BlackRock Floating Rate Income Trust
BGT
56 hedge funds and large institutions have $76M invested in BlackRock Floating Rate Income Trust in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 6 closing their positions.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
13% more capital inflows, than outflows
Capital inflows: $6.81M | Capital outflows: $6.03M
10% more funds holding
Funds holding: 51 → 56 (+5)
0.25% more ownership
Funds ownership: 24.12% → 24.37% (+0.25%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Curi RMB Capital
Chicago,
Illinois
|
+$1.36M |
| 2 |
Doliver Advisors
Houston,
Texas
|
+$814K |
| 3 |
Wolverine Asset Management
Chicago,
Illinois
|
+$782K |
| 4 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$676K |
| 5 |
1607 Capital Partners
Richmond,
Virginia
|
+$473K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$2.59M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$825K |
| 3 |
Guggenheim Capital
Chicago,
Illinois
|
-$799K |
| 4 |
Advisor Group
Phoenix,
Arizona
|
-$413K |
| 5 |
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$270K |
BGT Hedge Fund Activity: Q2 2018 in Review
56 of the 4,386 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2018, worth a combined $76M — down 7.4% from $82.1M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BGT positions and 6 closed out — a net gain of 5 holders — while 19 added to existing stakes and 16 trimmed.
The largest buyer was Curi RMB Capital, opening a new position worth an estimated $1.36M. The largest seller was Baillie Gifford & Co, cutting an estimated $2.59M.
- 56 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2018, up from 51 in Q1 2018.
- Funds reported $76M of BlackRock Floating Rate Income Trust stock for Q2 2018, down 7.4% quarter-over-quarter.
- 11 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2018 and 6 closed out, a net change of +5 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2018 was Curi RMB Capital, an estimated $1.36M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2018 was Baillie Gifford & Co, an estimated $2.59M sold.
Based on aggregated 13F filings for Q2 2018.