BlackRock Floating Rate Income Trust
BGT
62 hedge funds and large institutions have $79.2M invested in BlackRock Floating Rate Income Trust in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 7 closing their positions.
0% more capital invested
Capital invested by funds: $78.8M → $79.2M (+$355K)
0% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 20
0.56% less ownership
Funds ownership: 31.62% → 31.06% (-0.56%)
9% less funds holding
Funds holding: 68 → 62 (-6)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.73M |
| 2 |
Morgan Stanley
New York
|
+$641K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$305K |
| 4 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$135K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$125K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.65M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$465K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$450K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$409K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$296K |
BGT Hedge Fund Activity: Q3 2020 in Review
62 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2020, worth a combined $79.2M — up 0.45% from $78.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BGT and 3 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 20 added.
The largest buyer was Saba Capital Management, adding an estimated $2.73M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.65M.
- 62 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2020, down from 68 in Q2 2020.
- Funds reported $79.2M of BlackRock Floating Rate Income Trust stock for Q3 2020, up 0.45% quarter-over-quarter.
- 3 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2020 and 7 closed out, a net change of -4 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q3 2020 was Saba Capital Management, an estimated $2.73M added.
- The largest BlackRock Floating Rate Income Trust seller in Q3 2020 was Rivernorth Capital Management, an estimated $2.65M sold.
Based on aggregated 13F filings for Q3 2020.