BlackRock Floating Rate Income Trust
BGT
46 hedge funds and large institutions have $56.8M invested in BlackRock Floating Rate Income Trust in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 18 reducing their positions, and 8 closing their positions.
25% more capital invested
Capital invested by funds: $45.3M → $56.8M (+$11.5M)
3.13% more ownership
Funds ownership: 13.72% → 16.85% (+3.1%)
0% more funds holding
Funds holding: 46 → 46 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
28% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$5.85M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.69M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.65M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.1M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$455K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.19M |
| 2 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$473K |
| 3 |
Barclays
London,
United Kingdom
|
-$397K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$297K |
| 5 |
SG Americas Securities
New York
|
-$275K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TF
51
Tompkins Financial
Ithaca,
New York
| – | -$17K | -1,250 | Closed |
|
52
Citigroup
New York
| – | -$212 | -15 | -63% |
|
|
CFA
53
Carroll Financial Associates
Charlotte,
North Carolina
| – | +$184 | +13 | New |
|
BGT Hedge Fund Activity: Q1 2014 in Review
46 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2014, worth a combined $56.8M — up 25% from $45.3M a quarter earlier.
Fund positioning in BGT was balanced in Q1 2014: 8 funds opened new positions, 8 closed out, 13 added to existing stakes and 18 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $5.85M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.19M sold.
- 46 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $56.8M of BlackRock Floating Rate Income Trust stock for Q1 2014, up 25% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2014 and 8 closed out, a net change of 0 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2014 was Baillie Gifford & Co, an estimated $5.85M added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2014 was Wolverine Asset Management, an estimated $1.19M sold.
Based on aggregated 13F filings for Q1 2014.