIA
44
Stancorp Investment Advisers
Oregon
$17K +$16.3K +1,228 New
Creative Planning
45
Creative Planning
Kansas
$16K -$12.2K -920 -43%
CFA
46
Carroll Financial Associates
North Carolina
$14K – – –
LTFS
47
Ladenburg Thalmann Financial Services
Florida
$14K – – –
TRCT
48
Tower Research Capital (TRC)
New York
$8K +$7.94K +600 New
SG Americas Securities
49
SG Americas Securities
New York
– -$546K -42,453 Closed
WA
50
WFG Advisors
Texas
– -$458K -35,675 Closed
1
2
3

BGT Hedge Fund Activity: Q1 2015 in Review

49 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2015, worth a combined $65.8M — up 2.2% from $64.4M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of BGT and 8 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 15 added.

The largest buyer was Huntington National Bank, opening a new position worth an estimated $871K. The largest seller was Financial & Investment Management Group, cutting an estimated $997K.

  • 49 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2015, down from 57 in Q4 2014.
  • Funds reported $65.8M of BlackRock Floating Rate Income Trust stock for Q1 2015, up 2.2% quarter-over-quarter.
  • 8 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2015 and 15 closed out, a net change of -7 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q1 2015 was Huntington National Bank, an estimated $871K added.
  • The largest BlackRock Floating Rate Income Trust seller in Q1 2015 was Financial & Investment Management Group, an estimated $997K sold.

Based on aggregated 13F filings for Q1 2015.