BlackRock Floating Rate Income Trust
BGT
57 hedge funds and large institutions have $64.4M invested in BlackRock Floating Rate Income Trust in 2014 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 1 closing their positions.
2,000% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 1
50% more funds holding
Funds holding: 38 → 57 (+19)
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
15% more capital invested
Capital invested by funds: $55.8M → $64.4M (+$8.61M)
4.04% more ownership
Funds ownership: 16.88% → 20.91% (+4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.34M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.85M |
| 3 |
TAM
Trust Asset Management
Houston,
Texas
|
+$1.58M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.18M |
| 5 |
SG Americas Securities
New York
|
+$558K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$457K |
| 2 |
PA
Pinnacle Associates
New York
|
-$255K |
| 3 |
Barclays
London,
United Kingdom
|
-$152K |
| 4 |
HK
Horizon Kinetics
New York
|
-$106K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$60.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
51
Avior Wealth Management
Omaha,
Nebraska
| $19K | – | – | – |
|
|
CFA
52
Carroll Financial Associates
Charlotte,
North Carolina
| $13K | – | – | – |
|
|
LTFS
53
Ladenburg Thalmann Financial Services
Miami,
Florida
| $13K | +$13.5K | +1,024 | New |
|
|
NPC
54
National Planning Corporation
El Segundo,
California
| $12.8K | +$13.1K | +1,000 | New |
|
|
RCG
55
Ruggie Capital Group
Tavares,
Florida
| $8K | +$289 | +22 | New |
|
|
HW
56
Hedeker Wealth
Lincolnshire,
Illinois
| $2K | +$1.58K | +120 | New |
|
|
57
Barclays
London,
United Kingdom
| $1K | -$152K | -11,576 | -99% |
|
|
BFEC
58
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$28K | -2,000 | Closed |
|
BGT Hedge Fund Activity: Q4 2014 in Review
57 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2014, worth a combined $64.4M — up 15% from $55.8M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new BGT positions and 1 closed out — a net gain of 20 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.34M. The largest seller was Royal Bank of Canada, cutting an estimated $457K.
- 57 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2014, up from 38 in Q3 2014.
- Funds reported $64.4M of BlackRock Floating Rate Income Trust stock for Q4 2014, up 15% quarter-over-quarter.
- 21 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2014 and 1 closed out, a net change of +20 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q4 2014 was Morgan Stanley, an estimated $3.34M added.
- The largest BlackRock Floating Rate Income Trust seller in Q4 2014 was Royal Bank of Canada, an estimated $457K sold.
Based on aggregated 13F filings for Q4 2014.