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BlackRock Floating Rate Income Trust
BGT

62 hedge funds and large institutions have $79.2M invested in BlackRock Floating Rate Income Trust in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more capital invested

Capital invested by funds: $78.8M → $79.2M (+$355K)

0% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 20

0.56% less ownership

Funds ownership: 31.62% → 31.06% (-0.56%)

9% less funds holding

Funds holding: 68 → 62 (-6)

63% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 8

Holders
62
Holders Change
-6
Holders Change %
-8.82%
% of All Funds
1.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
20
Reduced
20
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.73M
2
Morgan Stanley
Morgan Stanley
New York
+$641K
3
Invesco
Invesco
Georgia
+$305K
4
CA
Cornerstone Advisory
Maryland
+$135K
5
Osaic Holdings
Osaic Holdings
Arizona
+$125K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.65M
2
CIA
Capital Investment Advisors
Georgia
-$465K
3
CRC
Curi RMB Capital
Illinois
-$450K
4
PPA
Parametric Portfolio Associates
Washington
-$409K
5
Wells Fargo
Wells Fargo
California
-$296K
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
26
Pinnacle Associates
New York
$599K +$67 +6 +0%
MIG
27
Mariner Investment Group
New York
$554K – – –
CRC
28
Curi RMB Capital
Illinois
$523K -$450K -39,978 -46%
SFS
29
Shaker Financial Services
Virginia
$432K -$33.7K -3,000 -7%
HAIM
30
Hunter Associates Investment Management
Pennsylvania
$416K +$574 +51 +0.1%
CIA
31
Capital Investment Advisors
Georgia
$380K -$465K -41,317 -55%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$370K +$754 +67 +0.2%
SIC
33
Samalin Investment Counsel
New York
$366K +$8.14K +724 +2%
Osaic Holdings
34
Osaic Holdings
Arizona
$350K +$125K +11,128 +55%
MC
35
Moors & Cabot
Massachusetts
$332K +$844 +75 +0.3%
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$277K +$34.6K +3,072 +14%
VEA
37
Virtus ETF Advisers
New York
$269K -$57.5K -5,109 -18%
SI
38
Stephens Inc
Arkansas
$264K -$35.5K -3,160 -12%
RJA
39
Raymond James & Associates
Florida
$223K -$81.3K -7,230 -27%
CI
40
Conning Inc
Connecticut
$219K +$4.39K +390 +2%
OIA
41
Optimum Investment Advisors
Illinois
$213K – – –
EW
42
Element Wealth
Mississippi
$209K +$20.8K +1,846 +11%
GWM
43
Geneos Wealth Management
Colorado
$195K – – –
KPWS
44
Kestra Private Wealth Services
Texas
$185K +$186K +16,500 New
Rockefeller Capital Management
45
Rockefeller Capital Management
New York
$181K – – –
NL
46
NWAM LLC
Washington
$169K +$1.83K +163 +1%
Janney Montgomery Scott
47
Janney Montgomery Scott
Pennsylvania
$151K – – –
HKAM
48
Horizon Kinetics Asset Management
New York
$142K – – –
ACI
49
Alpha Cubed Investments
California
$129K -$28.1K -2,500 -18%
RT
50
Rockland Trust
Massachusetts
$129K -$2.5K -222 -2%
1
2
3

BGT Hedge Fund Activity: Q3 2020 in Review

62 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2020, worth a combined $79.2M — up 0.45% from $78.8M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BGT and 3 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 20 added.

The largest buyer was Saba Capital Management, adding an estimated $2.73M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.65M.

  • 62 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2020, down from 68 in Q2 2020.
  • Funds reported $79.2M of BlackRock Floating Rate Income Trust stock for Q3 2020, up 0.45% quarter-over-quarter.
  • 3 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2020 and 8 closed out, a net change of -5 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2020 was Saba Capital Management, an estimated $2.73M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2020 was Rivernorth Capital Management, an estimated $2.65M sold.

Based on aggregated 13F filings for Q3 2020.