BlackRock Floating Rate Income Trust
BGT
68 hedge funds and large institutions have $78.8M invested in BlackRock Floating Rate Income Trust in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 9 closing their positions.
16% more capital invested
Capital invested by funds: $68.1M → $78.8M (+$10.7M)
1.71% more ownership
Funds ownership: 29.91% → 31.62% (+1.7%)
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
3% less funds holding
Funds holding: 70 → 68 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.34M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.92M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$910K |
| 4 |
BCM
Bourgeon Capital Management
Darien,
Connecticut
|
+$715K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$609K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VEA
Virtus ETF Advisers
New York
|
-$1.37M |
| 2 |
Morgan Stanley
New York
|
-$1.25M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.14M |
| 4 |
RVPG
Relative Value Partners Group
|
-$600K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$428K |
BGT Hedge Fund Activity: Q2 2020 in Review
68 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2020, worth a combined $78.8M — up 16% from $68.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BGT and 8 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 23 added.
The largest buyer was Saba Capital Management, adding an estimated $2.34M. The largest seller was Virtus ETF Advisers, cutting an estimated $1.37M.
- 68 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2020, down from 70 in Q1 2020.
- Funds reported $78.8M of BlackRock Floating Rate Income Trust stock for Q2 2020, up 16% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2020 and 9 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2020 was Saba Capital Management, an estimated $2.34M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2020 was Virtus ETF Advisers, an estimated $1.37M sold.
Based on aggregated 13F filings for Q2 2020.