BlackRock Floating Rate Income Trust
BGT
66 hedge funds and large institutions have $71.9M invested in BlackRock Floating Rate Income Trust in 2022 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 9 closing their positions.
13% more capital invested
Capital invested by funds: $63.7M → $71.9M (+$8.15M)
3.17% more ownership
Funds ownership: 26.2% → 29.37% (+3.2%)
9% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 22
3% less funds holding
Funds holding: 68 → 66 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.37M |
| 2 |
Morgan Stanley
New York
|
+$1.97M |
| 3 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$1.61M |
| 4 |
RVPG
Relative Value Partners Group
|
+$1.39M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$811K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.64M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$721K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$441K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$360K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$356K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -92 | Closed |
|
BGT Hedge Fund Activity: Q4 2022 in Review
66 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2022, worth a combined $71.9M — up 13% from $63.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BGT and 8 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 20 added.
The largest buyer was 1607 Capital Partners, adding an estimated $3.37M. The largest seller was Bank of America, cutting an estimated $1.64M.
- 66 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2022, down from 68 in Q3 2022.
- Funds reported $71.9M of BlackRock Floating Rate Income Trust stock for Q4 2022, up 13% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2022 and 9 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Trust buyer in Q4 2022 was 1607 Capital Partners, an estimated $3.37M added.
- The largest BlackRock Floating Rate Income Trust seller in Q4 2022 was Bank of America, an estimated $1.64M sold.
Based on aggregated 13F filings for Q4 2022.