BlackRock Floating Rate Income Trust
BGT
55 hedge funds and large institutions have $74.3M invested in BlackRock Floating Rate Income Trust in 2024 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 4 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 19
4% less capital invested
Capital invested by funds: $77M → $74.3M (-$2.77M)
2.29% less ownership
Funds ownership: 27.8% → 25.52% (-2.3%)
4% less funds holding
Funds holding: 57 → 55 (-2)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$8.25M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.45M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$965K |
| 4 |
Morgan Stanley
New York
|
+$320K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
CIBC World Markets
New York
|
-$8.68M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.75M |
| 3 |
GRP
Global Retirement Partners
San Rafael,
California
|
-$864K |
| 4 |
WW
Waterfront Wealth
Overland Park,
Kansas
|
-$431K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$351K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NS
51
NBC Securities
Birmingham,
Alabama
| $14K | -$373 | -29 | -3% |
|
|
DAM
52
Delta Asset Management
Memphis,
Tennessee
| $12.9K | – | – | – |
|
53
Comerica Bank
Dallas,
Texas
| $11.5K | – | – | – |
|
54
JP Morgan Chase
New York
| $10.9K | -$26 | -2 | -0.2% |
|
|
TIM
55
Tortoise Investment Management
White Plains,
New York
| $1.29K | – | – | – |
|
|
HNB
56
Huntington National Bank
Columbus,
Ohio
| $13 | – | – | – |
|
|
CWM
57
CIBC World Markets
New York
| – | -$8.68M | -897,419 | Closed |
|
|
MAWAG
58
Mid-American Wealth Advisory Group
Kansas City,
Missouri
| – | -$146K | -11,467 | Closed |
|
|
KIG
59
Kennedy Investment Group
West Depford,
New Jersey
| – | -$133K | -10,419 | Closed |
|
|
PS
60
Principal Securities
Des Moines,
Iowa
| – | -$81.4K | -6,383 | Closed |
|
BGT Hedge Fund Activity: Q3 2024 in Review
55 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2024, worth a combined $74.3M — down 3.6% from $77M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BGT and 3 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 22 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $8.25M. The largest seller was CIBC World Markets, exiting entirely with an estimated $8.68M sold.
- 55 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2024, down from 57 in Q2 2024.
- Funds reported $74.3M of BlackRock Floating Rate Income Trust stock for Q3 2024, down 3.6% quarter-over-quarter.
- 3 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2024 and 4 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Trust buyer in Q3 2024 was Penserra Capital Management, an estimated $8.25M added.
- The largest BlackRock Floating Rate Income Trust seller in Q3 2024 was CIBC World Markets, an estimated $8.68M sold.
Based on aggregated 13F filings for Q3 2024.