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BlackRock Floating Rate Income Trust
BGT

62 hedge funds and large institutions have $79.2M invested in BlackRock Floating Rate Income Trust in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more capital invested

Capital invested by funds: $78.8M → $79.2M (+$355K)

0% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 20

0.56% less ownership

Funds ownership: 31.62% → 31.06% (-0.56%)

9% less funds holding

Funds holding: 68 → 62 (-6)

63% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 8

Holders
62
Holders Change
-6
Holders Change %
-8.82%
% of All Funds
1.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
20
Reduced
20
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.73M
2
Morgan Stanley
Morgan Stanley
New York
+$641K
3
Invesco
Invesco
Georgia
+$305K
4
CA
Cornerstone Advisory
Maryland
+$135K
5
Osaic Holdings
Osaic Holdings
Arizona
+$125K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.65M
2
CIA
Capital Investment Advisors
Georgia
-$465K
3
CRC
Curi RMB Capital
Illinois
-$450K
4
PPA
Parametric Portfolio Associates
Washington
-$409K
5
Wells Fargo
Wells Fargo
California
-$296K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
51
Northwestern Mutual Wealth Management
Wisconsin
$47K +$47K +4,179 New
Fifth Third Bancorp
52
Fifth Third Bancorp
Ohio
$37K – – –
CFGS
53
Concourse Financial Group Securities
Alabama
$30K – – –
PFGIA
54
Patriot Financial Group Insurance Agency
Massachusetts
$21K – – –
PGAM
55
Princeton Global Asset Management
New Jersey
$13K – – –
EIP
56
Ellis Investment Partners
Pennsylvania
$10K +$214 +19 +2%
CI
57
CX Institutional
Indiana
$8K – – –
APA
58
American Portfolios Advisors
New York
$7.13K – – –
Barclays
59
Barclays
United Kingdom
$6K +$5.08K +452 New
PAM
60
Panagora Asset Management
Massachusetts
$5K – – –
AIM
61
Anchor Investment Management
South Carolina
$4.49K – – –
PPA
62
Parametric Portfolio Associates
Washington
– -$409K -37,258 Closed
SDAM
63
Shulman DeMeo Asset Management
New York
– -$236K -21,528 Closed
SXL
64
Summit X LLC
Missouri
– -$120K -10,939 Closed
OC
65
Oppenheimer & Co
New York
– -$113K -10,283 Closed
DA
66
Doliver Advisors
Texas
– -$111K -10,099 Closed
PAG
67
Private Advisor Group
New Jersey
– -$32K -2,949 Closed
DTIM
68
Danda Trouve Investment Management
Kansas
– -$7K -657 Closed
WAM
69
Wolverine Asset Management
Illinois
– -$2K -244 Closed
1 2
3

BGT Hedge Fund Activity: Q3 2020 in Review

62 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2020, worth a combined $79.2M — up 0.45% from $78.8M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BGT and 3 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 20 added.

The largest buyer was Saba Capital Management, adding an estimated $2.73M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.65M.

  • 62 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2020, down from 68 in Q2 2020.
  • Funds reported $79.2M of BlackRock Floating Rate Income Trust stock for Q3 2020, up 0.45% quarter-over-quarter.
  • 3 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2020 and 8 closed out, a net change of -5 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2020 was Saba Capital Management, an estimated $2.73M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2020 was Rivernorth Capital Management, an estimated $2.65M sold.

Based on aggregated 13F filings for Q3 2020.