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BlackRock Floating Rate Income Trust
BGT

74 hedge funds and large institutions have $92.5M invested in BlackRock Floating Rate Income Trust in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 22

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

7% more capital invested

Capital invested by funds: $86.6M → $92.5M (+$5.87M)

3.76% more ownership

Funds ownership: 29.97% → 33.73% (+3.8%)

0% more funds holding

Funds holding: 74 → 74 (0)

Holders
74
Holders Change
–
Holders Change %
0%
% of All Funds
1.61%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
8
Increased
27
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$7.78M
2
VEA
Virtus ETF Advisers
New York
+$2.21M
3
1CP
1607 Capital Partners
Virginia
+$974K
4
RCM
Robinson Capital Management
Michigan
+$959K
5
Morgan Stanley
Morgan Stanley
New York
+$877K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.76M
2
SFS
Shaker Financial Services
Virginia
-$1.33M
3
CRC
Curi RMB Capital
Illinois
-$531K
4
Bank of America
Bank of America
North Carolina
-$480K
5
Millennium Management
Millennium Management
New York
-$462K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
51
Raymond James & Associates
Florida
$208K – – –
RT
52
Rockland Trust
Massachusetts
$189K -$1.06K -85 -0.6%
NL
53
NWAM LLC
Washington
$188K +$1.51K +121 +0.8%
RTS
54
Round Table Services
New Jersey
$178K – – –
ACI
55
Alpha Cubed Investments
California
$174K -$62K -4,984 -26%
FFA
56
First Foundation Advisors
California
$160K – – –
Janney Montgomery Scott
57
Janney Montgomery Scott
Pennsylvania
$157K -$25.5K -2,050 -14%
HKAM
58
Horizon Kinetics Asset Management
New York
$157K – – –
DAS
59
Dynamic Advisor Solutions
Arizona
$140K – – –
LTFS
60
Ladenburg Thalmann Financial Services
Florida
$90K -$10.3K -829 -10%
AG
61
Advisor Group
Arizona
$72K +$10.1K +809 +16%
RIA
62
Realta Investment Advisors
Delaware
$68K +$821 +66 +1%
Citigroup
63
Citigroup
New York
$29K +$10K +804 +52%
PFGIA
64
Patriot Financial Group Insurance Agency
Massachusetts
$23K +$22.7K +1,826 New
Northwestern Mutual Wealth Management
65
Northwestern Mutual Wealth Management
Wisconsin
$19K -$14.9K -1,200 -44%
EIP
66
Ellis Investment Partners
Pennsylvania
$10K +$10.7K +861 New
BFEC
67
Benjamin F. Edwards & Company
Missouri
$9K – – –
CI
68
CX Institutional
Indiana
$9K – – –
APA
69
American Portfolios Advisors
New York
$7.89K – – –
AIM
70
Anchor Investment Management
South Carolina
$7.45K – – –
BWM
71
BerganKDV Wealth Management
Minnesota
$6K +$6.35K +510 New
CAC
72
Certified Advisory Corp
Florida
$5K +$75 +6 +1%
RCM
73
Rivernorth Capital Management
Florida
$4.79K -$3.76M -301,836 -44%
Millennium Management
74
Millennium Management
New York
– -$462K -37,841 Closed
P
75
&Partners
Tennessee
– -$158K -12,946 Closed
1 2
3
4

BGT Hedge Fund Activity: Q2 2019 in Review

74 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2019, worth a combined $92.5M — up 6.8% from $86.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BGT positions and 7 closed out — a net gain of 1 holder — while 27 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $7.78M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.76M.

  • 74 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2019, unchanged from Q1 2019.
  • Funds reported $92.5M of BlackRock Floating Rate Income Trust stock for Q2 2019, up 6.8% quarter-over-quarter.
  • 8 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2019 and 7 closed out, a net change of +1 holder.
  • The largest BlackRock Floating Rate Income Trust buyer in Q2 2019 was Saba Capital Management, an estimated $7.78M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q2 2019 was Rivernorth Capital Management, an estimated $3.76M sold.

Based on aggregated 13F filings for Q2 2019.