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BlackRock Floating Rate Income Trust
BGT

48 hedge funds and large institutions have $79.2M invested in BlackRock Floating Rate Income Trust in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

20% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 15

2% more funds holding

Funds holding: 47 → 48 (+1)

1% more capital invested

Capital invested by funds: $78.2M → $79.2M (+$978K)

0.06% more ownership

Funds ownership: 22.95% → 23.02% (+0.06%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
48
Holders Change
+1
Holders Change %
+2.13%
% of All Funds
1.2%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
18
Reduced
15
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JIP
Jaffetilchin Investment Partners
Florida
+$674K
2
CBA
Coastal Bridge Advisors
Connecticut
+$532K
3
Wells Fargo
Wells Fargo
California
+$501K
4
Ameriprise
Ameriprise
Minnesota
+$391K
5
Bank of America
Bank of America
North Carolina
+$367K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.06M
2
LCM
Laurion Capital Management
New York
-$937K
3
Invesco
Invesco
Georgia
-$332K
4
GC
Guggenheim Capital
Illinois
-$265K
5
Cohen & Steers
Cohen & Steers
New York
-$161K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$408K +$3.73K +270 +0.9%
NL
27
NWAM LLC
Washington
$390K +$1.27K +92 +0.3%
ACI
28
Alpha Cubed Investments
California
$334K +$49.7K +3,600 +18%
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$310K +$303K +21,963 New
AG
30
Advisor Group
Arizona
$277K -$33.7K -2,437 -11%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$268K -$119K -8,600 -31%
HK
32
Horizon Kinetics
New York
$215K -$72K -5,212 -26%
WS
33
Wedbush Securities
California
$214K – – –
GWM
34
Geneos Wealth Management
Colorado
$211K +$10.1K +734 +5%
DA
35
Doliver Advisors
Texas
$209K +$205K +14,817 New
RJFSA
36
Raymond James Financial Services Advisors
Florida
$185K -$30.6K -2,215 -14%
FFA
37
First Foundation Advisors
California
$182K – – –
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$99K +$345 +25 +0.4%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$62K -$2.9K -210 -5%
AOWM
40
Alpha Omega Wealth Management
Virginia
$51K – – –
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$38K +$16.6K +1,200 +80%
PCM
42
Penserra Capital Management
California
$36K +$31.4K +2,272 +662%
Citigroup
43
Citigroup
New York
$34K +$33.4K +2,419 New
BTIS
44
BB&T Investment Services
North Carolina
$9K – – –
ASN
45
Advisory Services Network
Georgia
$6K – – –
IA
46
IFP Advisors
Florida
$4K – – –
SEI Investments
47
SEI Investments
Pennsylvania
$4K +$1.31K +95 New
LCM
48
Laurion Capital Management
New York
– -$937K -67,086 Closed
Creative Planning
49
Creative Planning
Kansas
– -$37K -2,631 Closed
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
– -$20K -1,450 Closed
1
2

BGT Hedge Fund Activity: Q3 2017 in Review

48 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2017, worth a combined $79.2M — up 1.3% from $78.2M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new BGT positions and 3 closed out — a net gain of 2 holders — while 18 added to existing stakes and 15 trimmed.

The largest buyer was Jaffetilchin Investment Partners, opening a new position worth an estimated $674K. The largest seller was Morgan Stanley, cutting an estimated $1.06M.

  • 48 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2017, up from 47 in Q2 2017.
  • Funds reported $79.2M of BlackRock Floating Rate Income Trust stock for Q3 2017, up 1.3% quarter-over-quarter.
  • 5 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2017 and 3 closed out, a net change of +2 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2017 was Jaffetilchin Investment Partners, an estimated $674K added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2017 was Morgan Stanley, an estimated $1.06M sold.

Based on aggregated 13F filings for Q3 2017.