BlackRock Floating Rate Income Trust
BGT
58 hedge funds and large institutions have $78.2M invested in BlackRock Floating Rate Income Trust in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 27 increasing their positions, 17 reducing their positions, and 3 closing their positions.
59% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 17
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
2% more funds holding
Funds holding: 57 → 58 (+1)
4% more capital invested
Capital invested by funds: $75M → $78.2M (+$3.18M)
0.28% more ownership
Funds ownership: 24.38% → 24.66% (+0.28%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.59M |
| 2 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$565K |
| 3 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$302K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$286K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$277K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$2.05M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$654K |
| 3 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$638K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$627K |
| 5 |
Morgan Stanley
New York
|
-$483K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $36K | – | – | – |
|
|
CT
52
CPF Texas
Plano,
Texas
| $9K | – | – | – |
|
|
AIM
53
Anchor Investment Management
Columbia,
South Carolina
| $7.92K | +$7.9K | +600 | New |
|
|
CAC
54
Certified Advisory Corp
Altamonte Springs,
Florida
| $6K | +$79 | +6 | +1% |
|
|
SPIA
55
Steward Partners Investment Advisory
New York
| $3K | – | – | – |
|
|
SIA
56
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$654K | -50,000 | Closed |
|
|
TRCT
57
Tower Research Capital (TRC)
New York
| – | -$9K | -700 | Closed |
|
58
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4K | -336 | Closed |
|
59
Fidelity Investments
Boston,
Massachusetts
| – | +$13 | +1 | New |
|
BGT Hedge Fund Activity: Q3 2018 in Review
58 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2018, worth a combined $78.2M — up 4.2% from $75M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BGT positions and 3 closed out — a net gain of 1 holder — while 27 added to existing stakes and 17 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $2.59M. The largest seller was Baillie Gifford & Co, cutting an estimated $2.05M.
- 58 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2018, up from 57 in Q2 2018.
- Funds reported $78.2M of BlackRock Floating Rate Income Trust stock for Q3 2018, up 4.2% quarter-over-quarter.
- 4 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2018 and 3 closed out, a net change of +1 holder.
- The largest BlackRock Floating Rate Income Trust buyer in Q3 2018 was 1607 Capital Partners, an estimated $2.59M added.
- The largest BlackRock Floating Rate Income Trust seller in Q3 2018 was Baillie Gifford & Co, an estimated $2.05M sold.
Based on aggregated 13F filings for Q3 2018.