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BlackRock Floating Rate Income Trust
BGT

54 hedge funds and large institutions have $77.7M invested in BlackRock Floating Rate Income Trust in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

2% more capital invested

Capital invested by funds: $76.2M → $77.7M (+$1.49M)

0.49% more ownership

Funds ownership: 24.12% → 24.61% (+0.49%)

2% less funds holding

Funds holding: 55 → 54 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
54
Holders Change
-1
Holders Change %
-1.82%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
18
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ICOA
Investment Centers of America
North Dakota
+$1.36M
2
PMG
ProVise Management Group
Florida
+$1.15M
3
WA
WFG Advisors
Texas
+$1.1M
4
SFS
Shaker Financial Services
Virginia
+$925K
5
1CP
1607 Capital Partners
Virginia
+$508K

Top Sellers

Rank Fund Capital Flow
1
YMRC
Yorktown Management & Research Company
Virginia
-$1.09M
2
TAM
Trust Asset Management
Texas
-$820K
3
LPL Financial
LPL Financial
California
-$628K
4
GC
Guggenheim Capital
Illinois
-$509K
5
UBS Group
UBS Group
Switzerland
-$488K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
51
IFP Advisors
Florida
$7K -$40.1K -3,103 -85%
AI
52
ArchPoint Investors
Florida
$7K – – –
ASN
53
Advisory Services Network
Georgia
$5K – – –
PCM
54
Penserra Capital Management
California
$3K – – –
TAM
55
Trust Asset Management
Texas
– -$820K -63,933 Closed
MIG
56
Mariner Investment Group
New York
– -$464K -36,150 Closed
Cambridge Investment Research Advisors
57
Cambridge Investment Research Advisors
Iowa
– -$425K -33,158 Closed
AA
58
AQR Arbitrage
Connecticut
– -$342K -26,619 Closed
HPWM
59
Highland Private Wealth Management
Washington
– -$164K -12,842 Closed
ACI
60
Alpha Cubed Investments
California
– -$158K -12,349 Closed
LCM
61
Landscape Capital Management
New Jersey
– -$151K -11,789 Closed
AIG
62
American International Group
New York
– -$49K -3,825 Closed
TRCT
63
Tower Research Capital (TRC)
New York
– -$10K -771 Closed
Barclays
64
Barclays
United Kingdom
– -$1K -64 Closed
1 2
3

BGT Hedge Fund Activity: Q2 2016 in Review

54 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2016, worth a combined $77.7M — up 2% from $76.2M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BGT and 9 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 18 added.

The largest buyer was Investment Centers of America, opening a new position worth an estimated $1.36M. The largest seller was Yorktown Management & Research Company, cutting an estimated $1.09M.

  • 54 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2016, down from 55 in Q1 2016.
  • Funds reported $77.7M of BlackRock Floating Rate Income Trust stock for Q2 2016, up 2% quarter-over-quarter.
  • 9 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2016 and 10 closed out, a net change of -1 holder.
  • The largest BlackRock Floating Rate Income Trust buyer in Q2 2016 was Investment Centers of America, an estimated $1.36M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q2 2016 was Yorktown Management & Research Company, an estimated $1.09M sold.

Based on aggregated 13F filings for Q2 2016.