BlackRock Floating Rate Income Trust
BGT
59 hedge funds and large institutions have $76.4M invested in BlackRock Floating Rate Income Trust in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 20 reducing their positions, and 10 closing their positions.
5% more capital invested
Capital invested by funds: $72.4M → $76.4M (+$3.95M)
0.29% more ownership
Funds ownership: 28.98% → 29.27% (+0.29%)
3% less funds holding
Funds holding: 61 → 59 (-2)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
20% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.04M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$998K |
| 3 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$607K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$517K |
| 5 |
LPL Financial
San Diego,
California
|
+$307K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.94M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.78M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.13M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$488K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$344K |
BGT Hedge Fund Activity: Q2 2023 in Review
59 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2023, worth a combined $76.4M — up 5.5% from $72.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BGT and 8 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 16 added.
The largest buyer was MML Investors Services, opening a new position worth an estimated $1.04M. The largest seller was Morgan Stanley, cutting an estimated $1.94M.
- 59 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2023, down from 61 in Q1 2023.
- Funds reported $76.4M of BlackRock Floating Rate Income Trust stock for Q2 2023, up 5.5% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2023 and 10 closed out, a net change of -2 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2023 was MML Investors Services, an estimated $1.04M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2023 was Morgan Stanley, an estimated $1.94M sold.
Based on aggregated 13F filings for Q2 2023.