BlackRock Floating Rate Income Trust
BGT
45 hedge funds and large institutions have $59.8M invested in BlackRock Floating Rate Income Trust in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 9 closing their positions.
0.71% less ownership
Funds ownership: 20.84% → 20.13% (-0.71%)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
7% less capital invested
Capital invested by funds: $64.6M → $59.8M (-$4.79M)
10% less funds holding
Funds holding: 50 → 45 (-5)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
+$4.8M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$1.34M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$437K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$369K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$290K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TFCM
Taylor Frigon Capital Management
Scottsdale,
Arizona
|
-$1.59M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$629K |
| 3 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$628K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$559K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$494K |
BGT Hedge Fund Activity: Q3 2015 in Review
45 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2015, worth a combined $59.8M — down 7.4% from $64.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BGT and 5 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 13 added.
The largest buyer was Zuckerman Investment Group, opening a new position worth an estimated $4.8M. The largest seller was Taylor Frigon Capital Management, exiting entirely with an estimated $1.59M sold.
- 45 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2015, down from 50 in Q2 2015.
- Funds reported $59.8M of BlackRock Floating Rate Income Trust stock for Q3 2015, down 7.4% quarter-over-quarter.
- 5 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2015 and 9 closed out, a net change of -4 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q3 2015 was Zuckerman Investment Group, an estimated $4.8M added.
- The largest BlackRock Floating Rate Income Trust seller in Q3 2015 was Taylor Frigon Capital Management, an estimated $1.59M sold.
Based on aggregated 13F filings for Q3 2015.