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BlackRock Floating Rate Income Trust
BGT

57 hedge funds and large institutions have $77M invested in BlackRock Floating Rate Income Trust in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more capital invested

Capital invested by funds: $68.3M → $77M (+$8.76M)

12% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 17

4.07% more ownership

Funds ownership: 23.74% → 27.8% (+4.1%)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

2% less funds holding

Funds holding: 58 → 57 (-1)

Holders
57
Holders Change
-1
Holders Change %
-1.72%
% of All Funds
0.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
19
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CWM
CIBC World Markets
New York
+$11.7M
2
Ameriprise
Ameriprise
Minnesota
+$1.14M
3
GRP
Global Retirement Partners
California
+$832K
4
KAS
Kestra Advisory Services
Texas
+$744K
5
GC
Guggenheim Capital
Illinois
+$599K

Top Sellers

Rank Fund Capital Flow
1
DIA
Dean Investment Associates
Ohio
-$1.82M
2
Invesco
Invesco
Georgia
-$794K
3
AAM
Advisors Asset Management
Colorado
-$618K
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$204K
5
Jane Street
Jane Street
New York
-$190K
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
26
Pinnacle Associates
New York
$440K -$990 -76 -0.2%
AWS
27
Atria Wealth Solutions
New York
$359K +$3.98K +306 +1%
SCA
28
Snowden Capital Advisors
New York
$345K -$24.1K -1,853 -6%
CI
29
Conning Inc
Connecticut
$338K +$9.51K +730 +3%
HAIM
30
Hunter Associates Investment Management
Pennsylvania
$332K – – –
MA
31
MONECO Advisors
Connecticut
$296K – – –
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$284K +$469 +36 +0.2%
IWM
33
Iams Wealth Management
Nebraska
$255K +$260K +20,000 New
AAS
34
Avantax Advisory Services
Texas
$243K +$4.13K +317 +2%
SDAM
35
Shulman DeMeo Asset Management
New York
$240K -$4.27K -328 -2%
Rockefeller Capital Management
36
Rockefeller Capital Management
New York
$207K – – –
RWM
37
Reston Wealth Management
Virginia
$196K +$200K +15,342 New
SI
38
Stephens Inc
Arkansas
$182K – – –
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$168K +$2.53K +194 +1%
HKAM
40
Horizon Kinetics Asset Management
New York
$162K – – –
RT
41
Rockland Trust
Massachusetts
$155K -$1.46K -112 -0.9%
MAWAG
42
Mid-American Wealth Advisory Group
Missouri
$146K -$44.3K -3,404 -23%
WS
43
Wedbush Securities
California
$135K – – –
KIG
44
Kennedy Investment Group
New Jersey
$133K +$3.75K +288 +3%
CSPIA
45
Cary Street Partners Investment Advisory
Virginia
$128K – – –
PS
46
Principal Securities
Iowa
$81.4K +$52.2K +4,012 +169%
GWM
47
Geneos Wealth Management
Colorado
$71.3K – – –
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
$55.5K -$5.21K -400 -8%
CFB
49
Cullen/Frost Bankers
Texas
$39.9K – – –
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$38.3K – – –
1
2
3

BGT Hedge Fund Activity: Q2 2024 in Review

57 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2024, worth a combined $77M — up 13% from $68.3M a quarter earlier.

Fund positioning in BGT was balanced in Q2 2024: 5 funds opened new positions, 5 closed out, 19 added to existing stakes and 17 trimmed.

The largest buyer was CIBC World Markets, opening a new position worth an estimated $11.7M. The largest seller was Dean Investment Associates, exiting entirely with an estimated $1.82M sold.

  • 57 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2024, down from 58 in Q1 2024.
  • Funds reported $77M of BlackRock Floating Rate Income Trust stock for Q2 2024, up 13% quarter-over-quarter.
  • 5 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2024 and 5 closed out, a net change of 0 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q2 2024 was CIBC World Markets, an estimated $11.7M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q2 2024 was Dean Investment Associates, an estimated $1.82M sold.

Based on aggregated 13F filings for Q2 2024.