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BlackRock Floating Rate Income Trust
BGT

58 hedge funds and large institutions have $68.3M invested in BlackRock Floating Rate Income Trust in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 25 increasing their positions, 14 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 14

5.68% less ownership

Funds ownership: 29.42% → 23.74% (-5.7%)

12% less funds holding

Funds holding: 66 → 58 (-8)

16% less capital invested

Capital invested by funds: $81.4M → $68.3M (-$13.1M)

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

Holders
58
Holders Change
-8
Holders Change %
-12.12%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
25
Reduced
14
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1.31M
2
GC
Guggenheim Capital
Illinois
+$585K
3
GRP
Global Retirement Partners
California
+$499K
4
UBS Group
UBS Group
Switzerland
+$426K
5
LPL Financial
LPL Financial
California
+$340K

Top Sellers

Rank Fund Capital Flow
1
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
-$6.81M
2
Morgan Stanley
Morgan Stanley
New York
-$6.57M
3
COLIM
City of London Investment Management
United Kingdom
-$1.17M
4
1CP
1607 Capital Partners
Virginia
-$1.07M
5
Invesco
Invesco
Georgia
-$938K
Name Holding Trade Value Shares
Change 		Change in
Stake
AWS
26
Atria Wealth Solutions
New York
$361K +$159K +12,587 +83%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$354K +$43.4K +3,438 +14%
HAIM
28
Hunter Associates Investment Management
Pennsylvania
$338K – – –
CI
29
Conning Inc
Connecticut
$335K +$6.1K +483 +2%
MA
30
MONECO Advisors
Connecticut
$301K +$70.5K +5,582 +32%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$289K +$442 +35 +0.2%
SDAM
32
Shulman DeMeo Asset Management
New York
$248K -$4.8K -380 -2%
AAS
33
Avantax Advisory Services
Texas
$243K +$26.7K +2,112 +13%
Rockefeller Capital Management
34
Rockefeller Capital Management
New York
$210K – – –
MAWAG
35
Mid-American Wealth Advisory Group
Missouri
$193K -$104K -8,210 -36%
Jane Street
36
Jane Street
New York
$190K +$185K +14,674 New
SI
37
Stephens Inc
Arkansas
$185K -$12.6K -1,000 -7%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$168K +$2.4K +190 +1%
HKAM
39
Horizon Kinetics Asset Management
New York
$165K – – –
RT
40
Rockland Trust
Massachusetts
$159K -$7.72K -611 -5%
CBA
41
Coastal Bridge Advisors
Connecticut
$156K -$187K -14,816 -55%
WS
42
Wedbush Securities
California
$138K -$12.6K -1,000 -9%
KIG
43
Kennedy Investment Group
New Jersey
$132K +$128K +10,131 New
CSPIA
44
Cary Street Partners Investment Advisory
Virginia
$130K – – –
GWM
45
Geneos Wealth Management
Colorado
$72.5K – – –
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$61.6K – – –
CFB
47
Cullen/Frost Bankers
Texas
$40.6K – – –
JPWM
48
Jamison Private Wealth Management
Georgia
$40.2K +$1.09K +86 +3%
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$38.9K – – –
PS
50
Principal Securities
Iowa
$30.8K – – –
1
2
3

BGT Hedge Fund Activity: Q1 2024 in Review

58 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2024, worth a combined $68.3M — down 16% from $81.4M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BGT and 4 opened new positions — a net loss of 8 holders — while 14 trimmed existing stakes and 25 added.

The largest buyer was Ameriprise, adding an estimated $1.31M. The largest seller was Wagner Wealth Management (South Carolina), cutting an estimated $6.81M.

  • 58 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2024, down from 66 in Q4 2023.
  • Funds reported $68.3M of BlackRock Floating Rate Income Trust stock for Q1 2024, down 16% quarter-over-quarter.
  • 4 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2024 and 12 closed out, a net change of -8 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q1 2024 was Ameriprise, an estimated $1.31M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q1 2024 was Wagner Wealth Management (South Carolina), an estimated $6.81M sold.

Based on aggregated 13F filings for Q1 2024.