BlackRock Floating Rate Income Trust
BGT
41 hedge funds and large institutions have $38.4M invested in BlackRock Floating Rate Income Trust in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
24% more funds holding
Funds holding: 33 → 41 (+8)
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
0.21% more ownership
Funds ownership: 11.24% → 11.45% (+0.21%)
4% less capital invested
Capital invested by funds: $40.1M → $38.4M (-$1.69M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HAIM
Hunter Associates Investment Management
Pittsburgh,
Pennsylvania
|
+$652K |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$453K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$385K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$369K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$317K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
-$974K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$886K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$646K |
| 4 |
ARC
Absolute Return Capital
Boston,
Massachusetts
|
-$367K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$97.4K |
BGT Hedge Fund Activity: Q3 2013 in Review
41 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2013, worth a combined $38.4M — down 4.2% from $40.1M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BGT positions and 2 closed out — a net gain of 8 holders — while 11 added to existing stakes and 10 trimmed.
The largest buyer was Hunter Associates Investment Management, opening a new position worth an estimated $652K. The largest seller was Horizon Kinetics, cutting an estimated $974K.
- 41 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2013, up from 33 in Q2 2013.
- Funds reported $38.4M of BlackRock Floating Rate Income Trust stock for Q3 2013, down 4.2% quarter-over-quarter.
- 10 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2013 and 2 closed out, a net change of +8 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q3 2013 was Hunter Associates Investment Management, an estimated $652K added.
- The largest BlackRock Floating Rate Income Trust seller in Q3 2013 was Horizon Kinetics, an estimated $974K sold.
Based on aggregated 13F filings for Q3 2013.