BlackRock Floating Rate Income Trust
BGT
49 hedge funds and large institutions have $65.8M invested in BlackRock Floating Rate Income Trust in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 15 closing their positions.
1% more capital inflows, than outflows
Capital inflows: $5.84M | Capital outflows: $5.8M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.26% less ownership
Funds ownership: 20.91% → 20.66% (-0.26%)
14% less funds holding
Funds holding: 57 → 49 (-8)
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Huntington National Bank
Columbus,
Ohio
|
+$871K |
| 2 |
Trust Asset Management
Houston,
Texas
|
+$866K |
| 3 |
MSI Financial Services
Springfield,
Massachusetts
|
+$779K |
| 4 |
Cohen & Steers
New York
|
+$622K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$477K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$997K |
| 2 |
SG Americas Securities
New York
|
-$546K |
| 3 |
WA
WFG Advisors
Dallas,
Texas
|
-$458K |
| 4 |
Mariner Investment Group
Harrison,
New York
|
-$442K |
| 5 |
Horizon Kinetics
New York
|
-$402K |
BGT Hedge Fund Activity: Q1 2015 in Review
49 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2015, worth a combined $65.8M — up 2.2% from $64.4M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BGT and 8 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 15 added.
The largest buyer was Huntington National Bank, opening a new position worth an estimated $871K. The largest seller was Financial & Investment Management Group, cutting an estimated $997K.
- 49 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2015, down from 57 in Q4 2014.
- Funds reported $65.8M of BlackRock Floating Rate Income Trust stock for Q1 2015, up 2.2% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2015 and 15 closed out, a net change of -7 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2015 was Huntington National Bank, an estimated $871K added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2015 was Financial & Investment Management Group, an estimated $997K sold.
Based on aggregated 13F filings for Q1 2015.