BlackRock Floating Rate Income Trust
BGT
61 hedge funds and large institutions have $89.8M invested in BlackRock Floating Rate Income Trust in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 26 reducing their positions, and 8 closing their positions.
13% more capital invested
Capital invested by funds: $79.2M → $89.8M (+$10.7M)
2.5% more ownership
Funds ownership: 31.06% → 33.55% (+2.5%)
2% less funds holding
Funds holding: 62 → 61 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
38% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.28M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.42M |
| 3 |
Morgan Stanley
New York
|
+$1.21M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$979K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$970K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$856K |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$554K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$523K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$512K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$432K |
BGT Hedge Fund Activity: Q4 2020 in Review
61 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2020, worth a combined $89.8M — up 13% from $79.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BGT and 7 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 16 added.
The largest buyer was Saba Capital Management, adding an estimated $4.28M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $856K sold.
- 61 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2020, down from 62 in Q3 2020.
- Funds reported $89.8M of BlackRock Floating Rate Income Trust stock for Q4 2020, up 13% quarter-over-quarter.
- 7 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2020 and 8 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Trust buyer in Q4 2020 was Saba Capital Management, an estimated $4.28M added.
- The largest BlackRock Floating Rate Income Trust seller in Q4 2020 was Rivernorth Capital Management, an estimated $856K sold.
Based on aggregated 13F filings for Q4 2020.