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BlackRock Floating Rate Income Trust
BGT

62 hedge funds and large institutions have $74.3M invested in BlackRock Floating Rate Income Trust in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

5% more funds holding

Funds holding: 59 → 62 (+3)

3% less capital invested

Capital invested by funds: $76.4M → $74.3M (-$2.06M)

1.84% less ownership

Funds ownership: 29.27% → 27.43% (-1.8%)

11% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 19

Holders
62
Holders Change
+3
Holders Change %
+5.08%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
17
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GL
Graypoint LLC
New York
+$1.97M
2
LPL Financial
LPL Financial
California
+$1.4M
3
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$573K
4
Osaic Holdings
Osaic Holdings
Arizona
+$480K
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$446K

Top Sellers

Rank Fund Capital Flow
1
MAWAG
Mid-American Wealth Advisory Group
Missouri
-$3.38M
2
AWM
AE Wealth Management
Kansas
-$2.94M
3
Morgan Stanley
Morgan Stanley
New York
-$2.09M
4
AA
AQR Arbitrage
Connecticut
-$818K
5
1CP
1607 Capital Partners
Virginia
-$671K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$36.2K – – –
JPWM
52
Jamison Private Wealth Management
Georgia
$35K +$34.5K +2,902 New
CFGS
53
Concourse Financial Group Securities
Alabama
$27.7K – – –
DAM
54
Delta Asset Management
Tennessee
$18.1K – – –
NS
55
NBC Securities
Alabama
$16K +$16K +1,348 New
JP Morgan Chase
56
JP Morgan Chase
New York
$10.4K +$7.67K +645 +301%
HCM
57
Highlander Capital Management
New Jersey
$7K +$6.84K +575 New
Comerica Bank
58
Comerica Bank
Texas
$6.27K +$6.18K +520 New
TRCT
59
Tower Research Capital (TRC)
New York
$2.65K +$2.62K +220 New
TIM
60
Tortoise Investment Management
New York
$1.21K – – –
CS
61
Clear Street
New York
$905 +$892 +75 New
First Manhattan
62
First Manhattan
New York
$72 – – –
HNB
63
Huntington National Bank
Ohio
$12 – – –
AWM
64
AE Wealth Management
Kansas
– -$2.94M -252,065 Closed
AA
65
AQR Arbitrage
Connecticut
– -$818K -70,178 Closed
CW
66
CreativeOne Wealth
Kansas
– -$239K -20,535 Closed
Rockefeller Capital Management
67
Rockefeller Capital Management
New York
– -$189K -16,200 Closed
HI
68
Harbour Investments
Wisconsin
– -$3.5K -300 Closed
1 2
3

BGT Hedge Fund Activity: Q3 2023 in Review

62 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2023, worth a combined $74.3M — down 2.7% from $76.4M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BGT positions and 5 closed out — a net gain of 3 holders — while 17 added to existing stakes and 19 trimmed.

The largest buyer was Graypoint LLC, opening a new position worth an estimated $1.97M. The largest seller was Mid-American Wealth Advisory Group, cutting an estimated $3.38M.

  • 62 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2023, up from 59 in Q2 2023.
  • Funds reported $74.3M of BlackRock Floating Rate Income Trust stock for Q3 2023, down 2.7% quarter-over-quarter.
  • 8 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2023 and 5 closed out, a net change of +3 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2023 was Graypoint LLC, an estimated $1.97M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2023 was Mid-American Wealth Advisory Group, an estimated $3.38M sold.

Based on aggregated 13F filings for Q3 2023.