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BlackRock Floating Rate Income Trust
BGT

71 hedge funds and large institutions have $81.3M invested in BlackRock Floating Rate Income Trust in 2018 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 16 increasing their positions, 27 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 8

22% more funds holding

Funds holding: 58 → 71 (+13)

4.88% more ownership

Funds ownership: 24.66% → 29.54% (+4.9%)

4% more capital invested

Capital invested by funds: $78.2M → $81.3M (+$3.1M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

41% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 27

Holders
71
Holders Change
+13
Holders Change %
+22.41%
% of All Funds
1.58%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
22
Increased
16
Reduced
27
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.33M
2
FIMG
Financial & Investment Management Group
Michigan
+$5.99M
3
1CP
1607 Capital Partners
Virginia
+$5.81M
4
RVPG
Relative Value Partners Group
+$2.65M
5
VF
Virtu Financial
New York
+$1.57M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$10.4M
2
CWM
Cornerstone Wealth Management
Missouri
-$1.36M
3
CS
Comerica Securities
Michigan
-$1.27M
4
Morgan Stanley
Morgan Stanley
New York
-$876K
5
GC
Guggenheim Capital
Illinois
-$855K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$616K +$667K +53,324 New
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$605K -$84.1K -6,725 -11%
PA
28
Pinnacle Associates
New York
$597K -$29.6K -2,366 -4%
CA
29
Cornerstone Advisory
Maryland
$578K +$250K +20,000 +67%
QGA
30
Q Global Advisors
Texas
$559K +$605K +48,356 New
WAM
31
Weiss Asset Management
Massachusetts
$524K +$567K +45,353 New
BFM
32
Boothbay Fund Management
New York
$522K +$565K +45,200 New
FWIA
33
Fort Washington Investment Advisors
Ohio
$495K -$536K -42,884 Closed
MIG
34
Mariner Investment Group
New York
$439K +$475K +37,996 New
CIA
35
Capital Investment Advisors
Georgia
$413K +$438 +35 +0.1%
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$321K -$168K -13,453 -33%
AA
37
AQR Arbitrage
Connecticut
$281K +$304K +24,337 New
ACI
38
Alpha Cubed Investments
California
$262K – – –
SI
39
Stephens Inc
Arkansas
$258K -$104K -8,285 -27%
SDAM
40
Shulman DeMeo Asset Management
New York
$254K +$275K +22,024 New
RJA
41
Raymond James & Associates
Florida
$219K +$27.5K +2,200 +13%
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$216K +$234K +18,720 New
OIA
43
Optimum Investment Advisors
Illinois
$209K -$12.5K -1,000 -5%
CI
44
Conning Inc
Connecticut
$199K +$4.23K +338 +2%
EPA
45
Element Pointe Advisors
Florida
$189K +$205K +16,393 New
SWM
46
SeaCrest Wealth Management
New York
$187K +$625 +50 +0.3%
Janney Montgomery Scott
47
Janney Montgomery Scott
Pennsylvania
$182K -$40.7K -3,250 -17%
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$181K +$196K +15,659 New
RT
49
Rockland Trust
Massachusetts
$180K -$179K -14,320 -48%
NL
50
NWAM LLC
Washington
$172K -$133K -10,638 -42%
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BGT Hedge Fund Activity: Q4 2018 in Review

71 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2018, worth a combined $81.3M — up 4% from $78.2M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BGT positions and 8 closed out — a net gain of 14 holders — while 16 added to existing stakes and 27 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.33M. The largest seller was Wells Fargo, cutting an estimated $10.4M.

  • 71 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2018, up from 58 in Q3 2018.
  • Funds reported $81.3M of BlackRock Floating Rate Income Trust stock for Q4 2018, up 4% quarter-over-quarter.
  • 22 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2018 and 8 closed out, a net change of +14 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q4 2018 was Rivernorth Capital Management, an estimated $6.33M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q4 2018 was Wells Fargo, an estimated $10.4M sold.

Based on aggregated 13F filings for Q4 2018.