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BlackRock Floating Rate Income Trust
BGT

59 hedge funds and large institutions have $76.4M invested in BlackRock Floating Rate Income Trust in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $72.4M → $76.4M (+$3.95M)

0.29% more ownership

Funds ownership: 28.98% → 29.27% (+0.29%)

3% less funds holding

Funds holding: 61 → 59 (-2)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

20% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 20

Holders
59
Holders Change
-2
Holders Change %
-3.28%
% of All Funds
0.93%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
16
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MML Investors Services
MML Investors Services
Massachusetts
+$1.04M
2
AWM
AE Wealth Management
Kansas
+$998K
3
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$607K
4
AAM
Advisors Asset Management
Colorado
+$517K
5
LPL Financial
LPL Financial
California
+$307K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.94M
2
SFS
Shaker Financial Services
Virginia
-$1.78M
3
LSC
Logan Stone Capital
Illinois
-$1.13M
4
GC
Guggenheim Capital
Illinois
-$488K
5
WAM
Wolverine Asset Management
Illinois
-$344K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$624K -$59.2K -5,239 -9%
CA
27
Cornerstone Advisory
Maryland
$583K – – –
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$476K +$7.81K +691 +2%
PA
29
Pinnacle Associates
New York
$440K +$113 +10 +0%
JRCM
30
Jones Road Capital Management
New York
$435K – – –
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$379K +$51.4K +4,544 +16%
HAIM
32
Hunter Associates Investment Management
Pennsylvania
$303K -$11.3K -1,000 -4%
SIC
33
Samalin Investment Counsel
New York
$302K -$50.3K -4,446 -15%
SCA
34
Snowden Capital Advisors
New York
$299K -$3.06K -271 -1%
Qube Research & Technologies (QRT)
35
Qube Research & Technologies (QRT)
United Kingdom
$280K – – –
CI
36
Conning Inc
Connecticut
$276K +$7.51K +664 +3%
VEA
37
Virtus ETF Advisers
New York
$272K -$36.2K -3,204 -12%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$241K +$234K +20,702 New
CW
39
CreativeOne Wealth
Kansas
$239K +$232K +20,535 New
SDAM
40
Shulman DeMeo Asset Management
New York
$227K -$2.18K -193 -1%
CIA
41
Capital Investment Advisors
Georgia
$227K -$11K -975 -5%
AWS
42
Atria Wealth Solutions
New York
$206K – – –
Rockefeller Capital Management
43
Rockefeller Capital Management
New York
$189K – – –
Commonwealth Equity Services
44
Commonwealth Equity Services
Massachusetts
$188K -$56.9K -5,031 -24%
SI
45
Stephens Inc
Arkansas
$188K – – –
RT
46
Rockland Trust
Massachusetts
$150K -$13K -1,150 -8%
HKAM
47
Horizon Kinetics Asset Management
New York
$148K – – –
CSPIA
48
Cary Street Partners Investment Advisory
Virginia
$117K – – –
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$111K -$92.5K -8,179 -46%
GWM
50
Geneos Wealth Management
Colorado
$75K – – –
1
2
3

BGT Hedge Fund Activity: Q2 2023 in Review

59 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2023, worth a combined $76.4M — up 5.5% from $72.4M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BGT and 8 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 16 added.

The largest buyer was MML Investors Services, opening a new position worth an estimated $1.04M. The largest seller was Morgan Stanley, cutting an estimated $1.94M.

  • 59 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2023, down from 61 in Q1 2023.
  • Funds reported $76.4M of BlackRock Floating Rate Income Trust stock for Q2 2023, up 5.5% quarter-over-quarter.
  • 8 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2023 and 10 closed out, a net change of -2 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q2 2023 was MML Investors Services, an estimated $1.04M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q2 2023 was Morgan Stanley, an estimated $1.94M sold.

Based on aggregated 13F filings for Q2 2023.