BlackRock Floating Rate Income Trust
BGT
47 hedge funds and large institutions have $80.9M invested in BlackRock Floating Rate Income Trust in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 9 closing their positions.
3% less capital invested
Capital invested by funds: $83.5M → $80.9M (-$2.65M)
1.13% less ownership
Funds ownership: 25.41% → 24.28% (-1.1%)
6% less funds holding
Funds holding: 50 → 47 (-3)
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$3.15M |
| 2 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$2.25M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$975K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$830K |
| 5 |
LPL Financial
San Diego,
California
|
+$541K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$2.74M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$2.19M |
| 3 |
Morgan Stanley
New York
|
-$1.85M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$712K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$531K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
COLIM
51
City of London Investment Management
London,
United Kingdom
| – | -$400K | -29,574 | Closed |
|
52
Bank of New York Mellon
New York
| – | -$189K | -13,986 | Closed |
|
|
CA
53
Cornerstone Advisory
Hunt Valley,
Maryland
| – | -$172K | -12,733 | Closed |
|
|
HW
54
Hedeker Wealth
Lincolnshire,
Illinois
| – | -$1.91K | -25 | Closed |
|
BGT Hedge Fund Activity: Q4 2016 in Review
47 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2016, worth a combined $80.9M — down 3.2% from $83.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BGT and 7 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 16 added.
The largest buyer was Coastal Bridge Advisors, opening a new position worth an estimated $3.15M. The largest seller was Yorktown Management & Research Company, exiting entirely with an estimated $2.74M sold.
- 47 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2016, down from 50 in Q3 2016.
- Funds reported $80.9M of BlackRock Floating Rate Income Trust stock for Q4 2016, down 3.2% quarter-over-quarter.
- 7 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2016 and 9 closed out, a net change of -2 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q4 2016 was Coastal Bridge Advisors, an estimated $3.15M added.
- The largest BlackRock Floating Rate Income Trust seller in Q4 2016 was Yorktown Management & Research Company, an estimated $2.74M sold.
Based on aggregated 13F filings for Q4 2016.