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BlackRock Floating Rate Income Trust
BGT

66 hedge funds and large institutions have $81.4M invested in BlackRock Floating Rate Income Trust in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 24 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

10% more capital invested

Capital invested by funds: $74.3M → $81.4M (+$7.14M)

6% more funds holding

Funds holding: 62 → 66 (+4)

1.99% more ownership

Funds ownership: 27.43% → 29.42% (+2%)

29% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 24

Holders
66
Holders Change
+4
Holders Change %
+6.45%
% of All Funds
0.96%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
17
Reduced
24
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$7.09M
2
Ameriprise
Ameriprise
Minnesota
+$1.67M
3
AAM
Advisors Asset Management
Colorado
+$1.14M
4
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$961K
5
UBS Group
UBS Group
Switzerland
+$476K

Top Sellers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
-$3.07M
2
COLIM
City of London Investment Management
United Kingdom
-$1.76M
3
CBA
Coastal Bridge Advisors
Connecticut
-$874K
4
RVPG
Relative Value Partners Group
-$593K
5
GC
Guggenheim Capital
Illinois
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$497K -$46.4K -3,877 -9%
PA
27
Pinnacle Associates
New York
$428K -$2.5K -209 -0.6%
VEA
28
Virtus ETF Advisers
New York
$394K -$147K -12,263 -28%
CBA
29
Coastal Bridge Advisors
Connecticut
$332K -$874K -73,109 -73%
HAIM
30
Hunter Associates Investment Management
Pennsylvania
$322K – – –
SCA
31
Snowden Capital Advisors
New York
$319K +$873 +73 +0.3%
CI
32
Conning Inc
Connecticut
$313K +$11.3K +949 +4%
Qube Research & Technologies (QRT)
33
Qube Research & Technologies (QRT)
United Kingdom
$297K – – –
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$295K +$32.1K +2,680 +13%
MAWAG
35
Mid-American Wealth Advisory Group
Missouri
$286K -$57.9K -4,837 -17%
Janney Montgomery Scott
36
Janney Montgomery Scott
Pennsylvania
$275K +$24.4K +2,036 +10%
SDAM
37
Shulman DeMeo Asset Management
New York
$242K – – –
MA
38
MONECO Advisors
Connecticut
$218K +$211K +17,645 New
AAS
39
Avantax Advisory Services
Texas
$206K +$199K +16,623 New
Rockefeller Capital Management
40
Rockefeller Capital Management
New York
$201K +$194K +16,200 New
SI
41
Stephens Inc
Arkansas
$189K -$9.63K -805 -5%
AWS
42
Atria Wealth Solutions
New York
$188K -$29K -2,424 -14%
AWM
43
AE Wealth Management
Kansas
$185K +$182K +15,234 New
CIA
44
Capital Investment Advisors
Georgia
$177K -$15.1K -1,266 -8%
RT
45
Rockland Trust
Massachusetts
$159K – – –
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$158K -$58.2K -4,863 -28%
HKAM
47
Horizon Kinetics Asset Management
New York
$157K – – –
LCM
48
Landscape Capital Management
New Jersey
$144K +$139K +11,639 New
WS
49
Wedbush Securities
California
$144K +$139K +11,600 New
VF
50
Virtu Financial
New York
$129K +$125K +10,431 New
1
2
3

BGT Hedge Fund Activity: Q4 2023 in Review

66 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2023, worth a combined $81.4M — up 9.6% from $74.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BGT positions and 6 closed out — a net gain of 4 holders — while 17 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.09M. The largest seller was 1607 Capital Partners, cutting an estimated $3.07M.

  • 66 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2023, up from 62 in Q3 2023.
  • Funds reported $81.4M of BlackRock Floating Rate Income Trust stock for Q4 2023, up 9.6% quarter-over-quarter.
  • 10 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2023 and 6 closed out, a net change of +4 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q4 2023 was Morgan Stanley, an estimated $7.09M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q4 2023 was 1607 Capital Partners, an estimated $3.07M sold.

Based on aggregated 13F filings for Q4 2023.