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BlackRock Floating Rate Income Trust
BGT

62 hedge funds and large institutions have $74.3M invested in BlackRock Floating Rate Income Trust in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

5% more funds holding

Funds holding: 59 → 62 (+3)

3% less capital invested

Capital invested by funds: $76.4M → $74.3M (-$2.06M)

1.84% less ownership

Funds ownership: 29.27% → 27.43% (-1.8%)

11% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 19

Holders
62
Holders Change
+3
Holders Change %
+5.08%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
17
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GL
Graypoint LLC
New York
+$1.97M
2
LPL Financial
LPL Financial
California
+$1.4M
3
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$573K
4
Osaic Holdings
Osaic Holdings
Arizona
+$480K
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$446K

Top Sellers

Rank Fund Capital Flow
1
MAWAG
Mid-American Wealth Advisory Group
Missouri
-$3.38M
2
AWM
AE Wealth Management
Kansas
-$2.94M
3
Morgan Stanley
Morgan Stanley
New York
-$2.09M
4
AA
AQR Arbitrage
Connecticut
-$818K
5
1CP
1607 Capital Partners
Virginia
-$671K
Name Holding Trade Value Shares
Change 		Change in
Stake
VEA
26
Virtus ETF Advisers
New York
$531K +$247K +20,773 +89%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$531K +$38K +3,199 +8%
JRCM
28
Jones Road Capital Management
New York
$450K – – –
PA
29
Pinnacle Associates
New York
$419K -$35.2K -2,960 -8%
MAWAG
30
Mid-American Wealth Advisory Group
Missouri
$342K -$3.38M -284,210 -91%
HAIM
31
Hunter Associates Investment Management
Pennsylvania
$313K – – –
SCA
32
Snowden Capital Advisors
New York
$310K +$642 +54 +0.2%
CI
33
Conning Inc
Connecticut
$294K +$8.11K +682 +3%
Qube Research & Technologies (QRT)
34
Qube Research & Technologies (QRT)
United Kingdom
$289K – – –
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$255K -$135K -11,391 -35%
SIC
36
Samalin Investment Counsel
New York
$245K -$66.3K -5,578 -22%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$243K -$6.48K -545 -3%
SDAM
38
Shulman DeMeo Asset Management
New York
$235K -$24 -2 -0%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$213K +$17.7K +1,486 +9%
AWS
40
Atria Wealth Solutions
New York
$213K – – –
SI
41
Stephens Inc
Arkansas
$194K – – –
CIA
42
Capital Investment Advisors
Georgia
$187K -$46.4K -3,902 -20%
RT
43
Rockland Trust
Massachusetts
$155K – – –
HKAM
44
Horizon Kinetics Asset Management
New York
$153K – – –
HF
45
HRT Financial
New York
$132K +$131K +10,992 New
CSPIA
46
Cary Street Partners Investment Advisory
Virginia
$121K – – –
GWM
47
Geneos Wealth Management
Colorado
$77.6K – – –
CFB
48
Cullen/Frost Bankers
Texas
$60.3K +$22.2K +1,870 +60%
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$57.9K -$55.9K -4,700 -49%
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
$40K – – –
1
2
3

BGT Hedge Fund Activity: Q3 2023 in Review

62 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2023, worth a combined $74.3M — down 2.7% from $76.4M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BGT positions and 5 closed out — a net gain of 3 holders — while 17 added to existing stakes and 19 trimmed.

The largest buyer was Graypoint LLC, opening a new position worth an estimated $1.97M. The largest seller was Mid-American Wealth Advisory Group, cutting an estimated $3.38M.

  • 62 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2023, up from 59 in Q2 2023.
  • Funds reported $74.3M of BlackRock Floating Rate Income Trust stock for Q3 2023, down 2.7% quarter-over-quarter.
  • 8 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2023 and 5 closed out, a net change of +3 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2023 was Graypoint LLC, an estimated $1.97M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2023 was Mid-American Wealth Advisory Group, an estimated $3.38M sold.

Based on aggregated 13F filings for Q3 2023.