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BlackRock Floating Rate Income Trust
BGT

55 hedge funds and large institutions have $74.3M invested in BlackRock Floating Rate Income Trust in 2024 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 19

4% less capital invested

Capital invested by funds: $77M → $74.3M (-$2.77M)

2.29% less ownership

Funds ownership: 27.8% → 25.52% (-2.3%)

4% less funds holding

Funds holding: 57 → 55 (-2)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
55
Holders Change
-2
Holders Change %
-3.51%
% of All Funds
0.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
22
Reduced
19
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$8.25M
2
LPL Financial
LPL Financial
California
+$1.45M
3
GC
Guggenheim Capital
Illinois
+$965K
4
Morgan Stanley
Morgan Stanley
New York
+$320K
5
Invesco
Invesco
Georgia
+$156K

Top Sellers

Rank Fund Capital Flow
1
CWM
CIBC World Markets
New York
-$8.68M
2
Ameriprise
Ameriprise
Minnesota
-$2.75M
3
GRP
Global Retirement Partners
California
-$864K
4
WW
Waterfront Wealth
Kansas
-$431K
5
Bank of America
Bank of America
North Carolina
-$351K
Name Holding Trade Value Shares
Change 		Change in
Stake
WWMSC
26
Wagner Wealth Management (South Carolina)
South Carolina
$387K -$127K -9,870 -25%
SCA
27
Snowden Capital Advisors
New York
$354K +$3.98K +309 +1%
CI
28
Conning Inc
Connecticut
$353K +$9.78K +759 +3%
MA
29
MONECO Advisors
Connecticut
$315K +$14.8K +1,150 +5%
HAIM
30
Hunter Associates Investment Management
Pennsylvania
$291K -$45.2K -3,511 -13%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$270K -$17.5K -1,362 -6%
AAS
32
Avantax Advisory Services
Texas
$266K +$19.4K +1,506 +8%
IWM
33
Iams Wealth Management
Nebraska
$259K – – –
HKAM
34
Horizon Kinetics Asset Management
New York
$256K +$91.4K +7,100 +56%
SDAM
35
Shulman DeMeo Asset Management
New York
$231K -$12.1K -943 -5%
Rockefeller Capital Management
36
Rockefeller Capital Management
New York
$210K – – –
RWM
37
Reston Wealth Management
Virginia
$204K +$5.58K +433 +3%
SI
38
Stephens Inc
Arkansas
$185K – – –
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$173K +$2.55K +198 +2%
PAG
40
Private Advisor Group
New Jersey
$152K +$151K +11,714 New
RT
41
Rockland Trust
Massachusetts
$148K -$8.54K -663 -5%
EAM
42
Everstar Asset Management
North Carolina
$143K +$142K +11,050 New
WS
43
Wedbush Securities
California
$137K – – –
CSPIA
44
Cary Street Partners Investment Advisory
Virginia
$129K – – –
GWM
45
Geneos Wealth Management
Colorado
$66.6K -$5.67K -440 -8%
CFB
46
Cullen/Frost Bankers
Texas
$64.7K +$24.1K +1,870 +60%
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$43.3K -$12.9K -1,000 -23%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$38.8K – – –
CFGS
49
Concourse Financial Group Securities
Alabama
$29.8K – – –
CIBC Private Wealth Group
50
CIBC Private Wealth Group
Georgia
$29.7K – – –
1
2
3

BGT Hedge Fund Activity: Q3 2024 in Review

55 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2024, worth a combined $74.3M — down 3.6% from $77M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of BGT and 3 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 22 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $8.25M. The largest seller was CIBC World Markets, exiting entirely with an estimated $8.68M sold.

  • 55 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2024, down from 57 in Q2 2024.
  • Funds reported $74.3M of BlackRock Floating Rate Income Trust stock for Q3 2024, down 3.6% quarter-over-quarter.
  • 3 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2024 and 4 closed out, a net change of -1 holder.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2024 was Penserra Capital Management, an estimated $8.25M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2024 was CIBC World Markets, an estimated $8.68M sold.

Based on aggregated 13F filings for Q3 2024.