BlackRock Floating Rate Income Trust
BGT
55 hedge funds and large institutions have $76.2M invested in BlackRock Floating Rate Income Trust in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 12 closing their positions.
8% more capital invested
Capital invested by funds: $70.2M → $76.2M (+$5.96M)
0.56% more ownership
Funds ownership: 23.56% → 24.12% (+0.56%)
8% less funds holding
Funds holding: 60 → 55 (-5)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
33% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$2.15M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.91M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$934K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$845K |
| 5 |
RVPG
Relative Value Partners Group
|
+$492K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Trust Asset Management
Houston,
Texas
|
-$2.02M |
| 2 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$960K |
| 3 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$939K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$761K |
| 5 |
SG Americas Securities
New York
|
-$411K |
BGT Hedge Fund Activity: Q1 2016 in Review
55 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2016, worth a combined $76.2M — up 8.5% from $70.2M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BGT and 8 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 14 added.
The largest buyer was Yorktown Management & Research Company, adding an estimated $2.15M. The largest seller was Trust Asset Management, cutting an estimated $2.02M.
- 55 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2016, down from 60 in Q4 2015.
- Funds reported $76.2M of BlackRock Floating Rate Income Trust stock for Q1 2016, up 8.5% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2016 and 12 closed out, a net change of -4 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2016 was Yorktown Management & Research Company, an estimated $2.15M added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2016 was Trust Asset Management, an estimated $2.02M sold.
Based on aggregated 13F filings for Q1 2016.