BlackRock Floating Rate Income Trust
BGT
48 hedge funds and large institutions have $79.2M invested in BlackRock Floating Rate Income Trust in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
2% more funds holding
Funds holding: 47 → 48 (+1)
1% more capital invested
Capital invested by funds: $78.2M → $79.2M (+$978K)
0.06% more ownership
Funds ownership: 22.95% → 23.02% (+0.06%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$674K |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$532K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$501K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$391K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$367K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.06M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$937K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$332K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$265K |
| 5 |
Cohen & Steers
New York
|
-$161K |
BGT Hedge Fund Activity: Q3 2017 in Review
48 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2017, worth a combined $79.2M — up 1.3% from $78.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BGT positions and 3 closed out — a net gain of 2 holders — while 18 added to existing stakes and 15 trimmed.
The largest buyer was Jaffetilchin Investment Partners, opening a new position worth an estimated $674K. The largest seller was Morgan Stanley, cutting an estimated $1.06M.
- 48 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2017, up from 47 in Q2 2017.
- Funds reported $79.2M of BlackRock Floating Rate Income Trust stock for Q3 2017, up 1.3% quarter-over-quarter.
- 5 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2017 and 3 closed out, a net change of +2 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q3 2017 was Jaffetilchin Investment Partners, an estimated $674K added.
- The largest BlackRock Floating Rate Income Trust seller in Q3 2017 was Morgan Stanley, an estimated $1.06M sold.
Based on aggregated 13F filings for Q3 2017.