BlackRock Floating Rate Income Trust
BGT
42 hedge funds and large institutions have $55.9M invested in BlackRock Floating Rate Income Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 9 closing their positions.
0.22% less ownership
Funds ownership: 16.85% → 16.63% (-0.22%)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
9% less funds holding
Funds holding: 46 → 42 (-4)
15% less capital inflows, than outflows
Capital inflows: $4.27M | Capital outflows: $5.03M
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS
Zurich,
Switzerland
|
+$1.47M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$1.22M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$408K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$258K |
| 5 |
Doliver Advisors
Houston,
Texas
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Investment House LLC
Redondo Beach,
California
|
-$1.16M |
| 2 |
Absolute Return Capital
Boston,
Massachusetts
|
-$810K |
| 3 |
Hunter Associates Investment Management
Pittsburgh,
Pennsylvania
|
-$679K |
| 4 |
Morgan Stanley
New York
|
-$512K |
| 5 |
Mariner Investment Group
Harrison,
New York
|
-$428K |
BGT Hedge Fund Activity: Q2 2014 in Review
42 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2014, worth a combined $55.9M — down 1.5% from $56.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BGT and 5 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 14 added.
The largest buyer was UBS, adding an estimated $1.47M. The largest seller was Investment House LLC, exiting entirely with an estimated $1.16M sold.
- 42 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2014, down from 46 in Q1 2014.
- Funds reported $55.9M of BlackRock Floating Rate Income Trust stock for Q2 2014, down 1.5% quarter-over-quarter.
- 5 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2014 and 9 closed out, a net change of -4 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2014 was UBS, an estimated $1.47M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2014 was Investment House LLC, an estimated $1.16M sold.
Based on aggregated 13F filings for Q2 2014.