BlackRock Floating Rate Income Trust
BGT
74 hedge funds and large institutions have $86.6M invested in BlackRock Floating Rate Income Trust in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 24 reducing their positions, and 9 closing their positions.
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
7% more capital invested
Capital invested by funds: $81.3M → $86.6M (+$5.37M)
4% more funds holding
Funds holding: 71 → 74 (+3)
0.44% more ownership
Funds ownership: 29.54% → 29.97% (+0.44%)
8% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 24
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.75M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.22M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.14M |
| 4 |
SCM
Saba Capital Management
New York
|
+$861K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$826K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$1.9M |
| 2 |
VF
Virtu Financial
New York
|
-$1.45M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$524K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$408K |
| 5 |
LPL Financial
San Diego,
California
|
-$377K |
BGT Hedge Fund Activity: Q1 2019 in Review
74 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2019, worth a combined $86.6M — up 6.6% from $81.3M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new BGT positions and 9 closed out — a net gain of 5 holders — while 22 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.75M. The largest seller was Jaffetilchin Investment Partners, exiting entirely with an estimated $1.9M sold.
- 74 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2019, up from 71 in Q4 2018.
- Funds reported $86.6M of BlackRock Floating Rate Income Trust stock for Q1 2019, up 6.6% quarter-over-quarter.
- 14 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2019 and 9 closed out, a net change of +5 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2019 was Morgan Stanley, an estimated $3.75M added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2019 was Jaffetilchin Investment Partners, an estimated $1.9M sold.
Based on aggregated 13F filings for Q1 2019.