BlackRock Floating Rate Income Trust
BGT
74 hedge funds and large institutions have $102M invested in BlackRock Floating Rate Income Trust in 2019 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 35 increasing their positions, 17 reducing their positions, and 11 closing their positions.
106% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 17
12% more capital invested
Capital invested by funds: $91.4M → $102M (+$10.6M)
0.39% more ownership
Funds ownership: 33.75% → 34.14% (+0.39%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 78 → 74 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.13M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.05M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$644K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$435K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$413K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.22M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.48M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.32M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.19M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$586K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
76
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$1.19M | -96,984 | Closed |
|
|
AC
77
Almitas Capital
Santa Monica,
California
| – | -$586K | -47,721 | Closed |
|
|
LCM
78
Landscape Capital Management
Englewood,
New Jersey
| – | -$366K | -29,836 | Closed |
|
|
EPA
79
Element Pointe Advisors
Miami,
Florida
| – | -$208K | -16,963 | Closed |
|
|
FFA
80
First Foundation Advisors
Irvine,
California
| – | -$158K | -12,908 | Closed |
|
81
Millennium Management
New York
| – | -$143K | -11,682 | Closed |
|
|
SFS
82
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$58K | -4,754 | Closed |
|
|
FIA
83
FNY Investment Advisers
New York
| – | -$34K | -2,829 | Closed |
|
|
BWM
84
BerganKDV Wealth Management
Bloomington,
Minnesota
| – | -$30K | -2,430 | Closed |
|
BGT Hedge Fund Activity: Q4 2019 in Review
74 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2019, worth a combined $102M — up 12% from $91.4M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BGT and 7 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 35 added.
The largest buyer was Morgan Stanley, adding an estimated $1.13M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $2.22M sold.
- 74 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2019, down from 78 in Q3 2019.
- Funds reported $102M of BlackRock Floating Rate Income Trust stock for Q4 2019, up 12% quarter-over-quarter.
- 7 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2019 and 11 closed out, a net change of -4 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q4 2019 was Morgan Stanley, an estimated $1.13M added.
- The largest BlackRock Floating Rate Income Trust seller in Q4 2019 was Wolverine Asset Management, an estimated $2.22M sold.
Based on aggregated 13F filings for Q4 2019.