BlackRock Floating Rate Income Trust
BGT
46 hedge funds and large institutions have $45.3M invested in BlackRock Floating Rate Income Trust in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
18% more capital invested
Capital invested by funds: $38.4M → $45.3M (+$6.93M)
12% more funds holding
Funds holding: 41 → 46 (+5)
2.27% more ownership
Funds ownership: 11.45% → 13.72% (+2.3%)
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$9.12M |
| 2 |
IHL
Investment House LLC
Redondo Beach,
California
|
+$952K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$823K |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$476K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$334K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.46M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.4M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$792K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$520K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$480K |
BGT Hedge Fund Activity: Q4 2013 in Review
46 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2013, worth a combined $45.3M — up 18% from $38.4M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BGT positions and 7 closed out — a net gain of 5 holders — while 10 added to existing stakes and 15 trimmed.
The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $9.12M. The largest seller was Guggenheim Capital, cutting an estimated $1.46M.
- 46 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2013, up from 41 in Q3 2013.
- Funds reported $45.3M of BlackRock Floating Rate Income Trust stock for Q4 2013, up 18% quarter-over-quarter.
- 12 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2013 and 7 closed out, a net change of +5 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q4 2013 was Baillie Gifford & Co, an estimated $9.12M added.
- The largest BlackRock Floating Rate Income Trust seller in Q4 2013 was Guggenheim Capital, an estimated $1.46M sold.
Based on aggregated 13F filings for Q4 2013.