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BlackRock Floating Rate Income Trust
BGT

61 hedge funds and large institutions have $87.3M invested in BlackRock Floating Rate Income Trust in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 61 → 61 (0)

0% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 11

3% less capital invested

Capital invested by funds: $89.8M → $87.3M (-$2.57M)

2.84% less ownership

Funds ownership: 33.55% → 30.72% (-2.8%)

23% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 22

Holders
61
Holders Change
–
Holders Change %
0%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
17
Reduced
22
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WW
Waterfront Wealth
Kansas
+$2.11M
2
SFS
Shaker Financial Services
Virginia
+$1.57M
3
1CP
1607 Capital Partners
Virginia
+$896K
4
Bank of America
Bank of America
North Carolina
+$685K
5
Ameriprise
Ameriprise
Minnesota
+$553K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$8.19M
2
CBA
Coastal Bridge Advisors
Connecticut
-$2.07M
3
Morgan Stanley
Morgan Stanley
New York
-$1.19M
4
KAS
Kestra Advisory Services
Texas
-$697K
5
Wells Fargo
Wells Fargo
California
-$665K
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$511K +$504K +40,861 New
PA
27
Pinnacle Associates
New York
$505K -$37K -2,995 -7%
BCM
28
Bourgeon Capital Management
Connecticut
$496K -$340K -27,521 -41%
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$457K +$73.7K +5,977 +20%
SIC
30
Samalin Investment Counsel
New York
$451K +$15.2K +1,230 +4%
HAIM
31
Hunter Associates Investment Management
Pennsylvania
$440K +$506 +41 +0.1%
CIA
32
Capital Investment Advisors
Georgia
$408K – – –
KAS
33
Kestra Advisory Services
Texas
$340K -$697K -56,503 -68%
VEA
34
Virtus ETF Advisers
New York
$315K +$46.2K +3,745 +17%
Osaic Holdings
35
Osaic Holdings
Arizona
$313K -$26K -2,111 -8%
HWAM
36
Hennion & Walsh Asset Management
New Jersey
$297K +$293K +23,714 New
CI
37
Conning Inc
Connecticut
$252K +$2.58K +209 +1%
SI
38
Stephens Inc
Arkansas
$229K -$21.3K -1,725 -9%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$227K -$4.13K -335 -2%
OIA
40
Optimum Investment Advisors
Illinois
$225K -$7.4K -600 -3%
Rockefeller Capital Management
41
Rockefeller Capital Management
New York
$202K – – –
SFS
42
Sowell Financial Services
Arkansas
$161K +$156K +12,672 New
HKAM
43
Horizon Kinetics Asset Management
New York
$159K – – –
RJA
44
Raymond James & Associates
Florida
$153K -$47.4K -3,843 -24%
IC
45
IEQ Capital
California
$150K +$148K +12,029 New
GWM
46
Geneos Wealth Management
Colorado
$149K – – –
RT
47
Rockland Trust
Massachusetts
$146K +$4.97K +403 +4%
KPWS
48
Kestra Private Wealth Services
Texas
$144K -$61.7K -5,000 -30%
ICMP
49
Integrated Capital Management (Pennsylvania)
Pennsylvania
$137K +$135K +10,913 New
Qube Research & Technologies (QRT)
50
Qube Research & Technologies (QRT)
United Kingdom
$130K +$128K +10,401 New
1
2
3

BGT Hedge Fund Activity: Q1 2021 in Review

61 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2021, worth a combined $87.3M — down 2.9% from $89.8M a quarter earlier.

Fund positioning in BGT was balanced in Q1 2021: 11 funds opened new positions, 11 closed out, 17 added to existing stakes and 22 trimmed.

The largest buyer was Waterfront Wealth, opening a new position worth an estimated $2.11M. The largest seller was Saba Capital Management, cutting an estimated $8.19M.

  • 61 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2021, unchanged from Q4 2020.
  • Funds reported $87.3M of BlackRock Floating Rate Income Trust stock for Q1 2021, down 2.9% quarter-over-quarter.
  • 11 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2021 and 11 closed out, a net change of 0 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q1 2021 was Waterfront Wealth, an estimated $2.11M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q1 2021 was Saba Capital Management, an estimated $8.19M sold.

Based on aggregated 13F filings for Q1 2021.