BlackRock Floating Rate Income Trust
BGT
60 hedge funds and large institutions have $70.2M invested in BlackRock Floating Rate Income Trust in 2015 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 3 closing their positions.
500% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 3
33% more funds holding
Funds holding: 45 → 60 (+15)
17% more capital invested
Capital invested by funds: $59.8M → $70.2M (+$10.4M)
3.42% more ownership
Funds ownership: 20.13% → 23.56% (+3.4%)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.55M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.02M |
| 4 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$966K |
| 5 |
LPL Financial
San Diego,
California
|
+$876K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.78M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$970K |
| 3 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$886K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$468K |
| 5 |
Morgan Stanley
New York
|
-$325K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
51
American International Group
New York
| $57K | – | – | – |
|
52
Creative Planning
Overland Park,
Kansas
| $52K | +$11.9K | +947 | +29% |
|
|
AWM
53
Avior Wealth Management
Omaha,
Nebraska
| $19K | – | – | – |
|
|
AWMS
54
Advocacy Wealth Management Services
Atlanta,
Georgia
| $9K | +$8.88K | +705 | New |
|
55
Bank of Montreal
Toronto,
Ontario, Canada
| $8K | +$7.56K | +600 | New |
|
|
AI
56
ArchPoint Investors
Coral Gables,
Florida
| $7K | +$6.64K | +527 | New |
|
|
IA
57
IFP Advisors
Tampa,
Florida
| $7K | +$6.93K | +550 | New |
|
|
ASN
58
Advisory Services Network
Atlanta,
Georgia
| $5K | – | – | – |
|
|
PCM
59
Penserra Capital Management
Orinda,
California
| $3K | +$3.44K | +273 | New |
|
|
HW
60
Hedeker Wealth
Lincolnshire,
Illinois
| $1K | +$1.51K | +120 | New |
|
|
ACM
61
Argentus Capital Management
Dallas,
Texas
| – | -$170K | -13,642 | Closed |
|
|
CL
62
Croft-Leominster
Baltimore,
Maryland
| – | -$167K | -13,449 | Closed |
|
63
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -76 | Closed |
|
BGT Hedge Fund Activity: Q4 2015 in Review
60 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2015, worth a combined $70.2M — up 17% from $59.8M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BGT positions and 3 closed out — a net gain of 15 holders — while 16 added to existing stakes and 15 trimmed.
The largest buyer was Wells Fargo, adding an estimated $3.55M. The largest seller was Mariner Investment Group, cutting an estimated $1.78M.
- 60 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2015, up from 45 in Q3 2015.
- Funds reported $70.2M of BlackRock Floating Rate Income Trust stock for Q4 2015, up 17% quarter-over-quarter.
- 18 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2015 and 3 closed out, a net change of +15 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q4 2015 was Wells Fargo, an estimated $3.55M added.
- The largest BlackRock Floating Rate Income Trust seller in Q4 2015 was Mariner Investment Group, an estimated $1.78M sold.
Based on aggregated 13F filings for Q4 2015.