BlackRock Floating Rate Income Trust
BGT
50 hedge funds and large institutions have $64.6M invested in BlackRock Floating Rate Income Trust in 2015 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
2% more funds holding
Funds holding: 49 → 50 (+1)
0.19% more ownership
Funds ownership: 20.66% → 20.84% (+0.19%)
2% less capital invested
Capital invested by funds: $65.8M → $64.6M (-$1.26M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.4M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$820K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$427K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$389K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$339K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$1.02M |
| 2 |
HNB
Huntington National Bank
Columbus,
Ohio
|
-$879K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$759K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$458K |
| 5 |
TFCM
Taylor Frigon Capital Management
Scottsdale,
Arizona
|
-$382K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| – | -$249K | -18,547 | Closed |
|
52
Creative Planning
Overland Park,
Kansas
| – | -$16K | -1,201 | Closed |
|
|
CFA
53
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$13.4K | -1,000 | -99% |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| – | -$8K | -600 | Closed |
|
BGT Hedge Fund Activity: Q2 2015 in Review
50 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2015, worth a combined $64.6M — down 1.9% from $65.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BGT positions and 5 closed out — a net gain of 3 holders — while 17 added to existing stakes and 15 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.4M. The largest seller was Horizon Kinetics, cutting an estimated $1.02M.
- 50 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2015, up from 49 in Q1 2015.
- Funds reported $64.6M of BlackRock Floating Rate Income Trust stock for Q2 2015, down 1.9% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2015 and 5 closed out, a net change of +3 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2015 was Guggenheim Capital, an estimated $1.4M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2015 was Horizon Kinetics, an estimated $1.02M sold.
Based on aggregated 13F filings for Q2 2015.