BlackRock Floating Rate Income Trust
BGT
61 hedge funds and large institutions have $87.3M invested in BlackRock Floating Rate Income Trust in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 11 closing their positions.
0% more funds holding
Funds holding: 61 → 61 (0)
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
3% less capital invested
Capital invested by funds: $89.8M → $87.3M (-$2.57M)
2.84% less ownership
Funds ownership: 33.55% → 30.72% (-2.8%)
23% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WW
Waterfront Wealth
Overland Park,
Kansas
|
+$2.11M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.57M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$896K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$685K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$553K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$8.19M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$2.07M |
| 3 |
Morgan Stanley
New York
|
-$1.19M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$697K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$665K |
BGT Hedge Fund Activity: Q1 2021 in Review
61 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2021, worth a combined $87.3M — down 2.9% from $89.8M a quarter earlier.
Fund positioning in BGT was balanced in Q1 2021: 11 funds opened new positions, 11 closed out, 17 added to existing stakes and 22 trimmed.
The largest buyer was Waterfront Wealth, opening a new position worth an estimated $2.11M. The largest seller was Saba Capital Management, cutting an estimated $8.19M.
- 61 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $87.3M of BlackRock Floating Rate Income Trust stock for Q1 2021, down 2.9% quarter-over-quarter.
- 11 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2021 and 11 closed out, a net change of 0 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2021 was Waterfront Wealth, an estimated $2.11M added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2021 was Saba Capital Management, an estimated $8.19M sold.
Based on aggregated 13F filings for Q1 2021.