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BlackRock Floating Rate Income Trust
BGT

66 hedge funds and large institutions have $81.4M invested in BlackRock Floating Rate Income Trust in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 24 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

10% more capital invested

Capital invested by funds: $74.3M → $81.4M (+$7.14M)

6% more funds holding

Funds holding: 62 → 66 (+4)

1.99% more ownership

Funds ownership: 27.43% → 29.42% (+2%)

29% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 24

Holders
66
Holders Change
+4
Holders Change %
+6.45%
% of All Funds
0.96%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
17
Reduced
24
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$7.09M
2
Ameriprise
Ameriprise
Minnesota
+$1.67M
3
AAM
Advisors Asset Management
Colorado
+$1.14M
4
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$961K
5
UBS Group
UBS Group
Switzerland
+$476K

Top Sellers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
-$3.07M
2
COLIM
City of London Investment Management
United Kingdom
-$1.76M
3
CBA
Coastal Bridge Advisors
Connecticut
-$874K
4
RVPG
Relative Value Partners Group
-$593K
5
GC
Guggenheim Capital
Illinois
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSPIA
51
Cary Street Partners Investment Advisory
Virginia
$124K – – –
GWM
52
Geneos Wealth Management
Colorado
$69.2K -$10.1K -845 -13%
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$58.8K -$634 -53 -1%
CFB
54
Cullen/Frost Bankers
Texas
$38.7K -$22.4K -1,870 -37%
JPWM
55
Jamison Private Wealth Management
Georgia
$37.3K +$1.35K +113 +4%
PNC Financial Services Group
56
PNC Financial Services Group
Pennsylvania
$37.1K – – –
PS
57
Principal Securities
Iowa
$29.4K +$28.4K +2,371 New
CFGS
58
Concourse Financial Group Securities
Alabama
$28.5K – – –
NS
59
NBC Securities
Alabama
$15K -$730 -61 -5%
DAM
60
Delta Asset Management
Tennessee
$12.4K -$5.98K -500 -33%
JP Morgan Chase
61
JP Morgan Chase
New York
$11K +$311 +26 +3%
HCM
62
Highlander Capital Management
New Jersey
$7.12K – – –
Comerica Bank
63
Comerica Bank
Texas
$6.44K – – –
CIA
64
Cape Investment Advisory
Georgia
$1.63K +$1.58K +132 New
TIM
65
Tortoise Investment Management
New York
$1.24K – – –
First Manhattan
66
First Manhattan
New York
$74 – – –
HNB
67
Huntington National Bank
Ohio
$12 – – –
RVPG
68
Relative Value Partners Group
– -$593K -49,163 Closed
SIC
69
Samalin Investment Counsel
New York
– -$245K -20,345 Closed
HF
70
HRT Financial
New York
– -$132K -10,992 Closed
Fifth Third Bancorp
71
Fifth Third Bancorp
Ohio
– -$40K -3,319 Closed
TRCT
72
Tower Research Capital (TRC)
New York
– -$2.65K -220 Closed
CS
73
Clear Street
New York
– -$905 -75 Closed
1 2
3

BGT Hedge Fund Activity: Q4 2023 in Review

66 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2023, worth a combined $81.4M — up 9.6% from $74.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BGT positions and 6 closed out — a net gain of 4 holders — while 17 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.09M. The largest seller was 1607 Capital Partners, cutting an estimated $3.07M.

  • 66 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2023, up from 62 in Q3 2023.
  • Funds reported $81.4M of BlackRock Floating Rate Income Trust stock for Q4 2023, up 9.6% quarter-over-quarter.
  • 10 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2023 and 6 closed out, a net change of +4 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q4 2023 was Morgan Stanley, an estimated $7.09M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q4 2023 was 1607 Capital Partners, an estimated $3.07M sold.

Based on aggregated 13F filings for Q4 2023.