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BlackRock Floating Rate Income Trust
BGT

74 hedge funds and large institutions have $102M invested in BlackRock Floating Rate Income Trust in 2019 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 35 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

106% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 17

12% more capital invested

Capital invested by funds: $91.4M → $102M (+$10.6M)

0.39% more ownership

Funds ownership: 33.75% → 34.14% (+0.39%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 78 → 74 (-4)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
74
Holders Change
-4
Holders Change %
-5.13%
% of All Funds
1.46%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
35
Reduced
17
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.13M
2
Invesco
Invesco
Georgia
+$1.05M
3
UBS Group
UBS Group
Switzerland
+$644K
4
AAM
Advisors Asset Management
Colorado
+$435K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$413K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$2.22M
2
CRC
Curi RMB Capital
Illinois
-$1.48M
3
RCM
Rivernorth Capital Management
Florida
-$1.32M
4
RCM
Robinson Capital Management
Michigan
-$1.19M
5
AC
Almitas Capital
California
-$586K
Name Holding Trade Value Shares
Change 		Change in
Stake
1CP
1
1607 Capital Partners
Virginia
$11M +$302K +24,115 +3%
Baillie Gifford & Co
2
Baillie Gifford & Co
United Kingdom
$10.1M – – –
SCM
3
Saba Capital Management
New York
$9.2M +$203K +16,192 +2%
Morgan Stanley
4
Morgan Stanley
New York
$7.87M +$1.13M +90,195 +17%
Invesco
5
Invesco
Georgia
$6.08M +$1.05M +84,203 +22%
GC
6
Guggenheim Capital
Illinois
$5.4M -$499K -39,886 -9%
AAM
7
Advisors Asset Management
Colorado
$4.54M +$435K +34,765 +11%
CBA
8
Coastal Bridge Advisors
Connecticut
$3.65M +$25 +2 +0%
RCM
9
Rivernorth Capital Management
Florida
$3.58M -$1.32M -105,422 -28%
Bank of America
10
Bank of America
North Carolina
$3.4M +$170K +13,601 +5%
CCIM
11
Chapwood Capital Investment Management
Texas
$3.38M +$3.28M +262,381 New
UBS Group
12
UBS Group
Switzerland
$2.98M +$644K +51,458 +29%
RVPG
13
Relative Value Partners Group
$2.84M +$4.05K +324 +0.1%
VEA
14
Virtus ETF Advisers
New York
$2.83M +$232K +18,535 +9%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$2.07M +$413K +32,984 +26%
Wells Fargo
16
Wells Fargo
California
$1.94M +$18.6K +1,488 +1%
MIG
17
Mariner Investment Group
New York
$1.9M +$85.8K +6,859 +5%
Baird Financial Group
18
Baird Financial Group
Wisconsin
$1.61M +$146K +11,698 +10%
PMG
19
ProVise Management Group
Florida
$1.2M -$57.9K -4,630 -5%
QGA
20
Q Global Advisors
Texas
$1.11M +$218K +17,447 +25%
Stifel Financial
21
Stifel Financial
Missouri
$1.09M -$83.9K -6,706 -7%
Ameriprise
22
Ameriprise
Minnesota
$986K +$219K +17,528 +30%
LPL Financial
23
LPL Financial
California
$975K +$11.3K +907 +1%
MML Investors Services
24
MML Investors Services
Massachusetts
$864K +$12.7K +1,018 +2%
CA
25
Cornerstone Advisory
Maryland
$644K -$75.1K -6,000 -11%
1
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BGT Hedge Fund Activity: Q4 2019 in Review

74 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2019, worth a combined $102M — up 12% from $91.4M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BGT and 7 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 35 added.

The largest buyer was Morgan Stanley, adding an estimated $1.13M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $2.22M sold.

  • 74 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2019, down from 78 in Q3 2019.
  • Funds reported $102M of BlackRock Floating Rate Income Trust stock for Q4 2019, up 12% quarter-over-quarter.
  • 7 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2019 and 11 closed out, a net change of -4 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q4 2019 was Morgan Stanley, an estimated $1.13M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q4 2019 was Wolverine Asset Management, an estimated $2.22M sold.

Based on aggregated 13F filings for Q4 2019.