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BlackRock Floating Rate Income Trust
BGT

60 hedge funds and large institutions have $70.2M invested in BlackRock Floating Rate Income Trust in 2015 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 3

33% more funds holding

Funds holding: 45 → 60 (+15)

17% more capital invested

Capital invested by funds: $59.8M → $70.2M (+$10.4M)

3.42% more ownership

Funds ownership: 20.13% → 23.56% (+3.4%)

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

Holders
60
Holders Change
+15
Holders Change %
+33.33%
% of All Funds
1.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
16
Reduced
15
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$3.55M
2
AAM
Advisors Asset Management
Colorado
+$1.1M
3
Bank of America
Bank of America
North Carolina
+$1.02M
4
FWIA
Fort Washington Investment Advisors
Ohio
+$966K
5
LPL Financial
LPL Financial
California
+$876K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$1.78M
2
GC
Guggenheim Capital
Illinois
-$970K
3
ZIG
Zuckerman Investment Group
Illinois
-$886K
4
FIMG
Financial & Investment Management Group
Michigan
-$468K
5
Morgan Stanley
Morgan Stanley
New York
-$325K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AQR Arbitrage
Connecticut
$464K +$73.6K +5,844 +19%
LCM
27
Landscape Capital Management
New Jersey
$443K +$162K +12,849 +57%
NL
28
NWAM LLC
Washington
$435K +$438K +34,801 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$425K +$429K +34,019 New
SG Americas Securities
30
SG Americas Securities
New York
$411K +$414K +32,864 New
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$350K -$7.36K -584 -2%
PPA
32
Parametric Portfolio Associates
Washington
$348K +$350K +27,817 New
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$343K +$16.7K +1,323 +5%
Squarepoint
34
Squarepoint
New York
$301K +$304K +24,100 New
RJT
35
Raymond James Trust
Florida
$288K – – –
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$259K +$139 +11 +0.1%
ICAS
37
Investors Capital Advisory Services
Massachusetts
$225K -$24.5K -1,948 -10%
WAM
38
Weiss Asset Management
Massachusetts
$212K +$213K +16,942 New
RT
39
Rockland Trust
Massachusetts
$202K – – –
SPC
40
Sigma Planning Corp
Michigan
$195K -$89.5K -7,100 -31%
KIG
41
Kovitz Investment Group
Illinois
$195K +$196K +15,585 New
FIMG
42
Financial & Investment Management Group
Michigan
$187K -$468K -37,175 -71%
AGA
43
Accuvest Global Advisors
Utah
$184K – – –
ACI
44
Alpha Cubed Investments
California
$181K +$19.7K +1,565 +12%
CA
45
Cornerstone Advisory
Maryland
$181K +$183K +14,500 New
VFS
46
VSR Financial Services
Kansas
$169K -$16.6K -1,318 -9%
FFA
47
First Foundation Advisors
California
$161K – – –
HPWM
48
Highland Private Wealth Management
Washington
$160K +$162K +12,842 New
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$117K -$1.41K -112 -1%
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$80K +$265 +21 +0.3%
1
2
3

BGT Hedge Fund Activity: Q4 2015 in Review

60 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2015, worth a combined $70.2M — up 17% from $59.8M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new BGT positions and 3 closed out — a net gain of 15 holders — while 16 added to existing stakes and 15 trimmed.

The largest buyer was Wells Fargo, adding an estimated $3.55M. The largest seller was Mariner Investment Group, cutting an estimated $1.78M.

  • 60 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2015, up from 45 in Q3 2015.
  • Funds reported $70.2M of BlackRock Floating Rate Income Trust stock for Q4 2015, up 17% quarter-over-quarter.
  • 18 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2015 and 3 closed out, a net change of +15 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q4 2015 was Wells Fargo, an estimated $3.55M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q4 2015 was Mariner Investment Group, an estimated $1.78M sold.

Based on aggregated 13F filings for Q4 2015.