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BlackRock Floating Rate Income Trust
BGT

50 hedge funds and large institutions have $83.5M invested in BlackRock Floating Rate Income Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $77.7M → $83.5M (+$5.88M)

0.81% more ownership

Funds ownership: 24.61% → 25.41% (+0.81%)

0% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 18

7% less funds holding

Funds holding: 54 → 50 (-4)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
50
Holders Change
-4
Holders Change %
-7.41%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
18
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$877K
2
Wells Fargo
Wells Fargo
California
+$830K
3
Invesco
Invesco
Georgia
+$780K
4
GC
Guggenheim Capital
Illinois
+$584K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$484K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$465K
2
HK
Horizon Kinetics
New York
-$432K
3
RJT
Raymond James Trust
Florida
-$298K
4
SFS
Shaker Financial Services
Virginia
-$250K
5
DA
Doliver Advisors
Texas
-$183K
Name Holding Trade Value Shares
Change 		Change in
Stake
JIP
26
Jaffetilchin Investment Partners
Florida
$625K +$7.97K +603 +1%
1CP
27
1607 Capital Partners
Virginia
$531K -$1.32K -100 -0.3%
CIA
28
Capital Investment Advisors
Georgia
$496K -$11.8K -895 -2%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$495K +$484K +36,603 New
NL
30
NWAM LLC
Washington
$450K +$1.22K +92 +0.3%
COLIM
31
City of London Investment Management
United Kingdom
$400K – – –
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$384K -$25.7K -1,941 -6%
Janney Montgomery Scott
33
Janney Montgomery Scott
Pennsylvania
$356K +$348K +26,321 New
RT
34
Rockland Trust
Massachusetts
$320K +$25.9K +1,962 +9%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$228K -$25.7K -1,944 -10%
Bank of New York Mellon
36
Bank of New York Mellon
New York
$189K +$26 +2 +0%
RJA
37
Raymond James & Associates
Florida
$178K +$4.63K +350 +3%
FFA
38
First Foundation Advisors
California
$175K – – –
CA
39
Cornerstone Advisory
Maryland
$172K +$952 +72 +0.6%
SPC
40
Sigma Planning Corp
Michigan
$149K -$49.7K -3,760 -25%
GWM
41
Geneos Wealth Management
Colorado
$136K – – –
AG
42
Advisor Group
Arizona
$92K -$6.61K -500 -7%
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$89K +$264 +20 +0.3%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$71K -$51.8K -3,920 -43%
Creative Planning
45
Creative Planning
Kansas
$44K – – –
ASN
46
Advisory Services Network
Georgia
$5K – – –
IA
47
IFP Advisors
Florida
$4K -$3.31K -250 -45%
PCM
48
Penserra Capital Management
California
$4K +$1.02K +77 +31%
HW
49
Hedeker Wealth
Illinois
$1.91K +$331 +25 New
RJT
50
Raymond James Trust
Florida
– -$298K -23,000 Closed
1
2
3

BGT Hedge Fund Activity: Q3 2016 in Review

50 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2016, worth a combined $83.5M — up 7.6% from $77.7M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of BGT and 4 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 18 added.

The largest buyer was Morgan Stanley, adding an estimated $877K. The largest seller was UBS Group, cutting an estimated $465K.

  • 50 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2016, down from 54 in Q2 2016.
  • Funds reported $83.5M of BlackRock Floating Rate Income Trust stock for Q3 2016, up 7.6% quarter-over-quarter.
  • 4 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2016 and 7 closed out, a net change of -3 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2016 was Morgan Stanley, an estimated $877K added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2016 was UBS Group, an estimated $465K sold.

Based on aggregated 13F filings for Q3 2016.