BlackRock Floating Rate Income Trust
BGT
57 hedge funds and large institutions have $75M invested in BlackRock Floating Rate Income Trust in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
12% more funds holding
Funds holding: 51 → 57 (+6)
0.26% more ownership
Funds ownership: 24.12% → 24.38% (+0.26%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less capital invested
Capital invested by funds: $82.1M → $75M (-$7.08M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.36M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$814K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$782K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$676K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$473K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$2.59M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$825K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$799K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
-$413K |
| 5 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$270K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CT
51
CPF Texas
Plano,
Texas
| $9K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $9K | +$9.46K | +700 | New |
|
|
CAC
53
Certified Advisory Corp
Altamonte Springs,
Florida
| $5K | +$81 | +6 | +1% |
|
54
Fifth Third Bancorp
Cincinnati,
Ohio
| $4K | +$4.54K | +336 | New |
|
|
SPIA
55
Steward Partners Investment Advisory
New York
| $3K | – | – | – |
|
|
PMG
56
ProVise Management Group
Clearwater,
Florida
| $1.27K | -$16.4K | -1,215 | -1% |
|
|
OFG
57
OTA Financial Group
Purchase,
New York
| – | -$259K | -18,540 | Closed |
|
|
IWM
58
IHT Wealth Management
Chicago,
Illinois
| – | -$64K | -4,650 | Closed |
|
|
AOWM
59
Alpha Omega Wealth Management
Richmond,
Virginia
| – | -$50K | -3,600 | Closed |
|
|
APP
60
Avantax Planning Partners
Dubuque,
Iowa
| – | -$17K | -1,210 | Closed |
|
|
ASN
61
Advisory Services Network
Atlanta,
Georgia
| – | -$6K | -400 | Closed |
|
BGT Hedge Fund Activity: Q2 2018 in Review
57 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2018, worth a combined $75M — down 8.6% from $82.1M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BGT positions and 6 closed out — a net gain of 6 holders — while 19 added to existing stakes and 16 trimmed.
The largest buyer was Curi RMB Capital, opening a new position worth an estimated $1.36M. The largest seller was Baillie Gifford & Co, cutting an estimated $2.59M.
- 57 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2018, up from 51 in Q1 2018.
- Funds reported $75M of BlackRock Floating Rate Income Trust stock for Q2 2018, down 8.6% quarter-over-quarter.
- 12 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2018 and 6 closed out, a net change of +6 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2018 was Curi RMB Capital, an estimated $1.36M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2018 was Baillie Gifford & Co, an estimated $2.59M sold.
Based on aggregated 13F filings for Q2 2018.