BlackRock Floating Rate Income Trust
BGT
58 hedge funds and large institutions have $71.7M invested in BlackRock Floating Rate Income Trust in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 16 reducing their positions, and 7 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 16
2% less funds holding
Funds holding: 59 → 58 (-1)
2.94% less ownership
Funds ownership: 27.04% → 24.1% (-2.9%)
8% less capital invested
Capital invested by funds: $77.8M → $71.7M (-$6.04M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.72M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$1.63M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.36M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.05M |
| 5 |
Morgan Stanley
New York
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$8.89M |
| 2 |
SCM
Saba Capital Management
New York
|
-$4.12M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$965K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$607K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$570K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $23K | +$22.2K | +1,701 | New |
|
|
EIP
52
Ellis Investment Partners
Berwyn,
Pennsylvania
| $13K | +$196 | +15 | +2% |
|
|
HA
53
Herold Advisors
New York
| $13K | +$13.5K | +1,033 | New |
|
|
CI
54
CX Institutional
Auburn,
Indiana
| $9K | – | – | – |
|
|
APA
55
American Portfolios Advisors
Holbrook,
New York
| $8.43K | – | – | – |
|
|
LWA
56
Lowe Wealth Advisors
Columbia,
Maryland
| $4K | +$4.34K | +333 | New |
|
|
SCM
57
Saba Capital Management
New York
| – | -$4.12M | -320,700 | Closed |
|
|
RCM
58
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$965K | -74,947 | Closed |
|
|
HWAM
59
Hennion & Walsh Asset Management
Parsippany,
New Jersey
| – | -$291K | -22,638 | Closed |
|
|
BCM
60
Bourgeon Capital Management
Darien,
Connecticut
| – | -$165K | -12,855 | Closed |
|
|
IC
61
IEQ Capital
Foster City,
California
| – | -$155K | -12,029 | Closed |
|
|
FIA
62
FNY Investment Advisers
New York
| – | -$128K | -10,000 | Closed |
|
|
LWA
63
Lenox Wealth Advisors
New York
| – | -$2K | -123 | Closed |
|
|
TCWM
64
Total Clarity Wealth Management
St. Charles,
Illinois
| – | +$13 | +1 | New |
|
BGT Hedge Fund Activity: Q3 2021 in Review
58 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2021, worth a combined $71.7M — down 7.8% from $77.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BGT and 6 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 25 added.
The largest buyer was UBS Group, adding an estimated $1.72M. The largest seller was 1607 Capital Partners, cutting an estimated $8.89M.
- 58 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2021, down from 59 in Q2 2021.
- Funds reported $71.7M of BlackRock Floating Rate Income Trust stock for Q3 2021, down 7.8% quarter-over-quarter.
- 6 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2021 and 7 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Trust buyer in Q3 2021 was UBS Group, an estimated $1.72M added.
- The largest BlackRock Floating Rate Income Trust seller in Q3 2021 was 1607 Capital Partners, an estimated $8.89M sold.
Based on aggregated 13F filings for Q3 2021.