BlackRock Floating Rate Income Trust
BGT
71 hedge funds and large institutions have $81.3M invested in BlackRock Floating Rate Income Trust in 2018 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 16 increasing their positions, 27 reducing their positions, and 8 closing their positions.
175% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 8
22% more funds holding
Funds holding: 58 → 71 (+13)
4.88% more ownership
Funds ownership: 24.66% → 29.54% (+4.9%)
4% more capital invested
Capital invested by funds: $78.2M → $81.3M (+$3.1M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
41% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.33M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$5.99M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$5.81M |
| 4 |
RVPG
Relative Value Partners Group
|
+$2.65M |
| 5 |
VF
Virtu Financial
New York
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$10.4M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$1.36M |
| 3 |
CS
Comerica Securities
Detroit,
Michigan
|
-$1.27M |
| 4 |
Morgan Stanley
New York
|
-$876K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$855K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
76
Steward Partners Investment Advisory
New York
| – | -$3K | -200 | Closed |
|
77
Fidelity Investments
Boston,
Massachusetts
| – | +$13 | +1 | +100% |
|
BGT Hedge Fund Activity: Q4 2018 in Review
71 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2018, worth a combined $81.3M — up 4% from $78.2M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BGT positions and 8 closed out — a net gain of 14 holders — while 16 added to existing stakes and 27 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.33M. The largest seller was Wells Fargo, cutting an estimated $10.4M.
- 71 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2018, up from 58 in Q3 2018.
- Funds reported $81.3M of BlackRock Floating Rate Income Trust stock for Q4 2018, up 4% quarter-over-quarter.
- 22 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2018 and 8 closed out, a net change of +14 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q4 2018 was Rivernorth Capital Management, an estimated $6.33M added.
- The largest BlackRock Floating Rate Income Trust seller in Q4 2018 was Wells Fargo, an estimated $10.4M sold.
Based on aggregated 13F filings for Q4 2018.