BlackRock Floating Rate Income Trust
BGT
74 hedge funds and large institutions have $92.5M invested in BlackRock Floating Rate Income Trust in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 7 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 22
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
7% more capital invested
Capital invested by funds: $86.6M → $92.5M (+$5.87M)
3.76% more ownership
Funds ownership: 29.97% → 33.73% (+3.8%)
0% more funds holding
Funds holding: 74 → 74 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.78M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
+$2.21M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$974K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$959K |
| 5 |
Morgan Stanley
New York
|
+$877K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.76M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.33M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$531K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$480K |
| 5 |
Millennium Management
New York
|
-$462K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
76
SeaCrest Wealth Management
Purchase,
New York
| – | -$138K | -11,298 | Closed |
|
|
WS
77
Wedbush Securities
Los Angeles,
California
| – | -$129K | -10,600 | Closed |
|
|
CFGS
78
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$39.2K | -3,150 | Closed |
|
79
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$6K | -520 | Closed |
|
BGT Hedge Fund Activity: Q2 2019 in Review
74 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2019, worth a combined $92.5M — up 6.8% from $86.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BGT positions and 7 closed out — a net gain of 1 holder — while 27 added to existing stakes and 22 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $7.78M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.76M.
- 74 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2019, unchanged from Q1 2019.
- Funds reported $92.5M of BlackRock Floating Rate Income Trust stock for Q2 2019, up 6.8% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2019 and 7 closed out, a net change of +1 holder.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2019 was Saba Capital Management, an estimated $7.78M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2019 was Rivernorth Capital Management, an estimated $3.76M sold.
Based on aggregated 13F filings for Q2 2019.