BlackRock Floating Rate Income Trust
BGT
49 hedge funds and large institutions have $65.8M invested in BlackRock Floating Rate Income Trust in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 15 closing their positions.
2% more capital invested
Capital invested by funds: $64.4M → $65.8M (+$1.39M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.26% less ownership
Funds ownership: 20.91% → 20.66% (-0.26%)
14% less funds holding
Funds holding: 57 → 49 (-8)
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HNB
Huntington National Bank
Columbus,
Ohio
|
+$871K |
| 2 |
TAM
Trust Asset Management
Houston,
Texas
|
+$866K |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$779K |
| 4 |
Cohen & Steers
New York
|
+$622K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$477K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$997K |
| 2 |
SG Americas Securities
New York
|
-$546K |
| 3 |
WA
WFG Advisors
Dallas,
Texas
|
-$458K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$442K |
| 5 |
HK
Horizon Kinetics
New York
|
-$402K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
51
Laurion Capital Management
New York
| – | -$303K | -23,545 | Closed |
|
|
VKH
52
Virtu KCG Holdings
New York
| – | -$285K | -22,183 | Closed |
|
|
CAS
53
CTC Alternative Strategies
Chicago,
Illinois
| – | -$262K | -20,360 | Closed |
|
|
LCM
54
Landscape Capital Management
Englewood,
New Jersey
| – | -$260K | -20,264 | Closed |
|
55
AQR Capital Management
Greenwich,
Connecticut
| – | -$197K | -15,317 | Closed |
|
|
SFS
56
Shaker Financial Services
Arlington,
Virginia
| – | -$146K | -11,380 | Closed |
|
57
Goldman Sachs
New York
| – | -$142K | -11,043 | Closed |
|
|
TC
58
TradeLink Capital
Chicago,
Illinois
| – | -$94K | -7,300 | Closed |
|
|
PAM
59
Panagora Asset Management
Boston,
Massachusetts
| – | -$39K | -3,057 | Closed |
|
|
NPC
60
National Planning Corporation
El Segundo,
California
| – | -$12.8K | -1,000 | Closed |
|
|
HW
61
Hedeker Wealth
Lincolnshire,
Illinois
| – | -$2K | -120 | Closed |
|
62
Barclays
London,
United Kingdom
| – | -$1K | -59 | Closed |
|
|
RCG
63
Ruggie Capital Group
Tavares,
Florida
| – | -$8K | -22 | Closed |
|
BGT Hedge Fund Activity: Q1 2015 in Review
49 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2015, worth a combined $65.8M — up 2.2% from $64.4M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BGT and 8 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 15 added.
The largest buyer was Huntington National Bank, opening a new position worth an estimated $871K. The largest seller was Financial & Investment Management Group, cutting an estimated $997K.
- 49 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2015, down from 57 in Q4 2014.
- Funds reported $65.8M of BlackRock Floating Rate Income Trust stock for Q1 2015, up 2.2% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2015 and 15 closed out, a net change of -7 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2015 was Huntington National Bank, an estimated $871K added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2015 was Financial & Investment Management Group, an estimated $997K sold.
Based on aggregated 13F filings for Q1 2015.