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BlackRock Floating Rate Income Trust
BGT

70 hedge funds and large institutions have $68.1M invested in BlackRock Floating Rate Income Trust in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 24 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

7% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 14

4.23% less ownership

Funds ownership: 34.14% → 29.91% (-4.2%)

5% less funds holding

Funds holding: 74 → 70 (-4)

13% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 24

33% less capital invested

Capital invested by funds: $102M → $68.1M (-$33.9M)

Holders
70
Holders Change
-4
Holders Change %
-5.41%
% of All Funds
1.54%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
13
Increased
21
Reduced
24
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$1.97M
2
JCG
JHL Capital Group
Illinois
+$480K
3
Invesco
Invesco
Georgia
+$398K
4
PPA
Parametric Portfolio Associates
Washington
+$386K
5
MC
Moors & Cabot
Massachusetts
+$372K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.23M
2
RCM
Rivernorth Capital Management
Florida
-$1.75M
3
MIG
Mariner Investment Group
New York
-$1.26M
4
QGA
Q Global Advisors
Texas
-$1.11M
5
Stifel Financial
Stifel Financial
Missouri
-$1.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
51
Janney Montgomery Scott
Pennsylvania
$132K +$23.3K +1,940 +17%
HKAM
52
Horizon Kinetics Asset Management
New York
$124K – – –
RT
53
Rockland Trust
Massachusetts
$122K -$18.1K -1,513 -11%
DA
54
Doliver Advisors
Texas
$110K +$127K +10,578 New
VCP
55
Verus Capital Partners
Arizona
$37K – – –
Fifth Third Bancorp
56
Fifth Third Bancorp
Ohio
$33K +$39.8K +3,319 New
CFGS
57
Concourse Financial Group Securities
Alabama
$26K +$31.5K +2,630 New
PFGIA
58
Patriot Financial Group Insurance Agency
Massachusetts
$18K – – –
Citigroup
59
Citigroup
New York
$13K -$14.2K -1,186 -46%
GI
60
Gradient Investments
Minnesota
$10K +$12K +1,000 New
CAC
61
Certified Advisory Corp
Florida
$8K -$5.46K -455 -36%
EIP
62
Ellis Investment Partners
Pennsylvania
$8K +$204 +17 +2%
BFEC
63
Benjamin F. Edwards & Company
Missouri
$7K – – –
CI
64
CX Institutional
Indiana
$7K – – –
APA
65
American Portfolios Advisors
New York
$6.23K – – –
DTIM
66
Danda Trouve Investment Management
Kansas
$6K – – –
PAM
67
Panagora Asset Management
Massachusetts
$4K +$2.29K +191 +89%
AIM
68
Anchor Investment Management
South Carolina
$3.92K – – –
QGA
69
Q Global Advisors
Texas
– -$1.11M -86,104 Closed
Stifel Financial
70
Stifel Financial
Missouri
– -$1.09M -84,656 Closed
PAG
71
Private Advisor Group
New Jersey
– -$408K -31,666 Closed
MC
72
Matisse Capital
Oregon
– -$403K -31,300 Closed
Cohen & Steers
73
Cohen & Steers
New York
– -$338K -26,240 Closed
SDAM
74
Shulman DeMeo Asset Management
New York
– -$279K -21,689 Closed
Jane Street
75
Jane Street
New York
– -$264K -20,489 Closed
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BGT Hedge Fund Activity: Q1 2020 in Review

70 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2020, worth a combined $68.1M — down 33% from $102M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BGT and 13 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 21 added.

The largest buyer was Saba Capital Management, adding an estimated $1.97M. The largest seller was Morgan Stanley, cutting an estimated $4.23M.

  • 70 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2020, down from 74 in Q4 2019.
  • Funds reported $68.1M of BlackRock Floating Rate Income Trust stock for Q1 2020, down 33% quarter-over-quarter.
  • 13 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2020 and 14 closed out, a net change of -1 holder.
  • The largest BlackRock Floating Rate Income Trust buyer in Q1 2020 was Saba Capital Management, an estimated $1.97M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q1 2020 was Morgan Stanley, an estimated $4.23M sold.

Based on aggregated 13F filings for Q1 2020.