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BlackRock Floating Rate Income Trust
BGT

74 hedge funds and large institutions have $92.5M invested in BlackRock Floating Rate Income Trust in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 22

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

7% more capital invested

Capital invested by funds: $86.6M → $92.5M (+$5.87M)

3.76% more ownership

Funds ownership: 29.97% → 33.73% (+3.8%)

0% more funds holding

Funds holding: 74 → 74 (0)

Holders
74
Holders Change
–
Holders Change %
0%
% of All Funds
1.61%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
8
Increased
27
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$7.78M
2
VEA
Virtus ETF Advisers
New York
+$2.21M
3
1CP
1607 Capital Partners
Virginia
+$974K
4
RCM
Robinson Capital Management
Michigan
+$959K
5
Morgan Stanley
Morgan Stanley
New York
+$877K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.76M
2
SFS
Shaker Financial Services
Virginia
-$1.33M
3
CRC
Curi RMB Capital
Illinois
-$531K
4
Bank of America
Bank of America
North Carolina
-$480K
5
Millennium Management
Millennium Management
New York
-$462K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$643K +$345K +27,695 +115%
PA
27
Pinnacle Associates
New York
$614K -$3.07K -247 -0.5%
FWIA
28
Fort Washington Investment Advisors
Ohio
$533K – – –
AA
29
AQR Arbitrage
Connecticut
$527K +$14.9K +1,200 +3%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$524K +$24.4K +1,959 +5%
6M
31
6 Meridian
Kansas
$461K +$462K +37,100 New
MC
32
Matisse Capital
Oregon
$443K – – –
Cohen & Steers
33
Cohen & Steers
New York
$440K – – –
CIA
34
Capital Investment Advisors
Georgia
$432K +$9.99K +803 +2%
SXL
35
Summit X LLC
Missouri
$419K -$55.8K -4,487 -12%
ICM
36
Ionic Capital Management
New York
$409K +$410K +32,910 New
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$395K +$46K +3,695 +13%
BFM
38
Boothbay Fund Management
New York
$378K -$94K -7,555 -20%
AC
39
Almitas Capital
California
$358K +$358K +28,792 New
LCM
40
Landscape Capital Management
New Jersey
$343K -$38.1K -3,062 -10%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$333K +$328K +26,328 +5,638%
CS
42
Comerica Securities
Michigan
$328K +$329K +26,439 New
OIA
43
Optimum Investment Advisors
Illinois
$279K +$74.7K +6,000 +36%
PAS
44
Park Avenue Securities
New York
$275K +$34.8K +2,794 +14%
SDAM
45
Shulman DeMeo Asset Management
New York
$269K -$2.63K -211 -1%
SI
46
Stephens Inc
Arkansas
$245K -$32K -2,570 -12%
SFS
47
Shaker Financial Services
Virginia
$235K -$1.33M -107,133 -85%
CI
48
Conning Inc
Connecticut
$220K +$3.23K +260 +1%
GWM
49
Geneos Wealth Management
Colorado
$216K +$34.8K +2,800 +19%
EPA
50
Element Pointe Advisors
Florida
$211K – – –
1
2
3 4

BGT Hedge Fund Activity: Q2 2019 in Review

74 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2019, worth a combined $92.5M — up 6.8% from $86.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BGT positions and 7 closed out — a net gain of 1 holder — while 27 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $7.78M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.76M.

  • 74 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2019, unchanged from Q1 2019.
  • Funds reported $92.5M of BlackRock Floating Rate Income Trust stock for Q2 2019, up 6.8% quarter-over-quarter.
  • 8 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2019 and 7 closed out, a net change of +1 holder.
  • The largest BlackRock Floating Rate Income Trust buyer in Q2 2019 was Saba Capital Management, an estimated $7.78M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q2 2019 was Rivernorth Capital Management, an estimated $3.76M sold.

Based on aggregated 13F filings for Q2 2019.