BlackRock Floating Rate Income Trust
BGT
57 hedge funds and large institutions have $77M invested in BlackRock Floating Rate Income Trust in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 5 closing their positions.
13% more capital invested
Capital invested by funds: $68.3M → $77M (+$8.76M)
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
4.07% more ownership
Funds ownership: 23.74% → 27.8% (+4.1%)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
2% less funds holding
Funds holding: 58 → 57 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
CIBC World Markets
New York
|
+$11.7M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.14M |
| 3 |
GRP
Global Retirement Partners
San Rafael,
California
|
+$832K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$744K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
-$1.82M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$794K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$618K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$204K |
| 5 |
Jane Street
New York
|
-$190K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
CIBC Private Wealth Group
Atlanta,
Georgia
| $29.9K | – | – | – |
|
|
CFGS
52
Concourse Financial Group Securities
Birmingham,
Alabama
| $29.3K | – | – | – |
|
|
NS
53
NBC Securities
Birmingham,
Alabama
| $14K | -$1.75K | -134 | -11% |
|
|
DAM
54
Delta Asset Management
Memphis,
Tennessee
| $12.8K | – | – | – |
|
55
Comerica Bank
Dallas,
Texas
| $11.3K | – | – | – |
|
56
JP Morgan Chase
New York
| $10.8K | +$11K | +843 | New |
|
|
TIM
57
Tortoise Investment Management
White Plains,
New York
| $1.28K | – | – | – |
|
|
HNB
58
Huntington National Bank
Columbus,
Ohio
| $13 | – | – | – |
|
|
DIA
59
Dean Investment Associates
Beavercreek,
Ohio
| – | -$1.82M | -140,242 | Closed |
|
|
60
Jane Street
New York
| – | -$190K | -14,674 | Closed |
|
|
CBA
61
Coastal Bridge Advisors
Westport,
Connecticut
| – | -$156K | -12,006 | Closed |
|
|
JPWM
62
Jamison Private Wealth Management
Milton,
Georgia
| – | -$40.2K | -3,101 | Closed |
|
63
First Manhattan
New York
| – | -$77 | -6 | Closed |
|
BGT Hedge Fund Activity: Q2 2024 in Review
57 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2024, worth a combined $77M — up 13% from $68.3M a quarter earlier.
Fund positioning in BGT was balanced in Q2 2024: 5 funds opened new positions, 5 closed out, 19 added to existing stakes and 17 trimmed.
The largest buyer was CIBC World Markets, opening a new position worth an estimated $11.7M. The largest seller was Dean Investment Associates, exiting entirely with an estimated $1.82M sold.
- 57 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2024, down from 58 in Q1 2024.
- Funds reported $77M of BlackRock Floating Rate Income Trust stock for Q2 2024, up 13% quarter-over-quarter.
- 5 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2024 and 5 closed out, a net change of 0 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2024 was CIBC World Markets, an estimated $11.7M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2024 was Dean Investment Associates, an estimated $1.82M sold.
Based on aggregated 13F filings for Q2 2024.