BlackRock Floating Rate Income Trust
BGT
58 hedge funds and large institutions have $68.3M invested in BlackRock Floating Rate Income Trust in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 25 increasing their positions, 14 reducing their positions, and 12 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 14
5.68% less ownership
Funds ownership: 29.42% → 23.74% (-5.7%)
12% less funds holding
Funds holding: 66 → 58 (-8)
16% less capital invested
Capital invested by funds: $81.4M → $68.3M (-$13.1M)
67% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.31M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$585K |
| 3 |
GRP
Global Retirement Partners
San Rafael,
California
|
+$499K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$426K |
| 5 |
LPL Financial
San Diego,
California
|
+$340K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
-$6.81M |
| 2 |
Morgan Stanley
New York
|
-$6.57M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.17M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.07M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$938K |
BGT Hedge Fund Activity: Q1 2024 in Review
58 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2024, worth a combined $68.3M — down 16% from $81.4M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BGT and 4 opened new positions — a net loss of 8 holders — while 14 trimmed existing stakes and 25 added.
The largest buyer was Ameriprise, adding an estimated $1.31M. The largest seller was Wagner Wealth Management (South Carolina), cutting an estimated $6.81M.
- 58 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2024, down from 66 in Q4 2023.
- Funds reported $68.3M of BlackRock Floating Rate Income Trust stock for Q1 2024, down 16% quarter-over-quarter.
- 4 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2024 and 12 closed out, a net change of -8 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2024 was Ameriprise, an estimated $1.31M added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2024 was Wagner Wealth Management (South Carolina), an estimated $6.81M sold.
Based on aggregated 13F filings for Q1 2024.