BlackRock Floating Rate Income Trust
BGT
50 hedge funds and large institutions have $83.5M invested in BlackRock Floating Rate Income Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 7 closing their positions.
8% more capital invested
Capital invested by funds: $77.7M → $83.5M (+$5.88M)
0.81% more ownership
Funds ownership: 24.61% → 25.41% (+0.81%)
0% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 18
7% less funds holding
Funds holding: 54 → 50 (-4)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$877K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$830K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$780K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$584K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$484K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$465K |
| 2 |
HK
Horizon Kinetics
New York
|
-$432K |
| 3 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
-$298K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$250K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$183K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
51
Doliver Advisors
Houston,
Texas
| – | -$183K | -14,039 | Closed |
|
52
Citigroup
New York
| – | -$48K | -3,674 | Closed |
|
|
AWM
53
Avior Wealth Management
Omaha,
Nebraska
| – | -$19K | -1,500 | Closed |
|
54
SEI Investments
Oaks,
Pennsylvania
| – | -$10K | -767 | Closed |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$8K | -617 | Closed |
|
|
AI
56
ArchPoint Investors
Coral Gables,
Florida
| – | -$7K | -527 | Closed |
|
57
Barclays
London,
United Kingdom
| – | +$278 | +21 | New |
|
BGT Hedge Fund Activity: Q3 2016 in Review
50 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2016, worth a combined $83.5M — up 7.6% from $77.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BGT and 4 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 18 added.
The largest buyer was Morgan Stanley, adding an estimated $877K. The largest seller was UBS Group, cutting an estimated $465K.
- 50 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2016, down from 54 in Q2 2016.
- Funds reported $83.5M of BlackRock Floating Rate Income Trust stock for Q3 2016, up 7.6% quarter-over-quarter.
- 4 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2016 and 7 closed out, a net change of -3 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q3 2016 was Morgan Stanley, an estimated $877K added.
- The largest BlackRock Floating Rate Income Trust seller in Q3 2016 was UBS Group, an estimated $465K sold.
Based on aggregated 13F filings for Q3 2016.