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BlackRock Floating Rate Income Trust
BGT

59 hedge funds and large institutions have $77.8M invested in BlackRock Floating Rate Income Trust in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 18

3% less funds holding

Funds holding: 61 → 59 (-2)

3.68% less ownership

Funds ownership: 30.72% → 27.04% (-3.7%)

11% less capital invested

Capital invested by funds: $87.3M → $77.8M (-$9.5M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
59
Holders Change
-2
Holders Change %
-3.28%
% of All Funds
1.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
22
Reduced
18
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$3.22M
2
Morgan Stanley
Morgan Stanley
New York
+$2.01M
3
KAS
Kestra Advisory Services
Texas
+$762K
4
GC
Guggenheim Capital
Illinois
+$496K
5
SFS
Shaker Financial Services
Virginia
+$462K

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$9.81M
2
SCM
Saba Capital Management
New York
-$9.2M
3
BCM
Bourgeon Capital Management
Connecticut
-$339K
4
HAIM
Hunter Associates Investment Management
Pennsylvania
-$318K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
26
Pinnacle Associates
New York
$513K -$5.79K -458 -1%
Osaic Holdings
27
Osaic Holdings
Arizona
$480K +$156K +12,346 +49%
VEA
28
Virtus ETF Advisers
New York
$468K +$142K +11,218 +45%
SIC
29
Samalin Investment Counsel
New York
$421K -$42.4K -3,348 -9%
CIA
30
Capital Investment Advisors
Georgia
$420K – – –
Barclays
31
Barclays
United Kingdom
$326K +$303K +23,976 New
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$302K +$297K +23,499 New
HWAM
33
Hennion & Walsh Asset Management
New Jersey
$291K -$13.6K -1,076 -5%
Deutsche Bank
34
Deutsche Bank
Germany
$274K -$248K -19,583 -48%
CI
35
Conning Inc
Connecticut
$263K +$3.92K +310 +2%
FWM
36
Foresight Wealth Management
Utah
$247K +$243K +19,181 New
Northwestern Mutual Wealth Management
37
Northwestern Mutual Wealth Management
Wisconsin
$244K -$222K -17,568 -48%
SI
38
Stephens Inc
Arkansas
$235K – – –
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$231K -$3.14K -248 -1%
Rockefeller Capital Management
40
Rockefeller Capital Management
New York
$208K – – –
RT
41
Rockland Trust
Massachusetts
$168K +$17.4K +1,377 +12%
BCM
42
Bourgeon Capital Management
Connecticut
$165K -$339K -26,790 -68%
HKAM
43
Horizon Kinetics Asset Management
New York
$163K – – –
ICMP
44
Integrated Capital Management (Pennsylvania)
Pennsylvania
$158K +$18.3K +1,444 +13%
RJA
45
Raymond James & Associates
Florida
$155K -$2.34K -185 -2%
IC
46
IEQ Capital
California
$155K – – –
GWM
47
Geneos Wealth Management
Colorado
$152K -$1.26K -100 -0.8%
KPWS
48
Kestra Private Wealth Services
Texas
$148K – – –
HAIM
49
Hunter Associates Investment Management
Pennsylvania
$129K -$318K -25,156 -72%
OIA
50
Optimum Investment Advisors
Illinois
$129K -$101K -8,000 -44%
1
2
3

BGT Hedge Fund Activity: Q2 2021 in Review

59 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2021, worth a combined $77.8M — down 11% from $87.3M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of BGT and 4 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 22 added.

The largest buyer was Ameriprise, adding an estimated $3.22M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $9.81M sold.

  • 59 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2021, down from 61 in Q1 2021.
  • Funds reported $77.8M of BlackRock Floating Rate Income Trust stock for Q2 2021, down 11% quarter-over-quarter.
  • 4 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2021 and 6 closed out, a net change of -2 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q2 2021 was Ameriprise, an estimated $3.22M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q2 2021 was Baillie Gifford & Co, an estimated $9.81M sold.

Based on aggregated 13F filings for Q2 2021.